Givaudan Correlations
| GVDBF Stock | USD 4,327 0.00 0.00% |
The current 90-days correlation between Givaudan SA and Air Products and is 0.12 (i.e., Average diversification). The correlation of Givaudan 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.
Givaudan Correlation With Market
Significant diversification
The correlation between Givaudan SA and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Givaudan SA and DJI in the same portfolio, assuming nothing else is changed.
Givaudan |
The ability to find closely correlated positions to Givaudan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Givaudan 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 Givaudan - 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 Givaudan SA to buy it.
Moving together with Givaudan Pink Sheet
| 0.77 | AIQUY | Air Liquide SA | PairCorr |
| 0.8 | AIQUF | LAir Liquide SA | PairCorr |
| 0.65 | SKFOF | Sika AG | PairCorr |
| 0.67 | SXYAY | Sika AG ADR | PairCorr |
| 0.7 | GVDNY | Givaudan SA ADR | PairCorr |
| 0.68 | BCH | Banco De Chile | PairCorr |
| 0.67 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.75 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Givaudan Pink Sheet
| 0.76 | FNMFO | Federal National Mortgage Trending | PairCorr |
| 0.62 | SHW | Sherwin Williams Sell-off Trend | PairCorr |
| 0.6 | AVAL | Grupo Aval | PairCorr |
| 0.57 | ITCL | Banco Ita Chile | PairCorr |
| 0.47 | CIB | Bancolombia SA ADR | PairCorr |
| 0.45 | APD | Air Products | PairCorr |
| 0.34 | KB | KB Financial Group | PairCorr |
| 0.85 | WMT | Walmart Aggressive Push | PairCorr |
| 0.81 | DIS | Walt Disney | PairCorr |
| 0.75 | AXP | American Express Sell-off Trend | PairCorr |
| 0.66 | T | ATT Inc Aggressive Push | PairCorr |
| 0.64 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.6 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.55 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.54 | HD | Home Depot | PairCorr |
| 0.48 | MET | MetLife | PairCorr |
| 0.46 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.37 | JXN-PA | Jackson Financial | PairCorr |
| 0.35 | HPQ | HP Inc | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Givaudan Pink Sheet performing well and Givaudan 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 Givaudan'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHW | 0.93 | 0.04 | 0.00 | 0.16 | 1.13 | 2.19 | 7.52 | |||
| AIQUY | 0.91 | (0.19) | 0.00 | (0.55) | 0.00 | 2.00 | 6.03 | |||
| APD | 0.91 | 0.24 | 0.16 | 1.00 | 0.64 | 1.90 | 10.91 | |||
| ECL | 0.71 | (0.08) | 0.00 | (0.07) | 0.00 | 1.43 | 4.42 | |||
| SKFOF | 2.10 | (0.23) | 0.00 | 7.83 | 0.00 | 4.26 | 11.21 | |||
| DD | 0.96 | (0.09) | 0.00 | (0.03) | 0.00 | 2.68 | 7.46 | |||
| GVDNY | 0.86 | (0.21) | 0.00 | 0.96 | 0.00 | 1.59 | 6.42 | |||
| PPG | 0.83 | (0.11) | 0.00 | (0.05) | 0.00 | 1.37 | 8.06 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Givaudan 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?
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Givaudan Corporate Management
| Gilles Andrier | Chief Officer | Profile | |
| Pierre Bnaich | Head Relations | Profile | |
| Simon HalleSmith | Member of the Executive Committee, Head of Global Human Resources | Profile | |
| Laurent Pieren | Head Audit | Profile | |
| Fabien Jaunault | Head Technology | Profile |