Deutsche Wohnen Correlations

DWNI Stock

EUR 24.25 1.45 6.36%

The current 90-days correlation between Deutsche Wohnen SE and Park Hotels Resorts is 0.07 (i.e., Significant diversification). The correlation of Deutsche Wohnen 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.

Deutsche Wohnen Correlation With Market

Good diversification

The correlation between Deutsche Wohnen SE and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Wohnen SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Deutsche Stock

0.45	BMI	BP Prudhoe Bay	Pair Corr
0.38	ADX	ACANTHE DEVELOPPEM	Pair Corr
0.34	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	MFU	Mitsui Fudosan	Pair Corr

Related Correlations Analysis

	HIP	WE7	PCHP	US8	DDN	7RD	HMT
HIP		0.28	-0.19	-0.19	0.72	0.51	0.76	HIP
WE7	0.28		-0.76	0.73	0.61	0.7	0.69	WE7
PCHP	-0.19	-0.76		-0.49	-0.59	-0.71	-0.59	PCHP
US8	-0.19	0.73	-0.49		0.05	0.31	0.24	US8
DDN	0.72	0.61	-0.59	0.05		0.74	0.87	DDN
7RD	0.51	0.7	-0.71	0.31	0.74		0.68	7RD
HMT	0.76	0.69	-0.59	0.24	0.87	0.68		HMT
	HIP	WE7	PCHP	US8	DDN	7RD	HMT

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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

HMT	+ 0.87	DDN
HMT	+ 0.76	HIP
7RD	+ 0.74	DDN
US8	+ 0.73	WE7
DDN	+ 0.72	HIP
7RD	+ 0.7	WE7

High negative correlations

PCHP	- 0.76	WE7
7RD	- 0.71	PCHP
HMT	- 0.59	PCHP
DDN	- 0.59	PCHP
US8	- 0.49	PCHP
US8	- 0.19	HIP

Risk-Adjusted Indicators

There is a big difference between Deutsche Stock performing well and Deutsche Wohnen 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 Deutsche Wohnen'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
HIP	1.49	(0.01)	0.03	0.11	1.35	(2.15)	3.20	(2.27)	10.63
WE7	1.59	0.28	0.10	0.89	1.58	(2.09)	3.59	(2.48)	10.84
PCHP	3.07	(0.18)	0.00	(0.40)	0.00	0.00	7.86	(5.13)	17.91
US8	2.49	(0.11)	(0.04)	(0.01)	3.19	(2.93)	5.52	(5.52)	20.89
DDN	1.04	0.13	0.10	0.27	0.88	(1.28)	2.75	(1.73)	10.23
7RD	1.60	0.25	0.06	1.48	1.60	(2.48)	4.24	(3.39)	11.52
HMT	1.21	0.02	0.04	0.14	1.26	(1.54)	2.47	(2.45)	11.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in Deutsche Wohnen 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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Deutsche Wohnen Corporate Management

Elected by the shareholders, the Deutsche Wohnen's board of directors comprises two types of representatives: Deutsche Wohnen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deutsche. The board's role is to monitor Deutsche Wohnen's management team and ensure that shareholders' interests are well served. Deutsche Wohnen'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, Deutsche Wohnen's outside directors are responsible for providing unbiased perspectives on the board's policies.

Lars BA	CoCEO Board	Profile
Andrea Frese	Head Relations	Profile
Olaf Weber	CFO Board	Profile
Jens Koglin	Managing HR	Profile
Konstantina Kanellopoulos	CoCEO Board	Profile
Marcus Eilers	Managing Strategy	Profile

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