DV8 Public Correlations
DV8 Stock | THB 0.40 0.01 2.44% |
The correlation of DV8 Public 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DV8 Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DV8 Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between DV8 Public and NYA is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DV8 Public and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to DV8 Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DV8 Public 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 DV8 Public - 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 DV8 Public to buy it.
Moving together with DV8 Stock
Moving against DV8 Stock
Related Correlations Analysis
0.41 | -0.85 | -0.51 | -0.06 | EFORL | ||
0.41 | -0.49 | -0.1 | 0.39 | ARIP | ||
-0.85 | -0.49 | 0.39 | 0.15 | GTB | ||
-0.51 | -0.1 | 0.39 | 0.32 | HPT | ||
-0.06 | 0.39 | 0.15 | 0.32 | ETE | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between DV8 Stock performing well and DV8 Public 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 DV8 Public'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EFORL | 2.80 | (0.26) | 0.00 | 0.76 | 0.00 | 5.26 | 16.37 | |||
ARIP | 1.11 | (0.33) | 0.00 | (1.16) | 0.00 | 1.41 | 11.27 | |||
GTB | 1.37 | 0.26 | 0.09 | (0.31) | 1.27 | 3.17 | 8.60 | |||
HPT | 1.99 | 0.11 | 0.02 | (0.14) | 1.93 | 5.36 | 20.19 | |||
ETE | 1.88 | (0.10) | 0.00 | (0.24) | 0.00 | 4.27 | 17.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DV8 Public 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.Did you try this?
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DV8 Public Corporate Management
Elected by the shareholders, the DV8 Public's board of directors comprises two types of representatives: DV8 Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DV8. The board's role is to monitor DV8 Public's management team and ensure that shareholders' interests are well served. DV8 Public'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, DV8 Public's outside directors are responsible for providing unbiased perspectives on the board's policies.
Supannee Klammanee | F Director | Profile | |
Kochakorn Ruksasuk | Company Sec | Profile | |
Ratchanok Supanit | Chief Officer | Profile | |
Nathaphol Kasamvilas | CEO Director | Profile | |
Ekkawit Kaewwichian | Sr Department | Profile | |
Pinratee Suwannan | Head Relations | Profile | |
Sorrakrit Lathitham | Chief Officer | Profile |
Already Invested in DV8 Public?
The danger of trading DV8 Public is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of DV8 Public is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than DV8 Public. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DV8 Public is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DV8 Public. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the DV8 Public information on this page should be used as a complementary analysis to other DV8 Public's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for DV8 Stock analysis
When running DV8 Public's price analysis, check to measure DV8 Public's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DV8 Public is operating at the current time. Most of DV8 Public's value examination focuses on studying past and present price action to predict the probability of DV8 Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DV8 Public's price. Additionally, you may evaluate how the addition of DV8 Public to your portfolios can decrease your overall portfolio volatility.
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