Haleon Plc Correlations

HLN Stock

USD 10.37 0.08 0.78%

The current 90-days correlation between Haleon plc and Teva Pharma Industries is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Haleon Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haleon plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Haleon Plc Correlation With Market

Average diversification

The correlation between Haleon plc and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Haleon plc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haleon plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Haleon Stock, please use our How to Invest in Haleon Plc guide.

Moving together with Haleon Stock

0.65	VALN	Valneva SE ADR	Pair Corr
0.85	DVAX	Dynavax Technologies	Pair Corr
0.73	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against Haleon Stock

0.87	ME	23Andme Holding	Pair Corr
0.79	VCEL	Vericel Corp Ord	Pair Corr
0.78	VCYT	Veracyte	Pair Corr
0.78	DRTS	Alpha Tau Medical	Pair Corr
0.76	A	Agilent Technologies	Pair Corr
0.69	SABSW	SAB Biotherapeutics	Pair Corr
0.67	DNLI	Denali Therapeutics	Pair Corr
0.64	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.59	VINC	Vincerx Pharma	Pair Corr
0.53	VERA	Vera Therapeutics	Pair Corr
0.5	CDIOW	Cardio Diagnostics	Pair Corr
0.46	VKTX	Viking Therapeutics	Pair Corr
0.43	DRMA	Dermata Therapeutics	Pair Corr
0.78	VXRT	Vaxart Inc	Pair Corr
0.76	ELEV	Elevation Oncology	Pair Corr
0.74	VRPX	Virpax Pharmaceuticals	Pair Corr
0.72	VRAX	Virax Biolabs Group	Pair Corr
0.7	ELAN	Elanco Animal Health	Pair Corr
0.68	VYGR	Voyager Therapeutics	Pair Corr
0.65	VRDN	Viridian Therapeutics	Pair Corr
0.63	VTYX	Ventyx Biosciences	Pair Corr
0.62	VTRS	Viatris	Pair Corr
0.54	VYNE	Vyne Therapeutics	Pair Corr
0.46	DYAI	Dyadic International Earnings Call This Week	Pair Corr
0.44	VTGN	VistaGen Therapeutics	Pair Corr
0.4	ELDN	Eledon Pharmaceuticals Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TEVA	BHC	ZTS	TAK	RDY	EBS	HCM	VTRS	PETQ	NBIX
TEVA		0.58	-0.22	-0.74	0.83	0.53	-0.36	0.65	0.0	0.7	TEVA
BHC	0.58		0.12	-0.34	0.52	0.24	0.28	0.56	0.0	0.53	BHC
ZTS	-0.22	0.12		-0.1	-0.1	0.26	-0.09	0.11	0.0	0.26	ZTS
TAK	-0.74	-0.34	-0.1		-0.78	-0.85	0.61	-0.79	0.0	-0.79	TAK
RDY	0.83	0.52	-0.1	-0.78		0.52	-0.29	0.82	0.0	0.61	RDY
EBS	0.53	0.24	0.26	-0.85	0.52		-0.68	0.53	0.0	0.83	EBS
HCM	-0.36	0.28	-0.09	0.61	-0.29	-0.68		-0.21	0.0	-0.53	HCM
VTRS	0.65	0.56	0.11	-0.79	0.82	0.53	-0.21		0.0	0.59	VTRS
PETQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PETQ
NBIX	0.7	0.53	0.26	-0.79	0.61	0.83	-0.53	0.59	0.0		NBIX
	TEVA	BHC	ZTS	TAK	RDY	EBS	HCM	VTRS	PETQ	NBIX

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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

RDY	+ 0.83	TEVA
NBIX	+ 0.83	EBS
VTRS	+ 0.82	RDY
NBIX	+ 0.7	TEVA
VTRS	+ 0.65	TEVA
HCM	+ 0.61	TAK

High negative correlations

EBS	- 0.85	TAK
NBIX	- 0.79	TAK
VTRS	- 0.79	TAK
RDY	- 0.78	TAK
TAK	- 0.74	TEVA
HCM	- 0.68	EBS

Risk-Adjusted Indicators

There is a big difference between Haleon Stock performing well and Haleon Plc 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 Haleon Plc'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
TEVA	2.25	(0.05)	0.03	0.00	3.07	(2.57)	3.66	(3.67)	40.36
BHC	2.01	(0.21)	0.00	(1.46)	0.00	0.00	3.77	(4.43)	15.17
ZTS	1.28	(0.06)	0.00	(0.24)	0.00	0.00	1.99	(2.85)	7.77
TAK	0.89	0.12	0.22	(0.54)	0.89	(0.96)	2.71	(1.87)	5.19
RDY	1.15	(0.08)	0.00	(0.51)	0.00	0.00	1.96	(2.79)	10.15
EBS	3.33	(0.43)	0.00	(0.53)	0.00	0.00	6.36	(8.69)	26.05
HCM	2.44	(0.11)	0.00	(0.37)	0.00	0.00	5.47	(4.41)	14.74
VTRS	1.39	(0.36)	0.00	(2.47)	0.00	0.00	1.94	(2.77)	18.40
PETQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NBIX	1.51	(0.16)	0.00	(0.39)	0.00	0.00	2.19	(3.11)	23.54

Haleon Plc Corporate Management

Tamara Rogers	Chief Officer	Profile
Adrian Morris	General Counsel	Profile
Brian McNamara	CEO Director	Profile
Bjarne Tellmann	General Counsel	Profile
Claire Dickson	Chief Officer	Profile

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