Data#3 Correlations

20Y Stock

EUR 3.90 0.04 1.04%

The current 90-days correlation between Data3 Limited and GungHo Online Entertainment is -0.15 (i.e., Good diversification). The correlation of Data#3 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.

Data#3 Correlation With Market

Average diversification

The correlation between Data3 Limited and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data3 Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Data#3 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Data#3 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 Data#3 - 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 Data3 Limited to buy it.

Moving together with Data#3 Stock

0.7	KBIA	KB Financial Group	Pair Corr
0.71	2WGA	WOORI FIN GRP	Pair Corr

Moving against Data#3 Stock

0.62	CVU	United Breweries	Pair Corr
0.6	DBPE	Xtrackers LevDAX	Pair Corr
0.57	BAKA	Bankinter SA Earnings Call This Week	Pair Corr
0.51	6GAA	Grupo Aval Acciones	Pair Corr
0.47	6GAA	Grupo Aval Acciones	Pair Corr
0.46	ECHA	Ecopetrol SA	Pair Corr
0.43	E908	Lyxor 1	Pair Corr
0.4	IOY	Infosys Limited	Pair Corr
0.38	ECHA	Ecopetrol SA	Pair Corr

Related Correlations Analysis

	3LN	63TA	G03	GE6	5PMA	US8	DGD
3LN		0.14	-0.37	0.92	-0.87	-0.79	0.65	3LN
63TA	0.14		-0.1	0.1	-0.21	-0.02	0.32	63TA
G03	-0.37	-0.1		-0.45	0.49	0.22	-0.04	G03
GE6	0.92	0.1	-0.45		-0.83	-0.67	0.55	GE6
5PMA	-0.87	-0.21	0.49	-0.83		0.67	-0.48	5PMA
US8	-0.79	-0.02	0.22	-0.67	0.67		-0.43	US8
DGD	0.65	0.32	-0.04	0.55	-0.48	-0.43		DGD
	3LN	63TA	G03	GE6	5PMA	US8	DGD

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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

GE6	+ 0.92	3LN
US8	+ 0.67	5PMA
DGD	+ 0.65	3LN
DGD	+ 0.55	GE6
5PMA	+ 0.49	G03
DGD	+ 0.32	63TA

High negative correlations

5PMA	- 0.87	3LN
5PMA	- 0.83	GE6
US8	- 0.79	3LN
US8	- 0.67	GE6
DGD	- 0.48	5PMA
GE6	- 0.45	G03

Risk-Adjusted Indicators

There is a big difference between Data#3 Stock performing well and Data#3 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 Data#3'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
3LN	1.27	0.36	0.23	1.60	1.04	(1.42)	3.31	(2.32)	11.66
63TA	2.07	(0.14)	0.00	(0.43)	0.00	0.00	3.96	(4.84)	15.57
G03	1.66	0.07	0.02	0.39	2.21	(2.12)	3.72	(4.00)	15.56
GE6	1.30	0.26	0.12	(19.16)	1.35	(1.74)	3.70	(2.27)	10.83
5PMA	3.13	(0.02)	0.00	0.07	0.00	0.00	7.89	(6.25)	17.57
US8	2.52	(0.13)	0.00	0.24	0.00	0.00	5.30	(4.91)	20.89
DGD	2.10	0.60	0.22	(5.28)	1.71	(3.17)	3.61	(3.49)	34.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Data#3 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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Data#3 Corporate Management

Elected by the shareholders, the Data#3's board of directors comprises two types of representatives: Data#3 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Data#3. The board's role is to monitor Data#3's management team and ensure that shareholders' interests are well served. Data#3'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, Data#3's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tash Macknish	Group HR	Profile
Richard Anderson	Independent Non-Executive Chairman of the Board	Profile
Jelaine Doncaster	Gen Solutions	Profile
Brad Colledge	Executive General Manager – Software Solutions and Infrastructure Solutions	Profile
FAICD FACID	CEO MD	Profile
Michael Bowser	Executive General Manager – Services	Profile

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