Danone PK Correlations

DANOY
 Stock
  

USD 10.61  0.07  0.66%   

The correlation of Danone PK 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 Danone PK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danone PK 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.
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The ability to find closely correlated positions to Danone PK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danone PK 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 Danone PK - 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 Danone PK to buy it.

Moving together with Danone PK

+0.87DOVDoverPairCorr
+0.8DDDupont De NemoursPairCorr
+0.77NYTNew York TimesPairCorr
+0.75LKNCYLuckin CoffeePairCorr
+0.93LULULululemon Athletica Earnings Call TodayPairCorr
+0.83URIUnited RentalsPairCorr
+0.86BBYBest BuyPairCorr
+0.61CVXChevron CorpPairCorr

Moving against Danone PK

-0.66PTAIFPT Astra InternationalPairCorr
-0.54TLKTelkom Indonesia TbkPairCorr

Related Correlations

CPAMF
AZO
IDEXF
ORLY
AHODF
CRERF
REG
CPAMF
-0.310.14-0.20.380.50.21
CPAMF
AZO
-0.310.830.980.610.480.74
AZO
IDEXF
0.140.830.880.790.790.87
IDEXF
ORLY
-0.20.980.880.680.570.82
ORLY
AHODF
0.380.610.790.680.80.79
AHODF
CRERF
0.50.480.790.570.80.86
CRERF
REG
0.210.740.870.820.790.86
REG
CPAMF
AZO
IDEXF
ORLY
AHODF
CRERF
REG
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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   
ORLYAZO
ORLYIDEXF
REGIDEXF
REGCRERF
IDEXFAZO
REGORLY
  
High negative correlations   
AZOCPAMF
ORLYCPAMF

Risk-Adjusted Indicators

Nowadays, there is a big difference between Danone OTC Stock performing well and Danone PK 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 Danone PK'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Danone PK 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.

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Danone PK Corporate Directors

Danone PK corporate directors refer to members of a Danone PK board of directors. The board of directors generally takes responsibility for the Danone PK's 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 Danone PK's board members must vote for the resolution. The Danone PK board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Benoit Potier - Independent DirectorProfile
Michel Landel - Lead Independent DirectorProfile
JeanMichel Severino - Independent DirectorProfile
Bettina Theissig - Director - Employee RepresentativeProfile

Invested in Danone PK?

The danger of trading Danone PK 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 Danone PK 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 Danone PK. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Danone PK 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.
Continue to Investing Opportunities. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for analysis

When running Danone PK price analysis, check to measure Danone PK'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 Danone PK is operating at the current time. Most of Danone PK's value examination focuses on studying past and present price action to predict the probability of Danone PK's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Danone PK's price. Additionally, you may evaluate how the addition of Danone PK to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Danone PK's value and its price as these two are different measures arrived at by different means. Investors typically determine Danone PK value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danone PK'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.