Dotdigital Group Correlations

DOTD Stock

87.00 4.00 4.40%

The current 90-days correlation between Dotdigital Group Plc and Samsung Electronics Co is 0.04 (i.e., Significant diversification). The correlation of Dotdigital Group 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.

Dotdigital Group Correlation With Market

Average diversification

The correlation between Dotdigital Group Plc and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dotdigital Group Plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dotdigital Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dotdigital Group 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 Dotdigital Group - 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 Dotdigital Group Plc to buy it.

Moving together with Dotdigital Stock

0.64	BGEO	Bank of Georgia	Pair Corr
0.63	0HW4	Charter Communications	Pair Corr
0.63	DOM	Dominos Pizza Group	Pair Corr

Moving against Dotdigital Stock

0.41	IIG	Intuitive Investments	Pair Corr
0.39	OOA	Octopus Aim Vct	Pair Corr
0.36	IDHC	Integrated Diagnostics	Pair Corr
0.42	MARS	Marstons PLC	Pair Corr
0.33	RIO	Rio Tinto PLC	Pair Corr

Related Correlations Analysis

	SMSD	SMSN	HYUD	TYT	RIGD	SBID	HSBK
SMSD		0.98	0.88	-0.49	0.9	-0.64	-0.79	SMSD
SMSN	0.98		0.88	-0.48	0.91	-0.61	-0.84	SMSN
HYUD	0.88	0.88		-0.66	0.88	-0.63	-0.88	HYUD
TYT	-0.49	-0.48	-0.66		-0.49	0.29	0.68	TYT
RIGD	0.9	0.91	0.88	-0.49		-0.5	-0.77	RIGD
SBID	-0.64	-0.61	-0.63	0.29	-0.5		0.59	SBID
HSBK	-0.79	-0.84	-0.88	0.68	-0.77	0.59		HSBK
	SMSD	SMSN	HYUD	TYT	RIGD	SBID	HSBK

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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

SMSN	+ 0.98	SMSD
RIGD	+ 0.91	SMSN
RIGD	+ 0.9	SMSD
HYUD	+ 0.88	SMSD
HYUD	+ 0.88	SMSN
RIGD	+ 0.88	HYUD

High negative correlations

HSBK	- 0.88	HYUD
HSBK	- 0.84	SMSN
HSBK	- 0.79	SMSD
HSBK	- 0.77	RIGD
TYT	- 0.66	HYUD
SBID	- 0.64	SMSD

Risk-Adjusted Indicators

There is a big difference between Dotdigital Stock performing well and Dotdigital Group 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 Dotdigital Group'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
SMSD	1.66	(0.39)	0.00	2.15	0.00	0.00	3.81	(3.51)	10.50
SMSN	1.74	(0.34)	0.00	(15.77)	0.00	0.00	3.19	(4.00)	13.39
HYUD	1.85	(0.29)	0.00	(2.13)	0.00	0.00	3.67	(4.07)	11.89
TYT	0.94	0.10	0.03	2.55	1.44	(1.66)	2.39	(2.42)	10.47
RIGD	0.94	(0.33)	0.00	1.72	0.00	0.00	1.51	(2.70)	6.39
SBID	1.11	0.03	0.01	0.16	1.27	(1.27)	2.44	(2.30)	8.15
HSBK	1.02	0.13	0.08	2.56	1.09	(1.15)	2.39	(2.30)	8.48

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Our tools can tell you how much better you can do entering a position in Dotdigital Group 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.

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