Danone SA Correlations

GPDNF Stock

USD 68.60 0.40 0.59%

The current 90-days correlation between Danone SA and Associated British Foods is -0.04 (i.e., Good diversification). The correlation of Danone SA 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.

Danone SA Correlation With Market

Average diversification

The correlation between Danone SA and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danone SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Danone SA 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 SA 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 SA - 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 SA to buy it.

Moving together with Danone OTC Stock

0.65

MKC-V

McCormick Company

Pair Corr

Moving against Danone OTC Stock

0.56	FUWAF	Furukawa Electric	Pair Corr
0.54	DXYZ	Destiny Tech100	Pair Corr
0.53	RCAT	Red Cat Holdings Trending	Pair Corr
0.4	FMCB	Farmers Merchants Bancorp	Pair Corr
0.32	ADSK	Autodesk	Pair Corr
0.52	DECK	Deckers Outdoor	Pair Corr
0.51	SNOW	Snowflake Trending	Pair Corr
0.5	GM	General Motors Aggressive Push	Pair Corr
0.5	CRWD	Crowdstrike Holdings Earnings Call Tomorrow	Pair Corr
0.5	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.47	NVDA	NVIDIA	Pair Corr
0.43	BRK-B	Berkshire Hathaway	Pair Corr
0.42	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.39	PYPL	PayPal Holdings	Pair Corr
0.38	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.37	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.37	GVA	Granite Construction	Pair Corr
0.34	EATBF	Eat Beyond Global	Pair Corr
0.34	LLYVK	Liberty Media	Pair Corr
0.31	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.31	KSCP	Knightscope	Pair Corr

Related Correlations Analysis

	GLAPY	LFVN	SMPL	BRBR	SENEB	BRID	JJSF	CENT	CENTA	NSRGY
GLAPY		-0.31	-0.21	-0.29	0.05	0.04	-0.25	0.16	0.16	0.27	GLAPY
LFVN	-0.31		0.69	0.87	0.17	-0.7	0.25	-0.54	-0.57	-0.85	LFVN
SMPL	-0.21	0.69		0.85	0.18	-0.49	0.26	0.01	-0.02	-0.88	SMPL
BRBR	-0.29	0.87	0.85		0.26	-0.55	0.19	-0.29	-0.33	-0.96	BRBR
SENEB	0.05	0.17	0.18	0.26		-0.04	-0.09	0.18	0.16	-0.23	SENEB
BRID	0.04	-0.7	-0.49	-0.55	-0.04		0.04	0.59	0.6	0.56	BRID
JJSF	-0.25	0.25	0.26	0.19	-0.09	0.04		0.15	0.16	-0.24	JJSF
CENT	0.16	-0.54	0.01	-0.29	0.18	0.59	0.15		1.0	0.26	CENT
CENTA	0.16	-0.57	-0.02	-0.33	0.16	0.6	0.16	1.0		0.3	CENTA
NSRGY	0.27	-0.85	-0.88	-0.96	-0.23	0.56	-0.24	0.26	0.3		NSRGY
	GLAPY	LFVN	SMPL	BRBR	SENEB	BRID	JJSF	CENT	CENTA	NSRGY

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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

CENTA	+ 1.0	CENT
BRBR	+ 0.87	LFVN
BRBR	+ 0.85	SMPL
SMPL	+ 0.69	LFVN
CENTA	+ 0.6	BRID
CENT	+ 0.59	BRID

High negative correlations

NSRGY	- 0.96	BRBR
NSRGY	- 0.88	SMPL
NSRGY	- 0.85	LFVN
BRID	- 0.7	LFVN
CENTA	- 0.57	LFVN
BRID	- 0.55	BRBR

Risk-Adjusted Indicators

There is a big difference between Danone OTC Stock performing well and Danone SA 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 SA'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
GLAPY	0.85	0.06	(0.02)	(0.03)	1.55	(4.69)	5.13	(4.88)	13.74
LFVN	3.68	0.96	0.17	(2.70)	4.11	(4.17)	8.92	(6.81)	26.14
SMPL	1.14	0.24	0.14	0.54	1.03	(1.26)	2.91	(1.69)	5.79
BRBR	0.87	0.49	0.45	1.41	0.11	(1.15)	2.61	(0.91)	4.71
SENEB	1.27	0.27	0.06	(4.62)	1.22	(2.17)	4.02	(2.64)	11.90
BRID	2.40	(0.26)	0.00	(7.25)	0.00	0.00	4.52	(7.02)	32.90
JJSF	0.99	(0.12)	(0.08)	0.01	1.26	(1.04)	2.12	(1.89)	9.61
CENT	1.26	(0.11)	(0.08)	0.00	1.44	(1.45)	2.81	(2.33)	6.39
CENTA	1.28	(0.15)	(0.09)	(0.01)	1.45	(1.46)	2.74	(2.72)	6.82
NSRGY	0.78	(0.24)	0.00	(28.26)	0.00	0.00	1.64	(1.84)	9.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Danone SA 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.

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Danone SA Corporate Management

Elected by the shareholders, the Danone SA's board of directors comprises two types of representatives: Danone SA 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 SA's management team and ensure that shareholders' interests are well served. Danone SA'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 SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

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