Dole PLC Correlations

DOLE Stock

USD 13.23 0.26 2.00%

The current 90-days correlation between Dole PLC and Adecoagro SA is 0.25 (i.e., Modest 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

Modest diversification

The correlation between Dole PLC and DJI is 0.21 (i.e., Modest 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dole PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Dole Stock refer to our How to Trade Dole Stock guide.

Moving together with Dole Stock

0.73	BG	Bunge Limited	Pair Corr
0.76	LW	Lamb Weston Holdings	Pair Corr
0.71	ADM	Archer Daniels Midland	Pair Corr
0.86	BUD	Anheuser Busch Inbev	Pair Corr
0.79	CAG	ConAgra Foods	Pair Corr
0.91	CPB	Campbell Soup	Pair Corr
0.61	DAR	Darling Ingredients	Pair Corr
0.83	FLO	Flowers Foods	Pair Corr
0.9	FMX	Fomento Economico	Pair Corr
0.81	GIS	General Mills	Pair Corr
0.73	HSY	Hershey	Pair Corr
0.83	KHC	Kraft Heinz	Pair Corr
0.88	LND	Brasilagro Adr	Pair Corr
0.74	RGF	Real Good Food	Pair Corr

Moving against Dole Stock

0.8	K	Kellanova	Pair Corr
0.62	BTI	British American Tobacco	Pair Corr
0.6	EDBL	Edible Garden AG	Pair Corr
0.57	BON	Bon Natural Life	Pair Corr
0.44	CCU	Compania Cervecerias	Pair Corr
0.43	VITL	Vital Farms	Pair Corr
0.36	TR	Tootsie Roll Industries	Pair Corr
0.92	RLX	RLX Technology	Pair Corr
0.57	JVA	Coffee Holding Potential Growth	Pair Corr
0.57	TPB	Turning Point Brands	Pair Corr

Related Correlations Analysis

	LMNR	ALCO	AGRO	CALM	FDP	LND	BG	SANW	ADM	AFRI
LMNR		-0.44	0.69	-0.52	0.14	0.7	0.69	-0.53	0.49	0.54	LMNR
ALCO	-0.44		-0.42	0.56	-0.07	-0.43	-0.3	0.58	-0.34	-0.53	ALCO
AGRO	0.69	-0.42		-0.8	-0.23	0.94	0.8	-0.78	0.71	0.49	AGRO
CALM	-0.52	0.56	-0.8		0.37	-0.84	-0.66	0.8	-0.65	-0.7	CALM
FDP	0.14	-0.07	-0.23	0.37		-0.27	-0.3	0.29	-0.62	-0.39	FDP
LND	0.7	-0.43	0.94	-0.84	-0.27		0.84	-0.76	0.73	0.61	LND
BG	0.69	-0.3	0.8	-0.66	-0.3	0.84		-0.54	0.84	0.53	BG
SANW	-0.53	0.58	-0.78	0.8	0.29	-0.76	-0.54		-0.53	-0.63	SANW
ADM	0.49	-0.34	0.71	-0.65	-0.62	0.73	0.84	-0.53		0.6	ADM
AFRI	0.54	-0.53	0.49	-0.7	-0.39	0.61	0.53	-0.63	0.6		AFRI
	LMNR	ALCO	AGRO	CALM	FDP	LND	BG	SANW	ADM	AFRI

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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

LND	+ 0.94	AGRO
BG	+ 0.84	LND
ADM	+ 0.84	BG
BG	+ 0.8	AGRO
SANW	+ 0.8	CALM
ADM	+ 0.73	LND

High negative correlations

LND	- 0.84	CALM
CALM	- 0.8	AGRO
SANW	- 0.78	AGRO
SANW	- 0.76	LND
AFRI	- 0.7	CALM
BG	- 0.66	CALM

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
LMNR	1.75	(0.24)	0.00	(0.28)	0.00	0.00	3.35	(4.37)	13.26
ALCO	1.93	0.39	0.23	0.53	1.47	(2.48)	4.92	(2.99)	23.20
AGRO	1.19	(0.13)	0.00	(0.51)	0.00	0.00	1.78	(3.02)	9.72
CALM	1.40	0.35	0.19	0.47	1.46	(1.44)	2.78	(2.67)	8.89
FDP	1.10	0.15	0.12	0.29	1.12	(1.37)	2.31	(1.90)	14.96
LND	1.21	(0.19)	0.00	(3.14)	0.00	0.00	2.16	(3.23)	7.35
BG	1.18	(0.29)	0.00	4.54	0.00	0.00	1.67	(2.26)	6.82
SANW	9.05	1.93	0.29	0.76	5.98	(14.19)	30.41	(9.94)	72.44
ADM	1.08	(0.18)	0.00	0.44	0.00	0.00	2.02	(2.63)	7.18
AFRI	1.05	(0.17)	0.00	(1.05)	0.00	0.00	1.83	(2.03)	7.04

Dole PLC Corporate Management

James Regan	Head Relations	Profile
FCA BComm	CEO Director	Profile
Jacinta FCA	CFO Director	Profile
BBS FCA	Ex Chairman	Profile
MBA BBA	COO Director	Profile

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