Deluxe Correlations

DLX Stock

USD 16.04 0.20 1.26%

The current 90-days correlation between Deluxe and Criteo Sa is 0.03 (i.e., Significant diversification). The correlation of Deluxe 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.

Deluxe Correlation With Market

Very weak diversification

The correlation between Deluxe and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deluxe 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 Deluxe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Deluxe Stock please use our How to Invest in Deluxe guide.

Moving together with Deluxe Stock

0.96	BV	BrightView Holdings	Pair Corr
0.68	FA	First Advantage Corp	Pair Corr
0.69	FC	Franklin Covey Earnings Call Next Week	Pair Corr
0.77	NL	NL Industries	Pair Corr
0.97	DLHC	DLH Holdings Corp	Pair Corr
0.8	VCIG	VCI Global Limited	Pair Corr
0.79	VLTO	Veralto	Pair Corr
0.86	EXPO	Exponent	Pair Corr
0.86	AXR	AMREP	Pair Corr
0.74	BRC	Brady	Pair Corr
0.88	BTM	Bitcoin Depot	Pair Corr
0.71	CIX	CompX International	Pair Corr
0.95	FORR	Forrester Research	Pair Corr
0.87	CLH	Clean Harbors	Pair Corr
0.79	CXW	CoreCivic	Pair Corr
0.95	DNB	Dun Bradstreet Holdings	Pair Corr
0.79	EFX	Equifax	Pair Corr

Moving against Deluxe Stock

0.84	KC	Kingsoft Cloud Holdings Earnings Call This Week	Pair Corr
0.77	G	Genpact Limited	Pair Corr
0.77	WM	Waste Management	Pair Corr
0.73	LZ	LegalZoom	Pair Corr
0.73	VRSK	Verisk Analytics	Pair Corr
0.53	MG	Mistras Group	Pair Corr
0.42	ESGL	ESGL Holdings Limited	Pair Corr
0.39	VSEC	VSE Corporation	Pair Corr
0.34	BR	Broadridge Financial	Pair Corr
0.89	GDS	GDS Holdings Earnings Call This Week	Pair Corr
0.62	KAR	KAR Auction Services	Pair Corr
0.56	GFL	Gfl Environmental	Pair Corr
0.39	EBF	Ennis Inc	Pair Corr

Related Correlations Analysis

	CRTO	EEX	MCHX	IAS	CMPR	CTV	OMC	WPP	ADTH
CRTO		0.36	0.21	0.68	0.17	-0.42	0.2	0.68	0.0	CRTO
EEX	0.36		0.07	0.41	0.92	-0.43	0.64	0.73	0.0	EEX
MCHX	0.21	0.07		0.24	0.18	-0.51	0.43	0.32	0.0	MCHX
IAS	0.68	0.41	0.24		0.31	-0.34	0.44	0.61	0.0	IAS
CMPR	0.17	0.92	0.18	0.31		-0.57	0.75	0.7	0.0	CMPR
CTV	-0.42	-0.43	-0.51	-0.34	-0.57		-0.64	-0.7	0.0	CTV
OMC	0.2	0.64	0.43	0.44	0.75	-0.64		0.69	0.0	OMC
WPP	0.68	0.73	0.32	0.61	0.7	-0.7	0.69		0.0	WPP
ADTH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ADTH
	CRTO	EEX	MCHX	IAS	CMPR	CTV	OMC	WPP	ADTH

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

CMPR	+ 0.92	EEX
OMC	+ 0.75	CMPR
WPP	+ 0.73	EEX
WPP	+ 0.7	CMPR
WPP	+ 0.69	OMC
IAS	+ 0.68	CRTO

High negative correlations

WPP	- 0.7	CTV
OMC	- 0.64	CTV
CTV	- 0.57	CMPR
CTV	- 0.51	MCHX
CTV	- 0.43	EEX
CTV	- 0.42	CRTO

Risk-Adjusted Indicators

There is a big difference between Deluxe Stock performing well and Deluxe 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 Deluxe'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
CRTO	1.74	(0.03)	0.00	(0.13)	0.00	0.00	2.96	(3.55)	22.21
EEX	1.31	(0.11)	0.00	(0.20)	0.00	0.00	1.91	(3.12)	7.32
MCHX	1.96	(0.01)	0.00	(0.12)	0.00	0.00	3.29	(3.94)	12.25
IAS	1.46	(0.17)	0.00	(0.29)	0.00	0.00	1.95	(3.51)	14.44
CMPR	2.08	(0.87)	0.00	(1.25)	0.00	0.00	3.96	(5.34)	11.06
CTV	2.71	1.21	0.39	0.49	1.18	(4.89)	1.33	(4.81)	88.33
OMC	1.19	(0.27)	0.00	(0.51)	0.00	0.00	1.91	(2.47)	10.25
WPP	1.37	(0.39)	0.00	(0.67)	0.00	0.00	2.54	(2.71)	18.63
ADTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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