DeNA Co Correlations

DNACF Stock

USD 16.43 0.07 0.42%

The correlation of DeNA Co 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.

DeNA Co Correlation With Market

Very good diversification

The correlation between DeNA Co and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DeNA Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against DeNA Pink Sheet

0.67	FCAP	First Capital Downward Rally	Pair Corr
0.55	FMCB	Farmers Merchants Bancorp	Pair Corr
0.51	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.49	NEXOF	NEXON Co Earnings Call This Week	Pair Corr
0.45	GURE	Gulf Resources Common	Pair Corr
0.31	GGLDF	Getchell Gold Corp	Pair Corr
0.46	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.44	NFG	National Fuel Gas	Pair Corr
0.35	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.35	MRK	Merck Company Aggressive Push	Pair Corr
0.35	JNJ	Johnson Johnson	Pair Corr
0.34	JPM	JPMorgan Chase	Pair Corr
0.32	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	MIXIF	PRXXF	APELF	THQQF	VTKLY	VTKLF	JELLF	SLOIF	AIXXF	HLTEF
MIXIF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MIXIF
PRXXF	0.0		0.0	0.56	0.31	0.37	0.0	0.23	-0.67	0.48	PRXXF
APELF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	APELF
THQQF	0.0	0.56	0.0		0.22	0.58	0.0	0.49	-0.66	0.82	THQQF
VTKLY	0.0	0.31	0.0	0.22		0.15	0.0	0.12	-0.13	0.04	VTKLY
VTKLF	0.0	0.37	0.0	0.58	0.15		0.0	0.4	-0.34	0.45	VTKLF
JELLF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JELLF
SLOIF	0.0	0.23	0.0	0.49	0.12	0.4	0.0		-0.17	0.64	SLOIF
AIXXF	0.0	-0.67	0.0	-0.66	-0.13	-0.34	0.0	-0.17		-0.53	AIXXF
HLTEF	0.0	0.48	0.0	0.82	0.04	0.45	0.0	0.64	-0.53		HLTEF
	MIXIF	PRXXF	APELF	THQQF	VTKLY	VTKLF	JELLF	SLOIF	AIXXF	HLTEF

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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

HLTEF	+ 0.82	THQQF
HLTEF	+ 0.64	SLOIF
VTKLF	+ 0.58	THQQF
THQQF	+ 0.56	PRXXF
SLOIF	+ 0.49	THQQF
HLTEF	+ 0.48	PRXXF

High negative correlations

AIXXF	- 0.67	PRXXF
AIXXF	- 0.66	THQQF
HLTEF	- 0.53	AIXXF
AIXXF	- 0.34	VTKLF
AIXXF	- 0.17	SLOIF
AIXXF	- 0.13	VTKLY

Risk-Adjusted Indicators

There is a big difference between DeNA Pink Sheet performing well and DeNA Co 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 DeNA Co'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
MIXIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRXXF	0.89	(0.44)	0.00	(1.64)	0.00	0.00	0.11	(3.23)	17.31
APELF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THQQF	1.96	(0.94)	0.00	0.62	0.00	0.00	0.00	(6.54)	31.73
VTKLY	1.88	(0.03)	0.00	0.19	0.00	0.00	3.37	(3.83)	15.61
VTKLF	0.21	(0.06)	0.00	(0.43)	0.00	0.00	0.00	(0.51)	6.30
JELLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLOIF	2.98	(0.29)	0.00	(1.39)	0.00	0.00	7.50	(7.70)	32.00
AIXXF	2.91	0.33	0.12	0.26	2.80	(3.80)	9.67	(4.79)	17.99
HLTEF	0.16	(0.08)	0.00	1.67	0.00	0.00	0.00	0.00	5.07

Be your own money manager

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

Ryosuke Saito	Head Dept	Profile
Megumi Uchino	Head Unit	Profile
Susa Abe	Head BOD	Profile
Inamura Nahoko	Head Office	Profile

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