Dmg Blockchain Correlations
| DMGGF Stock | USD 0.19 0.01 5.56% |
The current 90-days correlation between Dmg Blockchain Solutions and Athena Bitcoin Global is 0.13 (i.e., Average diversification). The correlation of Dmg Blockchain 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.
Dmg Blockchain Correlation With Market
Average diversification
The correlation between Dmg Blockchain Solutions and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dmg Blockchain Solutions and DJI in the same portfolio, assuming nothing else is changed.
Dmg |
The ability to find closely correlated positions to Dmg Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dmg Blockchain 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 Dmg Blockchain - 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 Dmg Blockchain Solutions to buy it.
Moving together with Dmg OTC Stock
| 0.86 | CGXYY | China Galaxy Securities | PairCorr |
| 0.64 | IBKR | Interactive Brokers Normal Trading | PairCorr |
| 0.89 | GS-PA | Goldman Sachs Earnings Call Next Week | PairCorr |
| 0.92 | MS-PA | Morgan Stanley | PairCorr |
| 0.89 | GS-PD | Goldman Sachs Earnings Call Next Week | PairCorr |
| 0.61 | SSNLF | Samsung Electronics | PairCorr |
| 0.77 | MSFT | Microsoft Sell-off Trend | PairCorr |
| 0.8 | HPQ | HP Inc | PairCorr |
| 0.76 | HD | Home Depot | PairCorr |
Moving against Dmg OTC Stock
| 0.83 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.8 | FTV | Fortive Corp | PairCorr |
| 0.76 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.68 | MS | Morgan Stanley | PairCorr |
| 0.67 | GS | Goldman Sachs Group | PairCorr |
| 0.66 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.62 | PTAIY | Astra International Tbk | PairCorr |
| 0.6 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.36 | SCHW | Charles Schwab Corp | PairCorr |
| 0.35 | PBCRY | Bank Central Asia | PairCorr |
| 0.81 | DD | Dupont De Nemours | PairCorr |
| 0.79 | CSCO | Cisco Systems | PairCorr |
| 0.78 | TRV | The Travelers Companies | PairCorr |
| 0.7 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.65 | BAC | Bank of America | PairCorr |
| 0.61 | CAT | Caterpillar | PairCorr |
| 0.55 | MCD | McDonalds | PairCorr |
| 0.52 | WMT | Walmart Common Stock Sell-off Trend | PairCorr |
| 0.51 | JPM | JPMorgan Chase Earnings Call Next Week | PairCorr |
| 0.48 | IBM | International Business | PairCorr |
| 0.45 | VZ | Verizon Communications | 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 Dmg OTC Stock performing well and Dmg Blockchain OTC Stock 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 Dmg Blockchain'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABIT | 7.08 | (2.15) | 0.00 | (0.49) | 0.00 | 11.11 | 37.43 | |||
| NPPTF | 5.36 | (0.10) | 0.03 | 0.05 | 5.56 | 8.54 | 57.66 | |||
| GBCHF | 31.79 | 13.94 | 0.00 | 1.86 | 0.00 | 0.00 | 1,100 | |||
| PNPFF | 1.86 | (0.21) | 0.00 | (0.23) | 0.00 | 4.97 | 24.53 | |||
| BZRD | 24.40 | 7.31 | 0.39 | 0.66 | 14.43 | 42.86 | 531.11 | |||
| SBNY | 5.19 | 1.42 | 0.16 | (0.69) | 4.35 | 16.00 | 70.46 | |||
| CLSPF | 0.70 | 0.35 | 0.00 | 10.55 | 0.00 | 1.68 | 12.00 | |||
| ASASF | 0.79 | (0.38) | 0.00 | 0.93 | 0.00 | 0.00 | 25.00 | |||
| SOUB | 1.52 | (0.69) | 0.00 | (1.70) | 0.00 | 2.01 | 10.08 | |||
| CMHF | 0.50 | (0.15) | 0.00 | (4.60) | 0.00 | 0.56 | 5.01 |
Be your own money manager
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Dmg Blockchain Corporate Management
Elected by the shareholders, the Dmg Blockchain's board of directors comprises two types of representatives: Dmg Blockchain inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dmg. The board's role is to monitor Dmg Blockchain's management team and ensure that shareholders' interests are well served. Dmg Blockchain'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, Dmg Blockchain's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Steven Eliscu | Chief Officer | Profile | |
| Heather Sim | CFO Sec | Profile | |
| Adrian Glover | Chief Officer | Profile | |
| Sheldon Bennett | CEO Director | Profile | |
| Darren Amner | Corp Mang | Profile |