Dole PLC Correlations

DOLE Stock

USD 13.51 0.32 2.31%

The current 90-days correlation between Dole PLC and Adecoagro SA is 0.22 (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

Weak diversification

The correlation between Dole PLC and DJI is 0.35 (i.e., Weak 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

0.66	BG	Bunge Limited	Pair Corr
0.71	CL	Colgate Palmolive	Pair Corr
0.75	GO	Grocery Outlet Holding	Pair Corr
0.66	JZ	Jianzhi Education	Pair Corr
0.83	LW	Lamb Weston Holdings	Pair Corr
0.7	MO	Altria Group	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.68	UL	Unilever PLC ADR	Pair Corr
0.83	DNUT	Krispy Kreme	Pair Corr
0.74	WEST	Westrock Coffee	Pair Corr
0.73	FARM	Farmer Bros	Pair Corr

Moving against Dole Stock

0.69	DLTR	Dollar Tree	Pair Corr
0.64	GV	Visionary Education	Pair Corr
0.63	K	Kellanova	Pair Corr
0.35	DTCK	Davis Commodities	Pair Corr
0.33	EL	Estee Lauder Companies	Pair Corr
0.32	UG	United Guardian	Pair Corr
0.73	VITL	Vital Farms	Pair Corr
0.68	WILC	G Willi Food	Pair Corr
0.65	EDBL	Edible Garden AG	Pair Corr
0.56	BRLSW	Borealis Foods	Pair Corr
0.52	EEIQ	Elite Education Group	Pair Corr
0.5	ACI	Albertsons Companies	Pair Corr
0.48	EDTK	Skillful Craftsman	Pair Corr
0.43	WVVI	Willamette Valley	Pair Corr

Related Correlations Analysis

	LMNR	ALCO	AGRO	CALM	FDP	LND	BG	SANW	ADM	AFRI
LMNR		-0.78	0.83	-0.73	0.91	0.58	0.81	-0.74	0.66	0.81	LMNR
ALCO	-0.78		-0.58	0.72	-0.86	-0.32	-0.6	0.72	-0.45	-0.81	ALCO
AGRO	0.83	-0.58		-0.75	0.7	0.84	0.83	-0.76	0.59	0.56	AGRO
CALM	-0.73	0.72	-0.75		-0.67	-0.61	-0.7	0.75	-0.43	-0.68	CALM
FDP	0.91	-0.86	0.7	-0.67		0.47	0.79	-0.7	0.68	0.85	FDP
LND	0.58	-0.32	0.84	-0.61	0.47		0.68	-0.56	0.48	0.28	LND
BG	0.81	-0.6	0.83	-0.7	0.79	0.68		-0.67	0.9	0.7	BG
SANW	-0.74	0.72	-0.76	0.75	-0.7	-0.56	-0.67		-0.42	-0.71	SANW
ADM	0.66	-0.45	0.59	-0.43	0.68	0.48	0.9	-0.42		0.59	ADM
AFRI	0.81	-0.81	0.56	-0.68	0.85	0.28	0.7	-0.71	0.59		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

FDP	+ 0.91	LMNR
ADM	+ 0.9	BG
AFRI	+ 0.85	FDP
LND	+ 0.84	AGRO
AGRO	+ 0.83	LMNR
BG	+ 0.83	AGRO

High negative correlations

FDP	- 0.86	ALCO
AFRI	- 0.81	ALCO
ALCO	- 0.78	LMNR
SANW	- 0.76	AGRO
CALM	- 0.75	AGRO
SANW	- 0.74	LMNR

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	1.62	(0.28)	0.00	(0.31)	0.00	0.00	2.69	(4.37)	10.70
ALCO	1.82	0.21	0.12	0.53	1.62	(2.21)	3.61	(2.99)	23.20
AGRO	1.22	(0.22)	0.00	(0.53)	0.00	0.00	1.61	(3.02)	9.72
CALM	1.91	0.12	0.03	0.09	3.48	(1.66)	3.82	(4.98)	11.84
FDP	0.89	(0.18)	0.00	(0.55)	0.00	0.00	1.38	(1.93)	8.03
LND	1.03	(0.16)	0.00	(0.38)	0.00	0.00	1.72	(2.42)	6.11
BG	1.17	(0.31)	0.00	0.62	0.00	0.00	1.79	(2.18)	11.83
SANW	8.23	2.50	0.44	1.76	4.68	(11.62)	30.41	(7.71)	72.44
ADM	1.14	(0.17)	0.00	14.34	0.00	0.00	2.12	(2.63)	8.34
AFRI	0.89	(0.16)	0.00	(0.86)	0.00	0.00	1.68	(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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