Pernod Ricard Correlations

PRNDY Stock

USD 19.10 0.04 0.21%

The current 90-days correlation between Pernod Ricard SA and Associated British Foods is -0.06 (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

Very good diversification

The correlation between Pernod Ricard SA and DJI is -0.23 (i.e., Very 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 Pink Sheet

0.87	DGEAF	Diageo plc	Pair Corr
0.89	PDRDF	Pernod Ricard SA	Pair Corr
0.89	DEO	Diageo PLC ADR	Pair Corr

Moving against Pernod Pink Sheet

0.63	SVSN	Stereo Vision Entert	Pair Corr
0.54	CRH	CRH PLC ADR Sell-off Trend	Pair Corr
0.43	SCAGW	Scage Future Warrants	Pair Corr
0.35	CPCAY	Cathay Pacific Airways	Pair Corr
0.31	NEWTH	NewtekOne 8625 percent	Pair Corr
0.66	SHOO	Steven Madden	Pair Corr
0.6	OMC	Omnicom Group Earnings Call Tomorrow	Pair Corr
0.58	JUPGF	Jupiter Gold	Pair Corr
0.57	SPLPP	Steel Partners Holdings	Pair Corr
0.53	SMTGF	SMA Solar Technology	Pair Corr
0.53	ISFFF	ISS A/S	Pair Corr
0.5	SCLTF	Searchlight Resources	Pair Corr
0.43	ISSC	Innovative Solutions and Earnings Call This Week	Pair Corr
0.38	GOOG	Alphabet Class C	Pair Corr

Related Correlations Analysis

	ASBFY	BDRFY	BDRFF	ASBFF	ETTYF	HKHHF	HENKY	HKHHY	HELKF	ASBRF
ASBFY		-0.52	-0.52	0.3	-0.55	-0.36	-0.5	-0.25	-0.47	0.18	ASBFY
BDRFY	-0.52		0.86	0.02	0.76	0.69	0.94	0.74	0.81	-0.39	BDRFY
BDRFF	-0.52	0.86		0.05	0.64	0.62	0.8	0.56	0.81	-0.31	BDRFF
ASBFF	0.3	0.02	0.05		0.1	-0.26	0.07	-0.13	0.31	0.23	ASBFF
ETTYF	-0.55	0.76	0.64	0.1		0.54	0.77	0.63	0.73	-0.31	ETTYF
HKHHF	-0.36	0.69	0.62	-0.26	0.54		0.67	0.77	0.42	-0.51	HKHHF
HENKY	-0.5	0.94	0.8	0.07	0.77	0.67		0.8	0.82	-0.29	HENKY
HKHHY	-0.25	0.74	0.56	-0.13	0.63	0.77	0.8		0.48	-0.33	HKHHY
HELKF	-0.47	0.81	0.81	0.31	0.73	0.42	0.82	0.48		-0.07	HELKF
ASBRF	0.18	-0.39	-0.31	0.23	-0.31	-0.51	-0.29	-0.33	-0.07		ASBRF
	ASBFY	BDRFY	BDRFF	ASBFF	ETTYF	HKHHF	HENKY	HKHHY	HELKF	ASBRF

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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

HENKY	+ 0.94	BDRFY
BDRFF	+ 0.86	BDRFY
HELKF	+ 0.82	HENKY
HELKF	+ 0.81	BDRFY
HELKF	+ 0.81	BDRFF
HENKY	+ 0.8	BDRFF

High negative correlations

ETTYF	- 0.55	ASBFY
BDRFF	- 0.52	ASBFY
BDRFY	- 0.52	ASBFY
ASBRF	- 0.51	HKHHF
HENKY	- 0.5	ASBFY
HELKF	- 0.47	ASBFY

Risk-Adjusted Indicators

There is a big difference between Pernod Pink Sheet 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ASBFY	1.11	(0.19)	0.00	(0.52)	0.00	0.00	1.96	(2.49)	16.32
BDRFY	1.12	0.18	0.10	0.43	1.20	(1.36)	2.40	(1.98)	7.76
BDRFF	1.18	0.15	0.03	8.17	1.47	(2.75)	3.92	(2.99)	15.82
ASBFF	0.39	(0.14)	0.00	(0.57)	0.00	0.00	0.00	0.00	10.89
ETTYF	0.34	0.09	0.00	1.85	0.00	0.00	0.00	0.00	6.56
HKHHF	0.75	0.07	0.01	0.52	0.85	(1.47)	2.22	(2.02)	7.11
HENKY	0.86	0.21	0.18	0.52	0.69	(1.00)	2.34	(1.38)	4.28
HKHHY	1.09	0.20	0.12	0.85	0.93	(1.38)	2.54	(1.59)	6.08
HELKF	0.29	0.04	0.00	0.26	0.00	0.00	0.77	0.00	4.44
ASBRF	2.07	(0.01)	0.00	0.07	3.42	(3.51)	6.80	(5.81)	23.70

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.

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Pernod Ricard Corporate Management

Eric Benoist	Global Director	Profile
Helene Tissot	IT Fin	Profile
AnneMarie Poliquin	Chief Counsel	Profile
Cdric Ramat	Exec Board	Profile
Florence Tresarrieu	Global Treasury	Profile
Mathieu Lambotte	Group Officer	Profile
Jrme CottinBizonne	Managing China	Profile

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