Remy Cointreau Correlations
| REMYY Stock | USD 6.19 0.02 0.32% |
The current 90-days correlation between Remy Cointreau SA and Treasury Wine Estates is 0.29 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Remy Cointreau Correlation With Market
Average diversification
The correlation between Remy Cointreau SA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Remy Cointreau SA and DJI in the same portfolio, assuming nothing else is changed.
Remy |
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 SA to buy it.
Moving together with Remy Pink Sheet
| 0.68 | DGEAF | Diageo plc | PairCorr |
| 0.69 | DEO | Diageo PLC ADR | PairCorr |
| 0.88 | PRNDY | Pernod Ricard SA | PairCorr |
| 0.89 | PDRDF | Pernod Ricard SA | PairCorr |
| 0.64 | STZ | Constellation Brands | PairCorr |
| 0.61 | BF-B | Brown Forman Earnings Call Tomorrow | PairCorr |
| 0.86 | DVDCF | Davide Campari Milano | PairCorr |
| 0.87 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.72 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.64 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Remy Pink Sheet
| 0.79 | FSTF | First State Financial | PairCorr |
| 0.75 | FTNT | Fortinet Sell-off Trend | PairCorr |
| 0.71 | JXN-PA | Jackson Financial | PairCorr |
| 0.53 | MET | MetLife | PairCorr |
| 0.49 | ESLAW | Estrella Immunopharma | PairCorr |
| 0.82 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.81 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | T | ATT Inc Aggressive Push | PairCorr |
| 0.75 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | AXP | American Express Sell-off Trend | PairCorr |
| 0.75 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | WMT | Walmart Aggressive Push | PairCorr |
| 0.64 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.57 | HPQ | HP Inc | PairCorr |
| 0.54 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.41 | XOM | Exxon Mobil Corp Sell-off Trend | 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 Remy Pink Sheet 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DEO | 1.01 | (0.19) | 0.00 | (0.30) | 0.00 | 1.92 | 8.81 | |||
| PDRDF | 2.38 | (0.37) | 0.00 | (0.47) | 0.00 | 4.64 | 15.45 | |||
| TSRYY | 1.49 | (0.13) | 0.00 | (0.13) | 0.00 | 2.88 | 12.86 | |||
| MGPI | 2.26 | (1.06) | 0.00 | (0.96) | 0.00 | 2.31 | 26.46 | |||
| VWE | 17.72 | (1.53) | 0.00 | 0.28 | 0.00 | 38.89 | 114.65 | |||
| BF-B | 1.16 | (0.12) | 0.00 | (1.00) | 0.00 | 2.20 | 8.19 | |||
| WVVI | 1.31 | (0.18) | 0.00 | 0.98 | 0.00 | 3.28 | 8.49 | |||
| NAPA | 3.20 | 1.62 | 0.66 | (0.51) | 0.52 | 1.57 | 103.32 | |||
| BF-A | 1.18 | (0.14) | 0.00 | (2.53) | 0.00 | 2.14 | 8.75 | |||
| STZ | 0.96 | 0.02 | (0.08) | (0.02) | 1.33 | 2.11 | 7.42 |
Be your own money manager
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Remy Cointreau Corporate Management
| Patrick Marchand | Sr. VP of Operations | Profile | |
| Nicolas Beckers | Chief Region | Profile | |
| Carina Martin | Group Director | Profile | |
| JeanPhilippe Hecquet | Chief Cognac | Profile |