Detalion Games Correlations

DEG Stock

0.96 0.06 6.67%

The current 90-days correlation between Detalion Games SA and Banco Santander SA is -0.21 (i.e., Very good diversification). The correlation of Detalion Games 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.

Detalion Games Correlation With Market

Average diversification

The correlation between Detalion Games SA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Detalion Games SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Detalion Stock

0.8	PKN	Polski Koncern Naftowy	Pair Corr
0.82	ALE	Allegroeu SA	Pair Corr
0.66	SPL	Santander Bank Polska	Pair Corr
0.73	PEO	Bank Polska Kasa	Pair Corr
0.7	ING	ING Bank lski	Pair Corr
0.78	MBK	mBank SA	Pair Corr
0.84	BNP	BNP Paribas Bank	Pair Corr

Moving against Detalion Stock

0.69	UCG	UniCredit SpA	Pair Corr
0.68	CEZ	CEZ as	Pair Corr
0.65	SAN	Banco Santander SA	Pair Corr
0.64	DNP	Dino Polska SA	Pair Corr

Related Correlations Analysis

	SAN	UCG	CEZ	PKN	DNP	ALE	SPL	KGH	PCO	PEO
SAN		0.68	0.4	-0.6	0.42	-0.46	-0.45	0.33	-0.07	-0.41	SAN
UCG	0.68		0.57	-0.8	0.53	-0.57	-0.51	0.2	-0.19	-0.51	UCG
CEZ	0.4	0.57		-0.66	0.55	-0.62	-0.3	-0.29	-0.59	-0.44	CEZ
PKN	-0.6	-0.8	-0.66		-0.61	0.68	0.67	0.0	0.42	0.66	PKN
DNP	0.42	0.53	0.55	-0.61		-0.78	-0.44	-0.12	-0.19	-0.41	DNP
ALE	-0.46	-0.57	-0.62	0.68	-0.78		0.62	0.19	0.4	0.75	ALE
SPL	-0.45	-0.51	-0.3	0.67	-0.44	0.62		-0.35	0.02	0.88	SPL
KGH	0.33	0.2	-0.29	0.0	-0.12	0.19	-0.35		0.78	-0.13	KGH
PCO	-0.07	-0.19	-0.59	0.42	-0.19	0.4	0.02	0.78		0.23	PCO
PEO	-0.41	-0.51	-0.44	0.66	-0.41	0.75	0.88	-0.13	0.23		PEO
	SAN	UCG	CEZ	PKN	DNP	ALE	SPL	KGH	PCO	PEO

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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

PEO	+ 0.88	SPL
PCO	+ 0.78	KGH
PEO	+ 0.75	ALE
UCG	+ 0.68	SAN
ALE	+ 0.68	PKN
SPL	+ 0.67	PKN

High negative correlations

PKN	- 0.8	UCG
ALE	- 0.78	DNP
PKN	- 0.66	CEZ
ALE	- 0.62	CEZ
DNP	- 0.61	PKN
PKN	- 0.6	SAN

Risk-Adjusted Indicators

There is a big difference between Detalion Stock performing well and Detalion Games 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 Detalion Games' 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
SAN	1.32	0.05	0.00	0.22	2.10	(1.27)	2.22	(3.53)	9.22
UCG	1.49	(0.01)	(0.04)	0.07	1.87	(2.08)	2.84	(4.30)	9.55
CEZ	0.99	0.14	0.03	1.61	1.05	(1.18)	1.96	(1.87)	6.79
PKN	1.28	(0.17)	0.00	(1.58)	0.00	0.00	2.50	(2.83)	7.71
DNP	2.02	0.17	0.04	0.57	2.29	(2.52)	5.03	(2.77)	16.97
ALE	1.47	(0.44)	0.00	(1.23)	0.00	0.00	2.37	(3.49)	15.02
SPL	1.47	(0.23)	0.00	(0.68)	0.00	0.00	2.97	(3.09)	11.50
KGH	1.74	(0.10)	0.00	(0.19)	0.00	0.00	3.84	(3.69)	14.11
PCO	1.66	(0.22)	0.00	(0.30)	0.00	0.00	3.43	(3.14)	11.47
PEO	1.59	(0.23)	0.00	(0.32)	0.00	0.00	3.00	(3.09)	10.89

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Our tools can tell you how much better you can do entering a position in Detalion Games 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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