Dexus Correlations

DXS Stock

6.21 0.11 1.74%

The current 90-days correlation between Dexus and Vicinity Centres is 0.5 (i.e., Very weak diversification). The correlation of Dexus 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.

Dexus Correlation With Market

Excellent diversification

The correlation between Dexus and DJI is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dexus and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dexus Stock

0.73	SCG	Scentre Group	Pair Corr
0.71	CQR	Charter Hall Retail	Pair Corr
0.84	GDI	GDI Property Group	Pair Corr

Moving against Dexus Stock

0.87	LNU	Linius Technologies	Pair Corr
0.82	WOW	Woolworths Group	Pair Corr
0.74	BOQPG	Bank of Queensland	Pair Corr
0.72	DYL	Deep Yellow	Pair Corr
0.7	AGD	Austral Gold	Pair Corr
0.68	WHC	Whitehaven Coal Earnings Call This Week	Pair Corr
0.61	ANZ	ANZ Group Holdings	Pair Corr
0.61	CBAPK	Commonwealth Bank	Pair Corr
0.61	CBAPI	Commonwealth Bank	Pair Corr
0.58	AMCDD	Cdi 11 Foreign Split	Pair Corr
0.57	ABV	Advanced Braking Tec	Pair Corr
0.56	BMN	Bannerman Energy	Pair Corr
0.49	SIG	Sigma Healthcare	Pair Corr
0.48	WBCPL	Westpac Banking	Pair Corr
0.45	CTM	Centaurus Metals	Pair Corr
0.44	ATM	Aneka Tambang TBK	Pair Corr
0.44	RHC	Ramsay Health Care	Pair Corr
0.42	RXL	ROX Resources	Pair Corr
0.36	CBA	Commonwealth Bank	Pair Corr
0.33	AN3PJ	Australia and New	Pair Corr
0.33	CCX	City Chic Collective	Pair Corr
0.32	CBAPM	Commonwealth Bank	Pair Corr
0.31	PYC	PYC Therapeutics	Pair Corr
0.83	EVZ	EVZ	Pair Corr
0.81	RIO	RIO Tinto Earnings Call This Week	Pair Corr
0.81	WES	Wesfarmers Earnings Call This Week	Pair Corr
0.81	BOQPF	Bank of Queensland	Pair Corr
0.76	CR9	Corella Resources	Pair Corr
0.76	BSA	BSA Earnings Call This Week	Pair Corr
0.75	TRA	Turners Automotive	Pair Corr
0.74	AGI	Ainsworth Game Technology	Pair Corr

Related Correlations Analysis

	SCG	VCX	CQR	CMW	CDP	GDI
SCG		0.38	0.67	0.59	0.42	0.74	SCG
VCX	0.38		0.44	0.25	0.43	0.15	VCX
CQR	0.67	0.44		0.46	0.28	0.68	CQR
CMW	0.59	0.25	0.46		0.2	0.59	CMW
CDP	0.42	0.43	0.28	0.2		0.27	CDP
GDI	0.74	0.15	0.68	0.59	0.27		GDI
	SCG	VCX	CQR	CMW	CDP	GDI

Risk-Adjusted Indicators

There is a big difference between Dexus Stock performing well and Dexus 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 Dexus' 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
SCG	0.83	(0.10)	0.00	0.92	0.00	0.00	1.77	(2.25)	7.21
VCX	1.05	0.01	(0.04)	0.03	1.55	(1.05)	2.38	(2.33)	6.60
CQR	0.94	(0.06)	0.00	0.56	0.00	0.00	1.99	(1.93)	5.72
CMW	1.29	(0.01)	(0.02)	0.03	1.41	(2.86)	2.38	(2.33)	11.14
CDP	1.12	0.01	(0.04)	(0.05)	1.24	(1.50)	2.93	(2.25)	6.19
GDI	0.64	(0.10)	0.00	3.92	0.00	0.00	1.61	(1.64)	3.33

Be your own money manager

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

Elected by the shareholders, the Dexus' board of directors comprises two types of representatives: Dexus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dexus. The board's role is to monitor Dexus' management team and ensure that shareholders' interests are well served. Dexus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dexus' outside directors are responsible for providing unbiased perspectives on the board's policies.

Ramana James	Head Sustainability	Profile
Keir Barnes	Chief Officer	Profile
Peter Studley	General Manager	Profile
Jonathan Hedger	Chief Officer	Profile
BA GAICD	Gen Limited	Profile
Luke ODonnell	Senior Limited	Profile
Louise Murray	General Communications	Profile

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