DB Base Correlations

BDDXF Etf

USD 4.06 0.00 0.00%

The current 90-days correlation between DB Base Metals and Diamond Hill Funds is 0.03 (i.e., Significant diversification). The correlation of DB Base 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.

DB Base Correlation With Market

Pay attention - limited upside

The correlation between DB Base Metals and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DB Base Metals and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in DB Base Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with BDDXF Pink Sheet

0.67	MPAY	Exchange Traded Concepts	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.7	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against BDDXF Pink Sheet

0.86	CPST	Calamos ETF Trust	Pair Corr
0.81	DIVD	Altrius Global Dividend	Pair Corr
0.8	GAL	SPDR SSgA Global	Pair Corr
0.79	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.78	GDXU	MicroSectors Gold Miners	Pair Corr
0.76	ITDD	iShares Trust	Pair Corr
0.74	DGP	DB Gold Double	Pair Corr
0.73	UGL	ProShares Ultra Gold	Pair Corr
0.7	SHNY	Microsectors Gold Trending	Pair Corr
0.66	PEY	Invesco High Yield	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.35	AXP	American Express Earnings Call Today	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.79	MRK	Merck Company Earnings Call This Week	Pair Corr
0.79	BA	Boeing	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.62	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.57	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.57	GE	GE Aerospace	Pair Corr
0.45	JPM	JPMorgan Chase	Pair Corr
0.32	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.31	0.06	0.06	-0.07	-0.27	0.34	-0.03	-0.05	0.04	META
MSFT	0.31		0.75	-0.47	0.48	0.32	0.39	-0.1	-0.81	-0.68	MSFT
UBER	0.06	0.75		-0.45	0.47	0.51	0.07	-0.23	-0.8	-0.52	UBER
F	0.06	-0.47	-0.45		-0.59	-0.33	0.02	0.46	0.64	0.6	F
T	-0.07	0.48	0.47	-0.59		0.61	-0.09	-0.25	-0.46	-0.64	T
A	-0.27	0.32	0.51	-0.33	0.61		-0.13	-0.12	-0.32	-0.52	A
CRM	0.34	0.39	0.07	0.02	-0.09	-0.13		0.62	-0.13	-0.45	CRM
JPM	-0.03	-0.1	-0.23	0.46	-0.25	-0.12	0.62		0.35	-0.05	JPM
MRK	-0.05	-0.81	-0.8	0.64	-0.46	-0.32	-0.13	0.35		0.68	MRK
XOM	0.04	-0.68	-0.52	0.6	-0.64	-0.52	-0.45	-0.05	0.68		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.75	MSFT
XOM	+ 0.68	MRK
MRK	+ 0.64	F
JPM	+ 0.62	CRM
A	+ 0.61	T
XOM	+ 0.6	F

High negative correlations

MRK	- 0.81	MSFT
MRK	- 0.8	UBER
XOM	- 0.68	MSFT
XOM	- 0.64	T
T	- 0.59	F
XOM	- 0.52	A

DB Base Competition Risk-Adjusted Indicators

There is a big difference between BDDXF Pink Sheet performing well and DB Base 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 DB Base'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
META	1.60	(0.03)	(0.01)	0.02	2.40	(1.68)	3.43	(2.67)	13.02
MSFT	1.24	(0.29)	0.00	(1.12)	0.00	0.00	1.85	(2.70)	4.90
UBER	1.47	(0.24)	0.00	(0.26)	0.00	0.00	2.50	(3.82)	10.23
F	1.47	0.18	0.10	0.52	1.32	(1.82)	3.65	(2.35)	16.30
T	0.88	(0.03)	0.00	(0.14)	0.00	0.00	1.63	(1.85)	4.30
A	1.19	(0.22)	0.00	(0.12)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.53	(0.30)	0.00	(0.24)	0.00	0.00	2.94	(4.26)	12.37
JPM	1.11	0.04	(0.01)	(0.50)	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.26	0.30	0.21	0.47	1.14	(1.53)	3.59	(1.98)	8.09
XOM	1.06	0.24	0.18	0.45	0.96	(1.23)	2.38	(1.51)	5.82

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