Dye Durham Correlations

DYNDF Stock

USD 11.06 0.38 3.32%

The current 90-days correlation between Dye Durham Limited and Model N is -0.13 (i.e., Good diversification). The correlation of Dye Durham 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.

Dye Durham Correlation With Market

Significant diversification

The correlation between Dye Durham Limited 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 Dye Durham Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Dye Pink Sheet

0.38	EPGG	Empire Global Gaming	Pair Corr
0.37	VMW	VMware Inc	Pair Corr
0.48	JBL	Jabil Circuit	Pair Corr
0.47	BZUSD	Brent Crude Oil	Pair Corr
0.42	RUM	Rumble Inc Buyout Trend	Pair Corr
0.32	ZVIA	Zevia Pbc	Pair Corr
0.31	OPFI	OppFi Inc	Pair Corr
0.5	AVGO	Broadcom Aggressive Push	Pair Corr
0.4	KULR	KULR Technology Group	Pair Corr
0.36	GOOGL	Alphabet Class A	Pair Corr

Related Correlations Analysis

	SGPYY	DPSIP	ROWKF	FMEGF	OONEF	OSSIF	DUBRF	MYZQF	DVNCF	BAINF
SGPYY		0.0	0.48	-0.28	0.57	0.38	0.04	-0.54	-0.11	0.58	SGPYY
DPSIP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DPSIP
ROWKF	0.48	0.0		-0.13	0.93	0.19	-0.02	-0.32	0.2	0.83	ROWKF
FMEGF	-0.28	0.0	-0.13		-0.19	0.17	-0.1	-0.36	-0.29	0.16	FMEGF
OONEF	0.57	0.0	0.93	-0.19		0.19	-0.01	-0.32	0.18	0.8	OONEF
OSSIF	0.38	0.0	0.19	0.17	0.19		0.08	-0.65	-0.59	0.33	OSSIF
DUBRF	0.04	0.0	-0.02	-0.1	-0.01	0.08		-0.06	-0.18	-0.03	DUBRF
MYZQF	-0.54	0.0	-0.32	-0.36	-0.32	-0.65	-0.06		0.65	-0.56	MYZQF
DVNCF	-0.11	0.0	0.2	-0.29	0.18	-0.59	-0.18	0.65		0.04	DVNCF
BAINF	0.58	0.0	0.83	0.16	0.8	0.33	-0.03	-0.56	0.04		BAINF
	SGPYY	DPSIP	ROWKF	FMEGF	OONEF	OSSIF	DUBRF	MYZQF	DVNCF	BAINF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OONEF	+ 0.93	ROWKF
BAINF	+ 0.83	ROWKF
BAINF	+ 0.8	OONEF
DVNCF	+ 0.65	MYZQF
BAINF	+ 0.58	SGPYY
OONEF	+ 0.57	SGPYY

High negative correlations

MYZQF	- 0.65	OSSIF
DVNCF	- 0.59	OSSIF
BAINF	- 0.56	MYZQF
MYZQF	- 0.54	SGPYY
MYZQF	- 0.36	FMEGF
MYZQF	- 0.32	OONEF

Risk-Adjusted Indicators

There is a big difference between Dye Pink Sheet performing well and Dye Durham 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 Dye Durham'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
SGPYY	1.24	0.30	0.23	0.80	0.99	(1.46)	2.43	(1.93)	20.19
DPSIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROWKF	0.70	0.27	0.00	3.34	0.00	0.00	0.00	0.00	17.50
FMEGF	1.07	0.17	0.00	0.87	0.00	0.00	6.25	0.00	38.91
OONEF	15.31	5.09	0.19	(1.73)	13.42	(30.31)	36.36	(26.32)	244.12
OSSIF	1.45	0.59	0.34	(16.62)	0.18	(3.27)	2.22	(1.59)	29.87
DUBRF	39.90	17.22	0.00	1.10	0.00	0.00	0.00	(16.67)	1,257
MYZQF	1.30	(0.67)	0.00	1.09	0.00	0.00	0.00	0.00	24.24
DVNCF	29.38	9.85	0.00	0.75	0.00	0.00	0.00	(58.33)	480.00
BAINF	1.85	0.78	0.00	(1.64)	0.00	0.00	5.15	0.00	31.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dye Durham 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?

Run Economic Indicators Now

Economic Indicators

Top statistical indicators that provide insights into how an economy is performing

All Next

Launch Module

Dye Durham Corporate Management

Matthew Proud	CEO Director	Profile
Charlie MacCready	Ex Officer	Profile
Wojtek Dabrowski	Chief Officer	Profile
Martha Vallance	Global Officer	Profile
Frank Liso	Chief Officer	Profile
John Sulja	Chief Officer	Profile

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