Remy Cointreau Correlations

RCO Stock  EUR 58.35  0.75  1.27%   
The current 90-days correlation between Remy Cointreau and SEB SA is 0.63 (i.e., Poor diversification). The correlation of Remy Cointreau 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.

Remy Cointreau Correlation With Market

Average diversification

The correlation between Remy Cointreau 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 Remy Cointreau and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Remy Cointreau could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Remy Cointreau 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 Remy Cointreau - 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 Remy Cointreau to buy it.

Moving together with Remy Stock

  0.81RI Pernod Ricard SAPairCorr
  0.65VIV Vivendi SAPairCorr

Moving against Remy Stock

  0.75SGO Compagnie de SaintPairCorr
  0.69ADOC AdociaPairCorr
  0.54SU Schneider ElectricPairCorr
  0.44BN Danone SAPairCorr

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   
  
High negative correlations   

Risk-Adjusted Indicators

There is a big difference between Remy Stock performing well and Remy Cointreau 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 Remy Cointreau'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Remy Cointreau 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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Remy Cointreau Corporate Management

Elected by the shareholders, the Remy Cointreau's board of directors comprises two types of representatives: Remy Cointreau inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Remy. The board's role is to monitor Remy Cointreau's management team and ensure that shareholders' interests are well served. Remy Cointreau's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Remy Cointreau's outside directors are responsible for providing unbiased perspectives on the board's policies.