Deutsche Bank Correlations
| DBN Stock | MXN 495.40 0.40 0.08% |
The current 90-days correlation between Deutsche Bank Aktien and Prudential Financial is -0.05 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Deutsche Bank Correlation With Market
Significant diversification
The correlation between Deutsche Bank Aktiengesellscha and DJI is 0.04 (i.e., Significant 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.
Deutsche |
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 against Deutsche Stock
| 0.61 | HD | Home Depot | PairCorr |
| 0.6 | BBAJIOO | Banco del Bajo | PairCorr |
| 0.37 | SPCE | Virgin Galactic Holdings, | PairCorr |
Related Correlations Analysis
| 0.32 | -0.32 | 0.21 | 0.36 | 0.73 | PRU | ||
| 0.32 | -0.24 | -0.24 | 0.13 | 0.02 | ROST | ||
| -0.32 | -0.24 | -0.57 | -0.8 | -0.35 | UAL | ||
| 0.21 | -0.24 | -0.57 | 0.75 | 0.56 | ATSG | ||
| 0.36 | 0.13 | -0.8 | 0.75 | 0.5 | GMXT | ||
| 0.73 | 0.02 | -0.35 | 0.56 | 0.5 | X | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRU | 0.66 | 0.34 | 0.00 | 8.04 | 0.00 | 0.00 | 14.14 | |||
| ROST | 1.69 | (0.83) | 0.00 | 2.16 | 0.00 | 2.14 | 8.32 | |||
| UAL | 2.37 | (0.48) | 0.00 | (0.80) | 0.00 | 3.89 | 17.99 | |||
| ATSG | 0.14 | 0.07 | 0.00 | 0.57 | 0.00 | 0.00 | 4.35 | |||
| GMXT | 0.99 | 0.08 | 0.10 | (3.45) | 1.14 | 2.06 | 11.72 | |||
| X | 2.18 | 0.57 | 0.18 | 2.03 | 2.26 | 5.56 | 14.57 |
Deutsche Bank Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Deutsche Bank stock to make a market-neutral strategy. Peer analysis of Deutsche Bank could also be used in its relative valuation, which is a method of valuing Deutsche Bank by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 Simon | Member of the Supervisory Board | Profile | |
| Alexander Muhlen | Regional Board | Profile | |
| Olivier Vigneron | Group Officer | Profile | |
| Bernd Leukert | Data Technology | Profile | |
| Fabrizio Campelli | Head of Group Strategy, Member of the Group Executive Committee | Profile | |
| Christiana Riley | Regional Board | Profile |