DBM Global Correlations

DBMG Stock

USD 75.00 0.00 0.00%

The current 90-days correlation between DBM Global and PAX Global Technology is 0.05 (i.e., Significant 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

Very weak diversification

The correlation between DBM Global and DJI is 0.48 (i.e., Very weak 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

0.71	GOOG	Alphabet Class C	Pair Corr
0.67	BMYMP	Bristol Myers Squibb	Pair Corr
0.8	MRK	Merck Company	Pair Corr
0.64	WMT	Walmart Common Stock	Pair Corr
0.67	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr

Moving against DBM Pink Sheet

0.6	HPQ	HP Inc Aggressive Push	Pair Corr
0.5	MSFT	Microsoft Sell-off Trend	Pair Corr
0.4	IBM	International Business	Pair Corr
0.37	AMZN	Amazon Inc	Pair Corr
0.36	NVDA	NVIDIA Aggressive Push	Pair Corr

Related Correlations Analysis

	GSFP	PXGYF	SPSTY	MKDW	SPSTF	CAPR	LPSN	EVTC	SKLTY	WEGOF
GSFP		-0.58	-0.01	-0.46	0.72	0.8	-0.84	0.26	-0.73	0.66	GSFP
PXGYF	-0.58		0.23	0.42	-0.59	-0.51	0.6	-0.19	0.47	-0.76	PXGYF
SPSTY	-0.01	0.23		-0.02	0.02	0.02	0.03	-0.35	-0.19	-0.07	SPSTY
MKDW	-0.46	0.42	-0.02		-0.46	-0.15	0.73	0.39	0.64	-0.32	MKDW
SPSTF	0.72	-0.59	0.02	-0.46		0.78	-0.63	-0.04	-0.7	0.65	SPSTF
CAPR	0.8	-0.51	0.02	-0.15	0.78		-0.54	0.27	-0.55	0.67	CAPR
LPSN	-0.84	0.6	0.03	0.73	-0.63	-0.54		-0.04	0.73	-0.63	LPSN
EVTC	0.26	-0.19	-0.35	0.39	-0.04	0.27	-0.04		0.2	0.21	EVTC
SKLTY	-0.73	0.47	-0.19	0.64	-0.7	-0.55	0.73	0.2		-0.57	SKLTY
WEGOF	0.66	-0.76	-0.07	-0.32	0.65	0.67	-0.63	0.21	-0.57		WEGOF
	GSFP	PXGYF	SPSTY	MKDW	SPSTF	CAPR	LPSN	EVTC	SKLTY	WEGOF

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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

CAPR	+ 0.8	GSFP
CAPR	+ 0.78	SPSTF
LPSN	+ 0.73	MKDW
SKLTY	+ 0.73	LPSN
SPSTF	+ 0.72	GSFP
WEGOF	+ 0.67	CAPR

High negative correlations

LPSN	- 0.84	GSFP
WEGOF	- 0.76	PXGYF
SKLTY	- 0.73	GSFP
SKLTY	- 0.7	SPSTF
WEGOF	- 0.63	LPSN
LPSN	- 0.63	SPSTF

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
GSFP	0.55	0.19	0.16	(2.36)	0.33	(0.68)	1.27	(1.10)	3.10
PXGYF	1.48	(0.11)	0.00	(0.10)	0.00	0.00	4.92	(6.15)	14.79
SPSTY	1.38	0.21	0.00	(0.07)	2.06	(2.95)	3.81	(3.49)	16.23
MKDW	4.21	(1.27)	0.00	(0.79)	0.00	0.00	7.64	(10.92)	36.75
SPSTF	0.48	0.13	0.00	1.34	0.00	0.00	0.00	0.00	6.67
CAPR	12.23	4.95	0.88	0.78	4.31	(15.79)	11.51	(8.29)	386.29
LPSN	3.69	(1.13)	0.00	(0.35)	0.00	0.00	5.56	(7.19)	25.36
EVTC	1.52	(0.17)	0.00	(0.08)	0.00	0.00	2.94	(3.14)	11.68
SKLTY	1.46	(0.39)	0.00	2.08	0.00	0.00	2.42	(3.75)	10.85
WEGOF	1.78	0.64	0.00	(1.01)	0.00	0.00	0.00	0.00	78.98

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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DBM Global Corporate Management

Stephen Knippel	Pres Inc	Profile
James Roach	CEO Chairman	Profile
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