Danone PK Correlations
| DANOYDelisted Stock | USD 12.67 0.05 0.40% |
The current 90-days correlation between Danone PK and Heineken NV is -0.23 (i.e., Very good diversification). The correlation of Danone PK 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Danone PK Correlation With Market
Good diversification
The correlation between Danone PK and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danone PK and DJI in the same portfolio, assuming nothing else is changed.
Danone |
The ability to find closely correlated positions to Danone PK 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 PK 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 PK - 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 PK to buy it.
Moving against Danone OTC Stock
| 0.71 | BSFC | Blue Star Foods | PairCorr |
| 0.53 | KR | Kroger Company | PairCorr |
| 0.46 | EL | Estee Lauder Companies Earnings Call This Week | PairCorr |
| 0.44 | BJ | BJs Wholesale Club | PairCorr |
| 0.32 | K | Kellanova Earnings Call This Week | PairCorr |
| 0.79 | WILC | G Willi Food | PairCorr |
| 0.73 | WTER | Alkaline Water | PairCorr |
| 0.65 | DLTR | Dollar Tree | PairCorr |
| 0.56 | VITL | Vital Farms | PairCorr |
| 0.46 | CENTA | Central Garden Pet Earnings Call This Week | PairCorr |
| 0.41 | EDBL | Edible Garden AG | PairCorr |
| 0.32 | BTI | British American Tobacco Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.24 | 0.4 | 0.45 | 0.48 | HEINY | ||
| 0.24 | 0.76 | 0.75 | 0.61 | RBGLY | ||
| 0.4 | 0.76 | 0.86 | 0.72 | LRLCY | ||
| 0.45 | 0.75 | 0.86 | 0.77 | BASFY | ||
| 0.48 | 0.61 | 0.72 | 0.77 | BNPQY | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Danone OTC Stock performing well and Danone PK OTC Stock 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 PK'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HEINY | 0.93 | (0.34) | 0.00 | (1.09) | 0.00 | 1.45 | 6.23 | |||
| RBGLY | 0.97 | 0.08 | 0.02 | 0.74 | 0.94 | 2.24 | 9.17 | |||
| LRLCY | 1.23 | (0.05) | 0.00 | (0.03) | 0.00 | 2.17 | 6.52 | |||
| BASFY | 1.30 | (0.04) | 0.00 | (0.05) | 0.00 | 2.43 | 10.42 | |||
| BNPQY | 1.11 | (0.05) | 0.00 | (0.59) | 0.00 | 2.09 | 5.99 |
Danone PK Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Danone PK otc stock to make a market-neutral strategy. Peer analysis of Danone PK could also be used in its relative valuation, which is a method of valuing Danone PK by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Danone PK Corporate Management
Elected by the shareholders, the Danone PK's board of directors comprises two types of representatives: Danone PK 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 PK's management team and ensure that shareholders' interests are well served. Danone PK'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 PK's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vronique PenchienatiBosetta | Chief International | Profile | |
| Mathilde Rodie | Head Communication | Profile | |
| Antoine SaintAffrique | Director CEO | Profile | |
| Juergen Esser | Technology Financial | Profile | |
| Roberto Bernardini | Chief Officer | Profile | |
| Shane Grant | Chief America | Profile | |
| Dominique Poiroux | Ex Nutrition | Profile |
Still Interested in Danone PK?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.