Pernod Ricard Correlations

Stocks Germany . 
Stock . Pernod Ricard SA
PER Stock   107.45  0.15  0.14%   
The current 90-days correlation between Pernod Ricard SA and American Eagle Outfitters is -0.04 (i.e., Good diversification). The correlation of Pernod Ricard 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.

Pernod Ricard Correlation With Market

Good diversification

The correlation between Pernod Ricard SA and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pernod Ricard SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Pernod Ricard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pernod Ricard 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 Pernod Ricard - 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 Pernod Ricard SA to buy it.

Moving together with Pernod Stock

  0.75GUI Diageo plc Earnings Call This WeekPairCorr
  0.77M1I MGP IngredientsPairCorr
  0.64MWJ NAKED WINES PLCPairCorr

Moving against Pernod Stock

  0.89DVY DEVRY EDUCATION GRP Earnings Call This WeekPairCorr
  0.88LA3A Laureate EducationPairCorr
  0.782T9A TRAINLINE PLC LSPairCorr
  0.75AF4 Hanover InsurancePairCorr
  0.75108 Sumitomo Rubber InduPairCorr
  0.74SQE Strategic EducationPairCorr
  0.61XTP Sino AGPairCorr
  0.69EV EMBARK EDUCATION LTDPairCorr
  0.5774F LIFE BANC SPLITPairCorr
  0.53NTO NintendoPairCorr
  0.48UF2 Sunstone Hotel InvestorsPairCorr
  0.44A2X AAC TECHNOLOGHLDGADRPairCorr
  0.84ZIM Zimmer Biomet HoldingsPairCorr
  0.84GKD Grand Canyon EducationPairCorr
  0.77RHM Rheinmetall AGPairCorr
  0.772WY Wyndham Hotels ResortsPairCorr
  0.7551A American Public EducationPairCorr
  0.69LID Alliance Data Systems Earnings Call This WeekPairCorr
  0.69HOU CenterPoint EnergyPairCorr
  0.68ROW TEXAS ROADHOUSEPairCorr
  0.68TP3 THRACE PLASTICSPairCorr
  0.68HBC2 HSBC Holdings plcPairCorr
  0.64XSFA SENECA FOODS APairCorr
  0.61TE1 Bio Techne CorpPairCorr

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   
DMN
+ 0.76
M3V
AFG
+ 0.71
M3P
M3V
+ 0.65
SUI
DMN
+ 0.65
SUI
DMN
+ 0.62
GI4
GI4
+ 0.46
SUI
  
High negative correlations   
B3BN
- 1.0
RYAA
M3P
- 0.71
SUI
AFG
- 0.64
DMN
AFG
- 0.64
M3V
AFG
- 0.63
SUI
M3P
- 0.59
GI4

Risk-Adjusted Indicators

There is a big difference between Pernod Stock performing well and Pernod Ricard 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 Pernod Ricard'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 Pernod Ricard 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?

Run CEOs Directory Now

   

CEOs Directory

Screen CEOs from public companies around the world
All  Next Launch Module

Pernod Ricard Corporate Management

Elected by the shareholders, the Pernod Ricard's board of directors comprises two types of representatives: Pernod Ricard inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pernod. The board's role is to monitor Pernod Ricard's management team and ensure that shareholders' interests are well served. Pernod Ricard'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, Pernod Ricard's outside directors are responsible for providing unbiased perspectives on the board's policies.
Eric BenoistGlobal DirectorProfile
Helene TissotIT FinProfile
AnneMarie PoliquinChief CounselProfile
Cdric RamatExec BoardProfile
Florence TresarrieuGlobal TreasuryProfile
Mathieu LambotteGroup OfficerProfile
Jrme CottinBizonneManaging ChinaProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY