Dividend Correlations
| DVDDF Stock | USD 5.72 0.04 0.69% |
The current 90-days correlation between Dividend 15 Split and Haier Smart Home is 0.06 (i.e., Significant diversification). The correlation of Dividend 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.
Dividend Correlation With Market
Very poor diversification
The correlation between Dividend 15 Split and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dividend 15 Split and DJI in the same portfolio, assuming nothing else is changed.
Dividend |
The ability to find closely correlated positions to Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dividend 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 Dividend - 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 Dividend 15 Split to buy it.
Moving together with Dividend Pink Sheet
| 0.7 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.85 | TSM | Taiwan Semiconductor | PairCorr |
| 0.74 | KB | KB Financial Group | PairCorr |
| 0.74 | SHG | Shinhan Financial | PairCorr |
| 0.81 | EC | Ecopetrol SA ADR | PairCorr |
| 0.84 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.73 | WF | Woori Financial Group | PairCorr |
| 0.64 | ACGL | Arch Capital Group | PairCorr |
| 0.89 | CING | Cingulate | PairCorr |
| 0.78 | MTZ | MasTec Inc | PairCorr |
| 0.79 | CLEGF | Coles Group | PairCorr |
| 0.66 | BYM | BlackRock Municipal | PairCorr |
| 0.79 | FLFG | Federal Life Group | PairCorr |
| 0.88 | CMA | Comerica Incorporated | PairCorr |
| 0.87 | WLK | Westlake Chemical | PairCorr |
| 0.94 | SBKO | Summit Bank Group | PairCorr |
| 0.91 | VOD | Vodafone Group PLC | PairCorr |
| 0.91 | IFS | Intercorp Financial | PairCorr |
| 0.72 | TG | Tredegar | PairCorr |
| 0.84 | WEJTY | Webjet Limited | PairCorr |
| 0.91 | STRS | Stratus Properties | PairCorr |
| 0.83 | JNJ | Johnson Johnson | PairCorr |
| 0.8 | MFGCF | Mayfair Gold Corp Downward Rally | PairCorr |
| 0.77 | DAWN | Day One Biopharmaceu | PairCorr |
| 0.75 | TWMIF | Tidewater Midstream and Earnings Call Tomorrow | PairCorr |
| 0.79 | NTRSO | Northern Trust | PairCorr |
| 0.64 | XYIGY | Xinyi Glass Holdings | PairCorr |
Moving against Dividend Pink Sheet
| 0.8 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.73 | VFSWW | VinFast Auto | PairCorr |
| 0.48 | AAPL | Apple Inc | PairCorr |
| 0.43 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.38 | AMZN | Amazon Inc | PairCorr |
| 0.68 | SPR | Spirit Aerosystems | PairCorr |
Related Correlations Analysis
| 0.54 | 0.59 | 0.0 | 0.93 | -0.69 | -0.11 | LUV | ||
| 0.54 | 0.71 | 0.0 | 0.72 | -0.24 | 0.12 | LGIH | ||
| 0.59 | 0.71 | 0.0 | 0.7 | -0.53 | 0.2 | HVT | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FSLUF | ||
| 0.93 | 0.72 | 0.7 | 0.0 | -0.65 | -0.04 | SNCY | ||
| -0.69 | -0.24 | -0.53 | 0.0 | -0.65 | 0.31 | ATGN | ||
| -0.11 | 0.12 | 0.2 | 0.0 | -0.04 | 0.31 | HRSHF | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dividend Pink Sheet performing well and Dividend 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 Dividend'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LUV | 1.91 | 0.49 | 0.26 | 0.38 | 1.47 | 4.46 | 23.66 | |||
| LGIH | 2.34 | (0.08) | 0.00 | (0.02) | 0.00 | 7.29 | 19.99 | |||
| HVT | 1.56 | 0.03 | 0.00 | 0.15 | 1.61 | 3.46 | 10.04 | |||
| FSLUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNCY | 2.02 | 0.49 | 0.24 | 0.26 | 1.66 | 4.54 | 17.30 | |||
| ATGN | 2.55 | (0.25) | 0.00 | 0.31 | 0.00 | 5.00 | 34.04 | |||
| HRSHF | 2.23 | (0.08) | 0.00 | (0.08) | 0.00 | 6.21 | 19.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dividend 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?
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