Dillards Capital Correlations

Stocks . USA . 
Stock . Dillards Capital Trust
DDT Stock  USD 25.96  0.03  0.12%   
The current 90-days correlation between Dillards Capital Trust and Prudential Financial 4125 is 0.46 (i.e., Very weak diversification). The correlation of Dillards Capital 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.

Dillards Capital Correlation With Market

Average diversification

The correlation between Dillards Capital Trust and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dillards Capital Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dillards Capital Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Dillards Stock

  0.83V Visa Class APairCorr
  0.82DB Deutsche Bank AG Normal TradingPairCorr
  0.84DX Dynex CapitalPairCorr
  0.92GS Goldman Sachs GroupPairCorr
  0.68LX Lexinfintech HoldingsPairCorr
  0.79MA Mastercard Sell-off TrendPairCorr
  0.69MC MoelisPairCorr
  0.82MS Morgan StanleyPairCorr
  0.63RM Regional Management CorpPairCorr
  0.87GCMGW GCM GrosvenorPairCorr
  0.64PWUPW PowerUp Acquisition CorpPairCorr
  0.67VIRT Virtu FinancialPairCorr
  0.72DYCQ DT Cloud AcquisitionPairCorr
  0.8VMCA Valuence Merger CorpPairCorr
  0.83EMCGU Embrace Change AcquiPairCorr

Moving against Dillards Stock

  0.64LC LendingClub Corp Buyout TrendPairCorr
  0.48RC Ready Capital CorpPairCorr
  0.45DHIL Diamond Hill InvestmentPairCorr
  0.7TW Tradeweb MarketsPairCorr
  0.63VRTS Virtus InvestmentPairCorr
  0.5WT WisdomTreePairCorr
  0.37WD Walker DunlopPairCorr

Related Correlations Analysis

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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   
DTF
+ 0.35
KTN
KTH
+ 0.34
KTN
DTF
+ 0.25
PFH
DTF
+ 0.01
KTH
  
High negative correlations   
KTH
- 0.44
PFH
GJH
- 0.28
PFH
KTN
- 0.22
PFH
DTF
- 0.19
GJH
GJH
- 0.19
KTN
KTH
- 0.11
GJH

Risk-Adjusted Indicators

There is a big difference between Dillards Stock performing well and Dillards Capital 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 Dillards Capital'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.

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