Deluxe Correlations

DLX Stock

USD 16.30 0.07 0.43%

The current 90-days correlation between Deluxe and Advantage Solutions is 0.3 (i.e., 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 0.64 (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

0.64	KAR	KAR Auction Services	Pair Corr
0.84	MLKN	MillerKnoll	Pair Corr
0.75	CMPR	Cimpress NV	Pair Corr
0.69	J	Jacobs Solutions	Pair Corr
0.81	R	Ryder System Earnings Call This Week	Pair Corr
0.78	DIST	Distoken Acquisition	Pair Corr
0.61	BA	Boeing	Pair Corr
0.73	BE	Bloom Energy Corp	Pair Corr
0.67	CR	Crane Company	Pair Corr
0.74	GD	General Dynamics Earnings Call This Week	Pair Corr
0.76	HI	Hillenbrand	Pair Corr
0.65	HY	Hyster Yale Materials	Pair Corr
0.72	IR	Ingersoll Rand	Pair Corr
0.69	PH	Parker Hannifin	Pair Corr

Moving against Deluxe Stock

0.36	VIRC	Virco Manufacturing	Pair Corr
0.58	PC	Premium Catering	Pair Corr
0.44	NL	NL Industries	Pair Corr
0.37	GP	GreenPower Motor	Pair Corr
0.33	RR	Richtech Robotics Class Aggressive Push	Pair Corr

Related Correlations Analysis

	ADV	AGX	CMPR	CRTO	EME	HNI	HSII	IPG	KFY	QNST
ADV		0.37	0.39	-0.43	0.49	0.48	0.47	0.08	0.45	-0.03	ADV
AGX	0.37		0.6	-0.83	0.82	0.78	0.81	-0.22	0.81	-0.52	AGX
CMPR	0.39	0.6		-0.55	0.73	0.82	0.82	0.25	0.8	-0.4	CMPR
CRTO	-0.43	-0.83	-0.55		-0.8	-0.77	-0.8	0.13	-0.83	0.62	CRTO
EME	0.49	0.82	0.73	-0.8		0.96	0.94	0.22	0.95	-0.38	EME
HNI	0.48	0.78	0.82	-0.77	0.96		0.97	0.28	0.94	-0.44	HNI
HSII	0.47	0.81	0.82	-0.8	0.94	0.97		0.21	0.94	-0.47	HSII
IPG	0.08	-0.22	0.25	0.13	0.22	0.28	0.21		0.17	0.34	IPG
KFY	0.45	0.81	0.8	-0.83	0.95	0.94	0.94	0.17		-0.49	KFY
QNST	-0.03	-0.52	-0.4	0.62	-0.38	-0.44	-0.47	0.34	-0.49		QNST
	ADV	AGX	CMPR	CRTO	EME	HNI	HSII	IPG	KFY	QNST

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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

HSII	+ 0.97	HNI
HNI	+ 0.96	EME
KFY	+ 0.95	EME
HSII	+ 0.94	EME
KFY	+ 0.94	HNI
KFY	+ 0.94	HSII

High negative correlations

KFY	- 0.83	CRTO
CRTO	- 0.83	AGX
HSII	- 0.8	CRTO
EME	- 0.8	CRTO
HNI	- 0.77	CRTO
CRTO	- 0.55	CMPR

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
ADV	4.45	0.32	0.06	0.38	5.22	(5.23)	12.24	(7.41)	28.72
AGX	2.43	0.42	0.10	0.52	3.57	(2.44)	5.16	(4.41)	18.35
CMPR	1.96	(0.14)	(0.02)	0.04	2.87	(1.87)	3.91	(5.58)	11.77
CRTO	1.84	(0.37)	0.00	(0.34)	0.00	0.00	3.63	(3.82)	18.91
EME	1.31	0.44	0.27	0.51	1.20	(1.56)	3.84	(1.97)	7.37
HNI	1.36	0.14	0.13	0.25	1.18	(1.66)	3.58	(2.51)	8.64
HSII	1.11	0.03	0.02	0.16	1.56	(1.12)	2.62	(2.17)	7.65
IPG	1.46	(0.18)	0.00	(0.02)	0.00	0.00	2.99	(3.22)	8.77
KFY	1.22	0.25	0.08	(4.60)	1.24	(1.41)	2.97	(2.04)	9.17
QNST	1.98	(0.11)	(0.03)	0.03	3.35	(1.91)	4.46	(3.26)	21.23

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