Deutsche Post Correlations

DHL Stock   42.72  1.29  3.11%   
The current 90-days correlation between Deutsche Post AG and REVO INSURANCE SPA is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Deutsche Post moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deutsche Post AG moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Deutsche Post Correlation With Market

Average diversification

The correlation between Deutsche Post AG and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Post AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Deutsche Post could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deutsche Post 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 Deutsche Post - 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 Deutsche Post AG to buy it.

Moving together with Deutsche Stock

  0.62E908 Lyxor 1PairCorr
  0.77DBPE Xtrackers LevDAXPairCorr

Moving against Deutsche Stock

  0.83MSF MicrosoftPairCorr
  0.83MSF MicrosoftPairCorr
  0.83MSF MicrosoftPairCorr
  0.82MSF MicrosoftPairCorr
  0.78DBPD Xtrackers ShortDAXPairCorr
  0.64APC Apple IncPairCorr
  0.63APC Apple IncPairCorr
  0.62APC Apple IncPairCorr
  0.61APC Apple IncPairCorr
  0.61APC Apple IncPairCorr
  0.58APC Apple IncPairCorr
  0.4VMR1 Value Management ResearchPairCorr

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   
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1ZOBH5
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1ZOCMR
  
High negative correlations   
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18MBH5
18MCMR
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1ZO18M
18MPZX

Risk-Adjusted Indicators

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

Deutsche Post Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Deutsche Post stock to make a market-neutral strategy. Peer analysis of Deutsche Post could also be used in its relative valuation, which is a method of valuing Deutsche Post by comparing valuation metrics with similar companies.
 Risk & Return  Correlation