Collins Foods Correlations
| CLLFF Stock | USD 6.90 0.40 5.48% |
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
Modest diversification
The correlation between Collins Foods Limited and DJI is 0.23 (i.e., Modest 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.
Collins |
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 Pink Sheet
| 0.63 | MCD | McDonalds | PairCorr |
| 0.79 | QSR | Restaurant Brands | PairCorr |
| 0.74 | RSTRF | Restaurant Brands | PairCorr |
| 0.87 | YUMC | Yum China Holdings | PairCorr |
| 0.87 | TTE | TotalEnergies SE ADR | PairCorr |
| 0.76 | KODK | Eastman Kodak | PairCorr |
| 0.92 | DGWR | Critic Clothing | PairCorr |
| 0.89 | CSCO | Cisco Systems | PairCorr |
| 0.77 | AAPL | Apple Inc | PairCorr |
| 0.67 | FEMY | Femasys | PairCorr |
| 0.69 | TPB | Turning Point Brands | PairCorr |
| 0.86 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Collins Pink Sheet
| 0.89 | CMPGY | Compass Group PLC | PairCorr |
| 0.85 | CMPGF | Compass Group PLC | PairCorr |
| 0.58 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.49 | DRI | Darden Restaurants | PairCorr |
| 0.45 | DECAU | Denali Capital Acqui | PairCorr |
| 0.49 | TATT | Tat Techno | PairCorr |
| 0.47 | VHAI | VHAI | PairCorr |
| 0.36 | NYMXF | Nymox Pharmaceutical | PairCorr |
Related Correlations Analysis
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 Collins Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCCAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GUDDY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TACBY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FATLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SFHLF | 0.33 | 0.03 | 0.00 | (0.24) | 0.00 | 0.00 | 4.69 | |||
| RSTGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BJSAF | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.45 | |||
| DTCBD | 8.73 | 1.34 | 0.10 | (0.42) | 9.68 | 19.81 | 84.00 | |||
| IRLTY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELMWQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Collins Foods Corporate Management
| BA LLB | Company Sec | Profile | |
| Helen Moore | Chief Australia | Profile | |
| Tony Ark | Chief Officer | Profile | |
| Hans Miete | Chief Ltd | Profile | |
| Drew OMalley | CEO MD | Profile | |
| David Timm | Chief Officer | Profile | |
| BTrngDev GradCertHR | Chief Officer | Profile |