Heineken Holding Correlations
| 4H5 Stock | EUR 70.15 1.00 1.45% |
The current 90-days correlation between Heineken Holding and COFCO Joycome Foods is -0.07 (i.e., Good diversification). The correlation of Heineken Holding 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.
Heineken Holding Correlation With Market
Good diversification
The correlation between Heineken Holding NV 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 Heineken Holding NV and DJI in the same portfolio, assuming nothing else is changed.
Heineken |
The ability to find closely correlated positions to Heineken Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heineken Holding 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 Heineken Holding - 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 Heineken Holding NV to buy it.
Moving together with Heineken Stock
| 0.98 | HNK1 | Heineken NV | PairCorr |
| 0.97 | HNK2 | HEINEKEN SP ADR | PairCorr |
| 0.93 | CBGB | Carlsberg AS | PairCorr |
| 0.82 | CBGA | Carlsberg A/S | PairCorr |
| 0.82 | ABW | Asahi Group Holdings | PairCorr |
| 0.67 | IBM | International Business | PairCorr |
| 0.74 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.74 | 1YL | PROSUS NV ADR | PairCorr |
| 0.83 | ISHA | INTERSHOP Communications | PairCorr |
Moving against Heineken Stock
| 0.64 | OB8 | PT Barito Pacific | PairCorr |
| 0.52 | BZG2 | PT Bank Central | PairCorr |
| 0.5 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.45 | BYRA | PT Bank Rakyat | PairCorr |
| 0.43 | PJM | PT Bumi Resources Earnings Call This Week | 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
|
Risk-Adjusted Indicators
There is a big difference between Heineken Stock performing well and Heineken Holding 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 Heineken Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0M7 | 1.01 | 0.13 | 0.00 | 0.17 | 0.00 | 6.25 | 12.13 | |||
| RLU | 2.84 | 0.08 | 0.02 | 0.19 | 4.19 | 10.00 | 24.63 | |||
| D4V | 1.20 | 0.27 | 0.15 | (2.29) | 1.32 | 2.58 | 8.60 | |||
| DHR | 1.95 | 0.09 | 0.06 | (0.19) | 2.16 | 5.94 | 14.22 | |||
| AW8 | 0.33 | 0.04 | 0.06 | 0.41 | 0.31 | 0.96 | 2.82 | |||
| 3GH | 1.17 | 0.15 | 0.12 | 0.61 | 1.16 | 2.51 | 6.69 | |||
| J73 | 1.55 | 0.26 | 0.10 | (1.15) | 1.75 | 5.26 | 16.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Heineken Holding 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 Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
Heineken Holding Corporate Management
Elected by the shareholders, the Heineken Holding's board of directors comprises two types of representatives: Heineken Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Heineken. The board's role is to monitor Heineken Holding's management team and ensure that shareholders' interests are well served. Heineken Holding'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, Heineken Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jose Martinez | Director Relations | Profile | |
| Sarah Backhouse | Director Communication | Profile | |
| Laurence Debroux | Ex Director | Profile | |
| Charlene CarvalhoHeineken | Ex Director | Profile | |
| Michael Fuchs | Global Mang | Profile | |
| Jan Linden | Managing Bus | Profile | |
| Michel Carvalho | Ex Director | Profile |