Delivery Hero Correlations

DHER Stock

EUR 29.13 0.03 0.10%

The current 90-days correlation between Delivery Hero SE and PROSUS NV ADR is -0.09 (i.e., Good diversification). The correlation of Delivery Hero 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.

Delivery Hero Correlation With Market

Good diversification

The correlation between Delivery Hero SE and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delivery Hero SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Delivery Stock

0.8	5TI	TINC Comm VA	Pair Corr
0.74	LPS1	Lenox Pasifik Investama	Pair Corr
0.81	ADC	AdCapital AG	Pair Corr

Moving against Delivery Stock

0.91	ABEA	Alphabet Class A	Pair Corr
0.9	ABEA	Alphabet Class A	Pair Corr
0.9	ABEC	Alphabet	Pair Corr
0.86	FB2A	Meta Platforms	Pair Corr
0.86	OD7B	ETFS Coffee ETC	Pair Corr
0.83	FB2A	Meta Platforms	Pair Corr
0.62	IUI1	Intuitive Surgical Earnings Call This Week	Pair Corr
0.58	LIE	Sun Life Financial	Pair Corr
0.57	VP3	VIETNAM ENTERPRISE INV	Pair Corr
0.9	VRS	VERISIGN	Pair Corr
0.89	1YD	Broadcom	Pair Corr
0.87	C7T	CTT Correios	Pair Corr
0.86	APC	Apple Inc	Pair Corr
0.86	SNQB	SANOMA Dusseldorf	Pair Corr
0.86	Z56	QINGCI GAMES INC	Pair Corr
0.79	3BZ	Bank of Zhengzhou	Pair Corr
0.73	BOV	Apyx Medical Corp	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.71	XKR	KAR Auction Services	Pair Corr
0.69	MEC	Meiko Electronics	Pair Corr
0.68	CE1	Perdoceo Education	Pair Corr
0.63	FOO	Salesforce	Pair Corr
0.61	LIE	SUN LIFE FINANCIAL	Pair Corr
0.49	ZFI1	Zurich Insurance	Pair Corr
0.36	1FA	SPROUTS FARMERS MKT	Pair Corr
0.91	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.9	NH5	NH HOTEL GROUP	Pair Corr
0.87	C8C	Consolidated Communications	Pair Corr
0.84	KEL	Kellogg Company	Pair Corr

Related Correlations Analysis

	ABEA	ABEA	ABEC	FB2A	NNN1	FB2A	NNND	1YL	1TY	6Z1
ABEA		0.98	0.98	0.85	-0.25	0.84	-0.24	-0.47	-0.47	0.1	ABEA
ABEA	0.98		1.0	0.85	-0.23	0.88	-0.2	-0.42	-0.43	0.13	ABEA
ABEC	0.98	1.0		0.85	-0.21	0.88	-0.19	-0.41	-0.41	0.14	ABEC
FB2A	0.85	0.85	0.85		-0.19	0.95	-0.21	-0.3	-0.3	0.09	FB2A
NNN1	-0.25	-0.23	-0.21	-0.19		-0.17	0.71	0.73	0.73	-0.08	NNN1
FB2A	0.84	0.88	0.88	0.95	-0.17		-0.17	-0.26	-0.26	0.19	FB2A
NNND	-0.24	-0.2	-0.19	-0.21	0.71	-0.17		0.71	0.7	-0.05	NNND
1YL	-0.47	-0.42	-0.41	-0.3	0.73	-0.26	0.71		0.99	0.04	1YL
1TY	-0.47	-0.43	-0.41	-0.3	0.73	-0.26	0.7	0.99		0.04	1TY
6Z1	0.1	0.13	0.14	0.09	-0.08	0.19	-0.05	0.04	0.04		6Z1
	ABEA	ABEA	ABEC	FB2A	NNN1	FB2A	NNND	1YL	1TY	6Z1

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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

ABEC	+ 1.0	ABEA
1TY	+ 0.99	1YL
ABEA	+ 0.98	ABEA
ABEC	+ 0.98	ABEA
FB2A	+ 0.95	FB2A
FB2A	+ 0.88	ABEA

High negative correlations

1TY	- 0.47	ABEA
1YL	- 0.47	ABEA
1TY	- 0.43	ABEA
1YL	- 0.42	ABEA
1TY	- 0.41	ABEC
1YL	- 0.41	ABEC

Risk-Adjusted Indicators

There is a big difference between Delivery Stock performing well and Delivery Hero 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 Delivery Hero'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
ABEA	1.45	0.37	0.26	(14.97)	1.13	(1.77)	5.27	(1.94)	8.98
ABEA	1.22	0.38	0.21	7.63	1.23	(1.34)	4.28	(2.11)	10.85
ABEC	1.32	0.39	0.22	(2.55)	1.17	(1.39)	4.94	(2.16)	9.66
FB2A	1.55	0.18	0.09	(0.55)	1.62	(1.82)	3.80	(3.06)	7.59
NNN1	1.82	(0.08)	0.00	(1.44)	0.00	0.00	3.92	(2.91)	18.50
FB2A	1.28	0.17	0.10	1.09	1.39	(1.54)	2.90	(2.33)	7.25
NNND	1.67	(0.10)	0.00	3.71	0.00	0.00	3.59	(4.17)	12.95
1YL	1.10	(0.18)	0.00	(1.29)	0.00	0.00	2.24	(2.26)	11.90
1TY	1.20	(0.18)	0.00	(1.77)	0.00	0.00	2.31	(2.07)	13.53
6Z1	1.67	0.13	0.07	0.25	1.70	(2.05)	4.31	(2.69)	10.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in Delivery Hero 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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Delivery Hero Corporate Management

Elected by the shareholders, the Delivery Hero's board of directors comprises two types of representatives: Delivery Hero inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Delivery. The board's role is to monitor Delivery Hero's management team and ensure that shareholders' interests are well served. Delivery Hero'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, Delivery Hero's outside directors are responsible for providing unbiased perspectives on the board's policies.

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Christian Hardenberg	Chief Officer	Profile
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