Deutsche Bank Correlations

Stocks . Germany . 
Stock . Deutsche Bank Aktiengesellschaft
DBK Stock  EUR 22.68  0.35  1.52%   
The current 90-days correlation between Deutsche Bank Aktien and Suntory Beverage Food is 0.07 (i.e., Significant 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

Weak diversification

The correlation between Deutsche Bank Aktiengesellscha and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Bank Aktiengesellscha and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Deutsche Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deutsche Bank 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 Deutsche Bank - 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 Deutsche Bank Aktiengesellschaft to buy it.

Moving together with Deutsche Stock

  0.883YB0 POSBO UNSPADRS/20YC1PairCorr
  0.96CRIP UNICREDIT SPA ADRPairCorr
  0.96FV9J CAIXABANK UNADR 13PairCorr
  0.73SEBA Skandinaviska EnskildaPairCorr
  0.64C6T China Construction BankPairCorr
  0.75BSN Danone SAPairCorr
  0.755TP BLUE LABELPairCorr
  0.81TKA thyssenkrupp AGPairCorr
  0.723RE Rejlerkoncernen ABPairCorr
  0.73JYS1 JYSKE BANKPairCorr
  0.67T62 TOHO ZINC LTDPairCorr
  0.66DBPE Xtrackers LevDAXPairCorr

Moving against Deutsche Stock

  0.91OB8 PT Barito PacificPairCorr
  0.71BZG2 PT Bank CentralPairCorr
  0.68PJM PT Bumi ResourcesPairCorr
  0.62BBK Truist FinancialPairCorr
  0.55BYRA PT Bank RakyatPairCorr
  0.55TCID Telkom Indonesia TbkPairCorr
  0.37OCBA Oversea Chinese BankingPairCorr
  0.35OCBB OVERSEA CHINUNSPADR/2PairCorr
  0.67DBPD Xtrackers ShortDAXPairCorr
  0.4TTO TTL Beteiligungs undPairCorr
  0.35T9V TASTY PLC LSPairCorr

Related Correlations Analysis

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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   
PCHP
+ 0.68
M8Z
FJZ
+ 0.64
CHK
FJZ
+ 0.49
3FNA
3FNA
+ 0.43
CHK
CHK
+ 0.38
7SN
NY7
+ 0.27
7SN
  
High negative correlations   
FJZ
- 0.73
PCHP
CHK
- 0.73
PCHP
3FNA
- 0.65
M8Z
CHK
- 0.62
M8Z
FJZ
- 0.6
M8Z
3FNA
- 0.51
PCHP

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Deutsche Bank 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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Deutsche Bank Corporate Management

Elected by the shareholders, the Deutsche Bank's board of directors comprises two types of representatives: Deutsche Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deutsche. The board's role is to monitor Deutsche Bank's management team and ensure that shareholders' interests are well served. Deutsche Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Deutsche Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Stefan SimonChief BoardProfile
Alexander MuhlenRegional BoardProfile
Olivier VigneronGroup OfficerProfile
Bernd LeukertData TechnologyProfile
James MoltkeCFO PresProfile
Fabrizio CampelliHead BoardProfile
Christiana RileyRegional BoardProfile
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