Derwent London Correlations
| DWVYF Stock | USD 24.25 0.00 0.00% |
The current 90-days correlation between Derwent London PLC and MYR Group is 0.08 (i.e., Significant diversification). The correlation of Derwent London 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.
Derwent London Correlation With Market
Significant diversification
The correlation between Derwent London PLC and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Derwent London PLC and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Derwent London could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Derwent London 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 Derwent London - 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 Derwent London PLC to buy it.
Moving together with Derwent Pink Sheet
| 0.67 | DLR-PK | Digital Realty Trust | PairCorr |
| 0.77 | ARE | Alexandria Real Estate | PairCorr |
| 0.81 | BXP | Boston Properties | PairCorr |
| 0.64 | GECFF | Gecina SA | PairCorr |
| 0.78 | MRVGF | Mirvac Group Earnings Call This Week | PairCorr |
Moving against Derwent Pink Sheet
| 0.94 | GILT | Gilat Satellite Networks | PairCorr |
| 0.91 | SLNG | Stabilis Solutions | PairCorr |
| 0.89 | AS | Amer Sports, | PairCorr |
| 0.88 | AYYLF | Ayala | PairCorr |
| 0.87 | ADTN | ADTRAN Inc Buyout Trend | PairCorr |
| 0.86 | MIND | Mind Technology Tech Boost | PairCorr |
| 0.84 | DAVA | Endava | PairCorr |
| 0.82 | BBAI | BigBearai Holdings Upward Rally | PairCorr |
| 0.81 | NTDOY | Nintendo Co ADR Earnings Call This Week | PairCorr |
| 0.71 | ELA | Envela Corp | PairCorr |
| 0.67 | TS | Tenaris SA ADR | PairCorr |
| 0.53 | STFS | Star Fashion Culture | PairCorr |
| 0.37 | LNN | Lindsay | PairCorr |
| 0.37 | ARM | Arm Holdings plc | PairCorr |
| 0.37 | BMY | Bristol Myers Squibb Earnings Call This Week | PairCorr |
| 0.35 | PR | Permian Resources Sell-off Trend | PairCorr |
| 0.35 | AIR | AAR Corp | PairCorr |
| 0.32 | 268317AC8 | EDF 695 26 | PairCorr |
| 0.91 | BAOB | Baraboo Bancorporation | PairCorr |
| 0.89 | ARGX | argenx NV ADR | PairCorr |
| 0.86 | ENTX | Entera Bio | PairCorr |
| 0.84 | INVZ | Innoviz Technologies | PairCorr |
| 0.81 | SPCB | Supercom | PairCorr |
| 0.8 | GFAI | Guardforce AI | PairCorr |
| 0.8 | JOBY | Joby Aviation | PairCorr |
| 0.76 | VUZI | Vuzix Corp Cmn Buyout Trend | PairCorr |
| 0.73 | AHG | Akso Health Group | PairCorr |
| 0.73 | AZPN | Aspen Technology | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Derwent Pink Sheet performing well and Derwent London 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 Derwent London'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INGR | 1.08 | (0.10) | (0.03) | 0.03 | 1.48 | 1.41 | 21.14 | |||
| SYY | 0.94 | (0.05) | 0.00 | (0.03) | 0.00 | 1.97 | 10.17 | |||
| MYRG | 2.24 | 0.30 | 0.09 | 0.44 | 2.77 | 5.71 | 25.94 | |||
| SKY | 1.61 | 0.01 | (0.02) | 0.11 | 2.01 | 3.62 | 9.80 | |||
| ANDE | 1.62 | (0.14) | 0.00 | (6.39) | 0.00 | 2.61 | 18.26 | |||
| K | 0.17 | 0.01 | (0.36) | 0.42 | 0.07 | 0.35 | 0.86 | |||
| RFBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PH | 1.09 | 0.14 | 0.08 | 0.33 | 1.07 | 1.81 | 11.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Derwent London 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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Derwent London Corporate Management
| Giles Sheehan | Head Investment | Profile | |
| Emily Prideaux | Ex Director | Profile | |
| John Davies | Head - Sustainability | Profile | |
| Katy Levine | Head of Human Resources | Profile | |
| Robert Duncan | Head Planning | Profile |