Delivery Hero Correlations

DELHY Stock

USD 2.57 0.17 7.08%

The current 90-days correlation between Delivery Hero SE and Monotaro Co is -0.03 (i.e., Good diversification). The correlation of Delivery Hero 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.

Delivery Hero Correlation With Market

Weak diversification

The correlation between Delivery Hero SE 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 Delivery Hero SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Delivery Hero could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delivery Hero 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 Delivery Hero - 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 Delivery Hero SE to buy it.

Moving against Delivery Pink Sheet

0.31	SSNLF	Samsung Electronics	Pair Corr
0.36	MMM	3M Company	Pair Corr
0.35	TOI	Oncology Institute Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MONOY	PXHI	DIBS	NHTC	EMCMF	LQDT	W	RKUNY	TDUP
MONOY		0.27	-0.03	0.32	-0.39	-0.35	-0.21	0.45	0.34	MONOY
PXHI	0.27		-0.41	0.44	-0.27	-0.41	-0.71	0.26	0.42	PXHI
DIBS	-0.03	-0.41		-0.08	-0.01	0.55	0.67	0.39	0.23	DIBS
NHTC	0.32	0.44	-0.08		0.17	-0.1	-0.5	0.52	0.79	NHTC
EMCMF	-0.39	-0.27	-0.01	0.17		0.6	0.2	0.1	0.29	EMCMF
LQDT	-0.35	-0.41	0.55	-0.1	0.6		0.72	0.26	0.19	LQDT
W	-0.21	-0.71	0.67	-0.5	0.2	0.72		0.01	-0.26	W
RKUNY	0.45	0.26	0.39	0.52	0.1	0.26	0.01		0.76	RKUNY
TDUP	0.34	0.42	0.23	0.79	0.29	0.19	-0.26	0.76		TDUP
	MONOY	PXHI	DIBS	NHTC	EMCMF	LQDT	W	RKUNY	TDUP

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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

TDUP	+ 0.79	NHTC
TDUP	+ 0.76	RKUNY
W	+ 0.72	LQDT
W	+ 0.67	DIBS
LQDT	+ 0.6	EMCMF
LQDT	+ 0.55	DIBS

High negative correlations

W	- 0.71	PXHI
W	- 0.5	NHTC
LQDT	- 0.41	PXHI
DIBS	- 0.41	PXHI
EMCMF	- 0.39	MONOY
LQDT	- 0.35	MONOY

Risk-Adjusted Indicators

There is a big difference between Delivery Pink Sheet performing well and Delivery Hero 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 Delivery Hero'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
MONOY	1.70	0.05	0.05	0.18	1.94	(2.05)	4.52	(3.29)	11.78
PXHI	3.45	0.63	0.10	(0.55)	3.41	(12.11)	10.40	(7.41)	63.38
DIBS	1.98	(0.25)	0.00	(0.41)	0.00	0.00	3.06	(4.76)	12.98
NHTC	2.10	0.44	0.17	1.29	2.48	(2.29)	5.20	(4.24)	12.97
EMCMF	8.93	3.89	0.00	0.86	0.00	0.00	0.00	0.00	358.41
LQDT	2.05	(0.04)	0.00	(0.09)	0.00	0.00	3.94	(5.65)	11.31
W	3.08	(0.45)	0.00	(0.27)	0.00	0.00	5.77	(7.62)	17.27
RKUNY	1.88	0.14	0.06	0.18	2.54	(2.21)	5.22	(3.07)	16.81
TDUP	4.63	1.24	0.24	0.40	3.95	(5.65)	10.64	(6.84)	53.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Delivery Hero 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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Delivery Hero Corporate Management

Christoph Bast	Head Relations	Profile
Christian Hardenberg	Chief Officer	Profile
Bodo Braunmhl	Head Communications	Profile
Ana Mitrasevic	VP People	Profile
Julia Stoetzel	Director Relations	Profile
Niklas Oestberg	MD, CoFounder	Profile
Jose Calderon	Chief Domicilios	Profile

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