DWS Correlations
| HDAW Etf | USD 25.36 0.00 0.00% |
The current 90-days correlation between DWS and Xtrackers MSCI EAFE is 0.15 (i.e., Average diversification). The correlation of DWS 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.
DWS Correlation With Market
Significant diversification
The correlation between DWS and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DWS and DJI in the same portfolio, assuming nothing else is changed.
DWS |
Moving together with DWS Etf
| 0.78 | HD | Home Depot | PairCorr |
| 0.69 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.64 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.72 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against DWS Etf
| 0.36 | BND | Vanguard Total Bond | PairCorr |
| 0.4 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.38 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.31 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.56 | -0.57 | 0.96 | 0.99 | HDEF | ||
| 0.56 | 0.06 | 0.43 | 0.55 | DVYA | ||
| -0.57 | 0.06 | -0.62 | -0.58 | WBIY | ||
| 0.96 | 0.43 | -0.62 | 0.97 | EFAS | ||
| 0.99 | 0.55 | -0.58 | 0.97 | VWID | ||
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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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DWS Constituents Risk-Adjusted Indicators
There is a big difference between DWS Etf performing well and DWS ETF 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 DWS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HDEF | 0.60 | (0.09) | 0.00 | (0.52) | 0.00 | 1.01 | 3.70 | |||
| DVYA | 0.74 | 0.03 | (0.06) | 0.28 | 0.85 | 1.52 | 4.22 | |||
| WBIY | 0.65 | (0.03) | (0.06) | 0.07 | 0.62 | 1.39 | 4.49 | |||
| EFAS | 0.69 | (0.07) | 0.00 | 15.88 | 0.00 | 1.20 | 4.04 | |||
| VWID | 0.53 | (0.08) | 0.00 | (0.38) | 0.00 | 0.94 | 2.94 |
DWS 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 DWS etf to make a market-neutral strategy. Peer analysis of DWS could also be used in its relative valuation, which is a method of valuing DWS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |