Jerónimo Martins Correlations

Stocks . Germany . 
Stock . Jernimo Martins SGPS
JEM Stock  EUR 19.31  0.06  0.31%   
The current 90-days correlation between Jernimo Martins SGPS and STEEL DYNAMICS is -0.06 (i.e., Good diversification). The correlation of Jerónimo Martins 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.

Jerónimo Martins Correlation With Market

Good diversification

The correlation between Jernimo Martins SGPS and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jernimo Martins SGPS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Jerónimo Martins could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jerónimo Martins 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 Jerónimo Martins - 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 Jernimo Martins SGPS to buy it.

Moving together with Jerónimo Stock

  0.97JEM0 JERONIMO MARTINS UNADR2PairCorr
  0.73B4B3 Metro AGPairCorr
  0.76B4B3 Metro AGPairCorr
  0.843RE Rejlerkoncernen ABPairCorr
  0.89GIS General MillsPairCorr
  0.77ROI Rosenbauer InternationalPairCorr
  0.73GOC Star DiamondPairCorr
  0.69DUBA DRDGoldPairCorr
  0.71PEH PEH WERTPAPIERPairCorr
  0.86SOBA ATT IncPairCorr
  0.92VOL3 VOLVO -A-PairCorr
  0.855TP BLUE LABELPairCorr
  0.72KGHA KGHM Polska Miedz Earnings Call TomorrowPairCorr
  0.87TLLB Trelleborg ABPairCorr
  0.78BY6A BYD LimitedPairCorr
  0.8JYS1 JYSKE BANKPairCorr

Moving against Jerónimo Stock

  0.76BF PF BakkafrostPairCorr
  0.53SYY SyscoPairCorr
  0.49P5F Performance FoodPairCorr
  0.4APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.38APC Apple IncPairCorr
  0.38APC Apple IncPairCorr
  0.37APC Apple IncPairCorr
  0.74MSF MicrosoftPairCorr
  0.73MSF MicrosoftPairCorr
  0.73MSF MicrosoftPairCorr
  0.72MSF MicrosoftPairCorr
  0.35TTO TTL Beteiligungs undPairCorr
  0.33T9V TASTY PLC LSPairCorr

Related Correlations Analysis

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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   
SD5
+ 0.79
4VGA
SD5
+ 0.6
14D
14D
+ 0.37
4VGA
FWQ
+ 0.36
96W
SD5
+ 0.31
FWQ
4VGA
+ 0.24
FWQ
  
High negative correlations   
JAN
- 0.47
96W
4VGA
- 0.38
JAN
JAN
- 0.3
FWQ
14D
- 0.23
S08
SD5
- 0.22
S08
SD5
- 0.16
JAN

Risk-Adjusted Indicators

There is a big difference between Jerónimo Stock performing well and Jerónimo Martins 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 Jerónimo Martins' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jerónimo Martins 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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Jerónimo Martins Corporate Management

Elected by the shareholders, the Jerónimo Martins' board of directors comprises two types of representatives: Jerónimo Martins inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jerónimo. The board's role is to monitor Jerónimo Martins' management team and ensure that shareholders' interests are well served. Jerónimo Martins' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jerónimo Martins' outside directors are responsible for providing unbiased perspectives on the board's policies.
Pedro SantosChairman CEOProfile
Sara MirandaChief OfficerProfile
Rita MarquesHead AffairsProfile
Carlos FerreiraDirector OfficerProfile
Marta MaiaHead HRProfile
Madalena MenaHead PrivacyProfile
Ana VirgniaChief OfficerProfile
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