Diageo Plc Correlations

GUI Stock

30.25 0.26 0.85%

The current 90-days correlation between Diageo plc and Chalice Mining Limited is 0.05 (i.e., Significant diversification). The correlation of Diageo Plc 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.

Diageo Plc Correlation With Market

Average diversification

The correlation between Diageo plc and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diageo plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Diageo Stock

0.82	PER	Pernod Ricard SA	Pair Corr
0.62	M1I	MGP Ingredients	Pair Corr
0.81	HAW	Hawesko Holding AG	Pair Corr
0.77	GGG	GUDANG GARAM	Pair Corr

Moving against Diageo Stock

0.46

KBIA

KB Financial Group

Pair Corr

Related Correlations Analysis

	C8U	5B9	WE7	ROW	WX7	ROW	FUY	2T9A
C8U		-0.58	0.34	-0.28	-0.14	-0.3	0.17	-0.56	C8U
5B9	-0.58		0.36	0.83	0.79	0.85	-0.33	0.82	5B9
WE7	0.34	0.36		0.46	0.71	0.46	0.06	0.31	WE7
ROW	-0.28	0.83	0.46		0.78	0.97	-0.48	0.84	ROW
WX7	-0.14	0.79	0.71	0.78		0.78	-0.09	0.7	WX7
ROW	-0.3	0.85	0.46	0.97	0.78		-0.45	0.85	ROW
FUY	0.17	-0.33	0.06	-0.48	-0.09	-0.45		-0.44	FUY
2T9A	-0.56	0.82	0.31	0.84	0.7	0.85	-0.44		2T9A
	C8U	5B9	WE7	ROW	WX7	ROW	FUY	2T9A

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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

ROW	+ 0.97	ROW
ROW	+ 0.85	5B9
2T9A	+ 0.85	ROW
2T9A	+ 0.84	ROW
ROW	+ 0.83	5B9
2T9A	+ 0.82	5B9

High negative correlations

5B9	- 0.58	C8U
2T9A	- 0.56	C8U
FUY	- 0.48	ROW
FUY	- 0.45	ROW
2T9A	- 0.44	FUY
FUY	- 0.33	5B9

Risk-Adjusted Indicators

There is a big difference between Diageo Stock performing well and Diageo Plc 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 Diageo Plc'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
C8U	3.63	(0.38)	0.00	0.35	0.00	0.00	7.78	(8.33)	25.40
5B9	1.04	0.20	0.17	0.34	0.77	(1.54)	2.00	(1.83)	6.02
WE7	1.67	0.10	0.03	(0.42)	1.84	(2.15)	3.59	(3.55)	11.69
ROW	1.43	0.20	0.12	0.39	1.39	(1.74)	3.45	(2.29)	9.13
WX7	0.95	0.13	0.09	0.34	0.96	(1.23)	2.08	(1.96)	5.53
ROW	1.50	0.23	0.14	0.44	1.36	(1.68)	4.24	(2.20)	10.17
FUY	1.25	(0.10)	0.00	(0.39)	0.00	0.00	2.61	(2.61)	12.14
2T9A	1.42	0.43	0.19	(1.09)	1.28	(2.05)	3.73	(2.44)	15.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Diageo Plc 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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Diageo Plc Corporate Management

Elected by the shareholders, the Diageo Plc's board of directors comprises two types of representatives: Diageo Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Diageo. The board's role is to monitor Diageo Plc's management team and ensure that shareholders' interests are well served. Diageo Plc'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, Diageo Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.

Louise Prashad	Chief Officer	Profile
Thomas Shropshire	G Sec	Profile
Cristina Diezhandino	Chief Officer	Profile
Debra Crew	Chief Officer	Profile
John OKeeffe	Pres Travel	Profile

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