DCC PLC Correlations

DCCPY Stock

USD 22.55 0.00 0.00%

The correlation of DCC PLC 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.

DCC PLC Correlation With Market

Good diversification

The correlation between DCC PLC ADR and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DCC PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DCC Pink Sheet

0.68	SUN	Sunoco LP	Pair Corr
0.62	OPFI	OppFi Inc Potential Growth	Pair Corr
0.63	WMT	Walmart Aggressive Push	Pair Corr

Moving against DCC Pink Sheet

0.37	BCH	Banco De Chile	Pair Corr
0.48	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	RUBSF	UGP	SUN	DINO	DK	PBF	DKL	VLO	CVI	PSX
RUBSF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	RUBSF
UGP	0.0		-0.46	0.66	0.21	0.17	0.4	-0.27	0.54	-0.2	UGP
SUN	0.0	-0.46		0.03	0.52	0.32	0.32	0.57	-0.12	0.55	SUN
DINO	0.0	0.66	0.03		0.72	0.77	0.62	0.39	0.85	0.53	DINO
DK	0.0	0.21	0.52	0.72		0.64	0.73	0.66	0.43	0.66	DK
PBF	0.0	0.17	0.32	0.77	0.64		0.35	0.63	0.76	0.76	PBF
DKL	0.0	0.4	0.32	0.62	0.73	0.35		0.24	0.41	0.36	DKL
VLO	0.0	-0.27	0.57	0.39	0.66	0.63	0.24		0.2	0.84	VLO
CVI	0.0	0.54	-0.12	0.85	0.43	0.76	0.41	0.2		0.53	CVI
PSX	0.0	-0.2	0.55	0.53	0.66	0.76	0.36	0.84	0.53		PSX
	RUBSF	UGP	SUN	DINO	DK	PBF	DKL	VLO	CVI	PSX

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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

CVI	+ 0.85	DINO
PSX	+ 0.84	VLO
PBF	+ 0.77	DINO
CVI	+ 0.76	PBF
PSX	+ 0.76	PBF
DKL	+ 0.73	DK

High negative correlations

SUN	- 0.46	UGP
VLO	- 0.27	UGP
PSX	- 0.2	UGP
CVI	- 0.12	SUN
PSX	- 0.0	RUBSF
CVI	- 0.0	RUBSF

Risk-Adjusted Indicators

There is a big difference between DCC Pink Sheet performing well and DCC PLC 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 DCC PLC'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
RUBSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UGP	1.84	(0.58)	0.00	(0.59)	0.00	0.00	3.15	(4.90)	11.56
SUN	0.99	0.04	(0.01)	0.18	1.02	(1.13)	2.68	(1.93)	5.65
DINO	1.52	(0.38)	0.00	(0.22)	0.00	0.00	2.49	(4.36)	11.79
DK	2.07	(0.17)	0.00	(0.04)	0.00	0.00	3.66	(4.07)	16.10
PBF	1.87	(0.18)	0.00	(0.06)	0.00	0.00	3.77	(3.76)	15.94
DKL	1.03	0.04	(0.04)	0.00	2.36	(0.98)	1.73	(1.44)	15.55
VLO	1.38	(0.16)	0.00	(0.10)	0.00	0.00	2.75	(3.31)	11.46
CVI	2.59	(0.54)	0.00	(0.20)	0.00	0.00	3.99	(5.81)	28.93
PSX	1.11	(0.15)	0.00	(0.05)	0.00	0.00	1.81	(2.97)	7.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in DCC PLC 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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DCC PLC Corporate Management

Kevin Lucey	Head - Group Finance	Profile
Tim Griffin	Managing Technology	Profile
Darragh Byrne	Head - Group Compliance	Profile
Peter Quinn	Chief Officer	Profile
BComm BFS	CEO Director	Profile
Henry Cubbon	Managing LPG	Profile

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