Dentsu Correlations
| DNTUF Stock | USD 26.39 0.00 0.00% |
The current 90-days correlation between Dentsu Inc and INEO Tech Corp is -0.11 (i.e., Good diversification). The correlation of Dentsu 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.
Dentsu Correlation With Market
Average diversification
The correlation between Dentsu Inc and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dentsu Inc and DJI in the same portfolio, assuming nothing else is changed.
Dentsu |
The ability to find closely correlated positions to Dentsu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dentsu 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 Dentsu - 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 Dentsu Inc to buy it.
Moving against Dentsu Pink Sheet
| 0.5 | DNTUY | Dentsu Inc ADR | PairCorr |
| 0.49 | JCDXF | JCDecaux SA | PairCorr |
| 0.45 | JXN-PA | Jackson Financial | PairCorr |
| 0.44 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.36 | PTAIF | PT Astra International | PairCorr |
| 0.35 | SSNLF | Samsung Electronics | PairCorr |
| 0.34 | WPPGF | WPP plc | PairCorr |
| 0.31 | WPP | WPP PLC ADR | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dentsu Pink Sheet performing well and Dentsu 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 Dentsu'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INEOF | 2.11 | 0.10 | 0.00 | 0.19 | 0.00 | 0.69 | 79.58 | |||
| MCHX | 2.48 | (0.16) | 0.00 | (0.35) | 0.00 | 6.21 | 16.97 | |||
| SNIPF | 5.05 | 0.87 | 0.11 | (0.46) | 4.67 | 12.73 | 43.58 | |||
| EEX | 3.05 | (0.15) | 0.00 | (0.06) | 0.00 | 4.44 | 36.80 |
Dentsu 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 Dentsu pink sheet to make a market-neutral strategy. Peer analysis of Dentsu could also be used in its relative valuation, which is a method of valuing Dentsu by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dentsu Corporate Management
| Takaki Hibino | Executive Officer | Profile | |
| Yuya Furukawa | Chief Officer | Profile | |
| Hiroshi Igarashi | Executive Officer | Profile | |
| Nick Priday | Executive Officer | Profile | |
| Kate Stewart | Head Relations | Profile | |
| Arinobu Soga | Executive Officer | Profile | |
| Norihiro Kuretani | Executive Officer | Profile |