Kering SA Correlations

PPRUF Stock

USD 289.62 12.22 4.41%

The current 90-days correlation between Kering SA and Kering SA is 0.29 (i.e., Modest diversification). The correlation of Kering SA 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.

Kering SA Correlation With Market

Good diversification

The correlation between Kering SA and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kering SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kering Pink Sheet

0.8	LVMHF	LVMH Mot Hennessy	Pair Corr
0.81	HESAY	Hermes International	Pair Corr
0.8	HESAF	Hermes International SCA	Pair Corr
0.79	CHDRY	Christian Dior SE	Pair Corr
0.69	CHDRF	Christian Dior SE	Pair Corr
0.79	CFRUY	Compagnie Financiere Sell-off Trend	Pair Corr
0.79	CFRHF	Compagnie Financire	Pair Corr
0.86	PPRUY	Kering SA	Pair Corr
0.79	NDEKY	Nitto Denko Corp	Pair Corr
0.67	WMT	Walmart Earnings Call This Week	Pair Corr
0.77	OKTA	Okta Inc	Pair Corr
0.61	GS	Goldman Sachs Group	Pair Corr
0.78	META	Meta Platforms Aggressive Push	Pair Corr
0.61	DSVSF	Discovery Metals Corp	Pair Corr
0.67	PLTR	Palantir Technologies Aggressive Push	Pair Corr

Moving against Kering Pink Sheet

0.36

YAMHF

Yamaha Motor Potential Growth

Pair Corr

Related Correlations Analysis

	PRDSF	PPRUY	CHDRF	CFRUY	BURBY	HESAY	PRDSY	SWGAY	CHDRY	CJEWY
PRDSF		0.45	0.52	0.63	0.62	0.65	0.55	-0.05	0.48	-0.4	PRDSF
PPRUY	0.45		0.63	0.83	0.8	0.84	0.74	0.58	0.82	0.21	PPRUY
CHDRF	0.52	0.63		0.84	0.71	0.83	0.52	0.09	0.79	0.12	CHDRF
CFRUY	0.63	0.83	0.84		0.93	0.99	0.66	0.29	0.84	0.15	CFRUY
BURBY	0.62	0.8	0.71	0.93		0.93	0.65	0.37	0.74	0.12	BURBY
HESAY	0.65	0.84	0.83	0.99	0.93		0.72	0.27	0.86	0.11	HESAY
PRDSY	0.55	0.74	0.52	0.66	0.65	0.72		0.2	0.71	-0.07	PRDSY
SWGAY	-0.05	0.58	0.09	0.29	0.37	0.27	0.2		0.26	0.51	SWGAY
CHDRY	0.48	0.82	0.79	0.84	0.74	0.86	0.71	0.26		0.05	CHDRY
CJEWY	-0.4	0.21	0.12	0.15	0.12	0.11	-0.07	0.51	0.05		CJEWY
	PRDSF	PPRUY	CHDRF	CFRUY	BURBY	HESAY	PRDSY	SWGAY	CHDRY	CJEWY

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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

HESAY	+ 0.99	CFRUY
BURBY	+ 0.93	CFRUY
HESAY	+ 0.93	BURBY
CHDRY	+ 0.86	HESAY
HESAY	+ 0.84	PPRUY
CFRUY	+ 0.84	CHDRF

High negative correlations

CJEWY	- 0.4	PRDSF
CJEWY	- 0.07	PRDSY
SWGAY	- 0.05	PRDSF

Risk-Adjusted Indicators

There is a big difference between Kering Pink Sheet performing well and Kering SA 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 Kering SA'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
PRDSF	2.86	0.50	0.11	0.75	2.72	(5.00)	8.53	(6.66)	24.37
PPRUY	2.08	0.35	0.13	1.54	2.25	(2.23)	5.78	(4.22)	12.10
CHDRF	1.25	0.03	0.01	0.06	2.02	(2.47)	4.66	(5.16)	13.23
CFRUY	1.34	0.62	0.46	(5.72)	0.82	(1.70)	2.94	(2.15)	17.87
BURBY	2.13	0.60	0.28	(9.15)	1.64	(2.60)	4.60	(3.22)	22.82
HESAY	1.11	0.45	0.32	1.90	0.85	(1.25)	4.06	(2.15)	7.29
PRDSY	2.17	0.32	0.12	(0.50)	2.34	(2.64)	4.07	(3.75)	12.12
SWGAY	1.28	0.04	0.02	(0.69)	1.59	(1.46)	3.01	(3.00)	7.60
CHDRY	2.34	0.26	0.08	1.21	2.70	(2.84)	5.86	(5.38)	13.79
CJEWY	0.90	(0.05)	0.00	(0.16)	0.00	0.00	3.00	(4.20)	10.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kering SA 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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Kering SA Corporate Management

FranoisHenri Pinault	Chairman CEO	Profile
Eric Sandrin	Legal Director	Profile
Valrie Duport	Chief Officer	Profile
Concetta Battaglia	Head Director	Profile
Batrice Lazat	Chief Officer	Profile

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