DUG Technology Correlations

Stocks . Australia . 
Stock . DUG Technology
DUG Stock   1.75  0.05  2.78%   
The current 90-days correlation between DUG Technology and Commonwealth Bank of is -0.02 (i.e., Good diversification). The correlation of DUG Technology 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. If the correlation is 0, the equities are not correlated; they are entirely random.

DUG Technology Correlation With Market

Very good diversification

The correlation between DUG Technology and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DUG Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to DUG Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DUG Technology 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 DUG Technology - 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 DUG Technology to buy it.

Moving together with DUG Stock

  0.84TOU Tlou EnergyPairCorr

Moving against DUG Stock

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  0.61GGR Golden Globe ResourcesPairCorr
  0.57AMCDD Cdi 11 Foreign SplitPairCorr
  0.54WOW Woolworths GroupPairCorr
  0.52DYL Deep YellowPairCorr
  0.48RIO RIO Tinto Earnings Call This WeekPairCorr
  0.46CXU Cauldron EnergyPairCorr
  0.44ABV Advanced Braking TecPairCorr
  0.41TRA Turners AutomotivePairCorr
  0.4WHC Whitehaven Coal Earnings Call This WeekPairCorr
  0.35NMG New Murchison GoldPairCorr
  0.35NABPJ National Australia BankPairCorr
  0.33BMN Bannerman EnergyPairCorr
  0.77EVZ EVZPairCorr
  0.7IOV Ion Video SplitPairCorr
  0.64YAL Yancoal AustraliaPairCorr
  0.61AGI Ainsworth Game TechnologyPairCorr
  0.57BRG Breville GroupPairCorr
  0.54RC1 Redcastle Resources SplitPairCorr
  0.48SIG Sigma HealthcarePairCorr
  0.48BSA BSA Earnings Call This WeekPairCorr
  0.4IME ImexhsPairCorr
  0.36IMR Imricor Medical SystemsPairCorr
  0.34WLE Wam LeadersPairCorr

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

CBAPK
+ 0.89
BHP
CBAPJ
+ 0.87
CBAPK
CBAPJ
+ 0.86
BHP
BHP
+ 0.39
ATM
CBAPK
+ 0.32
ATM
CBAPJ
+ 0.25
CBA
  

High negative correlations

CBA
- 0.22
ATM
CBAPJ
- 0.0
CBAPH
CBAPH
- 0.0
CBAPK
CBAPH
- 0.0
CBA
CBAPH
- 0.0
BHP
CBAPH
- 0.0
ATM

Risk-Adjusted Indicators

There is a big difference between DUG Stock performing well and DUG Technology 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 DUG Technology'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in DUG Technology 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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DUG Technology Corporate Management

Elected by the shareholders, the DUG Technology's board of directors comprises two types of representatives: DUG Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DUG. The board's role is to monitor DUG Technology's management team and ensure that shareholders' interests are well served. DUG Technology'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, DUG Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark LommersChief EngineerProfile
Jacqueline BarryCompany SecretaryProfile
Gunaseelan CumaranChief OfficerProfile
Sam CruickshankChief OfficerProfile
Ajesh RaithathaChief OfficerProfile
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