Donnelley Financial Correlations

DFIN Stock  USD 60.25  0.40  0.67%   
The current 90-days correlation between Donnelley Financial and Oppenheimer Holdings is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Donnelley Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Donnelley Financial Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Donnelley Financial Correlation With Market

Very weak diversification

The correlation between Donnelley Financial Solutions and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Donnelley Financial Solutions 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 Donnelley Financial Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Donnelley Stock

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Moving against Donnelley Stock

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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   
PIPRPWP
HLIPWP
PJTHLI
HLIPIPR
PJTPIPR
PJTPWP
  
High negative correlations   
SF-PCOPY
HLISF-PC
SF-PCPWP
PJTSF-PC
PIPRSF-PC
MFHSRL

Risk-Adjusted Indicators

There is a big difference between Donnelley Stock performing well and Donnelley Financial 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 Donnelley Financial'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRL  1.78 (0.15) 0.00 (0.26) 0.00 
 3.76 
 15.25 
MFH  9.41  2.94  0.36  0.78  7.38 
 26.81 
 115.89 
HGBL  2.01  0.02 (0.03) 0.24  2.53 
 4.27 
 13.10 
OPY  1.27  0.14  0.10  0.27  0.94 
 2.58 
 13.50 
PWP  1.96  0.04  0.15  0.14  1.72 
 3.77 
 22.05 
SF-PC  0.60 (0.01)(0.15) 0.05  0.74 
 1.71 
 3.98 
PIPR  1.50  0.05  0.19  0.14  1.17 
 3.07 
 22.79 
SF-PB  0.33  0.04 (0.23) 31.80  0.28 
 0.68 
 2.21 
HLI  1.24  0.11  0.14  0.19  1.04 
 2.31 
 12.41 
PJT  1.50  0.16  0.28  0.19  0.90 
 3.55 
 18.44