Dimerix Correlations

DXB Stock

0.54 0.09 14.29%

The current 90-days correlation between Dimerix and Aneka Tambang TBK is 0.08 (i.e., Significant diversification). The correlation of Dimerix 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.

Dimerix Correlation With Market

Weak diversification

The correlation between Dimerix and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimerix and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dimerix Stock

0.63	FPR	Fleetpartners Group	Pair Corr
0.75	AS1	Asara Resources	Pair Corr

Moving against Dimerix Stock

0.64	AN3PI	Australia and New	Pair Corr
0.57	AN3PJ	Australia and New	Pair Corr
0.35	ASG	Autosports Group	Pair Corr

Related Correlations Analysis

	ATM	MQG	MQGPD	CGF	XYZ	RIO	BHP
ATM		0.68	-0.45	-0.36	0.69	-0.47	-0.2	ATM
MQG	0.68		-0.49	-0.15	0.94	-0.47	0.0	MQG
MQGPD	-0.45	-0.49		0.66	-0.56	0.81	0.6	MQGPD
CGF	-0.36	-0.15	0.66		-0.28	0.81	0.78	CGF
XYZ	0.69	0.94	-0.56	-0.28		-0.57	-0.16	XYZ
RIO	-0.47	-0.47	0.81	0.81	-0.57		0.8	RIO
BHP	-0.2	0.0	0.6	0.78	-0.16	0.8		BHP
	ATM	MQG	MQGPD	CGF	XYZ	RIO	BHP

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

XYZ	+ 0.94	MQG
RIO	+ 0.81	MQGPD
RIO	+ 0.81	CGF
BHP	+ 0.8	RIO
BHP	+ 0.78	CGF
XYZ	+ 0.69	ATM

High negative correlations

RIO	- 0.57	XYZ
XYZ	- 0.56	MQGPD
MQGPD	- 0.49	MQG
RIO	- 0.47	MQG
RIO	- 0.47	ATM
MQGPD	- 0.45	ATM

Risk-Adjusted Indicators

There is a big difference between Dimerix Stock performing well and Dimerix 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 Dimerix'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
ATM	1.47	(0.12)	0.00	0.54	0.00	0.00	4.17	(5.41)	14.69
MQG	1.02	(0.14)	0.00	(0.07)	0.00	0.00	2.43	(1.67)	10.88
MQGPD	0.13	0.02	(0.31)	(0.23)	0.00	(0.16)	0.34	(0.27)	0.81
CGF	1.07	0.13	0.08	0.36	1.09	(1.24)	2.83	(1.88)	6.34
XYZ	2.37	(0.35)	0.00	(0.11)	0.00	0.00	3.40	(5.80)	21.16
RIO	1.09	0.30	0.18	0.52	1.13	(1.18)	2.30	(2.41)	6.83
BHP	1.10	0.13	0.08	0.23	1.28	(1.20)	2.29	(2.49)	7.27

Be your own money manager

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

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

Robert Shepherd	Chief Officer	Profile
BA MA	Chief Advisor	Profile
BCom BJuris	Bus Officer	Profile
BPharm MD	Chief Officer	Profile
MBA MD	Chief Officer	Profile

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