Heineken Holding Correlations

HKHHY Stock  USD 29.48  0.59  2.04%   
The current 90-days correlation between Heineken Holding and Heineken NV is 0.79 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Heineken Holding Correlation With Market

Average diversification

The correlation between Heineken Holding NV and DJI is 0.14 (i.e., Average 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.
  
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 OTC Stock

  0.71FMX Fomento EconomicoPairCorr
  0.67BUDFF Anheuser Busch InBevPairCorr
  0.67BUD Anheuser Busch InbevPairCorr
  0.76HINKF Heineken NVPairCorr
  0.71HEIA HeinekenPairCorr
  0.68CRHKY China Resources BeerPairCorr

Moving against Heineken OTC Stock

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  0.75WSM Williams SonomaPairCorr
  0.72GPOR Gulfport Energy OperatingPairCorr
  0.71MVST Microvast HoldingsPairCorr
  0.69BSX Boston Scientific CorpPairCorr
  0.68RAND Rand Capital Corp Normal TradingPairCorr
  0.68BB BlackBerry Downward RallyPairCorr
  0.66AAL American Airlines Earnings Call This WeekPairCorr
  0.66CRGY Crescent EnergyPairCorr
  0.61AVXL Anavex Life SciencesPairCorr
  0.56FLEX FlexPairCorr
  0.53META Meta PlatformsPairCorr
  0.53SLXN Biomotion SciencesPairCorr
  0.38SENEB Seneca Foods CorpPairCorr
  0.31PBYI Puma BiotechnologyPairCorr
  0.67NTDOF NintendoPairCorr
  0.66C Citigroup Aggressive PushPairCorr
  0.61MITK Mitek Systems Potential GrowthPairCorr
  0.59RGTI Rigetti Computing Aggressive PushPairCorr
  0.58FKYS First Keystone CorpPairCorr
  0.56HAYN Haynes InternationalPairCorr

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   
BUDFFHEINY
CABGYHEINY
CABGYBUDFF
BDWBYHEINY
BDWBYBUDFF
SAMTAP
  
High negative correlations   
TAPTSGTY
SAMTSGTY
TAPHEINY
BDWBYTAP
ABEVTSGTY
TAPBUDFF

Risk-Adjusted Indicators

There is a big difference between Heineken OTC Stock performing well and Heineken Holding OTC Stock 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.

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.

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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.
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