Pernod Ricard Correlations
| PRNDY Stock | USD 20.52 0.47 2.24% |
The current 90-days correlation between Pernod Ricard SA and Diageo PLC ADR is 0.69 (i.e., Poor diversification). The correlation of Pernod Ricard 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.
Pernod Ricard Correlation With Market
Average diversification
The correlation between Pernod Ricard SA and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pernod Ricard SA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Pernod Ricard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pernod Ricard 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 Pernod Ricard - 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 Pernod Ricard SA to buy it.
Moving together with Pernod Pink Sheet
| 0.79 | DGEAF | Diageo plc | PairCorr |
| 0.86 | DEO | Diageo PLC ADR | PairCorr |
| 0.92 | PDRDF | Pernod Ricard SA | PairCorr |
| 0.65 | STZ | Constellation Brands | PairCorr |
| 0.66 | BF-B | Brown Forman | PairCorr |
| 0.68 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.63 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.72 | MRK | Merck Company | PairCorr |
Moving against Pernod Pink Sheet
| 0.67 | TBVPY | Thai Beverage PCL | PairCorr |
| 0.52 | GTN | Gray Television | PairCorr |
| 0.49 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.48 | CWCO | Consolidated Water Earnings Call This Week | PairCorr |
| 0.43 | GLU | Gabelli Global Utility | PairCorr |
| 0.42 | SSNLF | Samsung Electronics | PairCorr |
| 0.62 | INTC | Intel | PairCorr |
| 0.6 | CSCO | Cisco Systems | PairCorr |
| 0.58 | WM | Waste Management | PairCorr |
| 0.58 | GE | GE Aerospace | PairCorr |
| 0.54 | KO | Coca Cola | PairCorr |
| 0.53 | CVX | Chevron Corp | PairCorr |
| 0.51 | XOM | Exxon Mobil Corp | PairCorr |
| 0.51 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.46 | JNJ | Johnson Johnson | PairCorr |
| 0.44 | MMM | 3M Company | PairCorr |
| 0.39 | MCD | McDonalds | PairCorr |
| 0.35 | JPM | JPMorgan Chase | PairCorr |
| 0.31 | VZ | Verizon Communications | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Pernod Pink Sheet performing well and Pernod Ricard 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 Pernod Ricard'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MJWNY | 1.20 | (0.03) | 0.00 | 0.11 | 0.00 | 0.00 | 52.32 | |||
| NWINF | 5.29 | 0.28 | 0.03 | 1.12 | 6.09 | 14.55 | 34.88 | |||
| CWGL | 0.91 | (0.14) | 0.00 | 2.18 | 0.00 | 1.79 | 5.79 | |||
| BF-A | 1.56 | (0.34) | 0.00 | (0.67) | 0.00 | 2.35 | 15.04 | |||
| DVDCF | 1.74 | 0.05 | 0.04 | (1.20) | 1.92 | 4.82 | 13.15 | |||
| BF-B | 1.72 | (0.33) | 0.00 | (0.63) | 0.00 | 2.82 | 15.18 | |||
| TSRYF | 0.91 | (0.23) | 0.00 | (0.87) | 0.00 | 1.49 | 18.69 | |||
| WVVI | 2.58 | 1.00 | 0.38 | (65.99) | 2.05 | 7.92 | 28.43 | |||
| MGPI | 1.77 | (0.58) | 0.00 | (0.99) | 0.00 | 3.24 | 12.11 | |||
| NAPA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pernod Ricard 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?
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Pernod Ricard Corporate Management
| Eric Benoist | Global Director | Profile | |
| Helene Tissot | IT Fin | Profile | |
| AnneMarie Poliquin | Chief Counsel | Profile | |
| Cdric Ramat | Exec Board | Profile | |
| Florence Tresarrieu | Global Treasury | Profile | |
| Mathieu Lambotte | Group Officer | Profile | |
| Jrme CottinBizonne | Managing China | Profile |