Deutsche Bank Correlations

DBK Stock

EUR 22.20 0.05 0.22%

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. If the correlation is 0, the equities are not correlated; they are entirely random.

Deutsche Bank Correlation With Market

Weak diversification

The correlation between Deutsche Bank Aktiengesellscha and DJI is 0.34 (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

0.9	LLD2	Lloyds Banking Group	Pair Corr
0.8	TKDA	Takeda Pharmaceutical	Pair Corr
0.87	W8V	Bank of China Limited Earnings Call This Week	Pair Corr
0.79	E908	Lyxor 1	Pair Corr
0.92	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Deutsche Stock

0.91	DBPD	Xtrackers ShortDAX	Pair Corr
0.88	SID	State Bank	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.76	APC	Apple Inc	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.73	AMZ	Amazon Inc	Pair Corr
0.68	OIX	ORIX	Pair Corr
0.65	KBIA	KB Financial Group	Pair Corr

Related Correlations Analysis

	5PMA	MKN2	US8	M0G	N0S	GM6	TSFA
5PMA		0.0	-0.53	0.66	0.59	0.0	-0.44	5PMA
MKN2	0.0		0.0	0.0	0.0	-1.0	0.0	MKN2
US8	-0.53	0.0		-0.62	-0.67	0.0	0.7	US8
M0G	0.66	0.0	-0.62		0.88	0.0	-0.37	M0G
N0S	0.59	0.0	-0.67	0.88		0.0	-0.35	N0S
GM6	0.0	-1.0	0.0	0.0	0.0		0.0	GM6
TSFA	-0.44	0.0	0.7	-0.37	-0.35	0.0		TSFA
	5PMA	MKN2	US8	M0G	N0S	GM6	TSFA

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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

N0S	+ 0.88	M0G
TSFA	+ 0.7	US8
M0G	+ 0.66	5PMA
N0S	+ 0.59	5PMA
MKN2	+ 0.0	5PMA
GM6	+ 0.0	5PMA

High negative correlations

GM6	- 1.0	MKN2
N0S	- 0.67	US8
M0G	- 0.62	US8
US8	- 0.53	5PMA
TSFA	- 0.44	5PMA
TSFA	- 0.37	M0G

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
5PMA	2.99	0.36	0.11	(2.51)	3.03	(4.03)	6.52	(5.88)	20.17
MKN2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
US8	2.35	(0.16)	0.00	(0.22)	0.00	0.00	5.19	(6.72)	15.74
M0G	2.58	0.28	0.11	0.26	2.35	(3.50)	6.52	(4.04)	15.69
N0S	1.85	0.49	0.21	1.13	2.12	(2.01)	3.13	(4.06)	31.09
GM6	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSFA	2.18	(0.18)	0.00	3.75	0.00	0.00	4.70	(3.99)	20.67

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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