Coles Correlations

CLEGF Stock

USD 13.79 0.00 0.00%

The current 90-days correlation between Coles Group and Seven i Holdings is -0.01 (i.e., Good diversification). The correlation of Coles 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.

Coles Correlation With Market

Good diversification

The correlation between Coles Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coles Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Coles Pink Sheet

0.71	SVNDY	Seven i Holdings	Pair Corr
0.78	SVNDF	Seven i Holdings	Pair Corr
0.69	AHODF	Koninklijke Ahold	Pair Corr
0.68	TSCDY	Tesco PLC Potential Growth	Pair Corr
0.63	TSCDF	Tesco PLC	Pair Corr
0.67	COCXF	Chocoladefabriken Lindt	Pair Corr
0.7	VIST	Vista Oil Gas	Pair Corr
0.61	CAE	CAE Inc	Pair Corr
0.79	CPNG	Coupang LLC	Pair Corr
0.68	SLG	SL Green Realty Earnings Call This Week	Pair Corr
0.65	BYON	Beyond,	Pair Corr
0.63	CLDT	Chatham Lodging Trust	Pair Corr
0.62	CEP	Cantor Equity Partners,	Pair Corr
0.72	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.74	NXT	Nextracker Class A	Pair Corr
0.7	NVDA	NVIDIA Aggressive Push	Pair Corr
0.73	NRDBY	Nordea Bank Abp Earnings Call This Week	Pair Corr
0.7	SNDK	Sandisk Corp Symbol Change	Pair Corr

Moving against Coles Pink Sheet

0.63	APDN	Applied DNA Sciences	Pair Corr
0.5	BRK-A	Berkshire Hathaway	Pair Corr
0.4	VLCN	Volcon Inc	Pair Corr

Related Correlations Analysis

	SVNDF	ADRNY	GO	DNUT	AHODF	WMK	ACI	DDL
SVNDF		0.0	-0.6	-0.86	0.78	-0.68	0.19	-0.49	SVNDF
ADRNY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ADRNY
GO	-0.6	0.0		0.73	-0.27	0.92	0.28	0.82	GO
DNUT	-0.86	0.0	0.73		-0.71	0.83	0.01	0.64	DNUT
AHODF	0.78	0.0	-0.27	-0.71		-0.41	0.38	-0.16	AHODF
WMK	-0.68	0.0	0.92	0.83	-0.41		0.22	0.79	WMK
ACI	0.19	0.0	0.28	0.01	0.38	0.22		0.32	ACI
DDL	-0.49	0.0	0.82	0.64	-0.16	0.79	0.32		DDL
	SVNDF	ADRNY	GO	DNUT	AHODF	WMK	ACI	DDL

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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

WMK	+ 0.92	GO
WMK	+ 0.83	DNUT
DDL	+ 0.82	GO
DDL	+ 0.79	WMK
AHODF	+ 0.78	SVNDF
DNUT	+ 0.73	GO

High negative correlations

DNUT	- 0.86	SVNDF
AHODF	- 0.71	DNUT
WMK	- 0.68	SVNDF
GO	- 0.6	SVNDF
DDL	- 0.49	SVNDF
WMK	- 0.41	AHODF

Risk-Adjusted Indicators

There is a big difference between Coles Pink Sheet performing well and Coles 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 Coles' 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
SVNDF	1.06	0.36	0.00	(0.82)	0.00	0.00	1.79	0.00	24.15
ADRNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GO	2.04	(0.10)	0.00	(0.52)	0.00	0.00	4.11	(3.87)	11.45
DNUT	3.55	(0.52)	0.00	(0.20)	0.00	0.00	9.50	(5.73)	34.21
AHODF	1.22	0.14	(0.02)	2.65	1.57	(3.82)	6.56	(3.02)	13.51
WMK	1.47	(0.14)	0.00	(0.09)	0.00	0.00	2.62	(3.06)	13.75
ACI	1.27	0.03	(0.10)	1.47	1.81	(1.32)	2.62	(2.55)	9.36
DDL	2.56	(0.18)	0.00	(0.24)	0.00	0.00	6.86	(4.72)	13.78

Be your own money manager

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

David Brewster	Chief Legal Officer	Profile
Sharbel Elias	Chief Officer	Profile
Mark Howell	Gen Relations	Profile
Steven Eng	CEO MD	Profile
Kris Webb	Chief People Officer	Profile
John Cox	Chief Officer	Profile
Matthew Swindells	Chief Supply Chain Officer	Profile

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