Kering SA Correlations

PPRUF Stock

USD 255.91 14.63 5.41%

The current 90-days correlation between Kering SA and Kering SA is -0.1 (i.e., Good diversification). The correlation of Kering SA 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.

Kering SA Correlation With Market

Average diversification

The correlation between Kering SA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kering SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kering Pink Sheet

0.7	LVMHF	LVMH Mot Hennessy	Pair Corr
0.62	HESAY	Hermes International	Pair Corr
0.62	HESAF	Hermes International SCA	Pair Corr
0.71	CHDRY	Christian Dior SE	Pair Corr
0.67	CHDRF	Christian Dior SE	Pair Corr
0.62	CFRUY	Compagnie Financiere	Pair Corr
0.61	CFRHF	Compagnie Financière	Pair Corr
0.81	PPRUY	Kering SA Earnings Call This Week	Pair Corr

Moving against Kering Pink Sheet

0.31	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.45	906548CR1	US906548CR12	Pair Corr
0.43	RELIW	Reliance Global Group	Pair Corr
0.41	MSTR	MicroStrategy Incorporated Earnings Call This Week	Pair Corr
0.35	MNMD	Mind Medicine	Pair Corr
0.37	AIT	Applied Industrial	Pair Corr

Related Correlations Analysis

	PRDSF	PPRUY	CHDRF	CFRUY	BURBY	HESAY	PRDSY	SWGAY	CHDRY	CJEWY
PRDSF		0.34	0.62	0.59	0.59	0.67	0.78	-0.32	0.62	-0.49	PRDSF
PPRUY	0.34		0.63	0.71	0.49	0.7	0.53	0.44	0.82	0.08	PPRUY
CHDRF	0.62	0.63		0.9	0.63	0.9	0.57	-0.08	0.81	-0.31	CHDRF
CFRUY	0.59	0.71	0.9		0.78	0.98	0.62	-0.14	0.88	-0.38	CFRUY
BURBY	0.59	0.49	0.63	0.78		0.81	0.69	-0.46	0.68	-0.55	BURBY
HESAY	0.67	0.7	0.9	0.98	0.81		0.71	-0.2	0.9	-0.44	HESAY
PRDSY	0.78	0.53	0.57	0.62	0.69	0.71		-0.28	0.67	-0.44	PRDSY
SWGAY	-0.32	0.44	-0.08	-0.14	-0.46	-0.2	-0.28		0.04	0.65	SWGAY
CHDRY	0.62	0.82	0.81	0.88	0.68	0.9	0.67	0.04		-0.27	CHDRY
CJEWY	-0.49	0.08	-0.31	-0.38	-0.55	-0.44	-0.44	0.65	-0.27		CJEWY
	PRDSF	PPRUY	CHDRF	CFRUY	BURBY	HESAY	PRDSY	SWGAY	CHDRY	CJEWY

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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

HESAY	+ 0.98	CFRUY
CFRUY	+ 0.9	CHDRF
HESAY	+ 0.9	CHDRF
CHDRY	+ 0.9	HESAY
CHDRY	+ 0.88	CFRUY
CHDRY	+ 0.82	PPRUY

High negative correlations

CJEWY	- 0.55	BURBY
CJEWY	- 0.49	PRDSF
SWGAY	- 0.46	BURBY
CJEWY	- 0.44	PRDSY
CJEWY	- 0.44	HESAY
CJEWY	- 0.38	CFRUY

Risk-Adjusted Indicators

There is a big difference between Kering Pink Sheet performing well and Kering SA 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 Kering SA'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
PRDSF	1.81	0.14	0.01	(0.56)	2.31	(4.74)	6.20	(5.22)	21.85
PPRUY	1.95	0.10	0.00	(2.99)	2.62	(2.06)	5.34	(3.79)	13.97
CHDRF	1.53	0.16	0.02	0.49	2.30	(2.73)	4.66	(3.65)	14.96
CFRUY	1.40	0.47	0.19	(1.06)	1.30	(1.67)	2.94	(2.15)	18.09
BURBY	2.56	0.74	0.21	(1.75)	2.37	(2.97)	5.78	(4.89)	22.82
HESAY	1.20	0.33	0.15	7.76	1.30	(1.33)	4.26	(2.21)	9.40
PRDSY	1.85	0.25	0.07	(1.67)	1.96	(2.22)	3.84	(3.42)	10.33
SWGAY	1.35	(0.16)	0.00	0.68	0.00	0.00	2.86	(3.37)	9.69
CHDRY	2.23	0.13	0.02	0.79	2.57	(2.70)	5.86	(5.22)	13.23
CJEWY	1.14	(0.02)	0.00	0.15	0.00	0.00	3.81	(4.35)	10.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kering SA 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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Kering SA Corporate Management

FranoisHenri Pinault	Chairman CEO	Profile
Eric Sandrin	Legal Director	Profile
Valrie Duport	Chief Officer	Profile
Concetta Battaglia	Head Director	Profile
Batrice Lazat	Chief Officer	Profile

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