Carlsberg A/S Correlations

CABJF Stock  USD 124.12  1.01  0.81%   
The current 90-days correlation between Carlsberg A/S and Anheuser Busch Inbev is 0.37 (i.e., Weak diversification). The correlation of Carlsberg A/S 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.

Carlsberg A/S Correlation With Market

Significant diversification

The correlation between Carlsberg AS and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carlsberg AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Carlsberg A/S could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carlsberg A/S 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 Carlsberg A/S - 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 Carlsberg AS to buy it.

Moving together with Carlsberg Pink Sheet

  0.76FMX Fomento EconomicoPairCorr
  0.68BUDFF Anheuser Busch InBevPairCorr
  0.68BUD Anheuser Busch InbevPairCorr
  0.83HINKF Heineken NVPairCorr
  0.86HEIA HeinekenPairCorr
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  0.86AAVMY ABN AMRO BankPairCorr
  0.79GMDMF Gem Diamonds LimitedPairCorr
  0.81ADYYF Adyen NVPairCorr
  0.92ECL Ecolab IncPairCorr
  0.79SHUNF Shunfeng InternationalPairCorr
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  0.86IVR Invesco Mortgage Capital Sell-off TrendPairCorr
  0.88BFFAF BASF SE NAPairCorr
  0.79CPNFF Euro Sun MiningPairCorr
  0.73CQP Cheniere Energy PartnersPairCorr
  0.72MRNS Marinus Pharmaceuticals Earnings Call TomorrowPairCorr
  0.77MITUF Mitsui ChemicalsPairCorr
  0.91VOLVF Volvo AB serPairCorr
  0.86PDD PDD HoldingsPairCorr
  0.62PAGP Plains GP HoldingsPairCorr
  0.82DBOEY Deutsche Boerse AGPairCorr
  0.94T ATT Inc Aggressive PushPairCorr
  0.64META Meta PlatformsPairCorr
  0.85SDVKF Sandvik ABPairCorr
  0.7TCCPY TechnoPro HoldingsPairCorr

Moving against Carlsberg Pink Sheet

  0.63FMXUF Fomento Econmico MexicanoPairCorr
  0.49BCLI Brainstorm Cell TherPairCorr
  0.35GFAIW Guardforce AIPairCorr

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   
BUDFFBUD
CABGYCCU
BUDHINKF
BUDFFHINKF
CABGYHINKF
TAPTAP-A
  
High negative correlations   
SAMCCU
CABGYSAM
SAMHINKF
ABEVCCU

Risk-Adjusted Indicators

There is a big difference between Carlsberg Pink Sheet performing well and Carlsberg A/S 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 Carlsberg A/S'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 Carlsberg A/S 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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Carlsberg A/S Corporate Management

Graham FewkesSr. VP of Group Sales, Marketing and InnovationProfile
Peter KondrupVP of Investor RelationsProfile
Joris HuijsmansEx OfficerProfile
Joao AbecasisEx AsiaProfile
Lars LehmannEx EuropeProfile