DB Physical Correlations

XRH0 Stock

1,095 35.00 3.10%

The current 90-days correlation between DB Physical Rhodium and Wheaton Precious Metals is 0.09 (i.e., Significant diversification). The correlation of DB Physical 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.

DB Physical Correlation With Market

Poor diversification

The correlation between DB Physical Rhodium and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DB Physical Rhodium and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with XRH0 Stock

0.81	SSLN	iShares Physical Silver	Pair Corr
0.81	ISLN	iShares Physical Silver	Pair Corr
0.74	GLDW	WisdomTree Core Physical	Pair Corr
0.73	WGLD	WisdomTree Core Physical	Pair Corr
0.74	GLDA	Amundi Physical Gold	Pair Corr
0.75	SGLP	Invesco Physical Gold	Pair Corr
0.73	SGLD	Invesco Physical Gold	Pair Corr
0.74	XGLD	Xtrackers Physical Gold	Pair Corr
0.74	GBSS	Gold Bullion Securities	Pair Corr
0.73	XGLS	DB Physical Gold	Pair Corr
0.73	0L9Y	STMicroelectronics	Pair Corr
0.8	0JTQ	Lear Corp Earnings Call This Week	Pair Corr
0.76	0HIT	Iberdrola	Pair Corr
0.87	LLPC	Lloyds Banking Group	Pair Corr
0.77	INVP	Investec PLC	Pair Corr
0.85	ONWD	Onward Opportunities	Pair Corr
0.66	0K19	Microchip Technology Earnings Call This Week	Pair Corr
0.71	0KAS	Ocwen Financial Corp	Pair Corr
0.61	0KV3	Regions Financial Corp	Pair Corr
0.8	CRTM	Critical Metals Plc	Pair Corr
0.84	0H6E	AGNC Investment Corp	Pair Corr
0.79	PRU	Prudential plc	Pair Corr
0.75	VOD	Vodafone Group PLC	Pair Corr
0.71	AFC	AFC Energy plc	Pair Corr
0.76	0VL8	Toronto Dominion Bank	Pair Corr
0.86	JMAT	Johnson Matthey PLC	Pair Corr
0.76	LGLD	LG ELECTRONICS INC	Pair Corr
0.76	MRC	The Mercantile Investment	Pair Corr

Related Correlations Analysis

	0A76	ATYM	0Q7L	CAPD	OMI	WPM
0A76		0.68	0.73	0.39	0.68	0.74	0A76
ATYM	0.68		0.85	0.73	0.89	0.96	ATYM
0Q7L	0.73	0.85		0.57	0.8	0.83	0Q7L
CAPD	0.39	0.73	0.57		0.76	0.7	CAPD
OMI	0.68	0.89	0.8	0.76		0.92	OMI
WPM	0.74	0.96	0.83	0.7	0.92		WPM
	0A76	ATYM	0Q7L	CAPD	OMI	WPM

Risk-Adjusted Indicators

There is a big difference between XRH0 Stock performing well and DB Physical 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 DB Physical'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
0A76	1.05	0.23	0.14	1.77	1.14	(1.17)	2.41	(1.93)	7.35
ATYM	1.84	0.71	0.33	1.09	1.55	(2.23)	4.95	(3.12)	12.14
0Q7L	1.23	0.24	0.12	3.76	1.03	(2.09)	3.95	(2.05)	13.18
CAPD	1.29	0.15	0.07	26.35	1.38	(1.57)	3.14	(2.51)	8.10
OMI	3.73	0.88	0.21	0.58	3.48	(4.54)	7.87	(6.00)	23.76
WPM	2.21	0.52	0.18	0.44	2.51	(2.60)	4.65	(4.02)	12.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in DB Physical 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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