Deutsche Wohnen Correlations
| DWNI Stock | EUR 23.30 0.30 1.30% |
The current 90-days correlation between Deutsche Wohnen SE and Longfor Group Holdings is 0.07 (i.e., Significant diversification). The correlation of Deutsche Wohnen 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.
Deutsche Wohnen Correlation With Market
Average diversification
The correlation between Deutsche Wohnen SE and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Wohnen SE and DJI in the same portfolio, assuming nothing else is changed.
Deutsche |
The ability to find closely correlated positions to Deutsche Wohnen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deutsche Wohnen 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 Deutsche Wohnen - 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 Deutsche Wohnen SE to buy it.
Moving together with Deutsche Stock
| 0.65 | MFU | Mitsui Fudosan | PairCorr |
| 0.63 | MES | Mitsubishi Estate | PairCorr |
| 0.65 | 0KJ | ABERFORTH SMCOS TRLS | PairCorr |
Moving against Deutsche Stock
| 0.57 | SNO | Sino Land | PairCorr |
| 0.55 | HLH | Hongkong Land Holdings | PairCorr |
| 0.32 | U9O0 | OAKRIDGE INTERNATIONAL | PairCorr |
| 0.54 | GMS1 | ImagineAR | PairCorr |
| 0.43 | MAQ | Marriott International | PairCorr |
| 0.42 | BLQA | BlackRock | PairCorr |
| 0.42 | J7Z | Jazz Pharmaceuticals plc | PairCorr |
| 0.39 | GTX | Gentex | PairCorr |
| 0.32 | WN3 | WOOLWORTHS HLDGS | PairCorr |
| 0.32 | 8CF | CLOUDFLARE INC A | PairCorr |
| 0.65 | NOAA | Nokia | PairCorr |
| 0.57 | G6G | GrafTech International | PairCorr |
| 0.5 | WD1 | WD 40 CO | PairCorr |
| 0.49 | BKJ | Brinker International | 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 Deutsche Stock performing well and Deutsche Wohnen 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 Deutsche Wohnen'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHG | 1.79 | 0.50 | 0.30 | 1.04 | 1.19 | 3.24 | 33.78 | |||
| CPP | 3.22 | 0.31 | 0.06 | (0.76) | 3.96 | 8.77 | 33.86 | |||
| 18V | 5.68 | 0.88 | 0.13 | 1.73 | 6.07 | 11.84 | 78.55 | |||
| RLF | 5.00 | 0.67 | 0.10 | (2.42) | 5.44 | 12.12 | 54.97 | |||
| MFU | 1.07 | (0.20) | 0.00 | (0.55) | 0.00 | 1.79 | 12.36 | |||
| MES | 1.53 | (0.10) | 0.00 | 1.29 | 0.00 | 2.80 | 7.66 | |||
| DWH | 1.03 | 0.01 | 0.00 | 0.04 | 1.04 | 2.14 | 6.74 | |||
| SNO | 2.69 | 1.04 | 0.37 | 7.15 | 1.61 | 3.70 | 58.99 | |||
| HLH | 2.09 | 0.38 | 0.16 | (0.79) | 1.71 | 5.69 | 17.51 | |||
| DWNI | 1.21 | (0.19) | 0.00 | (0.65) | 0.00 | 2.29 | 10.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Deutsche Wohnen 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.Did you try this?
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Deutsche Wohnen Corporate Management
Elected by the shareholders, the Deutsche Wohnen's board of directors comprises two types of representatives: Deutsche Wohnen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deutsche. The board's role is to monitor Deutsche Wohnen's management team and ensure that shareholders' interests are well served. Deutsche Wohnen's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Deutsche Wohnen's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lars BA | CoCEO Board | Profile | |
| Andrea Frese | Head Relations | Profile | |
| Olaf Weber | CFO Board | Profile | |
| Jens Koglin | Managing HR | Profile | |
| Konstantina Kanellopoulos | CoCEO Board | Profile | |
| Marcus Eilers | Managing Strategy | Profile |