Givaudan Correlations
| GVDNY Stock | USD 88.49 0.62 0.71% |
The current 90-days correlation between Givaudan SA ADR 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Givaudan Correlation With Market
Good diversification
The correlation between Givaudan SA ADR and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Givaudan SA ADR 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 ADR to buy it.
Moving together with Givaudan Pink Sheet
| 0.94 | AIQUY | Air Liquide SA | PairCorr |
| 0.91 | AIQUF | LAir Liquide SA | PairCorr |
| 0.94 | SKFOF | Sika AG | PairCorr |
| 0.95 | SXYAY | Sika AG ADR | PairCorr |
| 0.7 | PPG | PPG Industries Fiscal Year End 16th of January 2025 | PairCorr |
| 0.92 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.8 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.69 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.93 | BKRKY | Bank Rakyat | PairCorr |
| 0.74 | PBCRY | Bank Central Asia | PairCorr |
| 0.7 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.8 | SHG | Shinhan Financial | PairCorr |
| 0.61 | SCTSF | Scottie Resources Corp | PairCorr |
Moving against Givaudan Pink Sheet
| 0.68 | APD | Air Products | PairCorr |
| 0.63 | KB | KB Financial Group | PairCorr |
| 0.39 | AUR | Aurora Innovation Sell-off Trend | PairCorr |
| 0.95 | ATOM | Atomera | PairCorr |
| 0.91 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.9 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.89 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.85 | STR | Sitio Royalties Corp | PairCorr |
| 0.85 | GOODN | Gladstone Commercial Corp | PairCorr |
| 0.83 | TTD | Trade Desk | PairCorr |
| 0.83 | MA | Mastercard | PairCorr |
| 0.81 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.77 | KD | Kyndryl Holdings | PairCorr |
| 0.76 | LINK | Interlink Electronics | PairCorr |
| 0.74 | B | Barnes Group | PairCorr |
| 0.7 | FDS | FactSet Research Systems | PairCorr |
| 0.66 | DDD | 3D Systems | PairCorr |
| 0.35 | CIADY | China Mengniu Dairy | PairCorr |
Related Correlations Analysis
| -0.28 | 0.45 | 0.09 | 0.33 | 0.08 | SHW | ||
| -0.28 | -0.56 | 0.62 | 0.36 | 0.79 | AIQUY | ||
| 0.45 | -0.56 | 0.15 | 0.23 | -0.22 | APD | ||
| 0.09 | 0.62 | 0.15 | 0.54 | 0.7 | ECL | ||
| 0.33 | 0.36 | 0.23 | 0.54 | 0.68 | DD | ||
| 0.08 | 0.79 | -0.22 | 0.7 | 0.68 | PPG | ||
| 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
|
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 | 0.96 | 0.06 | 0.01 | 0.22 | 1.13 | 2.43 | 7.77 | |||
| AIQUY | 0.90 | (0.21) | 0.00 | (0.55) | 0.00 | 2.00 | 6.03 | |||
| APD | 0.90 | 0.26 | 0.17 | 1.16 | 0.54 | 1.90 | 10.91 | |||
| ECL | 0.73 | (0.07) | (0.14) | (0.01) | 0.96 | 1.43 | 4.42 | |||
| DD | 0.99 | (0.07) | (0.08) | 0.04 | 1.21 | 2.68 | 7.46 | |||
| PPG | 0.83 | (0.12) | 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?
Run Bonds Directory Now
Bonds DirectoryFind actively traded corporate debentures issued by US companies |
| All Next | Launch Module |
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 |