Puma SE Correlations

PMMAF Stock

USD 46.90 0.19 0.40%

The current 90-days correlation between Puma SE and Samsonite International SA is 0.23 (i.e., Modest diversification). The correlation of Puma SE 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.

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

Moving together with Puma Pink Sheet

0.62	DECK	Deckers Outdoor	Pair Corr
0.92	PUMSY	PUMA SE Potential Growth	Pair Corr
0.68	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.71	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.74	ATOM	Atomera Downward Rally	Pair Corr
0.67	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.66	BMYMP	Bristol Myers Squibb	Pair Corr
0.77	LINK	Interlink Electronics Upward Rally	Pair Corr
0.61	GOODN	Gladstone Commercial Corp	Pair Corr

Moving against Puma Pink Sheet

0.81	CROX	Crocs Inc	Pair Corr
0.68	ADDYY	Adidas AG ADR	Pair Corr
0.66	NKE	Nike Inc Aggressive Push	Pair Corr
0.52	SKX	Skechers USA	Pair Corr
0.39	SMSEY	Samsonite International	Pair Corr
0.33	BIRK	Birkenstock Holding plc	Pair Corr

Related Correlations Analysis

	ASCCY	SMSEY	ADDYY	WWW	ADDDF	NKE	SKX	DECK	SHOO	CROX
ASCCY		0.47	0.65	-0.21	0.6	0.76	0.61	-0.27	0.58	0.64	ASCCY
SMSEY	0.47		0.64	0.01	0.62	0.53	0.42	0.0	0.51	0.45	SMSEY
ADDYY	0.65	0.64		-0.48	0.95	0.75	0.74	-0.52	0.7	0.77	ADDYY
WWW	-0.21	0.01	-0.48		-0.41	-0.44	-0.52	0.89	-0.19	-0.69	WWW
ADDDF	0.6	0.62	0.95	-0.41		0.71	0.66	-0.49	0.68	0.74	ADDDF
NKE	0.76	0.53	0.75	-0.44	0.71		0.61	-0.51	0.75	0.84	NKE
SKX	0.61	0.42	0.74	-0.52	0.66	0.61		-0.5	0.31	0.69	SKX
DECK	-0.27	0.0	-0.52	0.89	-0.49	-0.51	-0.5		-0.28	-0.7	DECK
SHOO	0.58	0.51	0.7	-0.19	0.68	0.75	0.31	-0.28		0.64	SHOO
CROX	0.64	0.45	0.77	-0.69	0.74	0.84	0.69	-0.7	0.64		CROX
	ASCCY	SMSEY	ADDYY	WWW	ADDDF	NKE	SKX	DECK	SHOO	CROX

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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

ADDDF	+ 0.95	ADDYY
DECK	+ 0.89	WWW
CROX	+ 0.84	NKE
CROX	+ 0.77	ADDYY
NKE	+ 0.76	ASCCY
NKE	+ 0.75	ADDYY

High negative correlations

CROX	- 0.7	DECK
CROX	- 0.69	WWW
SKX	- 0.52	WWW
DECK	- 0.52	ADDYY
DECK	- 0.51	NKE
DECK	- 0.5	SKX

Risk-Adjusted Indicators

There is a big difference between Puma Pink Sheet performing well and Puma SE 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 Puma SE'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
ASCCY	1.76	0.05	0.01	0.18	2.01	(1.90)	4.47	(3.87)	11.89
SMSEY	2.20	0.05	(0.02)	0.50	2.58	(2.41)	4.68	(3.68)	14.31
ADDYY	1.41	(0.10)	0.00	2.71	0.00	0.00	3.59	(2.70)	12.13
WWW	2.38	0.81	0.40	0.99	1.40	(2.98)	4.90	(3.08)	38.90
ADDDF	2.00	(0.08)	0.00	(3.76)	0.00	0.00	4.87	(4.01)	14.78
NKE	1.20	(0.15)	0.00	(0.35)	0.00	0.00	2.37	(2.49)	13.61
SKX	1.56	(0.18)	0.00	(0.30)	0.00	0.00	3.29	(3.41)	11.05
DECK	1.73	0.18	0.08	0.28	1.93	(1.87)	3.99	(3.72)	15.66
SHOO	1.34	(0.06)	(0.05)	0.04	1.68	(1.42)	2.96	(2.75)	8.41
CROX	2.00	(0.52)	0.00	(0.46)	0.00	0.00	3.27	(4.25)	24.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Puma SE 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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Puma SE Corporate Management

Gottfried Hoppe	Head Strategy	Profile
Abhishek Ganguly	Managing Asia	Profile
Arne Freundt	Chief CEO	Profile
Dietmar Knoess	Global Organization	Profile
Stefan Seidel	Head Sustainability	Profile
Raliza Koleva	Chief Compliance Officer	Profile

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