DL Industries Correlations
| DLNDY Stock | USD 2.62 0.07 2.60% |
The correlation of DL Industries 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 DL Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DL Industries ADR 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.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DL Industries ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. DLNDY |
The ability to find closely correlated positions to DL Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DL Industries 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 DL Industries - 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 DL Industries ADR to buy it.
Moving together with DLNDY Pink Sheet
| + | 0.72 | ECL | Ecolab Inc | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.88 | PPG | PPG Industries | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.65 | GVDNY | Givaudan SA ADR | PairCorr | ||
| + | 0.64 | BKRKY | Bank Rakyat | PairCorr | ||
| + | 0.64 | TLK | Telkom Indonesia Tbk | Financial Report 27th of October 2023 | PairCorr | |
| + | 0.7 | TLKMF | Telkom Indonesia Tbk | PairCorr |
Moving against DLNDY Pink Sheet
| - | 0.87 | NLY-PI | Annaly Capital Management | PairCorr | ||
| - | 0.78 | EC | Ecopetrol SA ADR | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.73 | DELL | Dell Technologies | Fiscal Quarter End 31st of October 2023 | PairCorr | |
| - | 0.72 | PPERF | Bank Mandiri Persero | PairCorr | ||
| - | 0.71 | PPERY | Bank Mandiri Persero | PairCorr |
Related Correlations Analysis
SHW | APD | ECL | DD | PPG | CB | ||
SHW | 0.33 | 0.46 | 0.87 | 0.1 | 0.27 | SHW | |
APD | 0.33 | 0.38 | 0.28 | 0.22 | 0.24 | APD | |
ECL | 0.46 | 0.38 | 0.2 | 0.75 | -0.42 | ECL | |
DD | 0.87 | 0.28 | 0.2 | -0.18 | 0.57 | DD | |
PPG | 0.1 | 0.22 | 0.75 | -0.18 | -0.75 | PPG | |
CB | 0.27 | 0.24 | -0.42 | 0.57 | -0.75 | CB | |
SHW | APD | ECL | DD | PPG | CB |
| 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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between DLNDY Pink Sheet performing well and DL Industries 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 DL Industries' 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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| SHW | 0.88 | 0.07 | 0.06 | 0.06 | 1.10 | 0.06 | (0.88) | 1.89 | (1.90) | 5.36 |
| APD | 0.86 | 0.03 | 0.02 | 0.01 | 1.53 | 0.0192 | (0.81) | 1.75 | (1.92) | 8.08 |
| ECL | 0.69 | (0.07) | 0.00 | (0.24) | 0.00 | (0.07) | 0.00 | 1.17 | (1.51) | 4.60 |
| DD | 0.83 | 0.13 | 0.12 | 0.10 | 0.94 | 0.12 | (0.93) | 1.73 | (1.56) | 6.04 |
| PPG | 0.99 | (0.08) | 0.00 | (0.08) | 0.00 | (0.07) | 0.00 | 1.92 | (2.27) | 6.28 |
| CB | 0.95 | 0.14 | 0.13 | 0.31 | 0.93 | 0.11 | (1.08) | 2.26 | (1.80) | 7.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DL Industries 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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DL Industries Corporate Directors
DL Industries corporate directors refer to members of a DL Industries board of directors. The board of directors generally takes responsibility for the DL Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of DL Industries' board members must vote for the resolution. The DL Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Alex Lao | Director | Profile | |
| Mercedita Nolledo | Independent Director | Profile | |
| Corazon PazBernardo | Independent Director | Profile | |
| Dean Lao | Managing Director - Chemrez | Profile |
Already Invested in DL Industries ADR?
The danger of trading DL Industries ADR 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 DL Industries 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 DL Industries. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DL Industries ADR 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.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DL Industries ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. Note that the DL Industries ADR information on this page should be used as a complementary analysis to other DL Industries' 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 the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for DLNDY Pink Sheet analysis
When running DL Industries' price analysis, check to measure DL Industries' 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 DL Industries is operating at the current time. Most of DL Industries' value examination focuses on studying past and present price action to predict the probability of DL Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DL Industries' price. Additionally, you may evaluate how the addition of DL Industries to your portfolios can decrease your overall portfolio volatility.
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