Kering SA Correlations

PPRUY Stock

USD 23.37 0.37 1.56%

The current 90-days correlation between Kering SA and Swatch Group AG is 0.39 (i.e., Weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kering SA Correlation With Market

Average diversification

The correlation between Kering SA and DJI is 0.15 (i.e., Average 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

0.7	LVMHF	LVMH Mot Hennessy	Pair Corr
0.79	HESAY	Hermes International	Pair Corr
0.78	HESAF	Hermes International SCA	Pair Corr
0.62	CHDRY	Christian Dior SE	Pair Corr
0.81	SWGAY	Swatch Group AG	Pair Corr
0.78	CFRUY	Compagnie Financiere	Pair Corr
0.78	CFRHF	Compagnie Financire	Pair Corr
0.87	PPRUF	Kering SA	Pair Corr
0.73	AEP	American Electric Power Sell-off Trend	Pair Corr
0.63	DIALF	Dialight plc	Pair Corr
0.62	XIACF	Xiaomi Corp	Pair Corr
0.66	CNVVF	ConvaTec Group Plc	Pair Corr
0.63	CBYDF	Corby Spirit	Pair Corr
0.65	66989HAR9	NOVARTIS CAPITAL P	Pair Corr
0.64	SAN	Banco Santander SA	Pair Corr
0.73	DGX	Quest Diagnostics	Pair Corr
0.7	ES	Eversource Energy	Pair Corr
0.67	VIV	Telefonica Brasil	Pair Corr

Moving against Kering Pink Sheet

0.39	KB	KB Financial Group	Pair Corr
0.68	ZAAG	ZA Group	Pair Corr

Related Correlations Analysis

	BURBY	SWGAY	PRDSY	CFRHF	CFRUY	BBRYF	LVMUY	HESAF	LVMHF	PRDSF
BURBY		0.47	0.43	0.81	0.82	0.9	0.0	0.84	0.77	0.35	BURBY
SWGAY	0.47		0.5	0.7	0.7	0.45	0.0	0.65	0.41	0.5	SWGAY
PRDSY	0.43	0.5		0.41	0.41	0.34	0.0	0.38	0.39	0.4	PRDSY
CFRHF	0.81	0.7	0.41		0.99	0.83	0.0	0.96	0.73	0.65	CFRHF
CFRUY	0.82	0.7	0.41	0.99		0.83	0.0	0.97	0.76	0.64	CFRUY
BBRYF	0.9	0.45	0.34	0.83	0.83		0.0	0.85	0.65	0.49	BBRYF
LVMUY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	LVMUY
HESAF	0.84	0.65	0.38	0.96	0.97	0.85	0.0		0.81	0.62	HESAF
LVMHF	0.77	0.41	0.39	0.73	0.76	0.65	0.0	0.81		0.38	LVMHF
PRDSF	0.35	0.5	0.4	0.65	0.64	0.49	0.0	0.62	0.38		PRDSF
	BURBY	SWGAY	PRDSY	CFRHF	CFRUY	BBRYF	LVMUY	HESAF	LVMHF	PRDSF

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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

CFRUY	+ 0.99	CFRHF
HESAF	+ 0.97	CFRUY
HESAF	+ 0.96	CFRHF
BBRYF	+ 0.9	BURBY
HESAF	+ 0.85	BBRYF
HESAF	+ 0.84	BURBY

High negative correlations

PRDSF	- 0.0	LVMUY
LVMHF	- 0.0	LVMUY
HESAF	- 0.0	LVMUY
LVMUY	- 0.0	BBRYF
LVMUY	- 0.0	CFRUY
LVMUY	- 0.0	CFRHF

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
BURBY	2.00	(0.02)	0.00	(0.39)	0.00	0.00	5.39	(3.97)	15.32
SWGAY	1.34	0.03	0.06	0.08	1.67	(1.45)	3.03	(3.00)	6.66
PRDSY	2.56	(0.09)	0.03	0.01	2.96	(3.25)	5.53	(5.51)	15.70
CFRHF	1.83	0.37	0.13	0.36	2.01	(2.10)	3.31	(3.85)	21.85
CFRUY	1.50	0.38	0.21	0.65	1.65	(1.69)	2.31	(2.64)	21.84
BBRYF	1.92	0.18	0.07	(0.80)	2.82	(2.96)	5.49	(5.04)	24.56
LVMUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HESAF	1.35	0.24	0.16	0.89	1.73	(1.35)	3.78	(2.62)	11.55
LVMHF	1.53	0.03	0.05	0.04	2.09	(1.42)	2.95	(2.95)	15.50
PRDSF	2.30	0.07	0.05	(0.21)	2.94	(4.36)	7.38	(6.81)	18.50

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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