Danone SA Correlations
| BSND Stock | EUR 14.00 0.20 1.41% |
The current 90-days correlation between Danone SA and Danone SA is 0.68 (i.e., Poor diversification). The correlation of Danone SA 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.
Danone SA Correlation With Market
Excellent diversification
The correlation between Danone SA and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danone SA and DJI in the same portfolio, assuming nothing else is changed.
Danone |
The ability to find closely correlated positions to Danone SA 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 SA 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 SA - 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 SA to buy it.
Moving together with Danone Stock
| 0.98 | BSN | Danone SA Earnings Call Tomorrow | PairCorr |
| 0.98 | BSN | Danone SA Earnings Call Tomorrow | PairCorr |
| 0.67 | KHNZ | Kraft Heinz | PairCorr |
Moving against Danone Stock
| 0.78 | SSU | Samsung Electronics | PairCorr |
| 0.77 | SSU | Samsung Electronics | PairCorr |
| 0.77 | SSUN | Samsung Electronics | PairCorr |
| 0.76 | SSUN | Samsung Electronics | PairCorr |
| 0.56 | ASJA | ASTRA INTERNATIONAL Earnings Call This Week | PairCorr |
| 0.82 | G1MN | Globex Mining Enterprises | PairCorr |
| 0.77 | 2N8 | Global Net Lease Earnings Call This Week | PairCorr |
| 0.77 | G40 | GDS Holdings Limited | PairCorr |
| 0.76 | BSI | BE Semiconductor Ind | PairCorr |
| 0.75 | HBC1 | HSBC Holdings plc Earnings Call This Week | PairCorr |
| 0.75 | V5F1 | Vibra Energia SA Split | PairCorr |
| 0.74 | HBC1 | HSBC HLDG Earnings Call This Week | PairCorr |
| 0.73 | TQI | TELECOM ITALIA | PairCorr |
| 0.6 | FV6 | EMMI N Earnings Call This Week | PairCorr |
| 0.59 | KEP1 | Keppel Limited | PairCorr |
| 0.57 | NPV | Nippon Carbon | PairCorr |
| 0.45 | UK8 | CubeSmart Earnings Call This Week | PairCorr |
| 0.39 | PD0 | Pebblebrook Hotel Trust Earnings Call This Week | PairCorr |
| 0.32 | PU7 | PulteGroup | PairCorr |
| 0.32 | S05 | Scales Limited Earnings Call This Week | PairCorr |
| 0.84 | ASME | ASML Holding NV | PairCorr |
| 0.8 | OTP | OTP Bank Nyrt | PairCorr |
| 0.76 | KSB3 | KSB SE | PairCorr |
| 0.75 | TGE1 | MOBILEZONE N | PairCorr |
Related Correlations Analysis
| 0.48 | 0.47 | 0.49 | 0.53 | 0.79 | 0.79 | NESM | ||
| 0.48 | 0.99 | 0.98 | -0.25 | 0.35 | 0.32 | BSN | ||
| 0.47 | 0.99 | 0.98 | -0.27 | 0.33 | 0.3 | BSN | ||
| 0.49 | 0.98 | 0.98 | -0.27 | 0.33 | 0.31 | BSND | ||
| 0.53 | -0.25 | -0.27 | -0.27 | 0.34 | 0.36 | AJI | ||
| 0.79 | 0.35 | 0.33 | 0.33 | 0.34 | 0.98 | GRM | ||
| 0.79 | 0.32 | 0.3 | 0.31 | 0.36 | 0.98 | GRM | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Danone Stock performing well and Danone SA 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 Danone SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NESM | 1.03 | (0.03) | 0.00 | (3.32) | 0.00 | 2.49 | 6.72 | |||
| BSN | 0.99 | (0.16) | 0.00 | (0.22) | 0.00 | 1.96 | 10.09 | |||
| BSN | 1.04 | (0.14) | 0.00 | (0.40) | 0.00 | 1.84 | 9.17 | |||
| BSND | 1.41 | (0.15) | 0.00 | (0.39) | 0.00 | 3.36 | 16.79 | |||
| AJI | 1.84 | 0.30 | 0.13 | 0.70 | 1.81 | 4.88 | 9.92 | |||
| GRM | 1.24 | (0.04) | 0.00 | (17.02) | 0.00 | 2.45 | 11.47 | |||
| GRM | 1.29 | (0.05) | 0.00 | 0.55 | 0.00 | 2.48 | 13.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Danone SA 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.Did you try this?
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Danone SA Corporate Management
Elected by the shareholders, the Danone SA's board of directors comprises two types of representatives: Danone SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Danone. The board's role is to monitor Danone SA's management team and ensure that shareholders' interests are well served. Danone SA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Danone SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mathilde Rodie | Head Finance | Profile | |
| Juergen Esser | Technology Financial | Profile | |
| Veronique PenchienatiBosetta | Group Officer | Profile | |
| Vikram Agarwal | Chief Officer | Profile | |
| Pablo Perversi | Turkey, Europe | Profile |