DoubleDragon Properties Correlations

DD Stock

9.50 0.02 0.21%

The current 90-days correlation between DoubleDragon Properties and Semirara Mining Corp is 0.04 (i.e., Significant diversification). The correlation of DoubleDragon Properties 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.

DoubleDragon Properties Correlation With Market

Good diversification

The correlation between DoubleDragon Properties Corp and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DoubleDragon Properties Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DoubleDragon Stock

0.86

VLL

Vista Land

Pair Corr

Moving against DoubleDragon Stock

0.88	FLI	Filinvest Land	Pair Corr
0.87	RLC	Robinsons Land Corp	Pair Corr
0.87	HOUSE	8990 Holdings	Pair Corr
0.83	PGOLD	Puregold Price Club	Pair Corr
0.8	DDPR	DoubleDragon Properties	Pair Corr
0.71	LPZ	Lopez Holdings Corp	Pair Corr
0.64	CEB	Cebu Air	Pair Corr
0.61	ALI	Ayala Land	Pair Corr
0.54	COSCO	Cosco Capital	Pair Corr
0.44	FDC	Filinvest Development	Pair Corr
0.37	AC	Ayala Corp	Pair Corr

Related Correlations Analysis

	SCC	AUB	SECB	AT	HOME	NRCP	APX
SCC		-0.15	-0.13	0.2	-0.36	0.32	0.58	SCC
AUB	-0.15		0.69	-0.42	-0.23	-0.31	-0.22	AUB
SECB	-0.13	0.69		-0.17	-0.19	-0.46	-0.36	SECB
AT	0.2	-0.42	-0.17		0.47	0.01	-0.21	AT
HOME	-0.36	-0.23	-0.19	0.47		-0.08	-0.66	HOME
NRCP	0.32	-0.31	-0.46	0.01	-0.08		0.46	NRCP
APX	0.58	-0.22	-0.36	-0.21	-0.66	0.46		APX
	SCC	AUB	SECB	AT	HOME	NRCP	APX

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

SECB	+ 0.69	AUB
APX	+ 0.58	SCC
HOME	+ 0.47	AT
APX	+ 0.46	NRCP
NRCP	+ 0.32	SCC
AT	+ 0.2	SCC

High negative correlations

APX	- 0.66	HOME
NRCP	- 0.46	SECB
AT	- 0.42	AUB
APX	- 0.36	SECB
HOME	- 0.36	SCC
NRCP	- 0.31	AUB

Risk-Adjusted Indicators

There is a big difference between DoubleDragon Stock performing well and DoubleDragon Properties 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 DoubleDragon Properties' 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
SCC	0.70	0.07	(0.04)	0.71	0.68	(0.88)	1.53	(1.35)	4.30
AUB	1.78	0.42	0.10	(0.49)	1.83	(2.42)	5.36	(2.66)	18.10
SECB	1.66	0.17	0.03	(4.07)	1.68	(1.99)	3.55	(2.63)	15.87
AT	1.94	(0.06)	(0.03)	0.03	2.66	(2.40)	4.82	(5.61)	14.50
HOME	1.51	(0.49)	0.00	(1.25)	0.00	0.00	2.04	(4.08)	11.42
NRCP	2.23	0.15	0.00	(0.49)	2.74	(2.86)	3.23	(4.48)	17.91
APX	2.47	0.35	0.06	(0.72)	2.88	(2.57)	5.26	(4.96)	16.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in DoubleDragon Properties 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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