Deutsche Post Correlations

DHL Stock

41.06 0.11 0.27%

The current 90-days correlation between Deutsche Post AG and American Airlines Group is -0.22 (i.e., Very good diversification). The correlation of Deutsche Post 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Deutsche Post Correlation With Market

Significant diversification

The correlation between Deutsche Post AG 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 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

0.91	JYS1	JYSKE BANK	Pair Corr
0.91	BSN	Danone SA	Pair Corr
0.66	T62	TOHO ZINC LTD	Pair Corr
0.61	TLLB	Trelleborg AB	Pair Corr
0.79	3RE	Rejlerkoncernen AB	Pair Corr
0.93	TKA	thyssenkrupp AG	Pair Corr
0.88	5TP	BLUE LABEL	Pair Corr
0.77	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Deutsche Stock

0.89	MSF	Microsoft	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.79	DBPD	Xtrackers ShortDAX	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.74	APC	Apple Inc	Pair Corr
0.74	APC	Apple Inc	Pair Corr
0.73	APC	Apple Inc	Pair Corr
0.67	APC	Apple Inc	Pair Corr
0.35	T9V	TASTY PLC LS	Pair Corr

Related Correlations Analysis

	A1G	I8M	INR	N5A	TG9	CE1	FDU	SIA1
A1G		-0.57	0.41	0.0	0.82	0.65	0.86	-0.57	A1G
I8M	-0.57		0.16	0.0	-0.37	-0.06	-0.71	0.49	I8M
INR	0.41	0.16		0.0	0.3	0.74	0.21	0.03	INR
N5A	0.0	0.0	0.0		0.0	0.0	0.0	0.0	N5A
TG9	0.82	-0.37	0.3	0.0		0.62	0.63	-0.7	TG9
CE1	0.65	-0.06	0.74	0.0	0.62		0.34	-0.43	CE1
FDU	0.86	-0.71	0.21	0.0	0.63	0.34		-0.39	FDU
SIA1	-0.57	0.49	0.03	0.0	-0.7	-0.43	-0.39		SIA1
	A1G	I8M	INR	N5A	TG9	CE1	FDU	SIA1

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

FDU	+ 0.86	A1G
TG9	+ 0.82	A1G
CE1	+ 0.74	INR
CE1	+ 0.65	A1G
FDU	+ 0.63	TG9
CE1	+ 0.62	TG9

High negative correlations

FDU	- 0.71	I8M
SIA1	- 0.7	TG9
SIA1	- 0.57	A1G
I8M	- 0.57	A1G
SIA1	- 0.43	CE1
SIA1	- 0.39	FDU

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
A1G	2.27	(0.63)	0.00	(0.90)	0.00	0.00	3.92	(4.44)	18.23
I8M	1.47	0.24	0.14	0.64	1.64	(1.67)	3.25	(2.52)	9.11
INR	1.92	(0.02)	0.00	(0.39)	0.00	0.00	3.65	(3.87)	15.81
N5A	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TG9	1.82	(0.08)	0.00	(0.20)	0.00	0.00	3.82	(5.23)	11.64
CE1	1.37	(0.19)	0.00	(1.95)	0.00	0.00	2.25	(3.39)	9.14
FDU	2.70	(0.80)	0.00	(2.08)	0.00	0.00	4.95	(5.74)	22.88
SIA1	0.73	0.04	0.07	0.36	0.86	(0.82)	1.71	(1.31)	4.82

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.

American Airlines Group Sims Metal Management International Consolidated Airlines Nok Airlines PCL Cleanaway Waste Management Perdoceo Education Commercial Vehicle Group SINGAPORE AIRLINES American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC