DSV AS Correlations

DS81 Stock

186.70 2.20 1.16%

The current 90-days correlation between DSV AS and Check Point Software is 0.08 (i.e., Significant diversification). The correlation of DSV AS 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.

DSV AS Correlation With Market

Modest diversification

The correlation between DSV AS and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DSV AS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to DSV AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DSV AS 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 DSV AS - 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 DSV AS to buy it.

Moving together with DSV Stock

0.63	APC	Apple Inc	Pair Corr
0.61	APC	Apple Inc	Pair Corr
0.61	APC	Apple Inc	Pair Corr
0.63	APC	Apple Inc	Pair Corr
0.64	APC	Apple Inc	Pair Corr
0.71	MSF	Microsoft	Pair Corr
0.69	MSF	Microsoft	Pair Corr
0.7	MSF	Microsoft	Pair Corr
0.68	MSF	Microsoft	Pair Corr
0.81	T9Q	TOTAL BANGUN PERSAD	Pair Corr
0.62	HX1A	HEXINDO ADIPERKASA	Pair Corr
0.67	3IB	PT Indo Tambangraya	Pair Corr
0.61	TBA	TAMBANG BATUBARA-B-	Pair Corr
0.82	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against DSV Stock

0.81	DBPE	Xtrackers LevDAX	Pair Corr
0.79	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	CPW	N0S	9D2	BSI	VHY	TSFA	TKE	XFB
CPW		0.88	0.81	-0.76	0.08	-0.36	0.78	-0.4	CPW
N0S	0.88		0.76	-0.64	0.23	-0.27	0.88	-0.25	N0S
9D2	0.81	0.76		-0.58	0.28	-0.08	0.71	-0.21	9D2
BSI	-0.76	-0.64	-0.58		-0.24	0.75	-0.64	0.64	BSI
VHY	0.08	0.23	0.28	-0.24		-0.06	0.38	0.3	VHY
TSFA	-0.36	-0.27	-0.08	0.75	-0.06		-0.34	0.58	TSFA
TKE	0.78	0.88	0.71	-0.64	0.38	-0.34		-0.18	TKE
XFB	-0.4	-0.25	-0.21	0.64	0.3	0.58	-0.18		XFB
	CPW	N0S	9D2	BSI	VHY	TSFA	TKE	XFB

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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

N0S	+ 0.88	CPW
TKE	+ 0.88	N0S
9D2	+ 0.81	CPW
TKE	+ 0.78	CPW
9D2	+ 0.76	N0S
TSFA	+ 0.75	BSI

High negative correlations

BSI	- 0.76	CPW
TKE	- 0.64	BSI
BSI	- 0.64	N0S
BSI	- 0.58	9D2
XFB	- 0.4	CPW
TSFA	- 0.36	CPW

Risk-Adjusted Indicators

There is a big difference between DSV Stock performing well and DSV AS 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 DSV AS'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
CPW	1.11	0.18	0.21	1.95	1.18	(1.28)	2.72	(2.02)	9.21
N0S	1.85	0.51	0.23	1.12	2.08	(2.00)	3.67	(4.06)	31.09
9D2	2.88	0.12	0.06	0.29	2.96	(4.23)	8.70	(5.00)	20.96
BSI	2.32	(0.25)	0.00	0.69	0.00	0.00	5.99	(5.59)	18.94
VHY	1.74	(0.09)	0.00	(0.34)	0.00	0.00	3.99	(3.37)	13.59
TSFA	2.18	(0.20)	0.00	(1.29)	0.00	0.00	4.70	(4.11)	20.67
TKE	1.33	0.05	0.12	(0.53)	1.60	(1.49)	2.76	(2.45)	20.36
XFB	2.14	(0.04)	0.00	(1.51)	0.00	0.00	4.92	(4.60)	12.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in DSV AS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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