DBS Group Correlations
| DBSDY Stock | USD 127.70 2.28 1.82% |
The current 90-days correlation between DBS Group Holdings and Pioneer Floating Rate is -0.03 (i.e., Good diversification). The correlation of DBS Group 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.
DBS Group Correlation With Market
Significant diversification
The correlation between DBS Group Holdings and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DBS Group Holdings and DJI in the same portfolio, assuming nothing else is changed.
DBS |
The ability to find closely correlated positions to DBS Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DBS Group 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 DBS Group - 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 DBS Group Holdings to buy it.
Moving together with DBS Pink Sheet
| 0.73 | HD | Home Depot | PairCorr |
| 0.88 | WMT | Walmart Aggressive Push | PairCorr |
| 0.85 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.77 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.73 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | T | ATT Inc Aggressive Push | PairCorr |
| 0.78 | CSCO | Cisco Systems | PairCorr |
Moving against DBS Pink Sheet
| 0.86 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.76 | TCHH | Trustcash Holdings | PairCorr |
| 0.75 | EC | Ecopetrol SA ADR | PairCorr |
| 0.73 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.67 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.66 | SHG | Shinhan Financial | PairCorr |
| 0.63 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.56 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.55 | HYMTF | Hyundai Motor | PairCorr |
| 0.54 | WF | Woori Financial Group | PairCorr |
| 0.38 | VFSWW | VinFast Auto | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 DBS Pink Sheet performing well and DBS Group 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 DBS Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PHD | 0.26 | 0.02 | (0.18) | (1.37) | 0.26 | 0.52 | 1.44 | |||
| GAB-PG | 0.70 | 0.07 | (0.01) | (2.97) | 0.80 | 1.53 | 5.27 | |||
| MAV | 0.42 | 0.00 | (0.11) | 0.05 | 0.64 | 0.81 | 4.54 | |||
| JGH | 0.37 | 0.03 | (0.08) | 0.23 | 0.39 | 0.79 | 3.00 | |||
| HIO | 0.41 | 0.02 | (0.07) | 0.19 | 0.42 | 1.27 | 3.08 | |||
| GDO | 0.37 | (0.11) | 0.00 | (0.95) | 0.00 | 0.51 | 2.16 | |||
| EHI | 0.59 | (0.04) | 0.00 | (0.21) | 0.00 | 1.18 | 3.11 | |||
| EEA | 0.66 | (0.14) | 0.00 | (1.23) | 0.00 | 1.12 | 4.08 | |||
| MHI | 0.39 | 0.00 | (0.11) | 0.12 | 0.54 | 0.75 | 2.78 | |||
| JLS | 0.37 | 0.04 | (0.09) | (30.47) | 0.38 | 0.79 | 2.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DBS Group 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?
Run Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
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DBS Group Corporate Management
| Su Tan | Group Banking | Profile | |
| Chee Lam | Group Head of Compliance | Profile | |
| Karen Ngui | MD Communications | Profile | |
| Michael Sia | Head - Investor Relations | Profile | |
| Hwee Ng | Chief MD | Profile | |
| Sim Lim | Head, DBs Singapore | Profile | |
| Engkwok Moey | Group Head - Capital Markets | Profile |