PUMA SE Correlations

Pink Sheets . USA . 
Stock . PUMA SE
PUMSY Stock  USD 4.63  0.13  2.89%   
The current 90-days correlation between PUMA SE and Crocs Inc is 0.14 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

PUMA SE Correlation With Market

Significant diversification

The correlation between PUMA SE and DJI is 0.07 (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

  0.69DECK Deckers OutdoorPairCorr
  0.92PMMAF Puma SEPairCorr
  0.62ACHR Archer Aviation TrendingPairCorr
  0.69CRM Salesforce Earnings Call TomorrowPairCorr
  0.77ALAB Astera Labs, CommonPairCorr
  0.8SCHW Charles Schwab Corp Fiscal Year End 15th of January 2025 PairCorr
  0.69CSTXF CryptoStar CorpPairCorr
  0.61NVDA NVIDIAPairCorr
  0.86ZM Zoom Video CommunicationsPairCorr
  0.82NDAQ Nasdaq IncPairCorr
  0.68ITRI Itron IncPairCorr
  0.8JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.65STLD Steel Dynamics Fiscal Year End 28th of January 2025 PairCorr
  0.85GM General Motors Aggressive PushPairCorr
  0.71ADSK AutodeskPairCorr

Moving against PUMA Pink Sheet

  0.88HYMTF Hyundai MotorPairCorr
  0.87CROX Crocs IncPairCorr
  0.85PKX POSCO HoldingsPairCorr
  0.74NKE Nike Inc Aggressive PushPairCorr
  0.71ADDYY Adidas AG ADRPairCorr
  0.64SKX Skechers USAPairCorr
  0.5SMSEY Samsonite InternationalPairCorr
  0.44SWZNF Schweizerische NationalbankPairCorr
  0.38BIRK Birkenstock Holding plcPairCorr
  0.61PHIL PHI GroupPairCorr
  0.58VZ Verizon Communications Aggressive PushPairCorr
  0.56871829BH9 SYSCO P 445PairCorr

Related Correlations Analysis

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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   
DBI
+ 0.84
CROX
DECK
+ 0.75
ONON
DBI
+ 0.75
SKX
SKX
+ 0.71
CROX
DBI
+ 0.61
AREB
SKX
+ 0.6
AREB
  
High negative correlations   
DECK
- 0.69
CROX
SKX
- 0.54
DECK
DECK
- 0.54
AREB
DBI
- 0.5
DECK
SKX
- 0.42
ONON
ONON
- 0.41
AREB

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.

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.

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PUMA SE Corporate Management

Gottfried HoppeHead StrategyProfile
Abhishek GangulyManaging AsiaProfile
Arne FreundtChief CEOProfile
Dietmar KnoessGlobal OrganizationProfile
Stefan SeidelHead SustainabilityProfile
AnneLaure DescoursChief Sourcing Officer, Member of the Management BoardProfile
Raliza KolevaChief Compliance OfficerProfile
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