JERONIMO MARTINS Correlations

JEM0 Stock

EUR 37.60 0.60 1.57%

The correlation of JERONIMO 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.

The ability to find closely correlated positions to JERONIMO 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 JERONIMO 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 JERONIMO 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 JERONIMO MARTINS UNADR2 to buy it.

Moving together with JERONIMO Stock

0.9	JEM	Jernimo Martins SGPS	Pair Corr
0.72	B4B3	Metro AG	Pair Corr
0.74	B4B3	Metro AG	Pair Corr
0.81	3RE	Rejlerkoncernen AB	Pair Corr
0.87	GIS	General Mills	Pair Corr
0.76	ROI	Rosenbauer International	Pair Corr
0.64	GOC	Star Diamond	Pair Corr
0.69	DUBA	DRDGold	Pair Corr
0.69	PEH	PEH WERTPAPIER	Pair Corr
0.81	SOBA	ATT Inc	Pair Corr
0.91	VOL3	VOLVO -A-	Pair Corr
0.85	5TP	BLUE LABEL	Pair Corr
0.71	KGHA	KGHM Polska Miedz	Pair Corr
0.87	TLLB	Trelleborg AB	Pair Corr
0.75	BY6A	BYD Limited	Pair Corr
0.78	JYS1	JYSKE BANK	Pair Corr

Moving against JERONIMO Stock

0.69	6BF	PF Bakkafrost	Pair Corr
0.52	SYY	Sysco	Pair Corr
0.49	P5F	Performance Food	Pair Corr
0.43	APC	Apple Inc	Pair Corr
0.42	APC	Apple Inc	Pair Corr
0.41	APC	Apple Inc	Pair Corr
0.41	APC	Apple Inc	Pair Corr
0.41	APC	Apple Inc	Pair Corr
0.4	APC	Apple Inc	Pair Corr
0.35	BUZ1	Bunzl plc	Pair Corr
0.73	MSF	Microsoft	Pair Corr
0.73	MSF	Microsoft	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.36	T9V	TASTY PLC LS	Pair Corr

Related Correlations Analysis

	63TA	NY70	7SN	TSI	BBEA	PSM	NXZ
63TA		0.53	0.01	-0.1	-0.59	0.68	0.2	63TA
NY70	0.53		0.37	0.22	-0.48	0.82	0.61	NY70
7SN	0.01	0.37		0.44	0.37	0.14	0.32	7SN
TSI	-0.1	0.22	0.44		0.42	-0.09	0.35	TSI
BBEA	-0.59	-0.48	0.37	0.42		-0.75	-0.17	BBEA
PSM	0.68	0.82	0.14	-0.09	-0.75		0.53	PSM
NXZ	0.2	0.61	0.32	0.35	-0.17	0.53		NXZ
	63TA	NY70	7SN	TSI	BBEA	PSM	NXZ

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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

PSM	+ 0.82	NY70
PSM	+ 0.68	63TA
NXZ	+ 0.61	NY70
NY70	+ 0.53	63TA
NXZ	+ 0.53	PSM
TSI	+ 0.44	7SN

High negative correlations

PSM	- 0.75	BBEA
BBEA	- 0.59	63TA
BBEA	- 0.48	NY70
NXZ	- 0.17	BBEA
TSI	- 0.1	63TA
PSM	- 0.09	TSI

Risk-Adjusted Indicators

There is a big difference between JERONIMO Stock performing well and JERONIMO 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 JERONIMO MARTINS'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
63TA	2.45	0.34	0.10	0.42	2.59	(3.45)	5.41	(4.10)	24.19
NY70	1.44	0.25	0.06	(0.80)	1.72	(4.23)	6.87	(3.55)	16.54
7SN	1.11	(0.03)	0.00	0.17	0.00	0.00	2.48	(2.42)	8.07
TSI	1.41	0.01	0.00	0.05	1.64	(1.52)	3.13	(2.70)	8.27
BBEA	1.58	(0.43)	0.00	1.15	0.00	0.00	3.17	(2.94)	7.94
PSM	1.76	0.33	0.15	(1.55)	1.57	(2.32)	5.77	(3.53)	15.01
NXZ	1.45	0.10	0.06	(0.63)	1.57	(1.56)	3.49	(2.97)	15.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in JERONIMO 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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