Deluxe Correlations

DLX Stock

USD 15.45 0.39 2.46%

The current 90-days correlation between Deluxe and Criteo Sa is 0.47 (i.e., Very weak diversification). The correlation of Deluxe 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.

Deluxe Correlation With Market

Poor diversification

The correlation between Deluxe and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deluxe and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Deluxe Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deluxe. 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 economic analysis.

For more information on how to buy Deluxe Stock please use our How to Invest in Deluxe guide.

Moving together with Deluxe Stock

0.63	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.73	ACCO	Acco Brands	Pair Corr
0.64	CNDT	Conduent	Pair Corr
0.64	BE	Bloom Energy Corp	Pair Corr
0.64	BZ	Kanzhun Ltd ADR	Pair Corr
0.77	EH	Ehang Holdings	Pair Corr
0.65	FC	Franklin Covey	Pair Corr
0.62	GP	GreenPower Motor	Pair Corr
0.8	HI	Hillenbrand	Pair Corr

Moving against Deluxe Stock

0.43	TH	Target Hospitality Corp	Pair Corr
0.35	WM	Waste Management	Pair Corr

Related Correlations Analysis

	CRTO	EEX	MCHX	IAS	CMPR	CTV	OMC	WPP	ADTH
CRTO		-0.54	0.21	0.37	-0.01	-0.59	0.77	0.07	0.0	CRTO
EEX	-0.54		0.27	0.29	0.31	0.2	-0.19	0.59	0.0	EEX
MCHX	0.21	0.27		0.84	0.47	-0.58	0.35	0.67	0.0	MCHX
IAS	0.37	0.29	0.84		0.49	-0.66	0.63	0.79	0.0	IAS
CMPR	-0.01	0.31	0.47	0.49		-0.1	0.21	0.28	0.0	CMPR
CTV	-0.59	0.2	-0.58	-0.66	-0.1		-0.64	-0.41	0.0	CTV
OMC	0.77	-0.19	0.35	0.63	0.21	-0.64		0.38	0.0	OMC
WPP	0.07	0.59	0.67	0.79	0.28	-0.41	0.38		0.0	WPP
ADTH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ADTH
	CRTO	EEX	MCHX	IAS	CMPR	CTV	OMC	WPP	ADTH

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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

IAS	+ 0.84	MCHX
WPP	+ 0.79	IAS
OMC	+ 0.77	CRTO
WPP	+ 0.67	MCHX
OMC	+ 0.63	IAS
WPP	+ 0.59	EEX

High negative correlations

CTV	- 0.66	IAS
OMC	- 0.64	CTV
CTV	- 0.59	CRTO
CTV	- 0.58	MCHX
EEX	- 0.54	CRTO
WPP	- 0.41	CTV

Risk-Adjusted Indicators

There is a big difference between Deluxe Stock performing well and Deluxe 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 Deluxe'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
CRTO	2.45	(0.44)	0.00	(0.30)	0.00	0.00	4.08	(7.58)	23.69
EEX	2.32	0.36	0.16	0.30	2.10	(3.05)	5.88	(3.90)	17.55
MCHX	3.06	0.03	0.00	0.09	3.24	(4.27)	7.63	(5.37)	19.29
IAS	2.02	(0.29)	0.00	(0.16)	0.00	0.00	4.72	(4.63)	22.60
CMPR	2.08	(0.02)	0.00	0.02	2.68	(2.25)	4.97	(4.50)	18.48
CTV	2.71	0.99	0.34	(7.68)	1.18	(4.89)	1.33	(4.81)	88.33
OMC	1.59	(0.23)	0.00	(0.19)	0.00	0.00	3.32	(3.79)	16.02
WPP	1.55	(0.08)	0.00	0.34	0.00	0.00	2.95	(3.45)	11.26
ADTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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