Dassault Systemes Correlations
| DASTYDelisted Stock | USD 38.59 0.62 1.63% |
The current 90-days correlation between Dassault Systemes and ANSYS Inc is 0.07 (i.e., Significant diversification). The correlation of Dassault Systemes 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.
Dassault Systemes Correlation With Market
Significant diversification
The correlation between Dassault Systemes SA and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dassault Systemes SA and DJI in the same portfolio, assuming nothing else is changed.
Dassault |
The ability to find closely correlated positions to Dassault Systemes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dassault Systemes 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 Dassault Systemes - 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 Dassault Systemes SA to buy it.
Moving together with Dassault Pink Sheet
Moving against Dassault Pink Sheet
| 0.73 | BL | Blackline | PairCorr |
| 0.71 | DOCU | DocuSign | PairCorr |
| 0.71 | DUOT | Duos Technologies | PairCorr |
| 0.62 | DSGX | Descartes Systems | PairCorr |
| 0.61 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.6 | ZM | Zoom Video Communications | PairCorr |
| 0.6 | DUOL | Duolingo | PairCorr |
| 0.59 | VERX | Vertex | PairCorr |
| 0.58 | QH | Quhuo | PairCorr |
| 0.56 | VS | Versus Systems | PairCorr |
| 0.54 | EB | Eventbrite Class A | PairCorr |
| 0.53 | WK | Workiva | PairCorr |
| 0.51 | AI | C3 Ai Inc Buyout Trend | PairCorr |
| 0.49 | KC | Kingsoft Cloud Holdings | PairCorr |
| 0.49 | PD | Pagerduty | PairCorr |
| 0.45 | ML | MoneyLion Tech Boost | PairCorr |
| 0.42 | DJCO | Daily Journal Corp | PairCorr |
| 0.42 | DV | DoubleVerify Holdings | PairCorr |
| 0.41 | DOMO | Domo Inc | PairCorr |
| 0.39 | VMEO | Vimeo Inc | PairCorr |
| 0.35 | ZI | ZoomInfo Technologies | PairCorr |
| 0.56 | WFCF | Where Food Comes | PairCorr |
| 0.51 | ANY | Sphere 3D Corp | PairCorr |
| 0.5 | APP | Applovin Corp | PairCorr |
| 0.49 | EGHT | 8x8 Common Stock | PairCorr |
| 0.48 | ESTC | Elastic NV | PairCorr |
| 0.46 | FICO | Fair Isaac | PairCorr |
| 0.46 | API | Agora Inc | PairCorr |
| 0.44 | EGAN | eGain | PairCorr |
| 0.42 | ENFN | Enfusion | PairCorr |
| 0.39 | WBTN | WEBTOON Entertainment | PairCorr |
| 0.31 | EXFY | Expensify | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Dassault Pink Sheet performing well and Dassault Systemes 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 Dassault Systemes' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANSS | 1.17 | 0.04 | 0.02 | 0.11 | 1.46 | 2.82 | 11.30 | |||
| MANH | 1.34 | 0.10 | 0.07 | 0.14 | 1.88 | 3.13 | 9.70 | |||
| ROP | 0.80 | (0.11) | 0.00 | (0.03) | 0.00 | 1.60 | 7.18 | |||
| TYL | 0.90 | 0.06 | 0.00 | 0.32 | 0.89 | 2.06 | 7.85 | |||
| AZPN | 0.84 | 0.11 | 0.08 | 0.24 | 0.87 | 1.77 | 5.82 | |||
| BSY | 1.20 | (0.10) | 0.00 | (0.06) | 0.00 | 2.29 | 7.33 | |||
| DSGX | 1.15 | 0.21 | 0.18 | 0.26 | 0.98 | 2.86 | 7.84 | |||
| GWRE | 1.00 | (0.06) | (0.02) | 0.01 | 2.69 | 1.66 | 17.09 | |||
| SAP | 1.12 | 0.17 | 0.11 | 0.52 | 1.02 | 3.20 | 6.50 | |||
| CDNS | 1.75 | 0.18 | 0.08 | 0.25 | 2.14 | 3.48 | 18.93 |
View Dassault Systemes Related Equities
| Risk & Return | Correlation |
Dassault Systemes Corporate Management
| Rouven Bergmann | CFO VP | Profile | |
| Sgolne Moignet | Co Counsel | Profile | |
| Victoire Margerie | Marketing Equity | Profile | |
| Laurence BaucherBarths | Ex Officer | Profile |
Still Interested in Dassault Systemes SA?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.