Duckhorn Portfolio Correlations
| NAPA Stock | USD 8.13 0.18 2.26% |
The correlation of Duckhorn Portfolio 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 Duckhorn Portfolio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duckhorn Portfolio 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.
Average diversification
The correlation between Duckhorn Portfolio and NYA is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duckhorn Portfolio and NYA in the same portfolio, assuming nothing else is changed.
Duckhorn |
The ability to find closely correlated positions to Duckhorn Portfolio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duckhorn Portfolio 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 Duckhorn Portfolio - 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 Duckhorn Portfolio to buy it.
Moving together with Duckhorn Stock
| 0.8 | VINE | Fresh Grapes LLC | PairCorr |
| 0.83 | WVVI | Willamette Valley | PairCorr |
| 0.87 | DEO | Diageo PLC ADR | PairCorr |
| 0.65 | LQR | LQR House Common Report 20th of June 2024 | PairCorr |
| 0.65 | VWE | Vintage Wine Estates Fiscal Year End 11th of October 2024 | PairCorr |
| 0.76 | WVVIP | Willamette Valley Potential Growth | PairCorr |
| 0.74 | SBEV | Splash Beverage Group Financial Report 4th of June 2024 | PairCorr |
| 0.62 | THST | Truett Hurst | PairCorr |
Moving against Duckhorn Stock
| 0.73 | LVMUY | LVMH Moet Hennessy | PairCorr |
| 0.67 | VDKB | Vodka Brands Corp | PairCorr |
| 0.61 | SNDL | SNDL Inc Financial Report 20th of May 2024 | PairCorr |
| 0.54 | BG | Bunge Limited | PairCorr |
| 0.53 | K | Kellanova | PairCorr |
| 0.49 | CL | Colgate Palmolive Financial Report 26th of July 2024 | PairCorr |
Related Correlations Analysis
| 0.52 | 1.0 | 0.92 | -0.26 | 0.83 | BF-B | ||
| 0.52 | 0.53 | 0.55 | -0.29 | 0.57 | MGPI | ||
| 1.0 | 0.53 | 0.93 | -0.28 | 0.84 | BF-A | ||
| 0.92 | 0.55 | 0.93 | -0.24 | 0.75 | PRNDY | ||
| -0.26 | -0.29 | -0.28 | -0.24 | -0.32 | TSRYY | ||
| 0.83 | 0.57 | 0.84 | 0.75 | -0.32 | NWINF | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Duckhorn Stock performing well and Duckhorn Portfolio 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 Duckhorn Portfolio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BF-B | 1.06 | (0.25) | 0.00 | 1.15 | 0.00 | 1.67 | 10.30 | |||
| MGPI | 1.90 | (0.02) | (0.01) | 0.05 | 3.35 | 3.53 | 19.69 | |||
| BF-A | 1.00 | (0.25) | 0.00 | 1.21 | 0.00 | 1.30 | 9.02 | |||
| PRNDY | 0.88 | (0.10) | 0.00 | (0.56) | 0.00 | 1.71 | 5.45 | |||
| TSRYY | 1.28 | 0.08 | 0.01 | 0.54 | 1.53 | 2.52 | 8.46 | |||
| NWINF | 4.55 | 0.06 | (0.01) | 0.00 | 6.62 | 11.67 | 46.23 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Duckhorn Portfolio 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?
Run Portfolio Analyzer Now
Portfolio AnalyzerPortfolio analysis module that provides access to portfolio diagnostics and optimization engine |
| All Next | Launch Module |
Duckhorn Portfolio Corporate Management
Elected by the shareholders, the Duckhorn Portfolio's board of directors comprises two types of representatives: Duckhorn Portfolio inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Duckhorn. The board's role is to monitor Duckhorn Portfolio's management team and ensure that shareholders' interests are well served. Duckhorn Portfolio'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, Duckhorn Portfolio's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sean Sullivan | Executive Vice President Chief Administrative Officer, General Counsel | Profile | |
| Nicole Cummings | Chief Officer | Profile | |
| Melanie Cox | Independent Director | Profile | |
| Daniel Costello | Independent Director | Profile | |
| Dan Duckhorn | Co-Founder | Profile | |
| Adriel Lares | Director | Profile |
Already Invested in Duckhorn Portfolio?
The danger of trading Duckhorn Portfolio 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 Duckhorn Portfolio 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 Duckhorn Portfolio. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Duckhorn Portfolio 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 Duckhorn Portfolio offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Duckhorn Portfolio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Duckhorn Portfolio Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Duckhorn Portfolio Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Duckhorn Portfolio. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For information on how to trade Duckhorn Stock refer to our How to Trade Duckhorn Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Duckhorn Stock analysis
When running Duckhorn Portfolio's price analysis, check to measure Duckhorn Portfolio'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 Duckhorn Portfolio is operating at the current time. Most of Duckhorn Portfolio's value examination focuses on studying past and present price action to predict the probability of Duckhorn Portfolio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Duckhorn Portfolio's price. Additionally, you may evaluate how the addition of Duckhorn Portfolio to your portfolios can decrease your overall portfolio volatility.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |
Is Duckhorn Portfolio'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 Duckhorn Portfolio. If investors know Duckhorn 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 Duckhorn Portfolio 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 0.061 | Earnings Share 0.57 | Revenue Per Share 3.442 | Quarterly Revenue Growth (0) | Return On Assets 0.0475 |
The market value of Duckhorn Portfolio is measured differently than its book value, which is the value of Duckhorn that is recorded on the company's balance sheet. Investors also form their own opinion of Duckhorn Portfolio's value that differs from its market value or its book value, called intrinsic value, which is Duckhorn Portfolio'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 Duckhorn Portfolio's market value can be influenced by many factors that don't directly affect Duckhorn Portfolio'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 Duckhorn Portfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Duckhorn Portfolio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Duckhorn Portfolio'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.