Dentsu Correlations

Stocks . Germany . 
Stock . Dentsu Group
DEN Stock  EUR 23.80  0.20  0.85%   
The current 90-days correlation between Dentsu Group and Omnicom Group is 0.2 (i.e., Modest diversification). The correlation of Dentsu 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.

Dentsu Correlation With Market

Significant diversification

The correlation between Dentsu Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dentsu Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Dentsu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dentsu 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 Dentsu - 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 Dentsu Group to buy it.

Moving together with Dentsu Stock

  0.7DCS JCDecaux SAPairCorr
  0.76SAX Strer SEPairCorr
  0.64VOWB VOLKSWAGEN AG VZPairCorr
  0.64VOW3 Volkswagen AG VZOPairCorr
  0.65VOW3 Volkswagen AGPairCorr
  0.66VOW Volkswagen AGPairCorr
  0.64LHL1 Lenovo Group LimitedPairCorr

Moving against Dentsu Stock

  0.76WMT WalmartPairCorr
  0.75WMT WalmartPairCorr
  0.6AMZ Amazon IncPairCorr
  0.6AMZ Amazon IncPairCorr
  0.510WP WPP PLCPairCorr
  0.490WPA WPP PLC ADRPairCorr
  0.39CSA Accenture plcPairCorr
  0.35CL2 CyberAgentPairCorr
  0.33PU4 Publicis Groupe SAPairCorr
  0.78MNL Gruppo Mutuionline SpAPairCorr
  0.74TLX Talanx AGPairCorr
  0.71BKJ Brinker InternationalPairCorr
  0.72KD Kinder MorganPairCorr
  0.64APC Apple IncPairCorr
  0.63EM4 EMCOR GroupPairCorr
  0.61MTLA Motorola SolutionsPairCorr
  0.46XGH ENN Energy HoldingsPairCorr
  0.39CNN1 Canon IncPairCorr
  0.35TC7 TIANDE CHEMICALPairCorr
  0.82DGS Envela CorpPairCorr
  0.784GNB Wal Mart dePairCorr
  0.74ONK ONEOK IncPairCorr
  0.74CCJ Cincinnati 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   
0WPA
+ 0.99
0WP
SAX
+ 0.96
DCS
0WP
+ 0.77
PU4
0WPA
+ 0.77
PU4
CL2
+ 0.61
PU4
CL2
+ 0.45
0WP
  
High negative correlations   
DCS
- 0.85
0WPA
DCS
- 0.84
0WP
SAX
- 0.8
0WPA
SAX
- 0.8
0WP
SAX
- 0.62
PU4
DCS
- 0.58
PU4

Risk-Adjusted Indicators

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

Be your own money manager

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

Elected by the shareholders, the Dentsu's board of directors comprises two types of representatives: Dentsu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dentsu. The board's role is to monitor Dentsu's management team and ensure that shareholders' interests are well served. Dentsu'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, Dentsu's outside directors are responsible for providing unbiased perspectives on the board's policies.
Takaki HibinoEx OfficerProfile
Yuya FurukawaChief OfficerProfile
Hiroshi IgarashiCEO PresProfile
Nick PridayEx DirectorProfile
Kate StewartHead RelationsProfile
Arinobu SogaCFO VPProfile
Norihiro KuretaniEx DirectorProfile
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