Dimand SA Correlations

DIMAND Stock

13.25 0.05 0.38%

The current 90-days correlation between Dimand SA and Thrace Plastics Holding is 0.23 (i.e., Modest diversification). The correlation of Dimand SA 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.

Dimand SA Correlation With Market

Very poor diversification

The correlation between Dimand SA and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimand SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dimand Stock

0.81	EEE	Coca Cola HBC	Pair Corr
0.94	EUROB	Eurobank Ergasias	Pair Corr
0.91	ETE	National Bank	Pair Corr
0.88	ALPHA	Alpha Services	Pair Corr
0.93	PPC	Public Power	Pair Corr
0.91	TPEIR	Piraeus Financial	Pair Corr
0.87	MOH	Motor Oil Corinth	Pair Corr
0.91	TELL	Bank of Greece	Pair Corr
0.68	SIDMA	Sidma SA Steel	Pair Corr
0.71	ATRUST	Alpha Trust Mutual	Pair Corr
0.88	ELPE	Hellenic Petroleum	Pair Corr
0.73	SPACE	Space Hellas SA	Pair Corr
0.93	AKTR	AKTR	Pair Corr
0.83	MEVA	Mevaco SA	Pair Corr
0.78	ORILINA	Orilina Properties REIC	Pair Corr
0.85	KYLO	Loulis Mills SA	Pair Corr
0.7	KORDE	Kordellos Ch Bros	Pair Corr
0.87	VIO	Viohalco SA	Pair Corr
0.92	ELHA	Elvalhalcor Hellenic	Pair Corr
0.78	PROFK	Pipe Works L	Pair Corr
0.62	PROF	Profile Systems Software	Pair Corr
0.8	KRI	Kri Kri Milk	Pair Corr
0.92	EKTER	Ekter SA	Pair Corr
0.72	PERF	Performance Technologies	Pair Corr
0.97	AVAX	Avax SA	Pair Corr
0.85	PAP	Papoutsanis SA	Pair Corr
0.92	CENER	Cenergy Holdings	Pair Corr
0.93	INKAT	Intracom Constructions	Pair Corr
0.92	TRASTOR	Trastor Real Estate	Pair Corr
0.7	OLTH	Thessaloniki Port	Pair Corr

Moving against Dimand Stock

0.84	DAIOS	Daios Plastics SA	Pair Corr
0.7	ATEK	Attica Publications	Pair Corr
0.68	HTO	Hellenic Telecommunicatio	Pair Corr
0.51	XYLEK	Interwood Xylemporia	Pair Corr

Related Correlations Analysis

	ELTON	MTLN	PLAT	PROF	ASCO	OLYMP	GEBKA
ELTON		0.16	0.49	0.75	0.45	0.74	0.41	ELTON
MTLN	0.16		0.22	0.12	0.1	0.14	0.03	MTLN
PLAT	0.49	0.22		0.57	0.29	0.69	0.21	PLAT
PROF	0.75	0.12	0.57		0.37	0.65	0.49	PROF
ASCO	0.45	0.1	0.29	0.37		0.6	0.79	ASCO
OLYMP	0.74	0.14	0.69	0.65	0.6		0.5	OLYMP
GEBKA	0.41	0.03	0.21	0.49	0.79	0.5		GEBKA
	ELTON	MTLN	PLAT	PROF	ASCO	OLYMP	GEBKA

Risk-Adjusted Indicators

There is a big difference between Dimand Stock performing well and Dimand SA 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 Dimand SA'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
ELTON	1.15	(0.02)	(0.05)	(0.02)	1.23	(1.46)	3.13	(2.03)	8.53
MTLN	1.64	(0.18)	0.00	0.29	0.00	0.00	3.69	(2.82)	19.98
PLAT	0.83	0.08	0.04	0.33	0.79	(1.12)	2.05	(1.59)	7.04
PROF	1.25	0.08	0.01	(0.43)	1.21	(1.46)	2.94	(1.76)	8.43
ASCO	0.92	0.00	0.04	0.00	1.01	(1.09)	1.76	(1.96)	5.50
OLYMP	1.10	0.06	(0.02)	(0.13)	1.17	(1.35)	2.63	(2.08)	5.72
GEBKA	1.41	0.20	0.08	0.69	1.52	(1.68)	3.52	(2.88)	9.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dimand SA 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?

Run Watchlist Optimization Now

Watchlist Optimization

Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC