Dixons Carphone Correlations
| DSITF Stock | USD 1.05 0.07 7.14% |
The current 90-days correlation between Dixons Carphone plc and Church Dwight is -0.09 (i.e., Good diversification). The correlation of Dixons Carphone 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.
Dixons Carphone Correlation With Market
Significant diversification
The correlation between Dixons Carphone plc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dixons Carphone plc and DJI in the same portfolio, assuming nothing else is changed.
Dixons |
The ability to find closely correlated positions to Dixons Carphone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dixons Carphone 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 Dixons Carphone - 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 Dixons Carphone plc to buy it.
Moving together with Dixons Pink Sheet
| 0.64 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Dixons Pink Sheet
| 0.78 | ANCTF | Alimentation Couchen Tard | PairCorr |
| 0.72 | LGCY | Legacy Education | PairCorr |
| 0.63 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.6 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.54 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.53 | SOUN | SoundHound AI Trending | PairCorr |
| 0.45 | WSM | Williams Sonoma | PairCorr |
| 0.35 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.32 | ORLY | OReilly Automotive | PairCorr |
| 0.69 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.57 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.54 | BBAI | BigBearai Holdings Tech Boost | PairCorr |
| 0.51 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.5 | PG | Procter Gamble | PairCorr |
| 0.48 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.48 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.31 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.54 | -0.33 | -0.13 | -0.15 | PG | ||
| 0.54 | -0.77 | -0.72 | 0.55 | CHD | ||
| -0.33 | -0.77 | 0.6 | -0.5 | VALN | ||
| -0.13 | -0.72 | 0.6 | -0.54 | TKR | ||
| -0.15 | 0.55 | -0.5 | -0.54 | WEYS | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Dixons Pink Sheet performing well and Dixons Carphone 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 Dixons Carphone'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PG | 0.75 | (0.06) | 0.00 | (3.07) | 0.00 | 1.56 | 5.01 | |||
| CHD | 0.89 | (0.04) | (0.11) | (0.01) | 1.06 | 1.53 | 6.62 | |||
| VALN | 2.23 | (0.86) | 0.00 | 83.96 | 0.00 | 3.60 | 11.78 | |||
| TKR | 1.39 | (0.17) | (0.05) | 0.00 | 2.57 | 2.80 | 16.50 | |||
| WEYS | 1.82 | (0.21) | (0.01) | 0.04 | 2.28 | 2.82 | 25.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dixons Carphone 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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Dixons Carphone Corporate Management
| Jonathan Mason | Group Director | Profile | |
| Mark Allsop | COO Officer | Profile | |
| Amy Shields | Head Communications | Profile | |
| Nigel Paterson | General Counsel, Company Secretary | Profile |