DBS GROUP Correlations

DEVL Stock  EUR 30.80  0.17  0.56%   
The correlation of DBS GROUP 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.

DBS GROUP Correlation With Market

Significant diversification

The correlation between DBS GROUP HLDGS and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DBS GROUP HLDGS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to DBS GROUP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DBS GROUP 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 DBS GROUP - 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 DBS GROUP HLDGS to buy it.

Moving together with DBS Stock

  0.61DBPE Xtrackers LevDAXPairCorr
  0.69E908 Lyxor 1PairCorr

Moving against DBS Stock

  0.58DBPD Xtrackers ShortDAXPairCorr
  0.57PQ9 BANK MANDIRIPairCorr
  0.55BZG2 BANK CENTRAL ASIAPairCorr
  0.51PQ9 PT Bank MandiriPairCorr
  0.48PQ9 BANK MANDIRIPairCorr
  0.47BYRA BANK RAKYAT INDPairCorr
  0.46BZG2 BANK CENTRAL ASIAPairCorr
  0.42MSF MicrosoftPairCorr
  0.41MSF MicrosoftPairCorr
  0.41MSF MicrosoftPairCorr
  0.41MSF MicrosoftPairCorr
  0.41MSF MicrosoftPairCorr
  0.4BYRA PT Bank RakyatPairCorr
  0.33PQ9 BANK MANDIRIPairCorr

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   
ISHAGRU
SMAGRU
M8GGRU
M8GG7W
ISHANU42
NU42GRU
  
High negative correlations   
SC3GRU
ISHASC3
SMASC3
SC3G7W
NU42SC3
SC3M8G

Risk-Adjusted Indicators

There is a big difference between DBS Stock performing well and DBS GROUP 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 DBS GROUP'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 DBS GROUP 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?

Run Commodity Directory Now

   

Commodity Directory

Find actively traded commodities issued by global exchanges
All  Next Launch Module