Dowlais Group Correlations

DWLAF Stock

0.73 0.04 5.80%

The current 90-days correlation between Dowlais Group plc and Legacy Education is 0.07 (i.e., Significant diversification). The correlation of Dowlais Group 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.

Dowlais Group Correlation With Market

Good diversification

The correlation between Dowlais Group plc and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dowlais Group plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dowlais Pink Sheet

0.63	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.68	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against Dowlais Pink Sheet

0.89	NVDA	NVIDIA Aggressive Push	Pair Corr
0.87	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.76	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.75	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.74	BMYMP	Bristol Myers Squibb	Pair Corr
0.74	JXN-PA	Jackson Financial	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.7	AXP	American Express Sell-off Trend	Pair Corr
0.65	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.64	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.58	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.55	MET	MetLife	Pair Corr
0.55	HD	Home Depot	Pair Corr
0.53	META	Meta Platforms Aggressive Push	Pair Corr
0.38	AAPL	Apple Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META
LGCY		-0.11	-0.39	0.09	0.0	0.09	-0.4	-0.58	LGCY
AAPL	-0.11		0.52	0.3	0.39	0.44	0.34	0.61	AAPL
NVDA	-0.39	0.52		0.08	0.74	0.71	0.82	0.71	NVDA
MSFT	0.09	0.3	0.08		0.32	-0.16	0.11	0.27	MSFT
AMZN	0.0	0.39	0.74	0.32		0.7	0.82	0.53	AMZN
BMYMP	0.09	0.44	0.71	-0.16	0.7		0.6	0.29	BMYMP
GOOG	-0.4	0.34	0.82	0.11	0.82	0.6		0.68	GOOG
META	-0.58	0.61	0.71	0.27	0.53	0.29	0.68		META
	LGCY	AAPL	NVDA	MSFT	AMZN	BMYMP	GOOG	META

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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

GOOG	+ 0.82	NVDA
GOOG	+ 0.82	AMZN
AMZN	+ 0.74	NVDA
BMYMP	+ 0.71	NVDA
META	+ 0.71	NVDA
BMYMP	+ 0.7	AMZN

High negative correlations

META	- 0.58	LGCY
GOOG	- 0.4	LGCY
NVDA	- 0.39	LGCY
BMYMP	- 0.16	MSFT
AAPL	- 0.11	LGCY
AMZN	- 0.0	LGCY

Risk-Adjusted Indicators

There is a big difference between Dowlais Pink Sheet performing well and Dowlais Group 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 Dowlais Group'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
LGCY	3.53	1.47	0.32	3.69	3.23	(4.39)	10.85	(6.33)	23.24
AAPL	0.92	0.04	(0.01)	0.20	1.21	(0.94)	1.84	(2.25)	6.62
NVDA	2.06	0.15	0.06	0.22	2.78	(2.07)	4.07	(4.18)	12.87
MSFT	0.91	(0.02)	(0.03)	0.07	1.47	(0.87)	2.09	(1.85)	8.19
AMZN	1.41	0.16	0.10	0.25	1.54	(1.53)	2.77	(3.06)	10.38
BMYMP	1.42	0.32	0.03	(8.19)	1.83	(2.78)	3.82	(4.97)	21.01
GOOG	1.17	0.00	(0.01)	0.11	1.80	(1.02)	2.21	(2.47)	8.60
META	1.16	0.19	0.09	0.40	1.36	(1.30)	3.22	(3.15)	8.02

Dowlais Group 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 Dowlais Group pink sheet to make a market-neutral strategy. Peer analysis of Dowlais Group could also be used in its relative valuation, which is a method of valuing Dowlais Group by comparing valuation metrics with similar companies.

Legacy Education Apple Inc NVIDIA Microsoft Amazon Inc Bristol Myers Squibb Alphabet Inc Class C Meta Platforms American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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