Deutsche Bank Correlations

DB Stock

USD 24.15 0.63 2.54%

The current 90-days correlation between Deutsche Bank AG and Banco Bradesco SA is 0.29 (i.e., Modest diversification). The correlation of Deutsche Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Deutsche Bank Correlation With Market

Very weak diversification

The correlation between Deutsche Bank AG and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Bank AG and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deutsche Bank AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Deutsche Stock

0.82	ARI	Apollo Commercial Real	Pair Corr
0.89	EFC	Ellington Financial	Pair Corr
0.7	IVR	Invesco Mortgage Capital	Pair Corr
0.76	MFA	MFA Financial	Pair Corr
0.87	NLY	Annaly Capital Management	Pair Corr
0.7	ORC	Orchid Island Capital	Pair Corr
0.85	TWO	Two Harbors Investments	Pair Corr

Moving against Deutsche Stock

0.82	RC	Ready Capital Corp	Pair Corr
0.78	AMG	Affiliated Managers	Pair Corr
0.74	ECPG	Encore Capital Group	Pair Corr
0.73	MC	Moelis	Pair Corr
0.7	ABR	Arbor Realty Trust	Pair Corr
0.65	WD	Walker Dunlop	Pair Corr
0.56	SF	Stifel Financial	Pair Corr
0.56	EARN	Ellington Residential Potential Growth	Pair Corr
0.53	DHIL	Diamond Hill Investment	Pair Corr
0.9	JEF	Jefferies Financial Normal Trading	Pair Corr
0.85	EVR	Evercore Partners	Pair Corr
0.67	PWP	Perella Weinberg Partners	Pair Corr
0.66	STT	State Street Corp	Pair Corr
0.65	FOA	Finance of America Downward Rally	Pair Corr
0.61	AXP	American Express	Pair Corr
0.57	HLI	Houlihan Lokey	Pair Corr
0.49	LAZ	Lazard	Pair Corr
0.46	PJT	PJT Partners	Pair Corr
0.34	CIM	Chimera Investment	Pair Corr
0.77	ORGN	Origin Materials	Pair Corr
0.73	IREN	Iris Energy Aggressive Push	Pair Corr

Related Correlations Analysis

	BBD	ITUB	LLDTF	BSBR	WAL	CMA	KEY	PACW	TFC	ZION
BBD		0.4	0.16	0.94	0.01	0.27	-0.05	0.0	0.22	-0.1	BBD
ITUB	0.4		0.61	0.34	-0.12	-0.09	-0.19	0.0	-0.18	-0.3	ITUB
LLDTF	0.16	0.61		0.18	-0.3	-0.35	-0.43	0.0	-0.36	-0.52	LLDTF
BSBR	0.94	0.34	0.18		0.03	0.22	-0.14	0.0	0.26	-0.15	BSBR
WAL	0.01	-0.12	-0.3	0.03		0.85	0.88	0.0	0.92	0.91	WAL
CMA	0.27	-0.09	-0.35	0.22	0.85		0.89	0.0	0.91	0.85	CMA
KEY	-0.05	-0.19	-0.43	-0.14	0.88	0.89		0.0	0.84	0.96	KEY
PACW	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PACW
TFC	0.22	-0.18	-0.36	0.26	0.92	0.91	0.84	0.0		0.87	TFC
ZION	-0.1	-0.3	-0.52	-0.15	0.91	0.85	0.96	0.0	0.87		ZION
	BBD	ITUB	LLDTF	BSBR	WAL	CMA	KEY	PACW	TFC	ZION

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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

ZION	+ 0.96	KEY
BSBR	+ 0.94	BBD
TFC	+ 0.92	WAL
ZION	+ 0.91	WAL
TFC	+ 0.91	CMA
KEY	+ 0.89	CMA

High negative correlations

ZION	- 0.52	LLDTF
KEY	- 0.43	LLDTF
TFC	- 0.36	LLDTF
CMA	- 0.35	LLDTF
WAL	- 0.3	LLDTF
ZION	- 0.3	ITUB

Risk-Adjusted Indicators

There is a big difference between Deutsche Stock performing well and Deutsche Bank 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 Deutsche Bank'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
BBD	1.79	0.22	0.09	0.23	2.11	(2.14)	3.83	(3.66)	10.43
ITUB	1.51	0.75	0.54	0.76	0.53	(1.97)	4.65	(1.96)	14.60
LLDTF	2.94	0.73	0.12	0.67	3.22	(4.79)	8.89	(6.94)	23.72
BSBR	1.80	0.27	0.13	0.45	2.11	(2.09)	4.42	(4.26)	9.51
WAL	1.95	(0.11)	0.00	(0.14)	0.00	0.00	3.32	(3.97)	11.16
CMA	1.41	(0.06)	0.00	(0.12)	0.00	0.00	2.84	(3.75)	9.01
KEY	1.40	(0.07)	0.00	(0.14)	0.00	0.00	2.72	(3.60)	7.45
PACW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TFC	1.20	(0.05)	0.00	(0.12)	0.00	0.00	1.89	(2.67)	10.25
ZION	1.48	(0.12)	0.00	(0.16)	0.00	0.00	2.50	(3.08)	9.75

Deutsche Bank Corporate Management

Michele Trogni	Independent Member of the Supervisory Board	Profile
Gerd Schuetz	Independent Member of the Supervisory Board	Profile
John Thain	Independent Member of the Supervisory Board	Profile
Stephan Szukalski	Independent Member of the Supervisory Board, Employee Representative	Profile
Mayree Clark	Independent Member of the Supervisory Board	Profile

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