Danang Education Correlations

DAD Stock

19,700 700.00 3.68%

The current 90-days correlation between Danang Education Inv and Din Capital Investment is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danang Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danang Education Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Danang Education Correlation With Market

Good diversification

The correlation between Danang Education Investment and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danang Education Investment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Danang Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danang Education when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Danang Education - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Danang Education Investment to buy it.

Moving against Danang Stock

0.51	AAA	An Phat Plastic	Pair Corr
0.43	FIT	FIT INVEST JSC	Pair Corr
0.39	ADS	Damsan JSC	Pair Corr

Related Correlations Analysis

	PDB	HAH	PVP	TOT	TCB	TDG	PIT	PVS
PDB		-0.47	0.18	-0.02	-0.52	-0.62	-0.5	-0.56	PDB
HAH	-0.47		-0.22	-0.18	0.28	0.22	0.15	0.28	HAH
PVP	0.18	-0.22		-0.55	-0.54	-0.36	-0.46	0.44	PVP
TOT	-0.02	-0.18	-0.55		0.49	0.51	0.54	-0.35	TOT
TCB	-0.52	0.28	-0.54	0.49		0.85	0.88	0.25	TCB
TDG	-0.62	0.22	-0.36	0.51	0.85		0.82	0.34	TDG
PIT	-0.5	0.15	-0.46	0.54	0.88	0.82		0.26	PIT
PVS	-0.56	0.28	0.44	-0.35	0.25	0.34	0.26		PVS
	PDB	HAH	PVP	TOT	TCB	TDG	PIT	PVS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PIT	+ 0.88	TCB
TDG	+ 0.85	TCB
PIT	+ 0.82	TDG
PIT	+ 0.54	TOT
TDG	+ 0.51	TOT
TCB	+ 0.49	TOT

High negative correlations

TDG	- 0.62	PDB
PVS	- 0.56	PDB
TOT	- 0.55	PVP
TCB	- 0.54	PVP
TCB	- 0.52	PDB
PIT	- 0.5	PDB

Risk-Adjusted Indicators

There is a big difference between Danang Stock performing well and Danang Education Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Danang Education's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PDB	0.99	(0.02)	0.00	0.05	0.00	0.00	3.03	(2.88)	6.12
HAH	1.22	0.11	0.08	0.24	1.34	(1.50)	3.03	(2.11)	8.76
PVP	1.25	(0.11)	0.00	(1.37)	0.00	0.00	2.75	(3.18)	7.32
TOT	1.34	0.15	0.08	(0.61)	1.71	(1.86)	3.37	(3.35)	14.59
TCB	0.90	0.20	0.19	(1.62)	0.84	(1.12)	2.18	(1.97)	7.34
TDG	1.47	0.21	0.15	(0.59)	1.42	(2.04)	4.27	(2.31)	12.66
PIT	1.74	0.42	0.20	(0.77)	1.59	(2.70)	6.88	(2.65)	13.94
PVS	0.88	(0.03)	0.00	(0.80)	0.00	0.00	1.82	(1.76)	6.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Danang Education without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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