Deneb Investments Correlations

DNB Stock

219.00 8.00 3.79%

The current 90-days correlation between Deneb Investments and Trematon Capital Investments is -0.19 (i.e., Good diversification). The correlation of Deneb Investments 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.

Deneb Investments Correlation With Market

Average diversification

The correlation between Deneb Investments and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deneb Investments and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Deneb Stock

0.7	KAP	Kap Industrial Holdings	Pair Corr
0.9	HCI	Hosken Consolidated	Pair Corr
0.72	ZED	Zeder Investments	Pair Corr

Moving against Deneb Stock

0.75	LTE	Lighthouse Capital	Pair Corr
0.65	AEL	Allied Electronics	Pair Corr
0.55	AEG	Aveng	Pair Corr

Related Correlations Analysis

	MCZ	BLU	ARA	TMT	CPI	SAR	HAR	HCI
MCZ		0.2	-0.23	0.52	0.21	0.19	0.02	0.31	MCZ
BLU	0.2		0.16	-0.29	-0.24	0.29	-0.02	-0.49	BLU
ARA	-0.23	0.16		-0.28	-0.25	0.32	-0.28	-0.43	ARA
TMT	0.52	-0.29	-0.28		0.25	0.03	-0.04	0.51	TMT
CPI	0.21	-0.24	-0.25	0.25		-0.54	-0.12	0.64	CPI
SAR	0.19	0.29	0.32	0.03	-0.54		0.21	-0.22	SAR
HAR	0.02	-0.02	-0.28	-0.04	-0.12	0.21		0.41	HAR
HCI	0.31	-0.49	-0.43	0.51	0.64	-0.22	0.41		HCI
	MCZ	BLU	ARA	TMT	CPI	SAR	HAR	HCI

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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

HCI	+ 0.64	CPI
TMT	+ 0.52	MCZ
HCI	+ 0.51	TMT
HCI	+ 0.41	HAR
SAR	+ 0.32	ARA
HCI	+ 0.31	MCZ

High negative correlations

SAR	- 0.54	CPI
HCI	- 0.49	BLU
HCI	- 0.43	ARA
TMT	- 0.29	BLU
HAR	- 0.28	ARA
TMT	- 0.28	ARA

Risk-Adjusted Indicators

There is a big difference between Deneb Stock performing well and Deneb Investments 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 Deneb Investments' 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
MCZ	2.34	(0.81)	0.00	3.13	0.00	0.00	2.58	(10.40)	27.89
BLU	1.12	(0.03)	0.00	(0.10)	0.00	0.00	2.28	(2.05)	7.85
ARA	0.88	0.09	0.02	(26.85)	1.27	(4.00)	3.03	(2.94)	13.15
TMT	2.02	0.09	0.01	0.35	3.70	(6.96)	7.60	(5.78)	38.55
CPI	0.79	(0.12)	0.00	(1.03)	0.00	0.00	1.61	(2.01)	4.45
SAR	1.05	0.19	0.00	0.76	0.00	0.00	3.17	0.00	25.05
HAR	1.86	(0.19)	0.00	0.81	0.00	0.00	4.39	(4.86)	11.12
HCI	1.04	(0.24)	0.00	1.27	0.00	0.00	1.51	(2.63)	8.46

Be your own money manager

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

Elected by the shareholders, the Deneb Investments' board of directors comprises two types of representatives: Deneb Investments inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deneb. The board's role is to monitor Deneb Investments' management team and ensure that shareholders' interests are well served. Deneb Investments' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Deneb Investments' outside directors are responsible for providing unbiased perspectives on the board's policies.

Stephen Rubidge	Group Exec	Profile
Ian Morris	Ex Distribution	Profile
Keith Robson	Corp Properties	Profile
Levin	Chief Officer	Profile
BCompt CA	Group CFO	Profile
Cheryl Philip	Company Sec	Profile

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