Greencore Group Correlations
| GCG Stock | EUR 3.46 0.04 1.17% |
The current 90-days correlation between Greencore Group plc and United Internet AG is 0.01 (i.e., Significant diversification). The correlation of Greencore Group 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.
Greencore Group Correlation With Market
Poor diversification
The correlation between Greencore Group plc and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greencore Group plc and DJI in the same portfolio, assuming nothing else is changed.
Greencore |
The ability to find closely correlated positions to Greencore Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greencore Group 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 Greencore Group - 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 Greencore Group plc to buy it.
Moving together with Greencore Stock
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| 0.78 | UEO | Westlake Chemical | PairCorr |
| 0.78 | PKE | Park Aerospace Corp | PairCorr |
| 0.84 | RWE | RWE AG | PairCorr |
| 0.76 | 943 | FREY EO 250 | PairCorr |
| 0.81 | 6HS | Horseshoe Metals | PairCorr |
| 0.68 | 5P8 | Blue Foundry Bancorp Earnings Call This Week | PairCorr |
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| 0.75 | CIAH | CN EASTERN AIR | PairCorr |
| 0.89 | WWR | Woolworths Group | PairCorr |
| 0.8 | IHF | Safestore Holdings plc | PairCorr |
| 0.81 | ARW | Arrow Electronics | PairCorr |
| 0.78 | FJZB | ZIJIN MINH UNSPADR20 | PairCorr |
| 0.78 | YBB | CARNAVALE RES Split | PairCorr |
| 0.85 | LLD2 | Lloyds Banking Group | PairCorr |
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| 0.87 | WDC | WESTERN DIGITAL | PairCorr |
Moving against Greencore Stock
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 Greencore Stock performing well and Greencore Group 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 Greencore Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CVB | 1.89 | (0.22) | 0.00 | 0.87 | 0.00 | 6.25 | 12.50 | |||
| UTDI | 1.40 | (0.02) | (0.02) | 0.00 | 2.07 | 3.01 | 8.89 | |||
| 6IC | 2.12 | 0.19 | 0.05 | 0.49 | 2.85 | 4.81 | 14.07 | |||
| SEH | 1.76 | 0.12 | 0.05 | 0.18 | 2.06 | 3.27 | 10.05 | |||
| S9M | 2.32 | 0.35 | 0.15 | 0.31 | 1.95 | 4.14 | 31.53 | |||
| IE2A | 1.02 | 0.08 | 0.03 | 0.25 | 1.12 | 3.41 | 6.48 | |||
| XFB | 1.48 | (0.32) | 0.00 | (3.16) | 0.00 | 2.52 | 13.85 | |||
| 1ZG | 2.25 | 0.60 | 0.23 | 2.10 | 1.91 | 4.91 | 11.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Greencore Group 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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Greencore Group Corporate Management
Elected by the shareholders, the Greencore Group's board of directors comprises two types of representatives: Greencore Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Greencore. The board's role is to monitor Greencore Group's management team and ensure that shareholders' interests are well served. Greencore Group'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, Greencore Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Damien Moynagh | G Sec | Profile | |
| Clare Rees | Manufacturing Director | Profile | |
| Martin Ford | Group Director | Profile | |
| Emily Daw | Head Relations | Profile | |
| Michael Evans | Group Director | Profile |