Kerry Group Correlations
| KRYAF Stock | USD 86.80 4.62 5.05% |
The current 90-days correlation between Kerry Group plc and Grupo Bimbo SAB is -0.23 (i.e., Very good diversification). The correlation of Kerry 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.
Kerry Group Correlation With Market
Very good diversification
The correlation between Kerry Group plc and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kerry Group plc and DJI in the same portfolio, assuming nothing else is changed.
Kerry |
The ability to find closely correlated positions to Kerry 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 Kerry 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 Kerry 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 Kerry Group plc to buy it.
Moving against Kerry Pink Sheet
| 0.56 | CCEP | Coca Cola European | PairCorr |
| 0.53 | K | Kellanova | PairCorr |
| 0.52 | IRNRF | Iron Road Limited Earnings Call This Week | PairCorr |
| 0.46 | GIS | General Mills | PairCorr |
| 0.39 | MKC-V | McCormick Company | PairCorr |
| 0.34 | BMBOY | Grupo Bimbo SAB | PairCorr |
| 0.31 | NSRGF | Nestle SA Earnings Call This Week | PairCorr |
| 0.71 | KDP | Keurig Dr Pepper Aggressive Push | PairCorr |
| 0.68 | CP | Canadian Pacific Railway | PairCorr |
| 0.56 | TBBB | BBB Foods | PairCorr |
| 0.54 | TCLAF | Transcontinental | PairCorr |
| 0.53 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.5 | AAL | American Airlines | PairCorr |
| 0.47 | NREF | Nexpoint Real Estate | PairCorr |
| 0.39 | FLWS | 1 800 FLOWERSCOM | PairCorr |
| 0.53 | SBGSY | Schneider Electric | PairCorr |
| 0.49 | SPG | Simon Property Group | PairCorr |
| 0.38 | FDX | FedEx | PairCorr |
| 0.37 | DD | Dupont De Nemours | PairCorr |
| 0.33 | ALRS | Alerus Financial Corp | PairCorr |
| 0.33 | CFR | CullenFrost Bankers | PairCorr |
| 0.31 | AQNB | Algonquin Power Utilities | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Kerry Pink Sheet performing well and Kerry 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 Kerry 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRBMF | 2.35 | 0.01 | 0.00 | 0.07 | 3.12 | 7.14 | 18.87 | |||
| BMBOY | 1.46 | 0.16 | 0.06 | 0.30 | 1.53 | 5.43 | 12.14 | |||
| JDEPF | 0.09 | 0.03 | 0.00 | (0.62) | 0.00 | 0.00 | 2.45 | |||
| AJINY | 1.68 | 0.37 | 0.19 | 1.66 | 1.37 | 6.55 | 10.70 | |||
| CVPUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CABGY | 1.12 | 0.37 | 0.33 | 0.62 | 0.60 | 3.03 | 5.33 | |||
| WHGLY | 1.22 | 0.27 | 0.17 | 0.44 | 1.11 | 2.65 | 7.68 | |||
| CABHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KKOYY | 0.86 | 0.25 | 0.15 | 0.63 | 0.98 | 2.26 | 8.54 | |||
| EMBVF | 1.38 | 0.28 | 0.12 | 1.04 | 1.23 | 3.67 | 10.28 |
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Kerry Group Corporate Management
| William Lynch | Head Relations | Profile | |
| Thanh Nguyen | Middle Pacific | Profile | |
| Catherine Keogh | Chief Officer | Profile | |
| Albert McQuaid | Chief Officer | Profile |