Deluxe Correlations

DLX Stock

USD 23.17 0.10 0.43%

The current 90-days correlation between Deluxe and Criteo Sa is 0.1 (i.e., Average diversification). The correlation of Deluxe 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.

Deluxe Correlation With Market

Poor diversification

The correlation between Deluxe and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deluxe and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Deluxe Stock please use our How to Invest in Deluxe guide.

Moving together with Deluxe Stock

0.83	LZ	LegalZoom	Pair Corr
0.83	WM	Waste Management Sell-off Trend	Pair Corr
0.8	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.86	VRSK	Verisk Analytics	Pair Corr
0.79	VSEC	VSE Corporation	Pair Corr
0.74	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.62	AXR	AMREP	Pair Corr
0.82	HNI	HNI Corp	Pair Corr
0.79	FVRR	Fiverr International	Pair Corr
0.86	HURN	Huron Consulting	Pair Corr
0.93	INOD	Innodata Buyout Trend	Pair Corr

Moving against Deluxe Stock

0.71	FC	Franklin Covey	Pair Corr
0.69	VCIG	VCI Global Limited Trending	Pair Corr
0.65	MG	Mistras Group	Pair Corr
0.63	MMS	Maximus	Pair Corr
0.61	EFX	Equifax	Pair Corr
0.61	SMX	SMX Public Limited	Pair Corr
0.58	FCN	FTI Consulting	Pair Corr
0.48	EXPO	Exponent	Pair Corr
0.44	VLTO	Veralto	Pair Corr
0.86	HDSN	Hudson Technologies	Pair Corr
0.77	PFMT	Performant Financial	Pair Corr
0.72	CVEO	Civeo Corp	Pair Corr
0.68	ICFI	ICF International	Pair Corr
0.68	LNZA	LanzaTech Global	Pair Corr
0.63	CP	Canadian Pacific Railway	Pair Corr
0.54	CREG	Smart Powerr Corp	Pair Corr
0.47	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	CRTO	EEX	MCHX	IAS	CMPR	CTV	OMC	WPP	ADTH
CRTO		0.59	0.3	-0.29	0.71	-0.07	-0.37	-0.73	0.39	CRTO
EEX	0.59		0.0	0.06	0.58	-0.09	-0.55	-0.52	0.14	EEX
MCHX	0.3	0.0		-0.01	0.48	-0.09	0.04	-0.44	0.0	MCHX
IAS	-0.29	0.06	-0.01		0.06	0.19	0.24	0.42	-0.23	IAS
CMPR	0.71	0.58	0.48	0.06		-0.11	-0.32	-0.66	0.06	CMPR
CTV	-0.07	-0.09	-0.09	0.19	-0.11		0.51	0.48	-0.16	CTV
OMC	-0.37	-0.55	0.04	0.24	-0.32	0.51		0.62	-0.16	OMC
WPP	-0.73	-0.52	-0.44	0.42	-0.66	0.48	0.62		-0.21	WPP
ADTH	0.39	0.14	0.0	-0.23	0.06	-0.16	-0.16	-0.21		ADTH
	CRTO	EEX	MCHX	IAS	CMPR	CTV	OMC	WPP	ADTH

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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

CMPR	+ 0.71	CRTO
WPP	+ 0.62	OMC
EEX	+ 0.59	CRTO
CMPR	+ 0.58	EEX
OMC	+ 0.51	CTV
CMPR	+ 0.48	MCHX

High negative correlations

WPP	- 0.73	CRTO
WPP	- 0.66	CMPR
OMC	- 0.55	EEX
WPP	- 0.52	EEX
WPP	- 0.44	MCHX
OMC	- 0.37	CRTO

Risk-Adjusted Indicators

There is a big difference between Deluxe Stock performing well and Deluxe 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 Deluxe'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
CRTO	1.96	(0.21)	0.00	(0.32)	0.00	0.00	3.92	(4.38)	26.95
EEX	3.04	(0.15)	0.00	(0.04)	0.00	0.00	4.44	(7.44)	36.80
MCHX	2.48	(0.11)	0.00	(0.20)	0.00	0.00	6.21	(5.14)	16.97
IAS	1.56	(0.13)	0.00	(0.02)	0.00	0.00	3.26	(2.41)	23.54
CMPR	1.91	(0.54)	0.00	(0.19)	0.00	0.00	3.66	(4.08)	13.12
CTV	3.89	0.91	0.30	0.53	2.72	(5.26)	5.35	(6.01)	86.13
OMC	0.96	(0.01)	(0.02)	0.11	1.51	(1.01)	1.97	(1.24)	10.11
WPP	1.15	0.15	0.08	0.35	1.11	(1.29)	2.12	(1.96)	8.80
ADTH	1.06	0.07	(0.02)	1.17	1.77	(1.68)	2.18	(2.94)	18.69

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