Dunxin Financial Correlations
| DXFDelisted Stock | USD 0.04 0.01 74.13% |
The current 90-days correlation between Dunxin Financial Holdings and MDJM is 0.03 (i.e., Significant diversification). The correlation of Dunxin Financial 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.
Dunxin Financial Correlation With Market
Significant diversification
The correlation between Dunxin Financial Holdings and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunxin Financial Holdings and DJI in the same portfolio, assuming nothing else is changed.
Dunxin |
Moving together with Dunxin Stock
| 0.69 | BKRKY | Bank Rakyat | PairCorr |
| 0.69 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.69 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.64 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.7 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Dunxin Stock
| 0.77 | CSCO | Cisco Systems | PairCorr |
| 0.75 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.72 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.7 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.68 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.65 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.62 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.57 | HD | Home Depot | PairCorr |
| 0.54 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.42 | HPQ | HP Inc | PairCorr |
| 0.36 | JPHLF | Japan Post Holdings | PairCorr |
Related Correlations Analysis
| 0.88 | 0.17 | -0.82 | 0.58 | MDJH | ||
| 0.88 | 0.1 | -0.65 | 0.61 | RETO | ||
| 0.17 | 0.1 | -0.39 | 0.42 | FEDU | ||
| -0.82 | -0.65 | -0.39 | -0.55 | MFH | ||
| 0.58 | 0.61 | 0.42 | -0.55 | BAOS | ||
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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 Dunxin Stock performing well and Dunxin Financial 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 Dunxin Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MDJH | 6.47 | (2.02) | 0.00 | (1.74) | 0.00 | 8.47 | 94.18 | |||
| RETO | 3.57 | (0.58) | 0.00 | (0.41) | 0.00 | 6.52 | 28.20 | |||
| FEDU | 2.65 | 0.08 | 0.00 | 0.04 | 0.00 | 7.17 | 19.81 | |||
| MFH | 9.59 | 2.98 | 0.37 | 0.78 | 7.42 | 26.81 | 115.89 | |||
| BAOS | 4.48 | (0.21) | 0.00 | 1.15 | 0.00 | 9.62 | 27.06 |
Dunxin Financial Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dunxin Financial stock to make a market-neutral strategy. Peer analysis of Dunxin Financial could also be used in its relative valuation, which is a method of valuing Dunxin Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dunxin Financial Corporate Executives
Elected by the shareholders, the Dunxin Financial's board of directors comprises two types of representatives: Dunxin Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dunxin. The board's role is to monitor Dunxin Financial's management team and ensure that shareholders' interests are well served. Dunxin Financial'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, Dunxin Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Still Interested in Dunxin Financial Holdings?
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