Decent Holding Correlations

DXST Stock

1.29 0.03 2.27%

The current 90-days correlation between Decent Holding Ordinary and Euroholdings is -0.1 (i.e., Good diversification). The correlation of Decent Holding 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Decent Holding Correlation With Market

Modest diversification

The correlation between Decent Holding Ordinary and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Decent Holding Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Decent Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decent Holding Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Decent Stock

0.77

003027

Tongxing Environmental

Pair Corr

Moving against Decent Stock

0.67	0QOJ	Peach Property Group	Pair Corr
0.6	LZ	LegalZoom	Pair Corr
0.58	0MPL	SGL Carbon SE	Pair Corr
0.35	0K7V	News Corp Cl	Pair Corr
0.57	0NYZ	Bertrandt AG	Pair Corr
0.34	0I0J	Clorox	Pair Corr
0.44	0R3E	Lockheed Martin Corp	Pair Corr
0.44	0O7J	Corticeira Amorim	Pair Corr
0.41	0F08	Kongsberg Gruppen ASA	Pair Corr
0.36	0QUU	Afry AB	Pair Corr

Related Correlations Analysis

	HCAI	EHLD	MTEN	CTRM	GTEC	TOMZ	WFF	MSGY	AQMS	JOB
HCAI		-0.52	0.76	-0.11	0.76	0.87	0.89	0.22	0.27	0.68	HCAI
EHLD	-0.52		-0.32	0.01	-0.24	-0.38	-0.37	0.08	-0.18	-0.26	EHLD
MTEN	0.76	-0.32		0.07	0.84	0.82	0.81	0.68	0.04	0.73	MTEN
CTRM	-0.11	0.01	0.07		0.13	0.06	-0.02	0.17	-0.08	0.24	CTRM
GTEC	0.76	-0.24	0.84	0.13		0.8	0.84	0.53	0.13	0.77	GTEC
TOMZ	0.87	-0.38	0.82	0.06	0.8		0.92	0.48	0.13	0.75	TOMZ
WFF	0.89	-0.37	0.81	-0.02	0.84	0.92		0.37	0.22	0.8	WFF
MSGY	0.22	0.08	0.68	0.17	0.53	0.48	0.37		-0.22	0.41	MSGY
AQMS	0.27	-0.18	0.04	-0.08	0.13	0.13	0.22	-0.22		0.16	AQMS
JOB	0.68	-0.26	0.73	0.24	0.77	0.75	0.8	0.41	0.16		JOB
	HCAI	EHLD	MTEN	CTRM	GTEC	TOMZ	WFF	MSGY	AQMS	JOB

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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

WFF	+ 0.92	TOMZ
WFF	+ 0.89	HCAI
TOMZ	+ 0.87	HCAI
GTEC	+ 0.84	MTEN
WFF	+ 0.84	GTEC
TOMZ	+ 0.82	MTEN

High negative correlations

EHLD	- 0.52	HCAI
TOMZ	- 0.38	EHLD
WFF	- 0.37	EHLD
MTEN	- 0.32	EHLD
JOB	- 0.26	EHLD
GTEC	- 0.24	EHLD

Risk-Adjusted Indicators

There is a big difference between Decent Stock performing well and Decent Holding 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 Decent Holding'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
HCAI	3.53	(0.98)	0.00	(0.63)	0.00	0.00	5.45	(7.89)	26.67
EHLD	1.25	0.05	(0.01)	(0.13)	1.60	(1.52)	3.26	(2.48)	9.31
MTEN	6.87	(3.58)	0.00	(21.51)	0.00	0.00	11.11	(18.10)	61.35
CTRM	2.05	0.10	0.04	0.14	2.19	(2.60)	6.25	(3.49)	14.35
GTEC	3.57	(0.52)	0.00	(0.32)	0.00	0.00	7.53	(7.83)	20.47
TOMZ	2.38	(0.22)	0.00	(0.44)	0.00	0.00	3.90	(5.10)	24.49
WFF	3.76	(0.75)	0.00	(0.45)	0.00	0.00	7.87	(8.16)	19.38
MSGY	7.12	(0.48)	0.00	1.38	0.00	0.00	13.87	(19.50)	99.40
AQMS	14.37	2.74	0.25	0.53	11.23	(22.68)	44.94	(16.18)	251.83
JOB	1.82	(0.07)	0.00	(0.07)	0.00	0.00	5.56	(5.26)	16.11

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