Diego Pellicer Correlations
| DPWW Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between Diego Pellicer Worldwide and Redfin Corp is -0.19 (i.e., Good diversification). The correlation of Diego Pellicer 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.
Diego Pellicer Correlation With Market
Good diversification
The correlation between Diego Pellicer Worldwide and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diego Pellicer Worldwide and DJI in the same portfolio, assuming nothing else is changed.
Diego |
The ability to find closely correlated positions to Diego Pellicer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diego Pellicer 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 Diego Pellicer - 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 Diego Pellicer Worldwide to buy it.
Moving together with Diego Pink Sheet
| 0.61 | CLNXF | Cellnex Telecom SA | PairCorr |
| 0.61 | CLLNY | Cellnex Telecom SA | PairCorr |
| 0.67 | VLKAF | Volkswagen AG | PairCorr |
| 0.68 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.7 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.68 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.62 | DPSTF | Deutsche Post AG | PairCorr |
Moving against Diego Pink Sheet
| 0.61 | AMZN | Amazon Inc | PairCorr |
| 0.59 | WMT | Walmart | PairCorr |
| 0.53 | CBRE | CBRE Group Class | PairCorr |
| 0.42 | VTAGY | Vantage Towers AG | PairCorr |
| 0.4 | VTWRF | Vantage Towers AG | PairCorr |
| 0.7 | PRVA | Privia Health Group | PairCorr |
| 0.68 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.67 | AMCX | AMC Networks | PairCorr |
| 0.61 | RBCAA | Republic Bancorp | PairCorr |
| 0.56 | TATT | Tat Techno | PairCorr |
| 0.53 | KODK | Eastman Kodak | PairCorr |
| 0.52 | CISO | Cerberus Cyber Sentinel | PairCorr |
| 0.49 | GM | General Motors | PairCorr |
| 0.48 | CSSV | Caspian Services | PairCorr |
| 0.36 | ODC | Oil Dri | PairCorr |
| 0.67 | VCEL | Vericel Corp Ord | PairCorr |
| 0.63 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.62 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.59 | MCY | Mercury General | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Diego Pink Sheet performing well and Diego Pellicer 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 Diego Pellicer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RDFN | 3.27 | (0.62) | 0.00 | (0.30) | 0.00 | 6.55 | 22.32 | |||
| OPAD | 4.62 | (0.23) | 0.00 | (0.08) | 0.00 | 9.19 | 28.99 | |||
| WE | 5.56 | (0.56) | 0.00 | 1.99 | 0.00 | 11.76 | 35.71 | |||
| EXPI | 1.99 | (0.20) | 0.00 | (0.15) | 0.00 | 4.22 | 15.36 | |||
| OMH | 4.59 | (0.06) | 0.00 | (0.30) | 0.00 | 10.26 | 37.96 |
Be your own money manager
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