DHT Holdings Correlations

DHT Stock

USD 15.48 0.42 2.79%

The current 90-days correlation between DHT Holdings and Nixxy Inc is -0.05 (i.e., Good diversification). The correlation of DHT Holdings 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.

DHT Holdings Correlation With Market

Weak diversification

The correlation between DHT Holdings and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DHT Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DHT Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DHT Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy DHT Stock please use our How to Invest in DHT Holdings guide.

Moving together with DHT Stock

0.83	ET	Energy Transfer LP Earnings Call This Week	Pair Corr
0.94	TK	Teekay Earnings Call This Week	Pair Corr
0.69	P5P	Pembina Pipeline Corp	Pair Corr
0.72	EPD	Enterprise Products	Pair Corr
0.65	GLP	Global Partners LP	Pair Corr
0.74	KMI	Kinder Morgan Aggressive Push	Pair Corr
0.7	NGL	NGL Energy Partners	Pair Corr
0.63	GASS	StealthGas	Pair Corr
0.73	WMB	Williams Companies	Pair Corr
0.82	PPL	Pembina Pipeline Corp	Pair Corr
0.63	RILYL	B Riley Financial	Pair Corr
0.63	RCKY	Rocky Brands	Pair Corr
0.69	TFLM	TFLM	Pair Corr

Moving against DHT Stock

0.39	GGLDF	Getchell Gold Corp	Pair Corr
0.67	IVVD	Invivyd	Pair Corr
0.51	OMC	Omnicom Group Downward Rally	Pair Corr
0.44	JUPGF	Jupiter Gold	Pair Corr
0.36	FCAP	First Capital	Pair Corr
0.35	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	PSHG	PXS	VNTG	NCT	GLBS	CTRM	XTIA	SIDU	EHLD	NIXX
PSHG		-0.35	0.01	0.21	0.1	0.16	-0.54	-0.54	0.56	0.48	PSHG
PXS	-0.35		-0.52	-0.63	0.5	0.49	0.64	0.45	-0.66	-0.75	PXS
VNTG	0.01	-0.52		0.46	-0.45	-0.34	-0.16	-0.21	0.35	0.57	VNTG
NCT	0.21	-0.63	0.46		-0.81	-0.62	-0.33	-0.7	0.53	0.64	NCT
GLBS	0.1	0.5	-0.45	-0.81		0.62	0.24	0.52	-0.29	-0.41	GLBS
CTRM	0.16	0.49	-0.34	-0.62	0.62		0.03	0.24	-0.31	-0.31	CTRM
XTIA	-0.54	0.64	-0.16	-0.33	0.24	0.03		0.67	-0.48	-0.43	XTIA
SIDU	-0.54	0.45	-0.21	-0.7	0.52	0.24	0.67		-0.46	-0.5	SIDU
EHLD	0.56	-0.66	0.35	0.53	-0.29	-0.31	-0.48	-0.46		0.75	EHLD
NIXX	0.48	-0.75	0.57	0.64	-0.41	-0.31	-0.43	-0.5	0.75		NIXX
	PSHG	PXS	VNTG	NCT	GLBS	CTRM	XTIA	SIDU	EHLD	NIXX

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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

NIXX	+ 0.75	EHLD
SIDU	+ 0.67	XTIA
XTIA	+ 0.64	PXS
NIXX	+ 0.64	NCT
CTRM	+ 0.62	GLBS
NIXX	+ 0.57	VNTG

High negative correlations

GLBS	- 0.81	NCT
NIXX	- 0.75	PXS
SIDU	- 0.7	NCT
EHLD	- 0.66	PXS
NCT	- 0.63	PXS
CTRM	- 0.62	NCT

Risk-Adjusted Indicators

There is a big difference between DHT Stock performing well and DHT Holdings 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 DHT Holdings' 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
PSHG	2.49	(0.02)	(0.01)	0.07	3.27	(2.89)	5.77	(6.76)	16.86
PXS	2.12	0.43	0.15	1.61	2.01	(2.65)	7.82	(3.61)	15.75
VNTG	2.77	0.03	(0.01)	0.24	3.31	(3.88)	6.93	(7.22)	22.86
NCT	5.69	(2.08)	0.00	(0.61)	0.00	0.00	10.53	(15.52)	46.11
GLBS	2.96	0.64	0.12	(78.53)	2.96	(4.26)	12.58	(7.01)	26.30
CTRM	2.76	0.25	0.07	0.33	3.33	(3.20)	8.37	(4.98)	22.85
XTIA	4.59	0.26	0.05	0.37	4.37	(5.98)	12.33	(7.36)	25.06
SIDU	12.23	2.26	0.25	0.76	9.23	(16.87)	34.88	(15.83)	125.36
EHLD	0.92	(0.15)	0.00	(34.84)	0.00	0.00	2.14	(2.10)	9.31
NIXX	4.17	(1.51)	0.00	(0.60)	0.00	0.00	7.27	(9.52)	36.41

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