01 Communique Correlations

DFK Stock

EUR 0.19 0.04 26.67%

The current 90-days correlation between 01 Communique Laboratory and Intuit Inc is 0.07 (i.e., Significant diversification). The correlation of 01 Communique 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.

01 Communique Correlation With Market

Good diversification

The correlation between 01 Communique Laboratory and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 01 Communique Laboratory and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 01 Communique could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 01 Communique 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 01 Communique - 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 01 Communique Laboratory to buy it.

Moving together with DFK Stock

0.63	D2V	PARKEN Sport Enterta	Pair Corr
0.62	VAI	Vail Resorts	Pair Corr
0.7	C6TB	CHINA BANK ADR20	Pair Corr
0.68	AZ5	AutoZone	Pair Corr

Moving against DFK Stock

0.66	PQ9	BANK MANDIRI	Pair Corr
0.64	PQ9	BANK MANDIRI	Pair Corr
0.63	PQ9	PT Bank Mandiri	Pair Corr
0.62	PQ9	BANK MANDIRI	Pair Corr
0.52	BYRA	BANK RAKYAT IND	Pair Corr
0.52	BYRA	PT Bank Rakyat	Pair Corr
0.52	BYRA	BANK RAKYAT IND	Pair Corr
0.5	BYRA	PT Bank Rakyat	Pair Corr
0.31	BZG2	BANK CENTRAL ASIA	Pair Corr
0.52	AXI	Atos SE	Pair Corr
0.41	BZG2	BANK CENTRAL ASIA	Pair Corr
0.35	VAR1	Varta AG	Pair Corr

Related Correlations Analysis

	ITU	5AP	SYP	CDS	DSY	FO8	AUD	AKX	096
ITU		0.83	0.66	0.84	-0.29	0.87	0.84	0.83	0.85	ITU
5AP	0.83		0.73	0.85	-0.45	0.92	0.93	0.92	0.89	5AP
SYP	0.66	0.73		0.77	-0.49	0.66	0.7	0.79	0.69	SYP
CDS	0.84	0.85	0.77		-0.28	0.9	0.84	0.92	0.95	CDS
DSY	-0.29	-0.45	-0.49	-0.28		-0.27	-0.48	-0.39	-0.25	DSY
FO8	0.87	0.92	0.66	0.9	-0.27		0.88	0.95	0.97	FO8
AUD	0.84	0.93	0.7	0.84	-0.48	0.88		0.91	0.89	AUD
AKX	0.83	0.92	0.79	0.92	-0.39	0.95	0.91		0.95	AKX
096	0.85	0.89	0.69	0.95	-0.25	0.97	0.89	0.95		096
	ITU	5AP	SYP	CDS	DSY	FO8	AUD	AKX	096

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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

096	+ 0.97	FO8
096	+ 0.95	CDS
AKX	+ 0.95	FO8
096	+ 0.95	AKX
AUD	+ 0.93	5AP
FO8	+ 0.92	5AP

High negative correlations

DSY	- 0.49	SYP
AUD	- 0.48	DSY
DSY	- 0.45	5AP
AKX	- 0.39	DSY
DSY	- 0.29	ITU
DSY	- 0.28	CDS

Risk-Adjusted Indicators

There is a big difference between DFK Stock performing well and 01 Communique 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 01 Communique'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
ITU	1.34	0.08	0.03	0.16	1.80	(1.42)	3.42	(3.10)	13.61
5AP	1.52	0.21	0.10	0.25	1.90	(1.56)	2.81	(3.81)	11.68
SYP	1.70	0.03	0.01	0.06	2.80	(1.89)	4.03	(2.70)	21.08
CDS	1.65	0.24	0.10	0.58	2.04	(1.69)	3.41	(3.07)	9.77
DSY	1.28	(0.14)	0.00	(0.44)	0.00	0.00	2.94	(2.47)	7.43
FO8	1.48	0.44	0.28	0.60	1.20	(1.78)	3.63	(2.28)	14.29
AUD	1.24	0.25	0.12	0.39	1.82	(1.35)	2.86	(2.10)	13.00
AKX	1.16	0.18	0.11	0.94	1.16	(1.31)	2.44	(1.74)	8.62
096	1.62	0.55	0.32	0.92	1.14	(1.91)	4.32	(2.52)	13.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in 01 Communique 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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