COMPASS GROUP Correlations

XGR Stock

EUR 29.00 2.00 6.45%

The current 90-days correlation between COMPASS GROUP and JAPAN TOBACCO UNSPADR12 is 0.17 (i.e., Average diversification). The correlation of COMPASS GROUP 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.

COMPASS GROUP Correlation With Market

Good diversification

The correlation between COMPASS GROUP and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COMPASS GROUP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with COMPASS Stock

0.86	SRB	Starbucks	Pair Corr
0.86	SRB	Starbucks	Pair Corr
0.9	XGR2	Compass Group PLC	Pair Corr
0.65	DDN	Darden Restaurants	Pair Corr

Moving against COMPASS Stock

0.4	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	TCID	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr

Related Correlations Analysis

	6L50	MR3	5HS	T7W	KY1	8P7	CTE	JATA
6L50		-0.2	-0.41	-0.13	0.32	0.0	0.0	0.6	6L50
MR3	-0.2		0.02	0.71	-0.53	-0.2	0.0	-0.27	MR3
5HS	-0.41	0.02		-0.1	0.32	0.79	0.0	-0.64	5HS
T7W	-0.13	0.71	-0.1		-0.68	-0.27	0.0	-0.17	T7W
KY1	0.32	-0.53	0.32	-0.68		0.66	0.0	0.06	KY1
8P7	0.0	-0.2	0.79	-0.27	0.66		0.0	-0.45	8P7
CTE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CTE
JATA	0.6	-0.27	-0.64	-0.17	0.06	-0.45	0.0		JATA
	6L50	MR3	5HS	T7W	KY1	8P7	CTE	JATA

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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

8P7	+ 0.79	5HS
T7W	+ 0.71	MR3
8P7	+ 0.66	KY1
JATA	+ 0.6	6L50
KY1	+ 0.32	6L50
KY1	+ 0.32	5HS

High negative correlations

KY1	- 0.68	T7W
JATA	- 0.64	5HS
KY1	- 0.53	MR3
JATA	- 0.45	8P7
5HS	- 0.41	6L50
8P7	- 0.27	T7W

Risk-Adjusted Indicators

There is a big difference between COMPASS Stock performing well and COMPASS GROUP 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 COMPASS GROUP'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
6L50	2.46	(0.22)	0.00	(2.51)	0.00	0.00	5.41	(6.00)	15.61
MR3	1.49	(0.12)	0.00	(0.42)	0.00	0.00	5.83	(5.94)	23.45
5HS	1.65	0.23	0.20	(0.39)	1.50	(2.17)	3.73	(3.20)	17.61
T7W	1.38	(0.21)	0.00	(1.33)	0.00	0.00	2.79	(3.78)	9.01
KY1	1.29	0.20	0.18	(2.44)	1.33	(1.58)	3.37	(2.67)	8.31
8P7	1.94	0.22	0.14	(1.45)	1.90	(2.45)	4.09	(3.33)	13.73
CTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JATA	0.84	(0.06)	0.00	0.72	0.00	0.00	2.56	(1.72)	5.72

Be your own money manager

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