DBM Global Correlations

DBMG Stock

USD 75.00 5.00 7.14%

The current 90-days correlation between DBM Global and COSCO SHIPPING International is 0.12 (i.e., Average diversification). The correlation of DBM Global 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.

DBM Global Correlation With Market

Significant diversification

The correlation between DBM Global and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DBM Global and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DBM Pink Sheet

0.66	PPERF	Bank Mandiri Persero	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.73	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.71	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	AAL	American Airlines	Pair Corr
0.71	DDS	Dillards,	Pair Corr
0.69	KYOCF	Kyocera	Pair Corr
0.91	IDN	Intellicheck Mobilisa	Pair Corr
0.81	APGE	Apogee Therapeutics,	Pair Corr
0.8	RLMD	Relmada Therapeutics	Pair Corr

Moving against DBM Pink Sheet

0.46	PTAIF	PT Astra International	Pair Corr
0.62	WOLF	Wolfspeed,	Pair Corr
0.38	RYSKF	Reysas Tasimacilik	Pair Corr
0.38	SWRM	Appswarm	Pair Corr
0.34	12532HAF1	GIBACN 23 14	Pair Corr

Related Correlations Analysis

	BUKS	TGHLF	AFGYF	FTGFF	CSCMY	ECELF	SKUYF	ARTGF	HGRVF	AUUMF
BUKS		0.34	-0.04	0.38	0.14	-0.13	0.0	-0.9	0.0	0.39	BUKS
TGHLF	0.34		0.4	0.7	0.37	0.31	0.0	-0.44	0.0	0.48	TGHLF
AFGYF	-0.04	0.4		0.3	0.32	0.34	0.0	-0.15	0.0	0.46	AFGYF
FTGFF	0.38	0.7	0.3		0.32	0.23	0.0	-0.46	0.0	0.6	FTGFF
CSCMY	0.14	0.37	0.32	0.32		0.25	0.0	-0.27	0.0	-0.03	CSCMY
ECELF	-0.13	0.31	0.34	0.23	0.25		0.0	-0.08	0.0	0.19	ECELF
SKUYF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SKUYF
ARTGF	-0.9	-0.44	-0.15	-0.46	-0.27	-0.08	0.0		0.0	-0.55	ARTGF
HGRVF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HGRVF
AUUMF	0.39	0.48	0.46	0.6	-0.03	0.19	0.0	-0.55	0.0		AUUMF
	BUKS	TGHLF	AFGYF	FTGFF	CSCMY	ECELF	SKUYF	ARTGF	HGRVF	AUUMF

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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

FTGFF	+ 0.7	TGHLF
AUUMF	+ 0.6	FTGFF
AUUMF	+ 0.48	TGHLF
AUUMF	+ 0.46	AFGYF
AFGYF	+ 0.4	TGHLF
AUUMF	+ 0.39	BUKS

High negative correlations

ARTGF	- 0.9	BUKS
AUUMF	- 0.55	ARTGF
ARTGF	- 0.46	FTGFF
ARTGF	- 0.44	TGHLF
ARTGF	- 0.27	CSCMY
ARTGF	- 0.15	AFGYF

Risk-Adjusted Indicators

There is a big difference between DBM Pink Sheet performing well and DBM Global 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 DBM Global'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
BUKS	2.40	0.76	0.26	2.61	2.12	(2.99)	5.78	(3.57)	22.24
TGHLF	0.34	0.06	(0.02)	(0.22)	0.36	(0.97)	1.49	(1.47)	2.99
AFGYF	1.79	(0.06)	0.00	(0.17)	0.00	0.00	9.09	(8.33)	26.52
FTGFF	1.88	0.05	0.00	0.19	2.34	(2.66)	4.36	(3.57)	15.76
CSCMY	2.62	0.06	0.00	(0.12)	3.91	(6.93)	9.52	(8.70)	28.86
ECELF	0.32	(0.18)	0.00	(1.23)	0.00	0.00	0.00	0.00	10.34
SKUYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARTGF	2.59	(1.33)	0.00	(22.71)	0.00	0.00	0.00	0.00	82.91
HGRVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUUMF	0.47	0.01	0.00	0.10	0.00	0.00	0.00	0.00	10.78

Be your own money manager

Our tools can tell you how much better you can do entering a position in DBM Global 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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