Groupe Danone Correlations

GPDNF
 Stock
  

USD 52.70  0.38  0.73%   

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

Moving together with Groupe Danone

+0.85NSRGFNestle Sa ChamPairCorr
+0.62KHCKraft HeinzPairCorr
+0.93DANOYDanone ADRPairCorr
+0.66HRLHormel Foods Corp Earnings Call  This WeekPairCorr
+0.74KRYAFKerry Group ClPairCorr
+0.84FFord Motor Potential GrowthPairCorr
+0.69CCLCarnival Corp Fiscal Year End 19th of December 2022 PairCorr

Moving against Groupe Danone

-0.51NMHLYNMC HEALTH PLCPairCorr

Related Correlations

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GIS
HRL
KHC
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0.330.230.34
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GIS
0.330.310.54
GIS
HRL
0.230.310.63
HRL
KHC
0.340.540.63
KHC
K
GIS
HRL
KHC
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
KHCHRL
KHCGIS
KHCK
GISK
HRLGIS
HRLK
  

Groupe Danone Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Groupe OTC Stock performing well and Groupe Danone 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 Groupe Danone'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 Groupe Danone 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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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Groupe Danone Corporate Directors

Groupe Danone corporate directors refer to members of a Groupe Danone board of directors. The board of directors generally takes responsibility for the Groupe Danone'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 Groupe Danone's board members must vote for the resolution. The Groupe Danone 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 Groupe Danone?

The danger of trading Groupe Danone 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 Groupe Danone 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 Groupe Danone. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Groupe Danone 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.
Please check Risk vs Return Analysis. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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