Deutsche Börse Correlations

DBOEF Stock

USD 218.00 9.96 4.37%

The current 90-days correlation between Deutsche Brse AG and London Stock Exchange is 0.1 (i.e., Average diversification). The correlation of Deutsche Börse 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.

Deutsche Börse Correlation With Market

Good diversification

The correlation between Deutsche Brse AG and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Brse AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Deutsche Pink Sheet

0.31	MCO	Moodys	Pair Corr
0.43	GGII	Green Globe International	Pair Corr
0.5	ACHR	Archer Aviation Trending	Pair Corr
0.35	ENSC	Ensysce Biosciences	Pair Corr

Related Correlations Analysis

	SPXCF	LDNXF	LNSTY	HKXCF	DBOEY	SPGI	MCO	NDAQ	FDS
SPXCF		0.33	0.39	0.3	0.54	0.25	-0.15	0.19	0.52	SPXCF
LDNXF	0.33		0.82	0.23	0.33	-0.15	-0.19	0.49	0.49	LDNXF
LNSTY	0.39	0.82		0.23	0.47	-0.28	-0.31	0.54	0.54	LNSTY
HKXCF	0.3	0.23	0.23		0.39	-0.2	-0.58	0.32	0.58	HKXCF
DBOEY	0.54	0.33	0.47	0.39		0.1	-0.28	-0.17	0.23	DBOEY
SPGI	0.25	-0.15	-0.28	-0.2	0.1		0.74	-0.27	0.02	SPGI
MCO	-0.15	-0.19	-0.31	-0.58	-0.28	0.74		-0.16	-0.18	MCO
NDAQ	0.19	0.49	0.54	0.32	-0.17	-0.27	-0.16		0.82	NDAQ
FDS	0.52	0.49	0.54	0.58	0.23	0.02	-0.18	0.82		FDS
	SPXCF	LDNXF	LNSTY	HKXCF	DBOEY	SPGI	MCO	NDAQ	FDS

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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

LNSTY	+ 0.82	LDNXF
FDS	+ 0.82	NDAQ
MCO	+ 0.74	SPGI
FDS	+ 0.58	HKXCF
DBOEY	+ 0.54	SPXCF
NDAQ	+ 0.54	LNSTY

High negative correlations

MCO	- 0.58	HKXCF
MCO	- 0.31	LNSTY
MCO	- 0.28	DBOEY
SPGI	- 0.28	LNSTY
NDAQ	- 0.27	SPGI
SPGI	- 0.2	HKXCF

Risk-Adjusted Indicators

There is a big difference between Deutsche Pink Sheet performing well and Deutsche Börse 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 Deutsche Börse'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
SPXCF	1.68	0.17	0.01	(0.98)	2.28	(2.37)	3.80	(5.39)	15.12
LDNXF	1.03	0.07	(0.01)	0.37	1.26	(1.42)	3.19	(2.00)	9.31
LNSTY	0.75	0.06	(0.03)	0.31	0.86	(0.81)	1.79	(1.47)	5.62
HKXCF	3.81	0.43	0.06	1.13	4.66	(4.97)	9.88	(7.59)	37.56
DBOEY	0.77	0.03	(0.08)	24.00	1.08	(0.75)	1.64	(1.62)	5.20
SPGI	0.76	(0.02)	(0.07)	0.09	1.00	(0.79)	1.45	(1.44)	5.82
MCO	0.80	(0.05)	(0.10)	0.00	1.17	(0.82)	1.61	(1.74)	6.89
NDAQ	0.78	0.13	0.09	0.34	0.77	(0.88)	1.86	(1.73)	5.20
FDS	0.90	0.18	0.14	0.38	0.80	(1.01)	2.25	(1.45)	7.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in Deutsche Börse 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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Deutsche Börse Corporate Management

Richard Green	Interim Officer	Profile
Gudrun Feiertag	Head Functionality	Profile
Stephan Leithner	Member of the Executive Board	Profile
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