Performance Food Correlations

Stocks . Germany . 
Stock . Performance Food Group
P5F Stock  EUR 79.00  3.50  4.64%   
The current 90-days correlation between Performance Food and Renesas Electronics is 0.07 (i.e., Significant diversification). The correlation of Performance Food 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.

Performance Food Correlation With Market

Very good diversification

The correlation between Performance Food Group and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Performance Food Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Performance Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Performance Food 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 Performance Food - 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 Performance Food Group to buy it.

Moving against Performance Stock

  0.61MUM Mensch und MaschinePairCorr
  0.61JUN3 Jungheinrich AG ONVZOPairCorr
  0.61MUM Mensch und MaschinePairCorr
  0.5XSI Sanyo Chemical IndustriesPairCorr
  0.5HHX HAMMONIA SchiffsholdingPairCorr
  0.45943 FREY EO 250PairCorr
  0.372MF MOBILE FACTORY INCPairCorr
  0.358SF SLIGRO FOOD GROUPPairCorr
  0.35FJZB ZIJIN MINH UNSPADR20PairCorr
  0.33G6A Golden Arrow ResourcesPairCorr
  0.31UUEC United UtilitiesPairCorr
  0.64TUI1 TUI AG Earnings Call This WeekPairCorr
  0.64WAC Wacker Neuson SEPairCorr
  0.535P8 Blue Foundry Bancorp Earnings Call This WeekPairCorr
  0.5SRT3 Sartorius AktiengesellschaPairCorr
  0.424HF Hoist Finance ABPairCorr
  0.42NEF NESTE OILPairCorr
  0.4E908 Lyxor 1PairCorr
  0.38H3M Hochschild Mining plcPairCorr
  0.38DBPE Xtrackers LevDAXPairCorr
  0.36WWR Woolworths GroupPairCorr

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

HAM
+ 0.91
P4Q
UMCB
+ 0.81
P4Q
UMCB
+ 0.78
HAM
UMCB
+ 0.73
HLIA
HLIA
+ 0.7
HAM
RE3
+ 0.7
HLIA
  

High negative correlations

HAM
- 0.45
NEN0
HLIA
- 0.37
NEN0
P4Q
- 0.37
NEN0
RE3
- 0.29
NEN0
UMCB
- 0.14
NEN0

Risk-Adjusted Indicators

There is a big difference between Performance Stock performing well and Performance Food 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 Performance Food'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Performance Food 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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Performance Food Corporate Management

Elected by the shareholders, the Performance Food's board of directors comprises two types of representatives: Performance Food inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Performance. The board's role is to monitor Performance Food's management team and ensure that shareholders' interests are well served. Performance Food'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, Performance Food's outside directors are responsible for providing unbiased perspectives on the board's policies.
Allen JDGeneral VPProfile
Scott GoldenDirector EngagementProfile
Erika CCPExecutive OfficerProfile
Christine VlahcevicVP OfficerProfile
Donald BulmerExecutive OfficerProfile
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