Collins Foods Correlations

6CF Stock

EUR 4.40 0.06 1.38%

The current 90-days correlation between Collins Foods Limited and Cass Information Systems is -0.09 (i.e., Good diversification). The correlation of Collins Foods 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.

Collins Foods Correlation With Market

Average diversification

The correlation between Collins Foods Limited and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Collins Foods Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Collins Stock

0.76	0R6	Restaurant Brands	Pair Corr
0.91	HO1	Hologic	Pair Corr
0.74	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against Collins Stock

0.81	ASME	ASML Holding NV	Pair Corr
0.78	DBPE	Xtrackers LevDAX	Pair Corr
0.74	SLT	SCHALTBAU HOLDING	Pair Corr
0.71	DDN	Darden Restaurants	Pair Corr
0.66	E908	Lyxor 1	Pair Corr
0.45	YMI	Yellow Pages Limited	Pair Corr
0.33	XGR	COMPASS GROUP Earnings Call This Week	Pair Corr
0.31	XGR2	Compass Group PLC Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CC3	ADP	NB2	DT7	6PU	DDL	LID
CC3		0.54	-0.19	-0.15	-0.29	-0.3	0.23	CC3
ADP	0.54		0.54	0.24	0.34	-0.31	0.69	ADP
NB2	-0.19	0.54		0.54	0.87	-0.29	0.75	NB2
DT7	-0.15	0.24	0.54		0.59	-0.25	0.63	DT7
6PU	-0.29	0.34	0.87	0.59		-0.21	0.73	6PU
DDL	-0.3	-0.31	-0.29	-0.25	-0.21		-0.5	DDL
LID	0.23	0.69	0.75	0.63	0.73	-0.5		LID
	CC3	ADP	NB2	DT7	6PU	DDL	LID

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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

6PU	+ 0.87	NB2
LID	+ 0.75	NB2
LID	+ 0.73	6PU
LID	+ 0.69	ADP
LID	+ 0.63	DT7
6PU	+ 0.59	DT7

High negative correlations

LID	- 0.5	DDL
DDL	- 0.31	ADP
DDL	- 0.3	CC3
DDL	- 0.29	NB2
6PU	- 0.29	CC3
DDL	- 0.25	DT7

Risk-Adjusted Indicators

There is a big difference between Collins Stock performing well and Collins Foods 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 Collins Foods' 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
CC3	1.26	0.06	(0.01)	0.86	1.55	(1.51)	3.63	(2.83)	10.39
ADP	0.91	0.14	0.03	(0.92)	0.92	(1.01)	2.30	(2.10)	6.50
NB2	2.68	0.72	0.23	(0.72)	2.04	(3.59)	7.14	(3.61)	20.88
DT7	1.41	0.15	0.01	33.79	1.61	(5.32)	4.35	(4.17)	17.98
6PU	2.50	0.50	0.16	10.95	2.34	(3.14)	5.44	(3.46)	31.73
DDL	1.16	(0.07)	0.00	0.61	0.00	0.00	2.13	(2.10)	9.44
LID	1.93	0.49	0.21	3.71	1.61	(2.30)	3.88	(2.56)	23.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in Collins Foods 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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Collins Foods Corporate Management

Elected by the shareholders, the Collins Foods' board of directors comprises two types of representatives: Collins Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Collins. The board's role is to monitor Collins Foods' management team and ensure that shareholders' interests are well served. Collins Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Collins Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.

BA LLB	Company Sec	Profile
Christine Holman	Independent Non-Executive Director	Profile
Helen Moore	Chief Australia	Profile
Tony Ark	Chief Officer	Profile
Drew OMalley	Chief Operations Officer, Australia	Profile

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