Deere CDR Correlations

DEER Stock

31.31 0.23 0.74%

The current 90-days correlation between Deere CDR and Caterpillar is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Deere CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deere CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Deere CDR Correlation With Market

Poor diversification

The correlation between Deere CDR and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deere CDR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Deere Stock

0.93	CATR	Caterpillar	Pair Corr
0.99	DEER	Deere CDR	Pair Corr
0.74	TGO	TeraGo Inc	Pair Corr
0.69	VKG-H	Norse Gold Corp Earnings Call Today	Pair Corr
0.69	TFII	TFI International Earnings Call Today	Pair Corr
0.7	VGD	Visible Gold Mines	Pair Corr
0.74	PA	Palamina Corp	Pair Corr
0.65	BIP-PF	Brookfield Infrastructure	Pair Corr
0.83	MFI	Maple Leaf Foods	Pair Corr
0.82	FTG	Firan Technology Earnings Call Tomorrow	Pair Corr
0.81	PD	Precision Drilling	Pair Corr
0.68	DIR-UN	Dream Industrial Real Earnings Call Today	Pair Corr
0.92	NAR	North Arrow Minerals	Pair Corr
0.8	CWEB	Charlottes Web Holdings	Pair Corr
0.71	EXE	Extendicare	Pair Corr
0.62	SCD	Scandium Canada	Pair Corr
0.85	TCW	Trican Well Service Earnings Call Tomorrow	Pair Corr

Moving against Deere Stock

0.84	DLC	DLC Holdings Corp Earnings Call Today	Pair Corr
0.5	VRY	Petro Victory Energy	Pair Corr

Related Correlations Analysis

	CATR	DEER	DEER	AFN
CATR		0.92	0.93	0.62	CATR
DEER	0.92		0.99	0.59	DEER
DEER	0.93	0.99		0.58	DEER
AFN	0.62	0.59	0.58		AFN
	CATR	DEER	DEER	AFN

Risk-Adjusted Indicators

There is a big difference between Deere Stock performing well and Deere CDR 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 Deere CDR'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
CATR	1.62	0.40	0.19	0.38	1.91	(1.77)	4.05	(3.54)	8.95
DEER	1.38	0.38	0.15	(1.21)	1.50	(1.58)	3.31	(2.80)	9.03
DEER	1.37	0.41	0.17	(4.45)	1.53	(1.45)	3.64	(2.80)	9.03
AFN	3.26	(0.14)	(0.01)	0.00	7.25	(3.60)	5.86	(4.87)	42.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Deere CDR 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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Deere CDR Corporate Executives

Elected by the shareholders, the Deere CDR's board of directors comprises two types of representatives: Deere CDR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deere. The board's role is to monitor Deere CDR's management team and ensure that shareholders' interests are well served. Deere CDR's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Deere CDR's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Joshua Jepsen	Senior CFO	Profile
	Jahmy Hindman	Senior CTO	Profile

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