Christian Dior Correlations

DIO Stock

EUR 636.00 20.50 3.12%

The current 90-days correlation between Christian Dior SE and BAKED GAMES SA is -0.09 (i.e., Good diversification). The correlation of Christian Dior 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.

Christian Dior Correlation With Market

Good diversification

The correlation between Christian Dior SE and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Christian Dior SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Christian Stock

0.96	MOHF	LVMH Mot Hennessy	Pair Corr
0.96	MOH	LVMH Mot Hennessy	Pair Corr
0.96	MOH	LVMH Mot Hennessy	Pair Corr
0.95	HMI	Herms International Socit	Pair Corr
0.94	DIO0	CHRISTIAN DIOR ADR14EO2	Pair Corr
0.94	RIT1	Compagnie Financière	Pair Corr
0.88	PPXB	KERINGUNSPADR 1/10 Earnings Call This Week	Pair Corr
0.89	SAP	SAP SE	Pair Corr
0.88	AIR	Airbus SE	Pair Corr
0.7	6EQ	EQT AB	Pair Corr
0.68	DBPE	Xtrackers LevDAX	Pair Corr
0.66	E908	Lyxor 1	Pair Corr

Moving against Christian Stock

0.69	DBPD	Xtrackers ShortDAX	Pair Corr
0.65	SSUN	Samsung Electronics	Pair Corr
0.55	SSUN	Samsung Electronics	Pair Corr
0.48	SSU	Samsung Electronics	Pair Corr
0.47	SSU	Samsung Electronics	Pair Corr
0.34	ASJA	ASTRA INTERNATIONAL	Pair Corr

Related Correlations Analysis

	4U6	9XJ	BO5	9JU	OS3	INW	7VS	TKE
4U6		0.49	0.56	0.59	0.19	0.41	0.13	0.15	4U6
9XJ	0.49		0.49	0.64	-0.27	0.53	0.45	-0.17	9XJ
BO5	0.56	0.49		0.46	-0.29	0.61	0.68	0.58	BO5
9JU	0.59	0.64	0.46		-0.13	0.19	0.33	-0.02	9JU
OS3	0.19	-0.27	-0.29	-0.13		-0.18	-0.61	-0.13	OS3
INW	0.41	0.53	0.61	0.19	-0.18		0.64	0.39	INW
7VS	0.13	0.45	0.68	0.33	-0.61	0.64		0.43	7VS
TKE	0.15	-0.17	0.58	-0.02	-0.13	0.39	0.43		TKE
	4U6	9XJ	BO5	9JU	OS3	INW	7VS	TKE

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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

7VS	+ 0.68	BO5
9JU	+ 0.64	9XJ
7VS	+ 0.64	INW
INW	+ 0.61	BO5
9JU	+ 0.59	4U6
TKE	+ 0.58	BO5

High negative correlations

7VS	- 0.61	OS3
OS3	- 0.29	BO5
OS3	- 0.27	9XJ
INW	- 0.18	OS3
TKE	- 0.17	9XJ
TKE	- 0.13	OS3

Risk-Adjusted Indicators

There is a big difference between Christian Stock performing well and Christian Dior 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 Christian Dior'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
4U6	3.12	0.42	0.08	1.26	3.20	(4.83)	10.71	(6.45)	24.84
9XJ	2.54	0.01	(0.01)	0.17	3.40	(6.85)	5.88	(9.09)	22.29
BO5	1.08	0.17	0.07	6.83	0.99	(1.56)	2.24	(2.07)	6.59
9JU	2.98	0.51	0.10	(5.29)	3.52	(3.90)	7.58	(6.21)	21.77
OS3	1.19	(0.04)	0.00	(0.09)	0.00	0.00	3.17	(1.59)	7.69
INW	1.38	0.17	0.07	0.38	1.31	(2.35)	5.41	(3.31)	10.61
7VS	1.51	0.37	0.14	1.68	1.90	(1.73)	3.92	(2.66)	12.66
TKE	1.07	0.25	0.13	8.33	1.13	(1.14)	2.76	(2.36)	9.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in Christian Dior 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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