Dell Technologies Correlations

12DA Stock

EUR 112.52 5.52 5.16%

The current 90-days correlation between Dell Technologies and Reliance Steel Aluminum is 0.47 (i.e., Very weak diversification). The correlation of Dell Technologies 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.

Dell Technologies Correlation With Market

Good diversification

The correlation between Dell Technologies and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dell Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dell Stock

0.72	WDC	Western Digital	Pair Corr
0.92	6C2	Corsair Gaming	Pair Corr
0.7	9EL	ELECOM LTD	Pair Corr
0.79	DT8A	Datalogic SpA	Pair Corr
0.76	XAR	XAAR PLC LS	Pair Corr
0.61	LLD2	Lloyds Banking Group Earnings Call This Week	Pair Corr
0.91	KBIA	KB Financial Group Earnings Call This Week	Pair Corr
0.89	OIX	ORIX	Pair Corr
0.89	OIXA	Orix Corp Ads	Pair Corr
0.76	FHL	Federal Home Loan	Pair Corr
0.74	KGHA	KGHM Polska Miedz	Pair Corr
0.69	F1YN	Lundin Gold	Pair Corr
0.81	FA2	FORWARD AIR P	Pair Corr
0.7	AG8	AGILENT TECH	Pair Corr
0.9	KOM1	Komatsu	Pair Corr
0.73	SEBC	Skandinaviska Enskilda	Pair Corr
0.84	1W3	WSP Global	Pair Corr
0.84	HEI	Heidelberg Materials	Pair Corr
0.89	E908	Lyxor 1	Pair Corr
0.84	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Dell Stock

0.67	SE7S	SEIKO EPSON PADR	Pair Corr
0.5	TKDA	Takeda Pharmaceutical	Pair Corr
0.85	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	6C2	2N5B	DT8A	94P	2DG	IUI1	6HW	CZX	RS6	3RKU
6C2		-0.09	0.79	0.71	0.64	0.3	0.44	0.87	0.86	0.8	6C2
2N5B	-0.09		0.18	-0.02	0.37	0.68	0.24	0.18	0.03	-0.5	2N5B
DT8A	0.79	0.18		0.65	0.56	0.52	0.72	0.83	0.76	0.53	DT8A
94P	0.71	-0.02	0.65		0.29	0.11	0.68	0.7	0.81	0.66	94P
2DG	0.64	0.37	0.56	0.29		0.62	0.2	0.72	0.54	0.28	2DG
IUI1	0.3	0.68	0.52	0.11	0.62		0.28	0.52	0.22	-0.2	IUI1
6HW	0.44	0.24	0.72	0.68	0.2	0.28		0.5	0.59	0.31	6HW
CZX	0.87	0.18	0.83	0.7	0.72	0.52	0.5		0.81	0.58	CZX
RS6	0.86	0.03	0.76	0.81	0.54	0.22	0.59	0.81		0.75	RS6
3RKU	0.8	-0.5	0.53	0.66	0.28	-0.2	0.31	0.58	0.75		3RKU
	6C2	2N5B	DT8A	94P	2DG	IUI1	6HW	CZX	RS6	3RKU

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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

CZX	+ 0.87	6C2
RS6	+ 0.86	6C2
CZX	+ 0.83	DT8A
RS6	+ 0.81	94P
RS6	+ 0.81	CZX
3RKU	+ 0.8	6C2

High negative correlations

3RKU	- 0.5	2N5B
3RKU	- 0.2	IUI1
2N5B	- 0.09	6C2
94P	- 0.02	2N5B

Risk-Adjusted Indicators

There is a big difference between Dell Stock performing well and Dell Technologies 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 Dell Technologies' 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
6C2	2.67	0.60	0.22	2.82	1.88	(3.77)	7.49	(3.30)	14.93
2N5B	2.05	(0.04)	(0.04)	0.04	2.14	(3.05)	6.20	(3.97)	15.21
DT8A	1.60	0.25	0.06	4.57	2.00	(1.78)	3.88	(3.33)	14.09
94P	1.26	0.14	0.02	0.55	1.45	(1.62)	3.01	(2.63)	10.45
2DG	3.52	0.36	0.08	0.51	3.07	(6.61)	9.68	(5.71)	20.87
IUI1	1.24	0.01	(0.05)	0.16	1.67	(1.33)	2.92	(2.21)	9.48
6HW	0.64	0.14	0.01	3.49	0.60	(1.27)	2.46	(1.79)	5.60
CZX	0.58	0.17	0.04	(7.17)	0.30	(0.97)	1.69	(0.58)	4.92
RS6	1.12	0.23	0.08	3.17	1.03	(1.26)	2.81	(1.99)	7.01
3RKU	1.73	0.55	0.19	(16.29)	1.62	(2.23)	4.11	(3.40)	11.00

Be your own money manager

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

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

William Scannell	President Global Enterprise Sales and Customer Operations, Dell EMC	Profile
Jennifer Saavedra	Chief Officer	Profile
David Dorman	Independent Director	Profile
Lynn Vojvodich	Independent Director	Profile
Rory Read	Chief Operating Executive, Dell and President Virtustream	Profile
Anthony Whitten	CoChief Officer	Profile

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