Emmi AG Correlations

EMLZF Stock

USD 897.63 92.37 9.33%

The current 90-days correlation between Emmi AG and Kikkoman Corp ADR is -0.25 (i.e., Very good diversification). The correlation of Emmi AG 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.

Emmi AG Correlation With Market

Significant diversification

The correlation between Emmi AG and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emmi AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Emmi Pink Sheet

0.67	NSRGF	Nestle SA	Pair Corr
0.58	KO	Coca Cola Aggressive Push	Pair Corr
0.55	T	ATT Inc Aggressive Push	Pair Corr
0.47	GPDNF	Danone SA	Pair Corr
0.47	MKC-V	McCormick Company	Pair Corr
0.41	K	Kellanova Sell-off Trend	Pair Corr
0.39	U4R90AAB4	HLF 4875 01	Pair Corr
0.32	CIADY	China Mengniu Dairy	Pair Corr
0.58	JNJ	Johnson Johnson	Pair Corr
0.44	AAMMF	Almadex Minerals	Pair Corr
0.43	CSCO	Cisco Systems	Pair Corr
0.42	WPM	Wheaton Precious Metals Sell-off Trend	Pair Corr
0.41	VZ	Verizon Communications Aggressive Push	Pair Corr
0.38	MCD	McDonalds	Pair Corr
0.35	KOREF	KORE Mining	Pair Corr

Related Correlations Analysis

	KIKOY	KRYAY	ASBFY	NSRGY	ACOPY	AVOZ	ARRT	AVSFY	GIS
KIKOY		-0.74	0.51	-0.87	-0.85	0.0	0.26	0.09	0.44	KIKOY
KRYAY	-0.74		-0.71	0.69	0.55	0.0	-0.13	-0.26	-0.58	KRYAY
ASBFY	0.51	-0.71		-0.23	-0.24	0.0	0.02	0.2	0.89	ASBFY
NSRGY	-0.87	0.69	-0.23		0.87	0.0	-0.32	-0.02	-0.16	NSRGY
ACOPY	-0.85	0.55	-0.24	0.87		0.0	-0.23	0.0	-0.16	ACOPY
AVOZ	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AVOZ
ARRT	0.26	-0.13	0.02	-0.32	-0.23	0.0		-0.11	0.04	ARRT
AVSFY	0.09	-0.26	0.2	-0.02	0.0	0.0	-0.11		0.2	AVSFY
GIS	0.44	-0.58	0.89	-0.16	-0.16	0.0	0.04	0.2		GIS
	KIKOY	KRYAY	ASBFY	NSRGY	ACOPY	AVOZ	ARRT	AVSFY	GIS

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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

GIS	+ 0.89	ASBFY
ACOPY	+ 0.87	NSRGY
NSRGY	+ 0.69	KRYAY
ACOPY	+ 0.55	KRYAY
ASBFY	+ 0.51	KIKOY
GIS	+ 0.44	KIKOY

High negative correlations

NSRGY	- 0.87	KIKOY
ACOPY	- 0.85	KIKOY
KRYAY	- 0.74	KIKOY
ASBFY	- 0.71	KRYAY
GIS	- 0.58	KRYAY
ARRT	- 0.32	NSRGY

Risk-Adjusted Indicators

There is a big difference between Emmi Pink Sheet performing well and Emmi AG 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 Emmi AG'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
KIKOY	0.86	(0.26)	0.00	25.28	0.00	0.00	0.00	(2.97)	17.10
KRYAY	1.14	0.24	0.19	0.52	1.19	(1.22)	2.75	(2.01)	8.98
ASBFY	1.30	(0.11)	0.00	(0.32)	0.00	0.00	1.87	(3.22)	8.17
NSRGY	0.92	0.24	0.28	1.14	0.73	(1.10)	2.84	(1.84)	8.31
ACOPY	2.63	0.58	0.09	(1.21)	2.92	(8.46)	12.31	(6.95)	43.08
AVOZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARRT	3.00	0.52	0.00	(0.53)	0.00	0.00	0.00	(3.45)	127.58
AVSFY	0.46	(0.21)	0.00	(1.80)	0.00	0.00	0.00	0.00	16.96
GIS	1.13	(0.05)	0.00	(0.50)	0.00	0.00	2.09	(3.05)	6.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in Emmi AG 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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Emmi AG Corporate Management

Othmar Dubach	Head of Cheese and Dairy Products Switzerland, Member of the Executive Board Switzerland and of Extended Group Management	Profile
Kai Knecke	Chief Management	Profile
Jonas Leu	Ex Management	Profile
Robin Barraclough	Chief Marketing Officer, Member of the Management Board	Profile
Ricarda Demarmels	CFO Management	Profile
Urs HSG	Chairman CEO	Profile
Thomas Morf	Chief Management	Profile

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