Givaudan Correlations
| GVDNY Stock | USD 86.03 0.52 0.61% |
The current 90-days correlation between Givaudan SA ADR and Novozymes AS B is 0.19 (i.e., Average diversification). The correlation of Givaudan 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Givaudan Correlation With Market
Good diversification
The correlation between Givaudan SA ADR and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Givaudan SA ADR and DJI in the same portfolio, assuming nothing else is changed.
Givaudan |
The ability to find closely correlated positions to Givaudan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Givaudan 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 Givaudan - 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 Givaudan SA ADR to buy it.
Moving together with Givaudan Pink Sheet
| 0.91 | AIQUY | Air Liquide SA | PairCorr |
| 0.9 | AIQUF | LAir Liquide SA | PairCorr |
| 0.79 | ECL | Ecolab Inc | PairCorr |
| 0.83 | SKFOF | Sika AG | PairCorr |
| 0.84 | SXYAY | Sika AG ADR | PairCorr |
| 0.63 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.72 | PPG | PPG Industries | PairCorr |
Moving against Givaudan Pink Sheet
| 0.72 | GLABF | Gemina Laboratories | PairCorr |
| 0.64 | GOOGL | Alphabet Class A Earnings Call Next Week | PairCorr |
| 0.78 | PLX | Protalix Biotherapeutics | PairCorr |
| 0.77 | FTNT | Fortinet | PairCorr |
| 0.74 | BNRE | BNRE Old Symbol Change | PairCorr |
| 0.74 | JFBR | Jeffs Brands | PairCorr |
| 0.72 | TATT | Tat Techno | PairCorr |
| 0.7 | CRESW | Cresud SACIF y | PairCorr |
| 0.69 | USAC | USA Compression Partners | PairCorr |
| 0.64 | API | Agora Inc Trending | PairCorr |
| 0.59 | MRC | MRC Global | PairCorr |
| 0.57 | PETS | PetMed Express | PairCorr |
| 0.48 | DATS | DatChat | PairCorr |
| 0.47 | ARAY | Accuray Incorporated | PairCorr |
| 0.4 | ALCO | Alico Inc | PairCorr |
| 0.37 | FBIOP | Fortress Biotech Pref | PairCorr |
| 0.35 | PAG | Penske Automotive | PairCorr |
| 0.8 | SAH | Sonic Automotive | PairCorr |
| 0.79 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.77 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.68 | MRVL | Marvell Technology Buyout Trend | PairCorr |
| 0.65 | SCWX | Secureworks Corp | PairCorr |
| 0.6 | KODK | Eastman Kodak | PairCorr |
| 0.58 | TPL | Texas Pacific Land | PairCorr |
| 0.5 | PINXY | Peoples Insurance | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Givaudan Pink Sheet performing well and Givaudan 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 Givaudan'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVZMF | 1.89 | (0.23) | 0.00 | (0.35) | 0.00 | 3.61 | 12.23 | |||
| SYIEY | 0.88 | (0.41) | 0.00 | (3.77) | 0.00 | 1.11 | 5.59 | |||
| GVDBF | 1.04 | (0.28) | 0.00 | (3.89) | 0.00 | 2.71 | 13.41 | |||
| SKFOF | 1.88 | (0.31) | 0.00 | (2.94) | 0.00 | 4.26 | 12.30 | |||
| SXYAY | 0.94 | (0.30) | 0.00 | (2.70) | 0.00 | 1.63 | 7.03 | |||
| OEC | 2.21 | (0.21) | 0.00 | (38.93) | 0.00 | 4.05 | 19.27 | |||
| NNOMF | 3.36 | (0.30) | 0.00 | (0.34) | 0.00 | 7.14 | 19.27 | |||
| SNES | 5.42 | 0.55 | 0.08 | (0.49) | 5.76 | 12.34 | 45.70 | |||
| LOOP | 5.12 | (0.55) | 0.00 | (1.07) | 0.00 | 9.93 | 73.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Givaudan 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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Givaudan Corporate Management
| Gilles Andrier | Chief Officer | Profile | |
| Pierre Bnaich | Head Relations | Profile | |
| Simon HalleSmith | Member of the Executive Committee, Head of Global Human Resources | Profile | |
| Laurent Pieren | Head Audit | Profile | |
| Fabien Jaunault | Head Technology | Profile |