Deluxe Correlations

DL8 Stock

EUR 22.60 0.20 0.89%

The current 90-days correlation between Deluxe and MBIA is 0.25 (i.e., Modest diversification). The correlation of Deluxe 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.

Deluxe Correlation With Market

Very poor diversification

The correlation between Deluxe and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deluxe and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Deluxe Stock

0.8	S0V	Seaboard	Pair Corr
0.61	WNI	WHITE MTNS INS	Pair Corr
0.91	7LB	Lotus Bakeries NV	Pair Corr
0.81	TEQ	Telenor ASA	Pair Corr
0.65	IMP	IMPERIAL OIL	Pair Corr
0.84	SHG	Sun Hung Kai Earnings Call Tomorrow	Pair Corr
0.77	SK3	Smurfit Kappa Group	Pair Corr
0.95	GWW	WW Grainger	Pair Corr
0.77	4OQ1	AGNC Investment Corp	Pair Corr
0.68	D2G	Orsted AS	Pair Corr
0.88	CHV	Chevron	Pair Corr
0.8	TEX	Castellum AB	Pair Corr
0.71	32GA	Thunderbird Entertainment	Pair Corr
0.91	1WT	WisdomTree Investments	Pair Corr
0.74	FUCA	FANUC PUNSPADR 110	Pair Corr
0.78	R6N	Retail Estates NV	Pair Corr
0.61	CI9	CITIC SECURITIES-H-	Pair Corr
0.61	EMD	ENM Holdings Limited	Pair Corr
0.66	RE3	Richardson Electronics	Pair Corr
0.86	NE0	NEXA RESOURCES SA Earnings Call Tomorrow	Pair Corr
0.72	L3XC	Centrais Elétricas Earnings Call Tomorrow	Pair Corr
0.73	KIN2	Kinross Gold	Pair Corr
0.63	V1L	Valero Energy	Pair Corr
0.84	KOM1	KOMATSU	Pair Corr
0.64	TGR	YUM BRANDS	Pair Corr
0.68	BRE	Banco Bradesco SA	Pair Corr
0.71	GZM0	FEEDBACK PLC LS	Pair Corr
0.71	KPN	Koninklijke KPN NV	Pair Corr
0.79	FPP0	ALTYNGOLD PLC LS	Pair Corr

Moving against Deluxe Stock

0.59	BRH	Berkshire Hathaway Earnings Call This Week	Pair Corr
0.74	DBPD	Xtrackers ShortDAX	Pair Corr
0.41	06L	PT Global Mediacom	Pair Corr

Related Correlations Analysis

	0S6	TLIK	BT3	MS9	IB5A	MBJ	MBJ	TZO	AJW	9R5
0S6		-0.3	-0.05	0.0	0.52	0.38	0.0	-0.58	-0.09	-0.52	0S6
TLIK	-0.3		0.2	0.0	0.25	0.26	0.27	0.12	0.42	0.34	TLIK
BT3	-0.05	0.2		0.0	0.54	0.73	0.88	-0.19	0.73	0.23	BT3
MS9	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MS9
IB5A	0.52	0.25	0.54	0.0		0.86	0.59	-0.56	0.49	-0.23	IB5A
MBJ	0.38	0.26	0.73	0.0	0.86		0.81	-0.46	0.69	-0.07	MBJ
MBJ	0.0	0.27	0.88	0.0	0.59	0.81		-0.23	0.82	0.21	MBJ
TZO	-0.58	0.12	-0.19	0.0	-0.56	-0.46	-0.23		-0.07	0.42	TZO
AJW	-0.09	0.42	0.73	0.0	0.49	0.69	0.82	-0.07		0.38	AJW
9R5	-0.52	0.34	0.23	0.0	-0.23	-0.07	0.21	0.42	0.38		9R5
	0S6	TLIK	BT3	MS9	IB5A	MBJ	MBJ	TZO	AJW	9R5

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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

MBJ	+ 0.88	BT3
MBJ	+ 0.86	IB5A
AJW	+ 0.82	MBJ
MBJ	+ 0.81	MBJ
MBJ	+ 0.73	BT3
AJW	+ 0.73	BT3

High negative correlations

TZO	- 0.58	0S6
TZO	- 0.56	IB5A
9R5	- 0.52	0S6
TZO	- 0.46	MBJ
TLIK	- 0.3	0S6
TZO	- 0.23	MBJ

Risk-Adjusted Indicators

There is a big difference between Deluxe Stock performing well and Deluxe 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 Deluxe'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
0S6	3.81	0.17	0.01	(0.65)	4.68	(4.21)	8.78	(6.67)	51.37
TLIK	13.45	3.41	0.09	(0.57)	15.01	(32.53)	28.57	(31.58)	202.56
BT3	1.27	(0.22)	0.00	10.25	0.00	0.00	3.55	(3.45)	10.53
MS9	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IB5A	1.09	(0.62)	0.00	(1.82)	0.00	0.00	0.00	(4.55)	15.79
MBJ	1.74	(0.38)	0.00	(2.79)	0.00	0.00	3.20	(3.77)	11.12
MBJ	0.99	(0.15)	0.00	1.28	0.00	0.00	2.36	(3.03)	12.66
TZO	11.62	2.20	0.13	(3.28)	10.51	(21.17)	28.91	(22.42)	90.14
AJW	0.93	(0.36)	0.00	0.92	0.00	0.00	0.00	(2.94)	6.16
9R5	71.47	37.10	0.00	(0.89)	0.00	0.00	400.00	(71.43)	833.33

Be your own money manager

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

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

Nan Palmer	Executive Assistant	Profile
Kimberly Cross	Senior Officer	Profile
Brian Anderson	Vice Relations	Profile
Garry Capers	Senior Payments	Profile
Kristopher Lazzaretti	Senior Data	Profile
Michael Reed	VP Payments	Profile

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