Tate Lyle Correlations

Stocks . UK . 
Stock . Tate Lyle PLC
TATE Stock   563.00  2.00  0.35%   
The current 90-days correlation between Tate Lyle PLC and Technicolor is -0.2 (i.e., Good diversification). The correlation of Tate Lyle 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.

Tate Lyle Correlation With Market

Good diversification

The correlation between Tate Lyle PLC and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tate Lyle PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tate Lyle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tate Lyle 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 Tate Lyle - 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 Tate Lyle PLC to buy it.

Moving against Tate Stock

  0.76HSBK Halyk BankPairCorr
  0.730E1Y ChargeursPairCorr
  0.710QKN Chocoladefabriken Lindt Earnings Call This WeekPairCorr
  0.66API abrdn Property Income Earnings Call This WeekPairCorr
  0.62SFT Software Circle plcPairCorr
  0.530QP1 Chocoladefabriken Lindt Earnings Call This WeekPairCorr
  0.45SMSN Samsung ElectronicsPairCorr
  0.410Q57 Sparebank 1 SRPairCorr
  0.38SCP Schroder UK MidPairCorr
  0.36BC94 Samsung ElectronicsPairCorr
  0.36CTEC ConvaTec Group PLC Earnings Call This WeekPairCorr
  0.360QT5 Gaztransport et TechnigazPairCorr
  0.34SMSD Samsung ElectronicsPairCorr
  0.830QPU Valiant Holding AGPairCorr
  0.78CCH Coca Cola HBCPairCorr
  0.73HIK Hikma Pharmaceuticals PLCPairCorr
  0.690OA9 Nolato AB serPairCorr
  0.64BARC Barclays PLCPairCorr
  0.62BANK Fiinu PLCPairCorr
  0.62LIV Livermore InvestmentsPairCorr
  0.620OP0 DMG Mori AGPairCorr
  0.590JPO KLA CorpPairCorr
  0.570RHN AcadeMedia ABPairCorr
  0.560UMG Universal Music GroupPairCorr
  0.53TSCO Tesco PLCPairCorr
  0.53ICG Intermediate CapitalPairCorr
  0.340GA3 Telecom Italia SpAPairCorr
  0.31IAG International ConsolidatedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
EDV
+ 0.86
0A1U
0R0U
+ 0.86
0R0A
0UMG
+ 0.76
EDV
0QZ2
+ 0.71
0A1U
0R0A
+ 0.7
EDV
0UMG
+ 0.66
0A1U
  
High negative correlations   
0R0U
- 0.6
0MV8
0R0A
- 0.33
0MV8

Risk-Adjusted Indicators

There is a big difference between Tate Stock performing well and Tate Lyle 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 Tate Lyle'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 Tate Lyle 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 Earnings Calls Now

   

Earnings Calls

Check upcoming earnings announcements updated hourly across public exchanges
All  Next Launch Module

Tate Lyle Corporate Management

Elected by the shareholders, the Tate Lyle's board of directors comprises two types of representatives: Tate Lyle inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tate. The board's role is to monitor Tate Lyle's management team and ensure that shareholders' interests are well served. Tate Lyle's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tate Lyle's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kavita KarnikRegulatory NutritionProfile
Tamsin VineChief OfficerProfile
JanJaap BijHealth, EnvironmentProfile
Andrew TaylorChief OfficerProfile
Rowan AdamsExecutive AffairsProfile
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY