Darden Restaurants, Correlations

D1RI34 Stock

BRL 279.54 1.46 0.52%

The current 90-days correlation between Darden Restaurants, and Iron Mountain Incorporated is -0.14 (i.e., Good diversification). The correlation of Darden Restaurants, 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.

Darden Restaurants, Correlation With Market

Average diversification

The correlation between Darden Restaurants, and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Darden Restaurants, and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Darden Stock

0.84	MEAL3	International Meal	Pair Corr
0.83	BRKM3	Braskem SA	Pair Corr
0.81	BRKM5	Braskem SA	Pair Corr
0.62	CEBR3	Companhia Energtica	Pair Corr
0.59	GSHP3	General Shopping e	Pair Corr
0.41	CEBR5	Companhia Energtica	Pair Corr
0.32	SBUB34	Starbucks	Pair Corr

Related Correlations Analysis

	COWC34	S1MF34	I1RM34	M1UF34	BOAC34	L2PL34	MRFG3	C1FG34
COWC34		0.92	-0.21	0.9	0.85	0.8	0.9	0.79	COWC34
S1MF34	0.92		-0.38	0.95	0.9	0.88	0.92	0.82	S1MF34
I1RM34	-0.21	-0.38		-0.4	-0.33	-0.61	-0.32	-0.2	I1RM34
M1UF34	0.9	0.95	-0.4		0.9	0.88	0.88	0.86	M1UF34
BOAC34	0.85	0.9	-0.33	0.9		0.83	0.85	0.94	BOAC34
L2PL34	0.8	0.88	-0.61	0.88	0.83		0.82	0.73	L2PL34
MRFG3	0.9	0.92	-0.32	0.88	0.85	0.82		0.75	MRFG3
C1FG34	0.79	0.82	-0.2	0.86	0.94	0.73	0.75		C1FG34
	COWC34	S1MF34	I1RM34	M1UF34	BOAC34	L2PL34	MRFG3	C1FG34

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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

M1UF34	+ 0.95	S1MF34
C1FG34	+ 0.94	BOAC34
S1MF34	+ 0.92	COWC34
MRFG3	+ 0.92	S1MF34
M1UF34	+ 0.9	COWC34
MRFG3	+ 0.9	COWC34

High negative correlations

L2PL34	- 0.61	I1RM34
M1UF34	- 0.4	I1RM34
I1RM34	- 0.38	S1MF34
BOAC34	- 0.33	I1RM34
MRFG3	- 0.32	I1RM34
I1RM34	- 0.21	COWC34

Risk-Adjusted Indicators

There is a big difference between Darden Stock performing well and Darden Restaurants, 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 Darden Restaurants,'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
COWC34	1.49	0.23	0.10	3.44	1.92	(1.51)	2.87	(3.42)	9.08
S1MF34	1.25	0.35	0.13	(3.50)	1.21	(2.23)	3.40	(3.01)	13.95
I1RM34	1.30	(0.22)	0.00	0.97	0.00	0.00	2.89	(3.95)	12.24
M1UF34	1.55	0.30	0.12	0.70	1.63	(2.53)	4.54	(2.77)	12.35
BOAC34	1.10	0.30	0.20	(3.28)	0.96	(1.21)	2.44	(1.93)	11.19
L2PL34	1.39	0.63	0.55	1.44	0.47	(1.91)	5.38	(2.08)	11.43
MRFG3	2.08	0.36	0.11	1.04	2.68	(2.14)	4.55	(3.36)	16.58
C1FG34	1.54	0.39	0.17	9.04	1.67	(1.81)	3.60	(3.18)	19.39

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Our tools can tell you how much better you can do entering a position in Darden Restaurants, 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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