Data#3 Correlations

DTATF Stock

USD 4.05 0.00 0.00%

The current 90-days correlation between Data3 Limited and The Travelers Companies is 0.07 (i.e., Significant diversification). The correlation of Data#3 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.

Data#3 Correlation With Market

Significant diversification

The correlation between Data3 Limited and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data3 Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Data#3 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Data#3 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 Data#3 - 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 Data3 Limited to buy it.

Moving together with Data#3 Pink Sheet

0.68	IT	Gartner	Pair Corr
0.68	ESRT	Empire State Realty	Pair Corr
0.72	CIADY	China Mengniu Dairy	Pair Corr
0.77	FDS	FactSet Research Systems	Pair Corr
0.89	GARPF	Golden Agri Resources	Pair Corr
0.78	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.71	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr

Moving against Data#3 Pink Sheet

0.62	PPERF	Bank Mandiri Persero	Pair Corr
0.6	BKRKF	PT Bank Rakyat	Pair Corr
0.41	INFY	Infosys Ltd ADR	Pair Corr
0.39	BKRKY	Bank Rakyat	Pair Corr
0.33	CGEMY	Capgemini SE ADR	Pair Corr
0.33	PPERY	Bank Mandiri Persero	Pair Corr
0.32	SCTSF	Scottie Resources Corp	Pair Corr
0.31	SHG	Shinhan Financial	Pair Corr
0.69	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	TRV	DIS	HD	PG	BA	WMT	AXP	MRK	JNJ
TRV		0.78	0.58	0.04	-0.55	0.82	0.77	-0.77	-0.58	TRV
DIS	0.78		0.67	0.2	-0.61	0.92	0.88	-0.77	-0.8	DIS
HD	0.58	0.67		-0.01	-0.62	0.72	0.82	-0.59	-0.6	HD
PG	0.04	0.2	-0.01		0.24	0.16	-0.05	0.35	0.29	PG
BA	-0.55	-0.61	-0.62	0.24		-0.59	-0.64	0.7	0.75	BA
WMT	0.82	0.92	0.72	0.16	-0.59		0.89	-0.79	-0.76	WMT
AXP	0.77	0.88	0.82	-0.05	-0.64	0.89		-0.78	-0.8	AXP
MRK	-0.77	-0.77	-0.59	0.35	0.7	-0.79	-0.78		0.87	MRK
JNJ	-0.58	-0.8	-0.6	0.29	0.75	-0.76	-0.8	0.87		JNJ
	TRV	DIS	HD	PG	BA	WMT	AXP	MRK	JNJ

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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

WMT	+ 0.92	DIS
AXP	+ 0.89	WMT
AXP	+ 0.88	DIS
JNJ	+ 0.87	MRK
WMT	+ 0.82	TRV
AXP	+ 0.82	HD

High negative correlations

JNJ	- 0.8	AXP
JNJ	- 0.8	DIS
MRK	- 0.79	WMT
MRK	- 0.78	AXP
MRK	- 0.77	DIS
MRK	- 0.77	TRV

Risk-Adjusted Indicators

There is a big difference between Data#3 Pink Sheet performing well and Data#3 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 Data#3'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
TRV	1.10	0.14	0.10	0.27	1.15	(1.31)	1.93	(2.17)	11.31
DIS	0.97	0.34	0.28	0.73	0.48	(1.12)	2.34	(1.34)	7.57
HD	0.91	0.19	0.09	0.74	0.90	(1.02)	2.22	(1.67)	5.15
PG	0.72	0.10	(0.04)	(1.05)	0.77	(0.77)	1.74	(1.26)	4.66
BA	1.74	(0.18)	0.00	(0.29)	0.00	0.00	3.11	(3.41)	8.23
WMT	0.82	0.28	0.16	3.14	0.72	(0.97)	1.90	(1.27)	4.33
AXP	1.23	0.05	0.10	0.16	1.11	(1.34)	2.83	(2.19)	9.79
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
JNJ	0.61	(0.11)	0.00	(0.37)	0.00	0.00	1.40	(1.42)	3.25

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Our tools can tell you how much better you can do entering a position in Data#3 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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Data#3 Corporate Management

Michael Bowser	Exec Services	Profile
Garrett MacDonald	Chief Officer	Profile
Tash Macknish	Group HR	Profile
David Lennon	Managing Aspect	Profile
Jelaine Doncaster	Gen Solutions	Profile
Mark Esler	Founder Director	Profile
BBus FCPA	Company CFO	Profile

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