Dupont De Correlations

6D81 Stock

EUR 64.13 0.48 0.75%

The current 90-days correlation between Dupont De Nemours and Zijin Mining Group is 0.12 (i.e., Average diversification). The correlation of Dupont De 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.

Dupont De Correlation With Market

Good diversification

The correlation between Dupont De Nemours and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dupont De Nemours and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dupont Stock

0.67	ECJ	Ecolab Inc	Pair Corr
0.71	DLY	LyondellBasell Industries	Pair Corr
0.84	AMC	Albemarle	Pair Corr
0.65	4ON	HEALTHCARE TRPFD	Pair Corr
0.67	3KF	Auxly Cannabis Group	Pair Corr
0.82	E908	Lyxor 1	Pair Corr
0.8	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Dupont Stock

0.8	DBPD	Xtrackers ShortDAX	Pair Corr
0.74	47M	MedMira	Pair Corr

Related Correlations Analysis

	US8	SW6	I43	IZZ	HP3A	DVY	3EAG	FJZ
US8		0.33	0.74	0.05	0.31	-0.23	-0.92	0.85	US8
SW6	0.33		0.59	0.39	-0.29	0.71	-0.21	0.46	SW6
I43	0.74	0.59		-0.01	0.15	0.14	-0.67	0.75	I43
IZZ	0.05	0.39	-0.01		-0.13	0.41	-0.02	0.18	IZZ
HP3A	0.31	-0.29	0.15	-0.13		-0.39	-0.4	0.27	HP3A
DVY	-0.23	0.71	0.14	0.41	-0.39		0.29	0.03	DVY
3EAG	-0.92	-0.21	-0.67	-0.02	-0.4	0.29		-0.79	3EAG
FJZ	0.85	0.46	0.75	0.18	0.27	0.03	-0.79		FJZ
	US8	SW6	I43	IZZ	HP3A	DVY	3EAG	FJZ

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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

FJZ	+ 0.85	US8
FJZ	+ 0.75	I43
I43	+ 0.74	US8
DVY	+ 0.71	SW6
I43	+ 0.59	SW6
FJZ	+ 0.46	SW6

High negative correlations

3EAG	- 0.92	US8
FJZ	- 0.79	3EAG
3EAG	- 0.67	I43
3EAG	- 0.4	HP3A
DVY	- 0.39	HP3A
HP3A	- 0.29	SW6

Risk-Adjusted Indicators

There is a big difference between Dupont Stock performing well and Dupont De 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 Dupont De'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
US8	2.46	0.42	0.12	1.14	2.43	(3.03)	6.06	(4.32)	22.50
SW6	1.20	0.12	(0.02)	(1.38)	1.41	(1.24)	3.04	(2.43)	7.93
I43	1.84	0.23	0.07	0.58	2.10	(2.14)	4.04	(4.42)	16.13
IZZ	2.44	0.27	0.00	(0.10)	4.71	(2.49)	4.44	(6.21)	28.53
HP3A	2.09	0.15	(0.01)	(0.32)	2.26	(2.77)	4.98	(4.37)	13.21
DVY	1.89	0.20	0.00	(0.24)	2.01	(2.46)	4.81	(3.19)	19.00
3EAG	1.52	(0.50)	0.00	2.21	0.00	0.00	2.74	(3.92)	9.72
FJZ	2.13	0.33	0.08	0.85	2.43	(2.59)	5.29	(4.81)	13.66

Be your own money manager

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

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

Matthias Heinzel	President of Nutrition and Biosciences	Profile
Alexander Cutler	Lead Independent Director	Profile
Eleuthere Pont	Independent Director	Profile
Kimberly Markiewicz	Vice President - Diversity, Equity & Inclusion (DE&I)	Profile
Daryl Roberts	VP Officer	Profile

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