Royal Unibrew Correlations

Stocks . Germany . 
Stock . Royal Unibrew AS
0R1 Stock  EUR 72.25  0.05  0.07%   
The current 90-days correlation between Royal Unibrew AS and Air Lease is -0.04 (i.e., Good diversification). The correlation of Royal Unibrew 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.

Royal Unibrew Correlation With Market

Good diversification

The correlation between Royal Unibrew AS and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Royal Unibrew AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Royal Unibrew could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Royal Unibrew 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 Royal Unibrew - 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 Royal Unibrew AS to buy it.

Moving together with Royal Stock

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  0.87NY70 MOLSON RS BEVERAGEPairCorr
  0.7765K MOLSON RS CDAPairCorr
  0.67AG1 AUTO1 Group SEPairCorr
  0.67CMW CHINA M SRVCS Earnings Call This WeekPairCorr
  0.65ZEG ASTRAZENECAPairCorr
  0.77APM AD PEPPER MEDIAPairCorr
  0.61KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.62AV6 AvistaPairCorr
  0.66STD STANDARD CHARTEREDPairCorr
  0.66VOWA VOLKSWAGEN ADR 110ONPairCorr
  0.76RHM Rheinmetall AGPairCorr
  0.88CJH CanSino BiologicsPairCorr

Moving against Royal Stock

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  0.59BZG2 PT Bank CentralPairCorr
  0.58PJM PT Bumi ResourcesPairCorr
  0.51TCID Telkom Indonesia Tbk Earnings Call This WeekPairCorr
  0.42J9I0 5E ADVANCED MATERIALS SplitPairCorr
  0.76I7G Ipsen SAPairCorr
  0.64DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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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   
LLC
+ 0.67
AVLA
LLC
+ 0.43
PUS
5HJ
+ 0.41
LLC
5HJ
+ 0.37
AVLA
GME
+ 0.24
5HJ
5HJ
+ 0.23
PUS
  
High negative correlations   
4WO
- 0.44
LLC
GME
- 0.37
4WO
5HJ
- 0.3
LNSX
4WO
- 0.29
AVLA
5HJ
- 0.22
4WO
GME
- 0.2
PUS

Risk-Adjusted Indicators

There is a big difference between Royal Stock performing well and Royal Unibrew 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 Royal Unibrew'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.

Be your own money manager

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

Elected by the shareholders, the Royal Unibrew's board of directors comprises two types of representatives: Royal Unibrew inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Royal. The board's role is to monitor Royal Unibrew's management team and ensure that shareholders' interests are well served. Royal Unibrew'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, Royal Unibrew's outside directors are responsible for providing unbiased perspectives on the board's policies.
Claus KaersgaardSales DirectorProfile
Catharina StackelbergHammarenIndependent DirectorProfile
Karsten SlotteIndependent DirectorProfile
Martin AlsBus DirectorProfile
Martin AlsoeDirector, Employee RepresentativeProfile
Floris WoerkomIndependent DirectorProfile
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