D-Market Electronic Correlations

HEPS
 Stock
  

USD 1.07  0.06  5.31%   

The correlation of D-Market Electronic is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as D-Market Electronic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if D-Market Electronic Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to D-Market Electronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace D-Market Electronic 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 D-Market Electronic - 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 D-Market Electronic Services to buy it.

Moving together with D-Market Electronic

0.91BOXDBoxed IncPairCorr
0.74CVNACarvana Co ClPairCorr
0.7HOURHour LoopPairCorr

Moving against D-Market Electronic

0.84JDJd Inc ADR Downward RallyPairCorr
0.8BZUNBaozun Inc ADR Earnings Call  This WeekPairCorr
0.79BABAAlibaba Group HoldingPairCorr
0.63DADADada NexusPairCorr
0.63JWELJowell GlobalPairCorr
0.58CHWYChewy IncPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BAMCD
GECAT
IBMBABA
JNJIBM
KOMCD
JNJKO
  
High negative correlations   
GEBABA
GEFFIE
CATFFIE
CATBA
CATMCD
CATBABA

D-Market Electronic Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between D-Market Electronic stock performing well and D-Market Electronic company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze D-Market Electronic's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BABA 3.40  0.07  0.01  0.03  4.42  0.0122 (3.67)  6.81 (8.13)  25.90 
FFIE 9.58  0.93  0.08  0.49  10.36  0.07 (11.11)  21.18 (16.25)  75.24 
MCD 0.95  0.08  0.07  0.11  1.11  0.07 (1.05)  2.22 (1.55)  5.13 
BA 2.60  0.22  0.06  0.11  3.06  0.06 (3.26)  6.45 (5.03)  16.31 
KO 0.98 (0.01)  0.00 (0.03)  0.00 (0.0078)  0.00  1.87 (1.96)  8.84 
IBM 1.19 (0.03)  0.00 (0.06)  0.00 (0.014)  0.00  2.09 (2.48)  7.86 
CAT 1.80 (0.18)  0.00 (0.16)  0.00 (0.08)  0.00  3.82 (4.35)  11.37 
JNJ 0.79 (0.05)  0.00 (0.12)  0.00 (0.0381)  0.00  1.75 (1.86)  5.07 
GE 1.62 (0.04)  0.00 (0.05)  0.00 (0.0196)  0.00  3.33 (4.74)  8.85 

Be your own money manager

Our tools can tell you how much better you can do entering a position in D-Market Electronic without increasing your portfolio risk or giving up 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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Invested in D-Market Electronic Services?

You need to understand the risk of investing before taking a position in D-Market Electronic. The danger of trading D-Market Electronic Services is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of D-Market Electronic is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than D-Market Electronic. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile D-Market Electronic is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the D-Market Electronic information on this page should be used as a complementary analysis to other D-Market Electronic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for D-Market Stock analysis

When running D-Market Electronic price analysis, check to measure D-Market Electronic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy D-Market Electronic is operating at the current time. Most of D-Market Electronic's value examination focuses on studying past and present price action to predict the probability of D-Market Electronic's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move D-Market Electronic's price. Additionally, you may evaluate how the addition of D-Market Electronic to your portfolios can decrease your overall portfolio volatility.
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Is D-Market Electronic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of D-Market Electronic. If investors know D-Market will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about D-Market Electronic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
348.8 M
Quarterly Revenue Growth YOY
0.82
Return On Assets
-0.28
Return On Equity
-0.98
The market value of D-Market Electronic is measured differently than its book value, which is the value of D-Market that is recorded on the company's balance sheet. Investors also form their own opinion of D-Market Electronic's value that differs from its market value or its book value, called intrinsic value, which is D-Market Electronic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because D-Market Electronic's market value can be influenced by many factors that don't directly affect D-Market Electronic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between D-Market Electronic's value and its price as these two are different measures arrived at by different means. Investors typically determine D-Market Electronic value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, D-Market Electronic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.