Big Tree Correlations

DSYWW Stock

0.02 0.0007 3.07%

The current 90-days correlation between Big Tree Cloud and Topbuild Corp is 0.26 (i.e., Modest diversification). The correlation of Big Tree 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.

Big Tree Correlation With Market

Significant diversification

The correlation between Big Tree Cloud and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Big Tree Cloud 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 Big Tree Cloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Big Stock

0.61	VERU	Veru Inc	Pair Corr
0.62	DSY	Big Tree Cloud	Pair Corr

Moving against Big Stock

0.61	UL	Unilever PLC ADR	Pair Corr
0.61	KMB	Kimberly Clark	Pair Corr
0.61	ODC	Oil Dri	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.49	CHD	Church Dwight	Pair Corr
0.43	GROV	Virgin Group Acquisition	Pair Corr
0.42	YSG	Yatsen Holding	Pair Corr
0.34	NUS	Nu Skin Enterprises Downward Rally	Pair Corr
0.33	CL	Colgate Palmolive	Pair Corr
0.31	HLF	Herbalife Nutrition Buyout Trend	Pair Corr
0.31	PHH	Park Ha Biological Trending	Pair Corr
0.65	KR	Kroger Company	Pair Corr
0.64	MO	Altria Group	Pair Corr
0.6	BJ	BJs Wholesale Club	Pair Corr
0.6	PM	Philip Morris Intern	Pair Corr
0.57	KO	Coca Cola	Pair Corr
0.49	DG	Dollar General	Pair Corr
0.46	KVUE	Kenvue Inc Aggressive Push	Pair Corr
0.45	K	Kellanova	Pair Corr
0.36	NHTC	Natural Health Trend	Pair Corr

Related Correlations Analysis

	BLD	PSFE	VMI	NOW	VCSA	ALNT	ANY	MTH
BLD		0.46	0.17	0.71	-0.02	0.53	0.61	0.82	BLD
PSFE	0.46		0.43	0.36	0.2	0.55	0.13	0.14	PSFE
VMI	0.17	0.43		-0.18	0.44	0.52	-0.36	-0.03	VMI
NOW	0.71	0.36	-0.18		-0.5	0.4	0.89	0.77	NOW
VCSA	-0.02	0.2	0.44	-0.5		0.13	-0.59	-0.4	VCSA
ALNT	0.53	0.55	0.52	0.4	0.13		0.29	0.36	ALNT
ANY	0.61	0.13	-0.36	0.89	-0.59	0.29		0.76	ANY
MTH	0.82	0.14	-0.03	0.77	-0.4	0.36	0.76		MTH
	BLD	PSFE	VMI	NOW	VCSA	ALNT	ANY	MTH

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

ANY	+ 0.89	NOW
MTH	+ 0.82	BLD
MTH	+ 0.77	NOW
MTH	+ 0.76	ANY
NOW	+ 0.71	BLD
ANY	+ 0.61	BLD

High negative correlations

ANY	- 0.59	VCSA
VCSA	- 0.5	NOW
MTH	- 0.4	VCSA
ANY	- 0.36	VMI
NOW	- 0.18	VMI
MTH	- 0.03	VMI

Risk-Adjusted Indicators

There is a big difference between Big Stock performing well and Big Tree 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 Big Tree'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
BLD	1.53	(0.13)	0.00	(0.19)	0.00	0.00	3.23	(3.75)	11.12
PSFE	2.61	0.09	0.00	(0.02)	0.00	0.00	4.11	(5.69)	35.03
VMI	1.56	0.09	0.05	0.01	1.85	(1.75)	2.59	(3.71)	21.38
NOW	1.81	(0.38)	0.00	(0.37)	0.00	0.00	2.61	(4.82)	14.05
VCSA	2.12	0.36	0.13	0.84	2.46	(2.90)	4.72	(5.88)	31.66
ALNT	2.14	(0.12)	0.00	(0.88)	0.00	0.00	4.57	(4.50)	16.53
ANY	3.46	(1.37)	0.00	(1.53)	0.00	0.00	6.86	(7.69)	18.19
MTH	1.68	(0.22)	0.00	(0.28)	0.00	0.00	2.80	(3.81)	8.89

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