Directa Plus Correlations

DTPKF Stock

USD 0.40 0.00 0.00%

The current 90-days correlation between Directa Plus Plc and Gabriel Resources is -0.04 (i.e., Good diversification). The correlation of Directa Plus 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.

Directa Plus Correlation With Market

Very weak diversification

The correlation between Directa Plus Plc and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Directa Plus Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Directa Pink Sheet

0.67	PHJMF	PT Hanjaya Mandala	Pair Corr
0.71	PKX	POSCO Holdings Earnings Call This Week	Pair Corr
0.7	EC	Ecopetrol SA ADR	Pair Corr
0.69	UAN	CVR Partners LP	Pair Corr
0.77	LHX	L3Harris Technologies	Pair Corr
0.72	CR	Crane Company Earnings Call This Week	Pair Corr
0.62	TROO	TROOPS Inc	Pair Corr
0.73	INTC	Intel Earnings Call This Week	Pair Corr
0.65	RNMBY	Rheinmetall AG ADR	Pair Corr
0.8	BG	Bunge Limited	Pair Corr
0.68	20030NDW8	CMCSA 2987 01	Pair Corr
0.77	SNDK	Sandisk Corp Earnings Call This Week	Pair Corr
0.68	IQEPF	IQE PLC	Pair Corr

Related Correlations Analysis

	AUTR	CANOF	PUBC	BNTRF	NNGVF	LTHIF	GBRRF	AVOA	ELECF	PJXRF
AUTR		-0.23	-0.11	-0.16	0.0	0.3	-0.09	-0.23	0.17	0.16	AUTR
CANOF	-0.23		0.01	0.06	0.0	-0.55	0.15	0.47	0.18	-0.22	CANOF
PUBC	-0.11	0.01		-0.46	0.0	-0.18	-0.51	0.59	-0.28	-0.59	PUBC
BNTRF	-0.16	0.06	-0.46		0.0	0.13	0.35	-0.37	0.22	0.31	BNTRF
NNGVF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NNGVF
LTHIF	0.3	-0.55	-0.18	0.13	0.0		0.0	-0.68	0.3	0.57	LTHIF
GBRRF	-0.09	0.15	-0.51	0.35	0.0	0.0		-0.38	0.47	0.42	GBRRF
AVOA	-0.23	0.47	0.59	-0.37	0.0	-0.68	-0.38		-0.37	-0.81	AVOA
ELECF	0.17	0.18	-0.28	0.22	0.0	0.3	0.47	-0.37		0.5	ELECF
PJXRF	0.16	-0.22	-0.59	0.31	0.0	0.57	0.42	-0.81	0.5		PJXRF
	AUTR	CANOF	PUBC	BNTRF	NNGVF	LTHIF	GBRRF	AVOA	ELECF	PJXRF

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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

AVOA	+ 0.59	PUBC
PJXRF	+ 0.57	LTHIF
PJXRF	+ 0.5	ELECF
AVOA	+ 0.47	CANOF
ELECF	+ 0.47	GBRRF
PJXRF	+ 0.42	GBRRF

High negative correlations

PJXRF	- 0.81	AVOA
AVOA	- 0.68	LTHIF
PJXRF	- 0.59	PUBC
LTHIF	- 0.55	CANOF
GBRRF	- 0.51	PUBC
BNTRF	- 0.46	PUBC

Risk-Adjusted Indicators

There is a big difference between Directa Pink Sheet performing well and Directa Plus 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 Directa Plus' 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
AUTR	5.31	1.15	0.04	(0.38)	8.96	(16.93)	9.38	(5.88)	121.67
CANOF	2.35	0.01	(0.01)	0.18	3.36	(5.19)	4.35	(7.41)	27.72
PUBC	13.10	1.66	0.05	(0.15)	14.20	(21.73)	37.93	(32.50)	124.17
BNTRF	14.25	1.81	0.09	0.41	16.33	(18.92)	46.67	(34.46)	106.92
NNGVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LTHIF	7.61	2.62	0.09	(5.06)	8.04	(43.94)	19.64	(4.67)	184.70
GBRRF	5.48	0.11	0.05	0.09	5.26	(13.36)	14.08	(9.42)	94.32
AVOA	1.21	(0.17)	0.00	(0.27)	0.00	0.00	0.27	(6.15)	33.43
ELECF	2.77	0.18	0.01	(0.13)	3.72	(7.17)	10.00	(8.33)	33.57
PJXRF	3.66	0.66	0.06	(1.31)	4.00	(9.27)	10.00	(9.09)	54.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Directa Plus 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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Directa Plus Corporate Management

Giulio Cesareo	CEO Founder	Profile
Razvan Popescu	Chief Officer	Profile
Laura Rizzi	Chief Officer	Profile
Alessandra Bambini	Sales Director	Profile
Giorgio Bonfanti	CFO Sec	Profile

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