Decker Manufacturing Correlations
| DMFGDelisted Stock | USD 55.00 0.00 0.00% |
The current 90-days correlation between Decker Manufacturing and dynaCERT is -0.01 (i.e., Good diversification). The correlation of Decker Manufacturing 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.
Decker Manufacturing Correlation With Market
Very weak diversification
The correlation between Decker Manufacturing and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Decker Manufacturing and DJI in the same portfolio, assuming nothing else is changed.
Decker |
The ability to find closely correlated positions to Decker Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Decker Manufacturing 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 Decker Manufacturing - 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 Decker Manufacturing to buy it.
Moving together with Decker Pink Sheet
| 0.72 | TTNDF | Techtronic Industries Earnings Call Today | PairCorr |
| 0.74 | TTNDY | Techtronic Industries Earnings Call Today | PairCorr |
| 0.69 | SNA | Snap On | PairCorr |
| 0.72 | RBC | RBC Bearings | PairCorr |
| 0.71 | LECO | Lincoln Electric Holdings | PairCorr |
| 0.66 | SWK | Stanley Black Decker | PairCorr |
| 0.68 | TTC | Toro Earnings Call This Week | PairCorr |
| 0.63 | SKFRY | AB SKF | PairCorr |
| 0.61 | SKUFF | AB SKF | PairCorr |
| 0.67 | TKR | Timken Company | PairCorr |
| 0.79 | EC | Ecopetrol SA ADR Earnings Call Today | PairCorr |
| 0.79 | KEP | Korea Electric Power | PairCorr |
| 0.64 | XPO | XPO Logistics | PairCorr |
| 0.76 | TOELF | Tokyo Electron | PairCorr |
| 0.74 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.67 | FLRAF | Essentra plc | PairCorr |
| 0.67 | ENADF | Enad Global 7 | PairCorr |
| 0.67 | BXC | BlueLinx Holdings | PairCorr |
| 0.61 | TRIN | Trinity Capital | PairCorr |
| 0.66 | CVLG | Covenant Logistics | PairCorr |
Moving against Decker Pink Sheet
| 0.33 | PTAIF | PT Astra International | PairCorr |
| 0.67 | ZTCOF | ZTE Corp H Earnings Call This Week | PairCorr |
| 0.38 | ULTXF | Ultra Resources | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Decker Pink Sheet performing well and Decker Manufacturing 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 Decker Manufacturing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TTNMF | 2.04 | 0.53 | 0.05 | (0.87) | 3.22 | 6.38 | 57.43 | |||
| SSHPF | 2.27 | 1.07 | 0.00 | (10.56) | 0.00 | 0.00 | 79.74 | |||
| DYFSF | 4.62 | 0.77 | 0.05 | (1.03) | 5.19 | 16.67 | 30.95 | |||
| GEOUF | 1.67 | (0.91) | 0.00 | (4.44) | 0.00 | 0.00 | 42.65 | |||
| CIBY | 0.63 | 0.04 | (0.01) | (0.13) | 1.51 | 0.30 | 19.32 | |||
| JETMF | 2.97 | (0.28) | 0.00 | 0.52 | 0.00 | 5.56 | 22.05 | |||
| SUNTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YJGJ | 11.88 | 3.49 | 0.00 | 0.53 | 0.00 | 0.00 | 266.67 | |||
| GNOLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JANL | 3.49 | 0.98 | 0.08 | 32.26 | 3.04 | 17.65 | 59.62 |
Decker Manufacturing Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Decker Manufacturing pink sheet to make a market-neutral strategy. Peer analysis of Decker Manufacturing could also be used in its relative valuation, which is a method of valuing Decker Manufacturing by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Decker Manufacturing?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.