JERONIMO MARTINS Correlations

JEM0 Stock

EUR 36.40 0.40 1.09%

The current 90-days correlation between JERONIMO MARTINS UNADR2 and Jernimo Martins SGPS is -0.17 (i.e., Good diversification). The correlation of JERONIMO MARTINS 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.

JERONIMO MARTINS Correlation With Market

Average diversification

The correlation between JERONIMO MARTINS UNADR2 and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JERONIMO MARTINS UNADR2 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to JERONIMO MARTINS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JERONIMO MARTINS 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 JERONIMO MARTINS - 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 JERONIMO MARTINS UNADR2 to buy it.

Moving together with JERONIMO Stock

0.76	SYY	Sysco	Pair Corr
0.84	JEM	Jernimo Martins SGPS	Pair Corr
0.7	P5F	Performance Food	Pair Corr
0.78	UFH	US Foods Holding	Pair Corr
0.71	3RK	Ryohin Keikaku	Pair Corr
0.64	AIRA	Airbus SE	Pair Corr
0.71	SONA	Sony Group	Pair Corr
0.65	NTT	Nippon Telegraph	Pair Corr
0.72	BMT	British American Tobacco	Pair Corr
0.64	DTE	Deutsche Telekom	Pair Corr
0.66	BSI	BE Semiconductor Ind	Pair Corr
0.67	OTP	OTP Bank Nyrt	Pair Corr
0.64	5F3	JINS HOLDINGS INC	Pair Corr
0.74	XGH	ENN Energy Holdings	Pair Corr
0.74	ZOF	SBI Holdings	Pair Corr
0.75	RC2	RCM TECHNOLOGIES	Pair Corr
0.71	RHM	Rheinmetall AG	Pair Corr

Moving against JERONIMO Stock

0.75	BYRA	PT Bank Rakyat	Pair Corr
0.66	AXL1	Axfood AB	Pair Corr
0.66	SSUN	Samsung Electronics	Pair Corr
0.66	SSUN	Samsung Electronics	Pair Corr
0.64	SSU	Samsung Electronics	Pair Corr
0.64	SSU	Samsung Electronics	Pair Corr
0.32	B4B3	Metro AG	Pair Corr
0.43	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	SYY	JEM	BUZ1	JEM0	P5F	UFH	AXL1	6BF	B4B3
SYY		0.67	0.16	0.76	0.89	0.85	-0.59	0.11	-0.34	SYY
JEM	0.67		-0.21	0.84	0.63	0.72	-0.74	-0.14	-0.3	JEM
BUZ1	0.16	-0.21		-0.15	0.14	-0.01	0.24	0.79	0.27	BUZ1
JEM0	0.76	0.84	-0.15		0.7	0.78	-0.66	-0.16	-0.32	JEM0
P5F	0.89	0.63	0.14	0.7		0.91	-0.63	0.06	-0.28	P5F
UFH	0.85	0.72	-0.01	0.78	0.91		-0.71	-0.02	-0.27	UFH
AXL1	-0.59	-0.74	0.24	-0.66	-0.63	-0.71		0.17	0.2	AXL1
6BF	0.11	-0.14	0.79	-0.16	0.06	-0.02	0.17		0.27	6BF
B4B3	-0.34	-0.3	0.27	-0.32	-0.28	-0.27	0.2	0.27		B4B3
	SYY	JEM	BUZ1	JEM0	P5F	UFH	AXL1	6BF	B4B3

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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

UFH	+ 0.91	P5F
P5F	+ 0.89	SYY
UFH	+ 0.85	SYY
JEM0	+ 0.84	JEM
6BF	+ 0.79	BUZ1
UFH	+ 0.78	JEM0

High negative correlations

AXL1	- 0.74	JEM
AXL1	- 0.71	UFH
AXL1	- 0.66	JEM0
AXL1	- 0.63	P5F
AXL1	- 0.59	SYY
B4B3	- 0.34	SYY

Risk-Adjusted Indicators

There is a big difference between JERONIMO Stock performing well and JERONIMO MARTINS 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 JERONIMO MARTINS'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
SYY	0.88	0.09	0.10	0.60	0.88	(1.10)	2.32	(1.72)	6.50
JEM	1.41	0.10	0.06	0.34	1.63	(1.44)	2.48	(2.55)	11.35
BUZ1	1.00	(0.05)	0.00	(0.33)	0.00	0.00	1.65	(2.26)	7.32
JEM0	1.26	0.11	0.07	0.55	1.32	(1.46)	2.34	(2.20)	8.72
P5F	1.19	0.21	0.14	0.71	1.25	(1.37)	2.07	(1.85)	11.73
UFH	1.21	0.28	0.16	1.04	1.12	(1.72)	2.26	(2.94)	10.25
AXL1	1.39	(0.37)	0.00	(1.20)	0.00	0.00	2.56	(2.82)	11.36
6BF	1.22	(0.06)	0.00	0.13	0.00	0.00	2.55	(2.50)	9.21
B4B3	2.32	(0.03)	0.00	(0.06)	0.00	0.00	5.94	(6.48)	19.00

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Our tools can tell you how much better you can do entering a position in JERONIMO MARTINS 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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