Data Modul Correlations

DAM Stock

EUR 28.80 0.60 2.13%

The current 90-days correlation between Data Modul AG and SIVERS SEMICONDUCTORS AB is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Data Modul moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Data Modul AG moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Data Modul Correlation With Market

Good diversification

The correlation between Data Modul AG and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data Modul AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Data Modul 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 Modul 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 Modul - 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 Data Modul AG to buy it.

Moving together with Data Stock

0.83	APC	Apple Inc	Pair Corr
0.83	APC	Apple Inc	Pair Corr
0.83	APC	Apple Inc	Pair Corr
0.8	APC	Apple Inc	Pair Corr
0.79	PQ9	BANK MANDIRI	Pair Corr

Moving against Data Stock

0.53	MSF	Microsoft	Pair Corr
0.5	MSF	Microsoft	Pair Corr
0.5	MSF	Microsoft	Pair Corr
0.49	E908	Lyxor 1	Pair Corr
0.48	MSF	Microsoft	Pair Corr
0.45	MSF	Microsoft	Pair Corr

Related Correlations Analysis

	MSF	94P	2DG	CZX	9K1	8SP	5AM	MEL	HEI	P3K
MSF		-0.29	-0.03	-0.86	0.08	0.77	0.23	-0.07	-0.83	0.66	MSF
94P	-0.29		0.0	0.48	0.14	-0.27	0.14	0.08	0.6	-0.31	94P
2DG	-0.03	0.0		0.11	0.21	0.05	0.55	0.22	0.1	-0.14	2DG
CZX	-0.86	0.48	0.11		-0.09	-0.76	-0.18	0.33	0.89	-0.82	CZX
9K1	0.08	0.14	0.21	-0.09		0.1	0.11	0.01	-0.06	0.14	9K1
8SP	0.77	-0.27	0.05	-0.76	0.1		0.12	-0.03	-0.75	0.54	8SP
5AM	0.23	0.14	0.55	-0.18	0.11	0.12		-0.32	-0.04	0.3	5AM
MEL	-0.07	0.08	0.22	0.33	0.01	-0.03	-0.32		0.1	-0.64	MEL
HEI	-0.83	0.6	0.1	0.89	-0.06	-0.75	-0.04	0.1		-0.62	HEI
P3K	0.66	-0.31	-0.14	-0.82	0.14	0.54	0.3	-0.64	-0.62		P3K
	MSF	94P	2DG	CZX	9K1	8SP	5AM	MEL	HEI	P3K

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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

HEI	+ 0.89	CZX
8SP	+ 0.77	MSF
P3K	+ 0.66	MSF
HEI	+ 0.6	94P
5AM	+ 0.55	2DG
P3K	+ 0.54	8SP

High negative correlations

CZX	- 0.86	MSF
HEI	- 0.83	MSF
P3K	- 0.82	CZX
8SP	- 0.76	CZX
HEI	- 0.75	8SP
P3K	- 0.64	MEL

Risk-Adjusted Indicators

There is a big difference between Data Stock performing well and Data Modul 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 Modul'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
MSF	1.06	(0.10)	0.00	1.09	0.00	0.00	2.26	(2.91)	6.23
94P	2.12	0.11	0.02	(1.70)	2.61	(2.18)	4.65	(4.17)	14.39
2DG	2.96	0.41	0.08	(1.89)	2.80	(5.55)	9.38	(5.71)	23.03
CZX	0.88	0.29	0.18	(1.26)	0.86	(1.07)	1.92	(1.74)	5.17
9K1	1.14	(0.02)	0.00	0.21	0.00	0.00	2.50	(2.33)	12.62
8SP	1.35	(0.07)	0.00	1.00	0.00	0.00	2.82	(1.65)	24.86
5AM	7.16	1.41	0.16	(0.90)	6.15	(12.07)	21.43	(12.82)	56.39
MEL	1.08	0.08	0.02	(1.08)	1.17	(1.32)	2.85	(2.12)	5.86
HEI	1.37	0.27	0.11	(0.35)	1.32	(1.64)	3.59	(2.26)	9.96
P3K	4.94	(0.90)	0.00	(0.64)	0.00	0.00	10.34	(9.37)	68.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Data Modul 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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