DINE SAB Correlations

DINEB Stock

MXN 22.87 0.00 0.00%

The current 90-days correlation between DINE SAB de and SPDR Series Trust is -0.24 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DINE SAB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DINE SAB de moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DINE SAB Correlation With Market

Average diversification

The correlation between DINE SAB de and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DINE SAB de and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against DINE Stock

0.58	LUV	Southwest Airlines	Pair Corr
0.58	BMY	Bristol Myers Squibb	Pair Corr
0.54	NFLX	Netflix	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.46	TSMN	Taiwan Semiconductor	Pair Corr
0.46	INTC	Intel	Pair Corr
0.41	AAPL	Apple Inc	Pair Corr

Related Correlations Analysis

	UNH	LMT	XLU	XOP	FGEN	EIDO	BIIB	AMP	FEZ	FDX
UNH		-0.09	0.29	0.54	-0.05	0.11	-0.43	0.4	-0.31	0.63	UNH
LMT	-0.09		0.24	0.1	-0.31	-0.1	-0.12	0.22	0.22	-0.48	LMT
XLU	0.29	0.24		0.62	-0.27	0.07	-0.65	0.75	-0.06	0.09	XLU
XOP	0.54	0.1	0.62		-0.24	-0.01	-0.85	0.64	-0.42	0.33	XOP
FGEN	-0.05	-0.31	-0.27	-0.24		-0.54	0.36	-0.32	-0.22	0.15	FGEN
EIDO	0.11	-0.1	0.07	-0.01	-0.54		-0.26	0.09	-0.14	0.0	EIDO
BIIB	-0.43	-0.12	-0.65	-0.85	0.36	-0.26		-0.67	0.44	-0.25	BIIB
AMP	0.4	0.22	0.75	0.64	-0.32	0.09	-0.67		-0.11	0.12	AMP
FEZ	-0.31	0.22	-0.06	-0.42	-0.22	-0.14	0.44	-0.11		-0.32	FEZ
FDX	0.63	-0.48	0.09	0.33	0.15	0.0	-0.25	0.12	-0.32		FDX
	UNH	LMT	XLU	XOP	FGEN	EIDO	BIIB	AMP	FEZ	FDX

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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

AMP	+ 0.75	XLU
AMP	+ 0.64	XOP
FDX	+ 0.63	UNH
XOP	+ 0.62	XLU
XOP	+ 0.54	UNH
FEZ	+ 0.44	BIIB

High negative correlations

BIIB	- 0.85	XOP
AMP	- 0.67	BIIB
BIIB	- 0.65	XLU
EIDO	- 0.54	FGEN
FDX	- 0.48	LMT
BIIB	- 0.43	UNH

Risk-Adjusted Indicators

There is a big difference between DINE Stock performing well and DINE SAB 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 DINE SAB'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
UNH	1.32	0.26	0.03	(0.35)	2.10	(1.57)	2.59	(2.70)	11.25
LMT	0.73	0.00	(0.03)	0.13	1.14	(2.44)	3.73	(1.83)	12.38
XLU	1.55	0.30	0.06	(0.86)	1.65	(2.16)	4.28	(3.39)	9.62
XOP	0.89	0.24	0.05	12.12	0.68	(3.18)	4.19	(1.64)	9.18
FGEN	2.17	0.16	0.00	(0.18)	3.54	(10.31)	12.41	(8.54)	33.83
EIDO	0.21	(0.03)	0.00	(0.54)	0.00	0.00	0.00	0.00	11.31
BIIB	1.02	(0.25)	0.00	0.81	0.00	0.00	2.27	(4.36)	13.78
AMP	1.41	0.75	0.00	(1.62)	0.00	0.00	2.10	0.00	17.80
FEZ	0.73	(0.03)	0.00	(2.56)	0.00	0.00	3.43	(3.05)	12.91
FDX	1.27	0.13	0.01	1.04	2.53	(1.71)	2.75	(2.57)	16.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in DINE SAB 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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