Remy Cointreau Correlations

REMYY Stock

USD 5.84 0.15 2.64%

The current 90-days correlation between Remy Cointreau SA and Treasury Wine Estates is 0.29 (i.e., Modest diversification). The correlation of Remy Cointreau 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.

Remy Cointreau Correlation With Market

Average diversification

The correlation between Remy Cointreau SA and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Remy Cointreau SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Remy Pink Sheet

0.61	DGEAF	Diageo plc	Pair Corr
0.72	DEO	Diageo PLC ADR Earnings Call This Week	Pair Corr
0.62	PRNDY	Pernod Ricard SA	Pair Corr
0.61	PDRDF	Pernod Ricard SA	Pair Corr
0.77	BF-B	Brown Forman	Pair Corr

Moving against Remy Pink Sheet

0.46	HQY	HealthEquity	Pair Corr
0.43	EAT	Brinker International	Pair Corr
0.4	DAL	Delta Air Lines	Pair Corr
0.37	WKEY	Wisekey International	Pair Corr
0.35	EOSE	Eos Energy Enterprises	Pair Corr
0.32	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.39	ISRG	Intuitive Surgical	Pair Corr
0.36	GE	GE Aerospace	Pair Corr
0.34	BPIRY	Piraeus Bank SA	Pair Corr
0.31	V	Visa Class A	Pair Corr

Related Correlations Analysis

	DEO	PDRDF	TSRYY	MGPI	VWE	BF-B	WVVI	NAPA	BF-A	STZ
DEO		0.67	0.45	0.33	0.2	0.55	-0.25	-0.38	0.56	0.32	DEO
PDRDF	0.67		0.53	0.66	0.66	0.61	-0.1	-0.72	0.62	0.3	PDRDF
TSRYY	0.45	0.53		0.84	0.53	0.93	-0.74	-0.52	0.93	0.88	TSRYY
MGPI	0.33	0.66	0.84		0.76	0.86	-0.59	-0.59	0.85	0.78	MGPI
VWE	0.2	0.66	0.53	0.76		0.51	-0.28	-0.84	0.5	0.4	VWE
BF-B	0.55	0.61	0.93	0.86	0.51		-0.73	-0.52	1.0	0.86	BF-B
WVVI	-0.25	-0.1	-0.74	-0.59	-0.28	-0.73		0.19	-0.71	-0.87	WVVI
NAPA	-0.38	-0.72	-0.52	-0.59	-0.84	-0.52	0.19		-0.52	-0.27	NAPA
BF-A	0.56	0.62	0.93	0.85	0.5	1.0	-0.71	-0.52		0.85	BF-A
STZ	0.32	0.3	0.88	0.78	0.4	0.86	-0.87	-0.27	0.85		STZ
	DEO	PDRDF	TSRYY	MGPI	VWE	BF-B	WVVI	NAPA	BF-A	STZ

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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

BF-A	+ 1.0	BF-B
BF-B	+ 0.93	TSRYY
BF-A	+ 0.93	TSRYY
STZ	+ 0.88	TSRYY
BF-B	+ 0.86	MGPI
STZ	+ 0.86	BF-B

High negative correlations

STZ	- 0.87	WVVI
NAPA	- 0.84	VWE
WVVI	- 0.74	TSRYY
WVVI	- 0.73	BF-B
NAPA	- 0.72	PDRDF
BF-A	- 0.71	WVVI

Risk-Adjusted Indicators

There is a big difference between Remy Pink Sheet performing well and Remy Cointreau 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 Remy Cointreau'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
DEO	1.26	(0.17)	0.00	(0.48)	0.00	0.00	2.00	(2.81)	10.41
PDRDF	2.49	(0.10)	0.00	0.46	0.00	0.00	6.03	(5.59)	15.51
TSRYY	1.18	(0.28)	0.00	(0.41)	0.00	0.00	2.58	(2.49)	7.84
MGPI	2.11	(0.71)	0.00	(1.37)	0.00	0.00	3.53	(5.25)	16.99
VWE	17.72	(2.32)	0.00	0.89	0.00	0.00	38.89	(40.74)	114.65
BF-B	1.57	(0.60)	0.00	(1.46)	0.00	0.00	1.82	(3.42)	16.61
WVVI	2.29	0.89	0.33	(10.86)	1.57	(3.22)	7.92	(2.11)	28.43
NAPA	3.16	1.39	1.33	1.33	0.00	(3.54)	0.53	(1.45)	103.32
BF-A	1.58	(0.57)	0.00	(1.16)	0.00	0.00	2.18	(3.39)	16.72
STZ	1.29	(0.44)	0.00	(0.52)	0.00	0.00	2.22	(2.81)	20.08

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Our tools can tell you how much better you can do entering a position in Remy Cointreau 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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Remy Cointreau Corporate Management

Patrick Marchand	Sr. VP of Operations	Profile
Nicolas Beckers	Chief Region	Profile
Carina Martin	Group Director	Profile
JeanPhilippe Hecquet	Chief Cognac	Profile

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