Dom Development Correlations
| DOM Stock | 273.00 3.00 1.11% |
The current 90-days correlation between Dom Development SA and Develia SA is 0.18 (i.e., Average diversification). The correlation of Dom Development 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Dom Development Correlation With Market
Poor diversification
The correlation between Dom Development SA and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dom Development SA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Dom Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dom Development 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 Dom Development - 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 Dom Development SA to buy it.
Moving together with Dom Stock
| 0.64 | DVL | Develia SA | PairCorr |
| 0.63 | BNP | BNP Paribas Bank | PairCorr |
| 0.64 | EUC | Europejskie Centrum | PairCorr |
| 0.74 | CAR | Inter Cars SA | PairCorr |
| 0.72 | XTB | X Trade Brokers | PairCorr |
| 0.67 | TEN | TEN SQUARE GAMES | PairCorr |
| 0.75 | ART | Artifex Mundi SA | PairCorr |
| 0.81 | SNT | Synektik SA | PairCorr |
| 0.68 | BKD | Baked Games SA | PairCorr |
| 0.65 | GRX | GreenX Metals | PairCorr |
| 0.72 | WWL | WAWEL SA | PairCorr |
| 0.7 | PCR | PCC Rokita SA | PairCorr |
| 0.77 | ATP | Atlanta Poland SA | PairCorr |
| 0.76 | NWG | Newag SA | PairCorr |
| 0.83 | KTY | Grupa KTY SA | PairCorr |
Moving against Dom Stock
| 0.59 | GTC | Globe Trade Centre | PairCorr |
| 0.53 | ALE | Allegroeu SA | PairCorr |
| 0.49 | CEZ | CEZ as | PairCorr |
| 0.46 | DNP | Dino Polska SA | PairCorr |
| 0.4 | KCI | KCI SA | PairCorr |
Related Correlations Analysis
| 0.9 | 0.83 | 0.89 | 0.91 | 0.74 | 0.29 | DVL | ||
| 0.9 | 0.89 | 0.89 | 0.91 | 0.73 | 0.44 | BNP | ||
| 0.83 | 0.89 | 0.74 | 0.8 | 0.68 | 0.47 | ENT | ||
| 0.89 | 0.89 | 0.74 | 0.94 | 0.75 | 0.33 | XTB | ||
| 0.91 | 0.91 | 0.8 | 0.94 | 0.79 | 0.44 | ATP | ||
| 0.74 | 0.73 | 0.68 | 0.75 | 0.79 | 0.45 | IZO | ||
| 0.29 | 0.44 | 0.47 | 0.33 | 0.44 | 0.45 | CLE | ||
Risk-Adjusted Indicators
There is a big difference between Dom Stock performing well and Dom Development 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 Dom Development'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DVL | 1.07 | 0.12 | 0.03 | 1.20 | 1.52 | 2.46 | 9.11 | |||
| BNP | 1.39 | 0.40 | 0.27 | (3.40) | 0.82 | 3.85 | 9.28 | |||
| ENT | 1.20 | 0.20 | 0.10 | 2.06 | 1.10 | 3.67 | 7.98 | |||
| XTB | 1.30 | 0.36 | 0.19 | 1.94 | 1.17 | 2.52 | 14.48 | |||
| ATP | 1.26 | 0.39 | 0.22 | 1.31 | 0.91 | 3.82 | 9.98 | |||
| IZO | 1.15 | 0.11 | 0.03 | 0.44 | 1.34 | 2.85 | 11.36 | |||
| CLE | 2.39 | 0.16 | 0.04 | 0.82 | 2.65 | 5.70 | 18.05 |
Be your own money manager
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