Puma SE Correlations

PMMAF Stock

USD 45.78 3.89 7.83%

The current 90-days correlation between Puma SE and Samsonite International SA is -0.17 (i.e., Good diversification). The correlation of Puma SE 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.

Puma SE Correlation With Market

Significant diversification

The correlation between Puma SE and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Puma SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Puma Pink Sheet

0.67	DECK	Deckers Outdoor	Pair Corr
0.9	PUMSY	PUMA SE	Pair Corr
0.65	ACHR	Archer Aviation Trending	Pair Corr
0.63	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.71	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	CSTXF	CryptoStar Corp	Pair Corr
0.72	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.7	NDAQ	Nasdaq Inc Normal Trading	Pair Corr
0.74	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.75	GM	General Motors	Pair Corr

Moving against Puma Pink Sheet

0.8	PKX	POSCO Holdings	Pair Corr
0.79	HYMTF	Hyundai Motor	Pair Corr
0.74	CROX	Crocs Inc	Pair Corr
0.71	ADDYY	Adidas AG ADR	Pair Corr
0.61	NKE	Nike Inc	Pair Corr
0.5	SKX	Skechers USA	Pair Corr
0.49	SMSEY	Samsonite International	Pair Corr
0.44	PHIL	PHI Group	Pair Corr
0.62	871829BH9	SYSCO P 445	Pair Corr
0.6	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	ASCCY	SMSEY	ADDYY	WWW	ADDDF	NKE	SKX	DECK	SHOO	CROX
ASCCY		0.37	0.62	-0.26	0.56	0.71	0.54	-0.46	0.54	0.65	ASCCY
SMSEY	0.37		0.7	-0.04	0.69	0.55	0.4	-0.11	0.54	0.5	SMSEY
ADDYY	0.62	0.7		-0.35	0.94	0.69	0.59	-0.48	0.67	0.7	ADDYY
WWW	-0.26	-0.04	-0.35		-0.27	-0.46	-0.58	0.82	-0.07	-0.67	WWW
ADDDF	0.56	0.69	0.94	-0.27		0.68	0.53	-0.44	0.66	0.67	ADDDF
NKE	0.71	0.55	0.69	-0.46	0.68		0.62	-0.55	0.69	0.85	NKE
SKX	0.54	0.4	0.59	-0.58	0.53	0.62		-0.54	0.22	0.7	SKX
DECK	-0.46	-0.11	-0.48	0.82	-0.44	-0.55	-0.54		-0.23	-0.69	DECK
SHOO	0.54	0.54	0.67	-0.07	0.66	0.69	0.22	-0.23		0.58	SHOO
CROX	0.65	0.5	0.7	-0.67	0.67	0.85	0.7	-0.69	0.58		CROX
	ASCCY	SMSEY	ADDYY	WWW	ADDDF	NKE	SKX	DECK	SHOO	CROX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ADDDF	+ 0.94	ADDYY
CROX	+ 0.85	NKE
DECK	+ 0.82	WWW
NKE	+ 0.71	ASCCY
ADDYY	+ 0.7	SMSEY
CROX	+ 0.7	ADDYY

High negative correlations

CROX	- 0.69	DECK
CROX	- 0.67	WWW
SKX	- 0.58	WWW
DECK	- 0.55	NKE
DECK	- 0.54	SKX
DECK	- 0.48	ADDYY

Risk-Adjusted Indicators

There is a big difference between Puma Pink Sheet performing well and Puma SE 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 Puma SE'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
ASCCY	1.71	0.05	(0.03)	(0.24)	2.16	(1.87)	4.37	(3.87)	11.89
SMSEY	2.15	(0.09)	0.00	(2.65)	0.00	0.00	4.68	(3.68)	14.31
ADDYY	1.40	(0.06)	0.00	0.80	0.00	0.00	2.51	(2.70)	12.13
WWW	2.46	0.90	0.48	0.90	1.25	(3.19)	6.82	(3.08)	38.54
ADDDF	1.93	(0.02)	0.00	0.19	0.00	0.00	4.87	(4.01)	14.78
NKE	1.12	(0.18)	0.00	(0.62)	0.00	0.00	2.08	(2.49)	13.61
SKX	1.54	(0.19)	0.00	(0.31)	0.00	0.00	3.71	(3.41)	13.33
DECK	1.66	0.12	0.05	0.22	2.05	(1.73)	3.96	(3.72)	15.66
SHOO	1.27	(0.12)	0.00	(0.07)	0.00	0.00	2.93	(2.60)	8.41
CROX	1.94	(0.53)	0.00	(0.55)	0.00	0.00	3.21	(4.25)	24.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Puma SE 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 My Watchlist Analysis Now

My Watchlist Analysis

Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like

All Next

Launch Module

Puma SE Corporate Management

Gottfried Hoppe	Head Strategy	Profile
Abhishek Ganguly	Managing Asia	Profile
Arne Freundt	Chief CEO	Profile
Dietmar Knoess	Global Organization	Profile
Stefan Seidel	Head Sustainability	Profile
Raliza Koleva	Chief Compliance Officer	Profile

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