Dassault Systemes Correlations

DASTY Stock

USD 21.86 0.08 0.37%

The current 90-days correlation between Dassault Systemes and Nokia is 0.02 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Dassault Systemes Correlation With Market

Very good diversification

The correlation between Dassault Systemes SA and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dassault Systemes SA and DJI in the same portfolio, assuming nothing else is changed.

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 SA to buy it.

Moving against Dassault Pink Sheet

0.98	AEMMY	A2A SpA ADR	Pair Corr
0.88	KT	KT Corporation	Pair Corr
0.88	ENB	Enbridge	Pair Corr
0.75	LNN	Lindsay	Pair Corr
0.71	RHHVF	Roche Holding AG	Pair Corr
0.69	VOD	Vodafone Group PLC	Pair Corr
0.69	XYIGY	Xinyi Glass Holdings	Pair Corr
0.67	WLK	Westlake Chemical	Pair Corr
0.64	AOIFF	Africa Oil Corp	Pair Corr
0.63	ESTA	Establishment Labs Earnings Call This Week	Pair Corr
0.62	GBOOY	Grupo Financiero Banorte	Pair Corr
0.59	CMA	Comerica Incorporated	Pair Corr
0.55	STRS	Stratus Properties	Pair Corr
0.54	CING	Cingulate	Pair Corr
0.49	NTRSO	Northern Trust	Pair Corr
0.44	INGR	Ingredion Incorporated	Pair Corr
0.42	DAWN	Day One Biopharmaceu	Pair Corr
0.35	ADEA	ADEIA P	Pair Corr
0.35	KRKNF	Kraken Robotics	Pair Corr
0.9	OTSKY	Otsuka Holdings	Pair Corr
0.86	CRNZF	Cairn Energy PLC	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.79	BYM	BlackRock Municipal	Pair Corr
0.79	MTZ	MasTec Inc	Pair Corr
0.75	VKQ	Invesco Municipal Trust	Pair Corr
0.74	LTSK	Ladenburg Thalmann	Pair Corr
0.68	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.65	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.63	ACGL	Arch Capital Group	Pair Corr
0.62	FLFG	Federal Life Group	Pair Corr
0.6	SBKO	Summit Bank Group	Pair Corr
0.58	TG	Tredegar	Pair Corr
0.54	MEEEF	Metal Energy Corp	Pair Corr
0.53	IFS	Intercorp Financial	Pair Corr

Related Correlations Analysis

	DSCSY	DISPF	NOKBF	MRAAF	MRAAY	TTDKY	TTDKF	DIDIY	HXGBY	NTDTY
DSCSY		0.99	0.86	0.57	0.6	-0.18	-0.26	-0.87	-0.74	-0.35	DSCSY
DISPF	0.99		0.85	0.55	0.57	-0.18	-0.27	-0.87	-0.75	-0.33	DISPF
NOKBF	0.86	0.85		0.69	0.75	0.06	-0.03	-0.71	-0.68	-0.46	NOKBF
MRAAF	0.57	0.55	0.69		0.89	0.2	0.08	-0.47	-0.29	-0.76	MRAAF
MRAAY	0.6	0.57	0.75	0.89		0.36	0.24	-0.53	-0.38	-0.82	MRAAY
TTDKY	-0.18	-0.18	0.06	0.2	0.36		0.86	0.14	-0.04	-0.33	TTDKY
TTDKF	-0.26	-0.27	-0.03	0.08	0.24	0.86		0.23	0.03	-0.25	TTDKF
DIDIY	-0.87	-0.87	-0.71	-0.47	-0.53	0.14	0.23		0.78	0.37	DIDIY
HXGBY	-0.74	-0.75	-0.68	-0.29	-0.38	-0.04	0.03	0.78		0.13	HXGBY
NTDTY	-0.35	-0.33	-0.46	-0.76	-0.82	-0.33	-0.25	0.37	0.13		NTDTY
	DSCSY	DISPF	NOKBF	MRAAF	MRAAY	TTDKY	TTDKF	DIDIY	HXGBY	NTDTY

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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

DISPF	+ 0.99	DSCSY
MRAAY	+ 0.89	MRAAF
NOKBF	+ 0.86	DSCSY
TTDKF	+ 0.86	TTDKY
NOKBF	+ 0.85	DISPF
HXGBY	+ 0.78	DIDIY

High negative correlations

DIDIY	- 0.87	DISPF
DIDIY	- 0.87	DSCSY
NTDTY	- 0.82	MRAAY
NTDTY	- 0.76	MRAAF
HXGBY	- 0.75	DISPF
HXGBY	- 0.74	DSCSY

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
DSCSY	2.81	0.68	0.23	0.36	2.82	(3.07)	6.71	(4.73)	19.03
DISPF	2.88	0.71	0.20	0.36	2.04	(6.19)	10.81	(4.79)	23.06
NOKBF	1.86	0.34	0.12	0.56	2.19	(1.97)	4.87	(3.71)	11.09
MRAAF	4.20	0.80	0.15	1.11	4.43	(4.68)	11.02	(8.52)	27.26
MRAAY	1.76	0.41	0.20	0.54	1.71	(2.14)	4.09	(2.76)	16.07
TTDKY	1.91	(0.09)	(0.02)	0.02	2.69	(1.95)	4.41	(4.08)	14.52
TTDKF	3.94	(0.11)	(0.01)	0.02	5.38	(3.99)	7.37	(9.79)	27.41
DIDIY	2.24	(0.18)	0.00	(0.76)	0.00	0.00	4.86	(4.35)	16.41
HXGBY	1.12	(0.08)	0.00	(0.05)	0.00	0.00	2.19	(2.21)	8.36
NTDTY	4.15	0.34	0.02	(0.57)	4.95	(8.87)	13.10	(10.42)	32.19

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.

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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

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