Dole PLC Correlations
| DOLE Stock | USD 12.11 0.23 1.94% |
The correlation of Dole PLC 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dole PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dole PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Dole PLC and NYA is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dole PLC and NYA in the same portfolio, assuming nothing else is changed.
Dole |
The ability to find closely correlated positions to Dole PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dole PLC 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 Dole PLC - 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 Dole PLC to buy it.
Moving together with Dole Stock
| 0.71 | TSN | Tyson Foods Financial Report 13th of May 2024 | PairCorr |
| 0.61 | BG | Bunge Limited Financial Report 1st of May 2024 | PairCorr |
| 0.62 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.66 | DG | Dollar General Financial Report 6th of June 2024 | PairCorr |
| 0.68 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.77 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
Moving against Dole Stock
| 0.69 | SAM | Boston Beer Earnings Call This Week | PairCorr |
| 0.64 | BUD | Anheuser Busch Inbev Financial Report 2nd of May 2024 | PairCorr |
| 0.58 | UG | United Guardian | PairCorr |
| 0.55 | PAVS | Paranovus Entertainment | PairCorr |
| 0.53 | DLTR | Dollar Tree Sell-off Trend | PairCorr |
| 0.47 | FMX | Fomento Economico Financial Report 26th of April 2024 | PairCorr |
| 0.47 | ABEV | Ambev SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.45 | IH | IhumanInc | 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 Dole Stock performing well and Dole PLC 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 Dole PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGII | 10.85 | 0.55 | 0.05 | 0.16 | 10.01 | 16.67 | 120.00 | |||
| GNLN | 5.02 | 0.72 | 0.11 | (1.39) | 5.24 | 11.76 | 42.40 | |||
| XXII | 7.10 | (0.19) | 0.01 | 0.02 | 9.34 | 6.91 | 180.71 | |||
| CBDW | 12.17 | 0.20 | 0.02 | 0.18 | 14.34 | 23.21 | 105.80 | |||
| PHJMF | 4.12 | 0.12 | 0.00 | (0.65) | 6.53 | 20.00 | 48.57 | |||
| PYYX | 5.89 | 1.33 | 0.11 | 2.64 | 5.57 | 23.00 | 79.21 | |||
| JAPAY | 0.62 | 0.00 | (0.06) | 0.04 | 0.78 | 1.39 | 3.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dole PLC 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.Did you try this?
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Dole PLC Corporate Management
Elected by the shareholders, the Dole PLC's board of directors comprises two types of representatives: Dole PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dole. The board's role is to monitor Dole PLC's management team and ensure that shareholders' interests are well served. Dole PLC'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, Dole PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Regan | Head Relations | Profile | |
| FCA BComm | CEO Director | Profile | |
| Jacinta FCA | CFO Director | Profile | |
| BBS FCA | Ex Chairman | Profile | |
| MBA BBA | COO Director | Profile |
Already Invested in Dole PLC?
The danger of trading Dole PLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Dole PLC is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Dole PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dole PLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Dole PLC is a strong investment it is important to analyze Dole PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dole PLC's future performance. For an informed investment choice regarding Dole Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dole PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Dole Stock refer to our How to Trade Dole Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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When running Dole PLC's price analysis, check to measure Dole PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dole PLC is operating at the current time. Most of Dole PLC's value examination focuses on studying past and present price action to predict the probability of Dole PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dole PLC's price. Additionally, you may evaluate how the addition of Dole PLC to your portfolios can decrease your overall portfolio volatility.
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Is Dole PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dole PLC. If investors know Dole will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dole PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.235 | Dividend Share 0.32 | Earnings Share 1.53 | Revenue Per Share 86.868 | Quarterly Revenue Growth 0.015 |
The market value of Dole PLC is measured differently than its book value, which is the value of Dole that is recorded on the company's balance sheet. Investors also form their own opinion of Dole PLC's value that differs from its market value or its book value, called intrinsic value, which is Dole PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dole PLC's market value can be influenced by many factors that don't directly affect Dole PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dole PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dole PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dole PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.