Dillards Capital Correlations

Stocks . USA . 
Stock . Dillards Capital Trust
DDT Stock  USD 26.20  0.04  0.15%   
The current 90-days correlation between Dillards Capital Trust and Prudential Financial 4125 is 0.22 (i.e., Modest diversification). The correlation of Dillards Capital 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.

Dillards Capital Correlation With Market

Average diversification

The correlation between Dillards Capital Trust and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dillards Capital Trust 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 Dillards Capital Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Dillards Stock

  0.8V Visa Class APairCorr
  0.88DB Deutsche Bank AGPairCorr
  0.92DX Dynex Capital Sell-off TrendPairCorr
  0.72LU Lufax HoldingPairCorr
  0.94LX Lexinfintech HoldingsPairCorr
  0.88XP Xp IncPairCorr
  0.72DMYY dMY Squared TechnologyPairCorr
  0.71DOMH Dominari Holdings Earnings Call This WeekPairCorr
  0.69GCMGW GCM GrosvenorPairCorr
  0.83DYCQ DT Cloud AcquisitionPairCorr
  0.92EMCGU Embrace Change AcquiPairCorr

Moving against Dillards Stock

  0.85LC LendingClub CorpPairCorr
  0.72DHIL Diamond Hill InvestmentPairCorr
  0.64BX Blackstone GroupPairCorr
  0.63RC Ready Capital CorpPairCorr
  0.45MC Moelis Normal TradingPairCorr
  0.43CG Carlyle Group Normal TradingPairCorr
  0.39PX P10 IncPairCorr
  0.92VRTS Virtus InvestmentPairCorr
  0.82WT WisdomTreePairCorr
  0.71WD Walker DunlopPairCorr
  0.69LGHLW Lion Financial GroupPairCorr
  0.48ECPG Encore Capital GroupPairCorr
  0.38EARN Ellington ResidentialPairCorr
  0.31SF Stifel FinancialPairCorr

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   
DTF
+ 0.44
PFH
DTF
+ 0.39
KTN
KTN
+ 0.28
PFH
KTH
+ 0.06
KTN
KTH
+ 0.05
PFH
  
High negative correlations   
GJH
- 0.36
PFH
KTH
- 0.28
GJH
GJH
- 0.23
KTN
DTF
- 0.14
GJH
DTF
- 0.07
KTH

Risk-Adjusted Indicators

There is a big difference between Dillards Stock performing well and Dillards Capital 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 Dillards Capital'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.

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