DCB MERCIAL Correlations
| DCB Stock | 155.00 5.00 3.12% |
The current 90-days correlation between DCB MERCIAL BANK and AFRIPRISE INVESTMENT PLC is 0.03 (i.e., Significant diversification). The correlation of DCB MERCIAL 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.
DCB MERCIAL Correlation With Market
Good diversification
The correlation between DCB MERCIAL BANK and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DCB MERCIAL BANK and DJI in the same portfolio, assuming nothing else is changed.
DCB |
The ability to find closely correlated positions to DCB MERCIAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DCB MERCIAL 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 DCB MERCIAL - 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 DCB MERCIAL BANK to buy it.
Related Correlations Analysis
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DCB MERCIAL Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DCB MERCIAL stock to make a market-neutral strategy. Peer analysis of DCB MERCIAL could also be used in its relative valuation, which is a method of valuing DCB MERCIAL by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |