Digilife Technologies Correlations

Stocks . Germany . 
Stock . Digilife Technologies Limited
MZZ1 Stock  EUR 0.59  0.02  3.28%   
The current 90-days correlation between Digilife Technologies and Eurasia Mining Plc is 0.26 (i.e., Modest diversification). The correlation of Digilife Technologies 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.

Digilife Technologies Correlation With Market

Significant diversification

The correlation between Digilife Technologies Limited and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digilife Technologies Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Digilife Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digilife Technologies 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 Digilife Technologies - 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 Digilife Technologies Limited to buy it.

Moving together with Digilife Stock

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Moving against Digilife Stock

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Related Correlations Analysis

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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   
A4A
+ 0.79
P4Q
P4Q
+ 0.78
EUH
A4A
+ 0.75
FJZ
A4A
+ 0.71
EUH
FJZ
+ 0.68
P4Q
DGD
+ 0.64
EUH
  
High negative correlations   
RSM0
- 0.39
DGD
RSM0
- 0.38
EUH
CIAH
- 0.19
EUH
FJZ
- 0.18
CIAH
A4A
- 0.12
RSM0
A4A
- 0.1
CIAH

Risk-Adjusted Indicators

There is a big difference between Digilife Stock performing well and Digilife Technologies 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 Digilife Technologies' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Digilife Technologies 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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Digilife Technologies Corporate Executives

Elected by the shareholders, the Digilife Technologies' board of directors comprises two types of representatives: Digilife Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Digilife. The board's role is to monitor Digilife Technologies' management team and ensure that shareholders' interests are well served. Digilife Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Digilife Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Abhrajit ShawChief Financial OfficerProfile
RAKESH KHERAChief Financial OfficerProfile
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