Deutsche EuroShop Correlations

DUSCF Stock

USD 22.95 0.00 0.00%

The current 90-days correlation between Deutsche EuroShop and Mesa Air Group is 0.05 (i.e., Significant diversification). The correlation of Deutsche EuroShop 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.

Deutsche EuroShop Correlation With Market

Weak diversification

The correlation between Deutsche EuroShop AG and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche EuroShop AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Deutsche Pink Sheet

0.69	CBRE	CBRE Group Class	Pair Corr
0.62	KB	KB Financial Group	Pair Corr
0.61	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.72	WF	Woori Financial Group	Pair Corr
0.62	BA	Boeing Earnings Call This Week	Pair Corr
0.72	JPM	JPMorgan Chase	Pair Corr
0.63	CAT	Caterpillar	Pair Corr

Moving against Deutsche Pink Sheet

0.51	PTBRY	Bank Negara Indonesia	Pair Corr
0.49	PPERY	Bank Mandiri Persero Earnings Call Next Week	Pair Corr
0.46	PBCRY	Bank Central Asia	Pair Corr
0.41	PPERF	Bank Mandiri Persero Earnings Call Next Week	Pair Corr
0.39	PBCRF	PT Bank Central	Pair Corr
0.38	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.36	TYIDF	Toyota Industries Corp Earnings Call Next Week	Pair Corr
0.35	BEKE	Ke Holdings	Pair Corr
0.5	TRV	The Travelers Companies	Pair Corr
0.4	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MESA	UAN	GEVO	CPA	ARQ	DAL	ULCC
MESA		-0.49	-0.08	-0.24	-0.29	-0.12	0.14	MESA
UAN	-0.49		0.72	0.53	0.85	0.76	0.07	UAN
GEVO	-0.08	0.72		0.6	0.79	0.68	0.35	GEVO
CPA	-0.24	0.53	0.6		0.71	0.54	0.71	CPA
ARQ	-0.29	0.85	0.79	0.71		0.78	0.27	ARQ
DAL	-0.12	0.76	0.68	0.54	0.78		0.44	DAL
ULCC	0.14	0.07	0.35	0.71	0.27	0.44		ULCC
	MESA	UAN	GEVO	CPA	ARQ	DAL	ULCC

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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

ARQ	+ 0.85	UAN
ARQ	+ 0.79	GEVO
DAL	+ 0.78	ARQ
DAL	+ 0.76	UAN
GEVO	+ 0.72	UAN
ARQ	+ 0.71	CPA

High negative correlations

UAN	- 0.49	MESA
ARQ	- 0.29	MESA
CPA	- 0.24	MESA
DAL	- 0.12	MESA
GEVO	- 0.08	MESA

Risk-Adjusted Indicators

There is a big difference between Deutsche Pink Sheet performing well and Deutsche EuroShop 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 Deutsche EuroShop'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
MESA	2.04	0.05	(0.01)	0.30	2.03	(2.76)	4.76	(3.48)	11.54
UAN	0.79	0.35	0.14	(2.21)	0.36	(0.98)	2.17	(1.26)	5.70
GEVO	3.74	0.12	0.06	0.28	4.03	(4.23)	7.64	(7.03)	19.68
CPA	1.22	0.21	0.10	0.53	1.10	(1.36)	2.79	(1.99)	7.42
ARQ	3.05	0.42	0.13	0.48	3.56	(3.35)	7.53	(5.34)	24.20
DAL	1.97	0.13	0.14	0.28	1.84	(2.35)	5.79	(4.13)	16.12
ULCC	3.26	0.09	0.12	0.24	2.98	(3.88)	7.71	(4.74)	21.88

Be your own money manager

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

Patrick Kiss	Head of Investor & Public Relations	Profile
Philipp Sepehr	Research Marketing	Profile
Nicolas Lissner	Sr PR	Profile
Rolf Brkl	GfK Insights	Profile
Iris Schberl	Managing Germany	Profile
Olaf Petersen	Managing Consulting	Profile
Ralph Borghaus	Head Accounting	Profile

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