Diebold Nixdorf Correlations

DBD Stock

USD 68.00 0.95 1.42%

The current 90-days correlation between Diebold Nixdorf and Coca Cola Consolidated is 0.01 (i.e., Significant diversification). The correlation of Diebold Nixdorf 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.

Diebold Nixdorf Correlation With Market

Very weak diversification

The correlation between Diebold Nixdorf Incorporated and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diebold Nixdorf Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Diebold Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diebold Nixdorf Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Diebold Stock

0.71	ZM	Zoom Video Communications	Pair Corr
0.74	SSNC	SSC Technologies Holdings	Pair Corr
0.65	AVAL	Grupo Aval	Pair Corr
0.82	KB	KB Financial Group	Pair Corr
0.72	SHG	Shinhan Financial	Pair Corr
0.68	WF	Woori Financial Group	Pair Corr
0.87	BCH	Banco De Chile Normal Trading	Pair Corr
0.79	ACR-PC	ACRES Commercial Realty	Pair Corr
0.67	ASXSF	Elysee Development Corp	Pair Corr
0.78	F	Ford Motor Aggressive Push	Pair Corr
0.71	SANM	Sanmina	Pair Corr
0.84	NMIH	NMI Holdings	Pair Corr
0.88	WSFS	WSFS Financial	Pair Corr
0.62	DQ	Daqo New Energy	Pair Corr
0.84	ATI	Allegheny Technologies	Pair Corr
0.76	ACN	Accenture plc	Pair Corr
0.79	BOF	BranchOut Food Common	Pair Corr

Moving against Diebold Stock

0.89	TTD	Trade Desk	Pair Corr
0.87	BSY	Bentley Systems	Pair Corr
0.84	PTC	PTC Inc	Pair Corr
0.84	GWRE	Guidewire Software	Pair Corr
0.82	TYL	Tyler Technologies	Pair Corr
0.78	FNMFO	Federal National Mortgage	Pair Corr
0.77	SAP	SAP SE ADR	Pair Corr

Related Correlations Analysis

	BAC-PE	ATLKY	COKE	MRK	RCRUY	WRTBY	BAC-PB	AB	AA
BAC-PE		-0.19	-0.83	-0.89	-0.62	-0.73	0.27	-0.33	-0.75	BAC-PE
ATLKY	-0.19		-0.1	0.41	0.7	0.6	0.24	-0.1	0.71	ATLKY
COKE	-0.83	-0.1		0.75	0.29	0.54	-0.37	0.65	0.44	COKE
MRK	-0.89	0.41	0.75		0.67	0.75	-0.11	0.37	0.84	MRK
RCRUY	-0.62	0.7	0.29	0.67		0.66	0.13	-0.11	0.85	RCRUY
WRTBY	-0.73	0.6	0.54	0.75	0.66		0.1	0.33	0.87	WRTBY
BAC-PB	0.27	0.24	-0.37	-0.11	0.13	0.1		-0.09	0.19	BAC-PB
AB	-0.33	-0.1	0.65	0.37	-0.11	0.33	-0.09		0.1	AB
AA	-0.75	0.71	0.44	0.84	0.85	0.87	0.19	0.1		AA
	BAC-PE	ATLKY	COKE	MRK	RCRUY	WRTBY	BAC-PB	AB	AA

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

AA	+ 0.87	WRTBY
AA	+ 0.85	RCRUY
AA	+ 0.84	MRK
MRK	+ 0.75	COKE
WRTBY	+ 0.75	MRK
AA	+ 0.71	ATLKY

High negative correlations

MRK	- 0.89	BAC-PE
COKE	- 0.83	BAC-PE
AA	- 0.75	BAC-PE
WRTBY	- 0.73	BAC-PE
RCRUY	- 0.62	BAC-PE
BAC-PB	- 0.37	COKE

Risk-Adjusted Indicators

There is a big difference between Diebold Stock performing well and Diebold Nixdorf 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 Diebold Nixdorf'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
BAC-PE	0.54	(0.16)	0.00	(0.63)	0.00	0.00	0.86	(1.49)	2.96
ATLKY	1.32	(0.01)	0.00	0.06	1.46	(1.54)	2.75	(2.56)	6.08
COKE	1.22	0.36	0.19	(5.90)	1.04	(1.29)	3.53	(2.26)	9.33
MRK	1.23	0.29	0.21	0.42	1.08	(1.52)	3.59	(1.98)	8.09
RCRUY	1.95	0.11	0.06	0.17	1.98	(2.42)	4.67	(3.68)	13.73
WRTBY	1.86	0.47	0.17	(1.01)	1.72	(2.18)	3.96	(3.49)	13.44
BAC-PB	0.17	0.00	(0.33)	0.06	0.12	(0.22)	0.55	(0.36)	1.07
AB	0.95	(0.03)	(0.04)	0.04	1.26	(0.91)	2.22	(1.79)	6.01
AA	2.92	0.78	0.31	0.39	2.46	(3.59)	6.80	(4.82)	18.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC