Danone SA Correlations

GPDNF Stock

USD 86.30 1.75 2.07%

The current 90-days correlation between Danone SA and Wal Mart de is -0.14 (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

Excellent diversification

The correlation between Danone SA and DJI is -0.55 (i.e., Excellent 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

0.92	DANOY	Danone PK	Pair Corr
0.71	PBCRY	Bank Central Asia	Pair Corr

Moving against Danone OTC Stock

0.71	JPSTF	JAPAN POST BANK	Pair Corr
0.7	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.65	CIADY	China Mengniu Dairy	Pair Corr
0.6	GRBMF	Grupo Bimbo SAB	Pair Corr
0.59	BKRKY	Bank Rakyat Normal Trading	Pair Corr
0.43	BMBOY	Grupo Bimbo SAB	Pair Corr
0.42	K	Kellanova Earnings Call This Week	Pair Corr
0.39	PTBRY	Bank Negara Indonesia	Pair Corr
0.32	CIADF	China Mengniu Dairy	Pair Corr
0.78	IMNM	Immunome	Pair Corr
0.72	NNBR	NN Inc Earnings Call This Week	Pair Corr
0.66	MZHOF	Mizuho Financial	Pair Corr
0.65	CMA	Comerica Incorporated	Pair Corr
0.63	PLOW	Douglas Dynamics Earnings Call This Week	Pair Corr
0.61	LIN	Linde plc Ordinary	Pair Corr
0.54	GIC	Global Industrial	Pair Corr
0.5	SWGAY	Swatch Group AG	Pair Corr
0.46	CLOEF	Cloetta AB ser	Pair Corr
0.42	OFSTF	Carbon Streaming Corp	Pair Corr
0.38	CP	Canadian Pacific Railway	Pair Corr
0.34	PSPSF	PSP Swiss Property	Pair Corr
0.34	HPGLY	Hapag Lloyd Aktienge	Pair Corr
0.78	ACDC	ProFrac Holding Corp	Pair Corr
0.77	IPAR	Inter Parfums	Pair Corr
0.75	SUBCY	Subsea 7 SA	Pair Corr
0.72	CIG	Companhia Energetica	Pair Corr
0.72	ORINY	Orion Oyj ADR	Pair Corr
0.64	CASY	Caseys General Stores	Pair Corr

Related Correlations Analysis

	WMMVY	WMMVF	RBGLY	DGEAF	RBGPF	JAPAY	JAPAF	HEINY	HINKF	BMBOY
WMMVY		0.68	0.52	0.63	0.58	0.59	0.26	0.51	0.53	0.59	WMMVY
WMMVF	0.68		0.25	0.41	0.32	0.43	0.23	0.35	0.32	0.34	WMMVF
RBGLY	0.52	0.25		0.62	0.92	0.77	0.32	0.79	0.83	0.91	RBGLY
DGEAF	0.63	0.41	0.62		0.57	0.72	0.34	0.74	0.67	0.68	DGEAF
RBGPF	0.58	0.32	0.92	0.57		0.72	0.27	0.78	0.83	0.84	RBGPF
JAPAY	0.59	0.43	0.77	0.72	0.72		0.44	0.9	0.86	0.87	JAPAY
JAPAF	0.26	0.23	0.32	0.34	0.27	0.44		0.52	0.48	0.29	JAPAF
HEINY	0.51	0.35	0.79	0.74	0.78	0.9	0.52		0.94	0.8	HEINY
HINKF	0.53	0.32	0.83	0.67	0.83	0.86	0.48	0.94		0.82	HINKF
BMBOY	0.59	0.34	0.91	0.68	0.84	0.87	0.29	0.8	0.82		BMBOY
	WMMVY	WMMVF	RBGLY	DGEAF	RBGPF	JAPAY	JAPAF	HEINY	HINKF	BMBOY

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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
WMMVY	1.10	(0.08)	0.00	(0.02)	0.00	0.00	2.22	(2.22)	7.20
WMMVF	2.40	(0.03)	(0.04)	0.00	2.88	(3.32)	6.86	(4.85)	24.77
RBGLY	0.73	0.21	0.12	(3.46)	0.38	(0.92)	1.65	(1.14)	3.90
DGEAF	1.88	(0.02)	(0.03)	0.01	3.47	(1.79)	3.45	(3.47)	20.46
RBGPF	1.10	0.20	0.05	(0.67)	0.87	(2.08)	3.59	(2.29)	8.72
JAPAY	0.84	0.08	0.00	0.54	0.92	(1.04)	2.07	(1.32)	7.28
JAPAF	1.99	0.16	0.00	(0.32)	3.50	(2.98)	4.31	(8.32)	23.04
HEINY	1.03	0.21	0.08	2.53	1.17	(1.13)	2.54	(1.44)	7.33
HINKF	1.19	0.30	0.07	(0.79)	1.25	(1.82)	4.01	(2.17)	10.01
BMBOY	1.35	0.21	0.07	0.41	1.30	(2.91)	5.43	(2.52)	14.14

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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