ST Dupont Correlations

DPT Stock

EUR 0.08 0.0002 0.26%

The current 90-days correlation between ST Dupont and BigBen Interactive is 0.19 (i.e., Average diversification). The correlation of ST Dupont 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.

ST Dupont Correlation With Market

Modest diversification

The correlation between ST Dupont and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ST Dupont and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DPT Stock

0.62	ALSGD	Spineguard	Pair Corr
0.76	SGO	Compagnie de Saint	Pair Corr
0.63	MLCMG	CMG Cleantech SA	Pair Corr

Moving against DPT Stock

0.85	ALEUP	Europlasma SA	Pair Corr
0.8	GDS	Ramsay Generale De	Pair Corr
0.66	BUI	Barbara Bui SA	Pair Corr
0.62	GJAJ	Groupe JAJ	Pair Corr

Related Correlations Analysis

	BIG	CAFO	MTU	MVUS	3LLV	ADOT	EKI	ORAP	MEMS	EUCO
BIG		0.42	0.47	0.0	0.73	-0.66	-0.69	-0.71	0.82	-0.78	BIG
CAFO	0.42		0.55	0.0	0.48	-0.31	-0.19	-0.21	0.25	-0.14	CAFO
MTU	0.47	0.55		0.0	0.5	-0.25	-0.39	-0.5	0.63	-0.49	MTU
MVUS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MVUS
3LLV	0.73	0.48	0.5	0.0		-0.54	-0.71	-0.68	0.71	-0.67	3LLV
ADOT	-0.66	-0.31	-0.25	0.0	-0.54		0.23	0.16	-0.32	0.41	ADOT
EKI	-0.69	-0.19	-0.39	0.0	-0.71	0.23		0.82	-0.78	0.77	EKI
ORAP	-0.71	-0.21	-0.5	0.0	-0.68	0.16	0.82		-0.88	0.79	ORAP
MEMS	0.82	0.25	0.63	0.0	0.71	-0.32	-0.78	-0.88		-0.89	MEMS
EUCO	-0.78	-0.14	-0.49	0.0	-0.67	0.41	0.77	0.79	-0.89		EUCO
	BIG	CAFO	MTU	MVUS	3LLV	ADOT	EKI	ORAP	MEMS	EUCO

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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

MEMS	+ 0.82	BIG
ORAP	+ 0.82	EKI
EUCO	+ 0.79	ORAP
EUCO	+ 0.77	EKI
3LLV	+ 0.73	BIG
MEMS	+ 0.71	3LLV

High negative correlations

EUCO	- 0.89	MEMS
MEMS	- 0.88	ORAP
MEMS	- 0.78	EKI
EUCO	- 0.78	BIG
EKI	- 0.71	3LLV
ORAP	- 0.71	BIG

Risk-Adjusted Indicators

There is a big difference between DPT Stock performing well and ST Dupont 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 ST Dupont'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
BIG	1.43	(0.47)	0.00	1.41	0.00	0.00	2.04	(3.43)	13.02
CAFO	0.80	(0.11)	0.00	(0.38)	0.00	0.00	2.00	(2.38)	8.91
MTU	1.45	(0.31)	0.00	(0.65)	0.00	0.00	3.69	(2.64)	8.68
MVUS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
3LLV	5.03	(0.25)	0.00	0.44	0.00	0.00	10.40	(11.88)	44.50
ADOT	2.81	0.54	0.10	(2.41)	2.66	(4.55)	7.26	(5.34)	29.64
EKI	1.71	0.15	0.04	0.40	1.73	(2.47)	4.95	(4.03)	16.76
ORAP	0.50	0.04	(0.02)	0.25	0.96	(1.35)	1.36	(0.31)	8.35
MEMS	2.51	(0.88)	0.00	4.72	0.00	0.00	3.79	(6.92)	14.74
EUCO	0.13	0.01	(0.59)	0.23	0.00	(0.16)	0.28	(0.21)	0.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in ST Dupont 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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