Deutsche Boerse Correlations
| DBOEY Stock | USD 28.85 0.05 0.17% |
The current 90-days correlation between Deutsche Boerse AG and London Stock Exchange is 0.07 (i.e., Significant diversification). The correlation of Deutsche Boerse 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 Boerse Correlation With Market
Average diversification
The correlation between Deutsche Boerse AG and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Boerse AG and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Deutsche Boerse 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 Boerse 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 Boerse - 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 Boerse AG to buy it.
Moving together with Deutsche Pink Sheet
| 0.89 | ICE | Intercontinental Exchange | PairCorr |
| 0.96 | CME | CME Group | PairCorr |
| 0.88 | HKXCF | Hong Kong Exchanges | PairCorr |
| 0.92 | HKXCY | Hong Kong Exchange | PairCorr |
| 0.94 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.78 | ALHC | Alignment Healthcare LLC | PairCorr |
| 0.63 | UBER | Uber Technologies | PairCorr |
| 0.83 | ARI | Apollo Commercial Real | PairCorr |
| 0.86 | CWEN | Clearway Energy Class | PairCorr |
| 0.77 | SGIC | Silicon Gaming | PairCorr |
| 0.85 | MFG | Mizuho Financial | PairCorr |
| 0.93 | TVC | Tennessee Valley Aut | PairCorr |
| 0.64 | GOODN | Gladstone Commercial Corp | PairCorr |
| 0.75 | KRNTY | Krones AG | PairCorr |
| 0.86 | AM | Antero Midstream Partners | PairCorr |
Moving against Deutsche Pink Sheet
| 0.83 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.83 | ASTI | Ascent Solar Technol | PairCorr |
| 0.8 | SGD | Safe and Green | PairCorr |
| 0.76 | MSCI | MSCI Inc | PairCorr |
| 0.7 | COCXF | Chocoladefabriken Lindt | PairCorr |
| 0.34 | NDAQ | Nasdaq Inc | PairCorr |
| 0.32 | RNAZ | Transcode Therapeutics | PairCorr |
| 0.66 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.6 | 472319AM4 | JEFFERIES GROUP INC | PairCorr |
| 0.54 | 817565CD4 | SCI Corp 4625 | PairCorr |
| 0.32 | CPSH | Cps Technologies | PairCorr |
Related Correlations Analysis
| 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 Pink Sheet performing well and Deutsche Boerse 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 Boerse'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LNSTY | 1.06 | 0.03 | 0.06 | 0.14 | 1.38 | 2.39 | 8.65 | |||
| HKXCF | 3.63 | 0.49 | 0.11 | 0.86 | 4.05 | 8.23 | 19.04 | |||
| DBOEF | 1.59 | 0.30 | 0.17 | (1.52) | 1.64 | 4.31 | 8.88 | |||
| SPXCF | 1.52 | 0.15 | 0.03 | 0.07 | 2.35 | 5.30 | 22.29 | |||
| MORN | 1.02 | (0.20) | 0.00 | (0.30) | 0.00 | 1.50 | 5.47 | |||
| FDS | 0.87 | (0.14) | 0.00 | (0.31) | 0.00 | 1.78 | 6.44 | |||
| ICE | 0.85 | 0.22 | 0.24 | 0.28 | 0.83 | 2.06 | 6.28 | |||
| NDAQ | 1.09 | (0.02) | 0.00 | (0.09) | 0.00 | 1.85 | 6.36 | |||
| CME | 0.82 | 0.20 | 0.25 | (4.39) | 0.83 | 1.89 | 4.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Deutsche Boerse 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.Did you try this?
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Deutsche Boerse Corporate Management
| Richard Green | Interim Officer | Profile | |
| Gudrun Feiertag | Head Functionality | Profile | |
| Stephan Leithner | Member of the Executive Board | Profile | |
| Heike Eckert | Director Board | Profile | |
| Jan Strecker | Head Relations | Profile |