Dometic Group Correlations

DTCGF Stock

USD 4.85 0.24 4.72%

The correlation of Dometic 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.

Dometic Group Correlation With Market

Good diversification

The correlation between Dometic Group AB and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dometic Group AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dometic 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 Dometic 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 Dometic 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 Dometic Group AB to buy it.

Moving together with Dometic OTC Stock

0.66	OLCLY	Oriental Land	Pair Corr
0.7	ANPDY	ANTA Sports Products	Pair Corr
0.72	NCBDY	BANDAI NAMCO Holdings	Pair Corr
0.71	ICCT	iCoreConnect Common stock	Pair Corr

Moving against Dometic OTC Stock

0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.51	LNNGY	Li Ning	Pair Corr
0.47	PPERF	Bank Mandiri Persero	Pair Corr
0.45	LNNGF	Li Ning Company	Pair Corr
0.41	PBCRY	Bank Central Asia	Pair Corr
0.4	KB	KB Financial Group	Pair Corr
0.69	IDEXY	Industria de Diseno	Pair Corr
0.69	SRRTF	Slate Grocery REIT	Pair Corr
0.65	HUBG	Hub Group	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr
0.61	YETI	YETI Holdings	Pair Corr
0.61	CAH	Cardinal Health	Pair Corr
0.59	LSBK	Lake Shore Bancorp	Pair Corr
0.58	CDNA	CareDx Inc	Pair Corr
0.55	DBSDF	DBS Group Holdings	Pair Corr
0.53	RNECY	Renesas Electronics Corp	Pair Corr
0.52	CPRHF	Capital Power Corp	Pair Corr
0.51	ACRE	Ares Commercial Real	Pair Corr
0.5	DLX	Deluxe	Pair Corr
0.44	FUSB	First Bancshares	Pair Corr
0.44	MSGS	Madison Square Garden	Pair Corr
0.81	47215PAC0	JD INC 3875	Pair Corr
0.79	SCCO	Southern Copper	Pair Corr
0.79	CMA	Comerica Incorporated	Pair Corr
0.72	BCII	Blockchain Industries	Pair Corr

Related Correlations Analysis

	RNDOF	BSFFF	TOMYY	BMCLF	SMIZF	FHNGY	WIPKF	YONXF	BCCMY	XTPEF
RNDOF		-0.18	-0.05	0.53	-0.72	0.7	-0.66	0.0	0.21	0.3	RNDOF
BSFFF	-0.18		0.33	-0.6	0.41	-0.34	0.51	0.0	-0.38	-0.03	BSFFF
TOMYY	-0.05	0.33		-0.42	0.36	-0.29	0.25	0.0	-0.61	0.06	TOMYY
BMCLF	0.53	-0.6	-0.42		-0.73	0.57	-0.67	0.0	0.76	0.22	BMCLF
SMIZF	-0.72	0.41	0.36	-0.73		-0.85	0.66	0.0	-0.65	-0.23	SMIZF
FHNGY	0.7	-0.34	-0.29	0.57	-0.85		-0.71	0.0	0.52	0.29	FHNGY
WIPKF	-0.66	0.51	0.25	-0.67	0.66	-0.71		0.0	-0.51	-0.32	WIPKF
YONXF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	YONXF
BCCMY	0.21	-0.38	-0.61	0.76	-0.65	0.52	-0.51	0.0		0.01	BCCMY
XTPEF	0.3	-0.03	0.06	0.22	-0.23	0.29	-0.32	0.0	0.01		XTPEF
	RNDOF	BSFFF	TOMYY	BMCLF	SMIZF	FHNGY	WIPKF	YONXF	BCCMY	XTPEF

Please upgrade your account to get full access to Macroaxis premium features

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

BCCMY	+ 0.76	BMCLF
FHNGY	+ 0.7	RNDOF
WIPKF	+ 0.66	SMIZF
FHNGY	+ 0.57	BMCLF
BMCLF	+ 0.53	RNDOF
BCCMY	+ 0.52	FHNGY

High negative correlations

FHNGY	- 0.85	SMIZF
SMIZF	- 0.73	BMCLF
SMIZF	- 0.72	RNDOF
WIPKF	- 0.71	FHNGY
WIPKF	- 0.67	BMCLF
WIPKF	- 0.66	RNDOF

Risk-Adjusted Indicators

There is a big difference between Dometic OTC Stock performing well and Dometic Group OTC Stock 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 Dometic 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
RNDOF	3.36	1.30	0.00	(0.84)	0.00	0.00	4.08	(3.72)	116.44
BSFFF	1.27	0.39	0.05	(0.40)	1.36	(5.58)	4.58	(1.45)	21.04
TOMYY	0.02	0.00	0.00	(0.65)	0.00	0.00	0.00	0.00	0.59
BMCLF	0.43	(0.19)	0.00	(0.52)	0.00	0.00	0.00	0.00	10.71
SMIZF	0.30	0.16	0.00	(0.86)	0.00	0.00	0.00	0.00	7.09
FHNGY	1.14	(0.39)	0.00	0.52	0.00	0.00	0.00	0.00	24.84
WIPKF	0.57	0.12	0.03	2.06	0.69	(1.57)	1.62	(0.98)	11.90
YONXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCCMY	0.46	(0.26)	0.00	(2.77)	0.00	0.00	0.00	0.00	10.34
XTPEF	1.48	0.00	0.00	0.07	0.00	0.00	9.23	(4.55)	28.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dometic Group 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.

Did you try this?

Run ETFs Now

ETFs

Find actively traded Exchange Traded Funds (ETF) from around the world

All Next

Launch Module

Dometic Group Corporate Management

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

Rikard Tunedal	Head Relations	Profile
Brian Garofalow	Chief Officer	Profile
Anna Smieszek	Group General Counsel	Profile
Stefan Fristedt	CFO VP	Profile
Oliver Bahr	Pres Americas	Profile
Anton Lundqvist	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC