Dassault Systemes Correlations
| DASTF Stock | USD 33.49 0.08 0.24% |
The current 90-days correlation between Dassault Systemes and ServiceNow is -0.12 (i.e., Good diversification). The correlation of Dassault Systemes 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.
Dassault Systemes Correlation With Market
Good diversification
The correlation between Dassault Systemes SE and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dassault Systemes SE and DJI in the same portfolio, assuming nothing else is changed.
Dassault |
The ability to find closely correlated positions to Dassault Systemes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dassault Systemes 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 Dassault Systemes - 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 Dassault Systemes SE to buy it.
Moving together with Dassault Pink Sheet
Moving against Dassault Pink Sheet
| 0.88 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.87 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.83 | MSTR | MicroStrategy Incorporated Aggressive Push | PairCorr |
| 0.83 | NVDA | NVIDIA | PairCorr |
| 0.83 | ADSK | Autodesk | PairCorr |
| 0.83 | GM | General Motors Aggressive Push | PairCorr |
| 0.82 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.81 | CRM | Salesforce Earnings Call This Week | PairCorr |
| 0.78 | NOW | ServiceNow Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.78 | APP | Applovin Corp | PairCorr |
| 0.78 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.77 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.68 | SAPGF | SAP SE | PairCorr |
| 0.67 | SHOP | Shopify | PairCorr |
| 0.64 | SAP | SAP SE ADR Fiscal Year End 28th of January 2025 | PairCorr |
| 0.57 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.56 | CDNS | Cadence Design Systems | PairCorr |
| 0.48 | APLD | Applied Blockchain Trending | PairCorr |
| 0.39 | INTU | Intuit Inc Downward Rally | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dassault Pink Sheet performing well and Dassault Systemes 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 Dassault Systemes' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRM | 1.28 | 0.29 | 0.25 | 0.37 | 0.90 | 3.18 | 9.09 | |||
| SAP | 1.06 | 0.07 | 0.00 | 0.25 | 1.13 | 2.16 | 6.50 | |||
| NOW | 1.34 | 0.26 | 0.19 | 0.36 | 1.17 | 3.04 | 8.12 | |||
| INTU | 1.36 | (0.15) | 0.00 | (0.05) | 0.00 | 3.34 | 9.88 | |||
| UBER | 1.60 | (0.14) | 0.00 | (0.02) | 0.00 | 2.69 | 20.10 | |||
| SHOP | 1.97 | 0.45 | 0.23 | 0.51 | 1.64 | 4.91 | 26.26 | |||
| APP | 3.32 | 2.10 | 0.99 | 2.83 | 0.68 | 9.39 | 48.41 | |||
| MSTR | 5.22 | 1.58 | 0.38 | 0.62 | 3.95 | 12.96 | 41.89 | |||
| CDNS | 1.76 | 0.07 | 0.04 | 0.18 | 2.02 | 3.47 | 17.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dassault Systemes 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?
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Dassault Systemes Corporate Management
| Rouven Bergmann | CFO VP | Profile | |
| Sgolne Moignet | Co Counsel | Profile | |
| Victoire Margerie | Marketing Equity | Profile | |
| Laurence BaucherBarths | Ex Officer | Profile |