DEXUS Correlations

0DPS Stock

EUR 3.87 0.02 0.52%

The current 90-days correlation between DEXUS and New Residential Investment is 0.02 (i.e., Significant 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.

DEXUS Correlation With Market

Good diversification

The correlation between DEXUS and DJI is -0.17 (i.e., Good 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

0.71	8CW	Crown Castle Interna Earnings Call This Week	Pair Corr
0.67	BRH	Berkshire Hathaway	Pair Corr
0.67	BRYN	Berkshire Hathaway	Pair Corr
0.66	BRYN	Berkshire Hathaway	Pair Corr

Moving against DEXUS Stock

0.6	HY9H	SK hynix Earnings Call This Week	Pair Corr
0.55	KBIA	KB Financial Group Earnings Call This Week	Pair Corr
0.52	2WGA	WOORI FIN GRP Earnings Call This Week	Pair Corr
0.48	F5D	Covivio SA Earnings Call Tomorrow	Pair Corr
0.47	SSU	Samsung Electronics	Pair Corr
0.42	SSUN	Samsung Electronics	Pair Corr
0.37	46T	GPT Group	Pair Corr

Related Correlations Analysis

	285	0SV	ZSL	14N1	SI3	2HZ	ZZG	6UY
285		0.73	0.69	0.65	0.91	0.89	0.86	0.86	285
0SV	0.73		0.71	0.41	0.67	0.87	0.73	0.65	0SV
ZSL	0.69	0.71		0.56	0.69	0.6	0.84	0.39	ZSL
14N1	0.65	0.41	0.56		0.79	0.49	0.67	0.52	14N1
SI3	0.91	0.67	0.69	0.79		0.81	0.84	0.78	SI3
2HZ	0.89	0.87	0.6	0.49	0.81		0.78	0.86	2HZ
ZZG	0.86	0.73	0.84	0.67	0.84	0.78		0.65	ZZG
6UY	0.86	0.65	0.39	0.52	0.78	0.86	0.65		6UY
	285	0SV	ZSL	14N1	SI3	2HZ	ZZG	6UY

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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'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
285	0.99	0.29	0.11	6.12	0.77	(1.51)	2.46	(1.65)	6.40
0SV	1.54	0.20	0.02	(1.10)	1.37	(2.31)	4.88	(2.48)	10.02
ZSL	0.86	0.16	0.04	2.89	0.81	(0.94)	1.71	(1.35)	4.28
14N1	0.99	0.21	0.08	1.48	1.10	(1.15)	2.34	(1.68)	8.39
SI3	0.85	0.28	0.10	1.17	0.44	(2.21)	2.74	(0.76)	11.26
2HZ	1.25	0.30	0.13	2.55	0.96	(1.92)	3.33	(1.64)	8.12
ZZG	2.22	0.45	0.14	10.75	1.96	(3.08)	4.74	(3.74)	22.52
6UY	1.83	0.82	0.29	(1.51)	1.61	(2.20)	4.87	(3.25)	12.15

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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