Dole Plc Correlations

4CB Stock

EUR 13.25 0.15 1.12%

The current 90-days correlation between Dole plc and Perusahaan Perseroan PT is -0.18 (i.e., Good diversification). The correlation of Dole Plc 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.

Dole Plc Correlation With Market

Poor diversification

The correlation between Dole plc 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 Dole plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Dole Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dole Plc 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 Dole Plc - 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 Dole plc to buy it.

Moving together with Dole Stock

0.63	SK3	Smurfit Kappa Group	Pair Corr
0.62	HY9H	SK hynix	Pair Corr
0.8	GWW	WW Grainger	Pair Corr
0.61	RE3	Richardson Electronics	Pair Corr
0.75	NOEJ	Norma Group AG	Pair Corr
0.61	WHX	APRANGA AB EO Earnings Call This Week	Pair Corr
0.66	TGE1	Mobilezone Holding	Pair Corr
0.66	L3XC	Centrais Elétricas Earnings Call This Week	Pair Corr
0.63	DYF1	Dynavax Technologies	Pair Corr
0.76	ECK	LUDWIG BECK	Pair Corr
0.75	TOTB	TotalEnergies SE	Pair Corr
0.61	HSY	Hershey	Pair Corr
0.62	0XHR	Xenia Hotels Resorts Earnings Call Today	Pair Corr
0.78	ODF	Old Dominion Freight	Pair Corr
0.7	G7A	Grupo Aeroportuario del	Pair Corr

Moving against Dole Stock

0.35	NVD	NVIDIA Earnings Call Tomorrow	Pair Corr
0.48	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	PQ9	PQ90	BYRA	SSUN	SSU	SSUN	SSU	BZG2	TCID	PTI
PQ9		0.23	0.18	0.12	0.14	0.17	0.17	-0.01	-0.17	-0.06	PQ9
PQ90	0.23		-0.11	0.32	0.31	0.31	0.31	-0.08	-0.08	-0.11	PQ90
BYRA	0.18	-0.11		0.44	0.45	0.45	0.46	-0.45	-0.18	-0.15	BYRA
SSUN	0.12	0.32	0.44		0.99	0.99	0.98	-0.78	-0.31	-0.43	SSUN
SSU	0.14	0.31	0.45	0.99		0.99	0.99	-0.79	-0.33	-0.44	SSU
SSUN	0.17	0.31	0.45	0.99	0.99		0.99	-0.79	-0.34	-0.42	SSUN
SSU	0.17	0.31	0.46	0.98	0.99	0.99		-0.79	-0.35	-0.43	SSU
BZG2	-0.01	-0.08	-0.45	-0.78	-0.79	-0.79	-0.79		0.32	0.48	BZG2
TCID	-0.17	-0.08	-0.18	-0.31	-0.33	-0.34	-0.35	0.32		0.67	TCID
PTI	-0.06	-0.11	-0.15	-0.43	-0.44	-0.42	-0.43	0.48	0.67		PTI
	PQ9	PQ90	BYRA	SSUN	SSU	SSUN	SSU	BZG2	TCID	PTI

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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

SSU	+ 0.99	SSUN
SSUN	+ 0.99	SSUN
SSUN	+ 0.99	SSU
SSU	+ 0.99	SSU
SSU	+ 0.99	SSUN
SSU	+ 0.98	SSUN

High negative correlations

BZG2	- 0.79	SSU
BZG2	- 0.79	SSUN
BZG2	- 0.79	SSU
BZG2	- 0.78	SSUN
BZG2	- 0.45	BYRA
PTI	- 0.44	SSU

Risk-Adjusted Indicators

There is a big difference between Dole Stock performing well and Dole Plc 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 Dole Plc'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
PQ9	4.85	0.25	0.03	0.17	5.73	(9.30)	17.39	(14.29)	40.26
PQ90	3.03	0.29	0.05	(10.68)	3.95	(4.01)	11.49	(9.09)	42.92
BYRA	3.70	0.31	0.02	(0.14)	4.07	(7.41)	11.11	(10.00)	26.67
SSUN	2.61	0.83	0.27	1.18	2.32	(2.99)	6.04	(4.93)	14.94
SSU	2.95	1.06	0.36	5.40	2.24	(3.73)	7.66	(4.89)	15.03
SSUN	2.47	0.96	0.29	(0.98)	2.09	(2.91)	6.10	(4.11)	13.83
SSU	2.84	1.07	0.35	(1.43)	2.00	(3.83)	6.22	(3.69)	15.50
BZG2	2.91	(0.16)	0.00	(7.36)	0.00	0.00	7.50	(7.69)	22.82
TCID	4.01	0.13	0.01	0.65	5.37	(10.33)	12.50	(15.00)	35.42
PTI	1.49	(0.03)	(0.03)	(0.03)	2.44	(1.64)	3.47	(2.73)	16.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dole Plc 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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