DigiPlus Interactive Correlations
The current 90-days correlation between DigiPlus Interactive Corp and Philex Mining Corp is -0.01 (i.e., Good diversification). The correlation of DigiPlus Interactive 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.
DigiPlus Interactive Correlation With Market
Very good diversification
The correlation between DigiPlus Interactive Corp and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DigiPlus Interactive Corp and DJI in the same portfolio, assuming nothing else is changed.
DigiPlus |
The ability to find closely correlated positions to DigiPlus Interactive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigiPlus Interactive 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 DigiPlus Interactive - 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 DigiPlus Interactive Corp to buy it.
Moving against DigiPlus Stock
| 0.75 | AUB | Asia United Bank | PairCorr |
| 0.74 | MBT | Metropolitan Bank Trust | PairCorr |
| 0.65 | BDO | BDO Unibank | PairCorr |
| 0.65 | APX | Apex Mining | PairCorr |
| 0.64 | GMA7 | GMA Network | PairCorr |
| 0.59 | URC | Universal Robina Corp | PairCorr |
| 0.57 | NIKL | Nickel Asia Corp | PairCorr |
| 0.54 | ACR | Alsons Consolidated | PairCorr |
| 0.5 | AEV | Aboitiz Equity Ventures | PairCorr |
| 0.5 | FLI | Filinvest Land | PairCorr |
| 0.46 | OPMB | Oriental Petroleum and | PairCorr |
| 0.45 | AC | Ayala Corp | PairCorr |
| 0.44 | ACEN | AC Energy Philippines | PairCorr |
| 0.44 | JFC | Jollibee Foods Corp | PairCorr |
| 0.43 | FB | San Miguel Pure | PairCorr |
| 0.43 | BNCOM | Bank of Commerce | PairCorr |
| 0.42 | OPM | Oriental Petroleum and | PairCorr |
| 0.42 | AGI | Alliance Global Group | PairCorr |
| 0.39 | TEL | PLDT Inc | PairCorr |
| 0.39 | ABS | ABS CBN Corp | PairCorr |
| 0.37 | ACENA | ACENA | PairCorr |
| 0.36 | VLL | Vista Land | PairCorr |
| 0.35 | BPI | Bank of the | PairCorr |
| 0.65 | EW | East West Banking | PairCorr |
| 0.58 | CPG | Century Properties | PairCorr |
| 0.54 | ECVC | ECVC | PairCorr |
| 0.51 | RLC | Robinsons Land Corp | PairCorr |
| 0.5 | MRSGI | Metro Retail Stores | PairCorr |
| 0.48 | GTPPB | GT Capital Holdings | PairCorr |
| 0.46 | BSC | Basic Energy Corp | PairCorr |
| 0.44 | PNB | Philippine National Bank | PairCorr |
| 0.44 | CEB | Cebu Air | PairCorr |
| 0.42 | FPH | First Philippine Holdings | PairCorr |
| 0.4 | COSCO | Cosco Capital | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between DigiPlus Stock performing well and DigiPlus Interactive 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 DigiPlus Interactive'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HI | 1.59 | 0.61 | 0.16 | (4.85) | 1.67 | 4.22 | 11.23 | |||
| CNVRG | 2.08 | (0.03) | 0.00 | 0.14 | 0.00 | 4.15 | 11.56 | |||
| PRIM | 2.65 | (0.02) | 0.00 | 0.08 | 0.00 | 5.00 | 27.89 | |||
| CEBCP | 1.48 | 0.22 | 0.09 | 1.38 | 1.33 | 3.90 | 12.32 | |||
| CNPF | 1.14 | (0.06) | 0.00 | (0.10) | 0.00 | 2.54 | 8.98 | |||
| MRSGI | 1.09 | 0.07 | 0.00 | (0.78) | 1.31 | 2.61 | 9.59 | |||
| PX | 2.34 | 0.35 | 0.08 | (5.92) | 3.17 | 4.88 | 22.69 |
DigiPlus Interactive Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DigiPlus Interactive stock to make a market-neutral strategy. Peer analysis of DigiPlus Interactive could also be used in its relative valuation, which is a method of valuing DigiPlus Interactive by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |