DGB Group Correlations
| DGB Stock | EUR 0.82 0.02 2.50% |
The current 90-days correlation between DGB Group NV and Alumexx NV is -0.02 (i.e., Good diversification). The correlation of DGB Group 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.
DGB Group Correlation With Market
Good diversification
The correlation between DGB Group NV and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DGB Group NV and DJI in the same portfolio, assuming nothing else is changed.
DGB |
The ability to find closely correlated positions to DGB Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DGB Group 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 DGB Group - 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 DGB Group NV to buy it.
Moving against DGB Stock
| 0.63 | HEIO | Heineken Holding | PairCorr |
| 0.53 | PHIA | Koninklijke Philips | PairCorr |
| 0.48 | INGA | ING Groep NV | PairCorr |
| 0.48 | ASML | ASML Holding NV | PairCorr |
| 0.45 | EXO | Exor NV | PairCorr |
| 0.42 | ABN | ABN Amro Group | PairCorr |
| 0.41 | UNA | Unilever PLC | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between DGB Stock performing well and DGB Group 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 DGB Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EAS2P | 2.24 | (0.24) | 0.00 | (0.19) | 0.00 | 4.44 | 13.04 | |||
| ALX | 1.11 | (0.01) | (0.05) | 0.06 | 1.37 | 2.44 | 14.75 | |||
| CTAC | 1.49 | (0.20) | 0.00 | (1.20) | 0.00 | 3.19 | 11.02 | |||
| IUHE | 0.49 | (0.18) | 0.00 | (0.31) | 0.00 | 0.82 | 3.78 | |||
| HYDRA | 2.03 | 0.26 | 0.04 | 1.80 | 2.76 | 6.67 | 15.62 | |||
| IUSP | 0.59 | 0.11 | 0.03 | 0.51 | 0.44 | 1.70 | 3.69 | |||
| VDOT | 3.11 | 1.00 | 0.19 | 1.07 | 1.55 | 15.25 | 25.31 | |||
| CMEX | 1.09 | (0.14) | 0.00 | (0.12) | 0.00 | 2.55 | 5.97 | |||
| AALB | 1.22 | (0.11) | 0.00 | (0.06) | 0.00 | 2.91 | 9.89 | |||
| VALUE | 1.18 | 0.00 | (0.05) | 0.15 | 1.38 | 3.45 | 8.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DGB Group 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.Did you try this?
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DGB Group Corporate Management
Elected by the shareholders, the DGB Group's board of directors comprises two types of representatives: DGB Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DGB. The board's role is to monitor DGB Group's management team and ensure that shareholders' interests are well served. DGB Group'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, DGB Group's outside directors are responsible for providing unbiased perspectives on the board's policies.