Dotdigital Group Correlations
| DOTDF Stock | USD 0.99 0.00 0.00% |
The correlation of Dotdigital Group 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.
Dotdigital Group Correlation With Market
Very weak diversification
The correlation between dotdigital Group Plc and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding dotdigital Group Plc and DJI in the same portfolio, assuming nothing else is changed.
Dotdigital |
The ability to find closely correlated positions to Dotdigital Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dotdigital Group 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 Dotdigital Group - 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 dotdigital Group Plc to buy it.
Moving together with Dotdigital Pink Sheet
| 0.79 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.72 | CSCO | Cisco Systems | PairCorr |
| 0.69 | MCD | McDonalds | PairCorr |
| 0.8 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.68 | DD | Dupont De Nemours | PairCorr |
| 0.72 | CAT | Caterpillar | PairCorr |
| 0.75 | JNJ | Johnson Johnson | PairCorr |
| 0.81 | PG | Procter Gamble | PairCorr |
Moving against Dotdigital Pink Sheet
| 0.81 | SAP | SAP SE ADR | PairCorr |
| 0.81 | SAPGF | SAP SE Downward Rally | PairCorr |
| 0.79 | SHOP | Shopify | PairCorr |
| 0.79 | INTU | Intuit Inc | PairCorr |
| 0.74 | CRM | Salesforce | PairCorr |
| 0.73 | MSFT | Microsoft | PairCorr |
| 0.7 | NOW | ServiceNow | PairCorr |
| 0.69 | APP | Applovin Corp | PairCorr |
| 0.63 | CDNS | Cadence Design Systems Earnings Call This Week | PairCorr |
| 0.63 | SNOW | Snowflake | PairCorr |
| 0.6 | UBER | Uber Technologies | PairCorr |
| 0.56 | HPQ | HP Inc | PairCorr |
| 0.31 | IBM | International Business | 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 Dotdigital Pink Sheet performing well and Dotdigital Group 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 Dotdigital Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIGMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EXMXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ITFRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JAPPF | 0.64 | 0.30 | 0.00 | 1.68 | 0.00 | 0.00 | 12.68 | |||
| SVPLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELMFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JFEYF | 1.17 | 0.47 | 0.00 | 0.46 | 0.00 | 0.00 | 39.31 | |||
| RTME | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FXSRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WEWA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Dotdigital Group Corporate Management
| George Kasparian | Company Sec | Profile | |
| Steve Shaw | Chief Officer | Profile | |
| ACCA ACSI | Pres CEO | Profile | |
| Alistair FCA | CFO Director | Profile |