Heineken Correlations

Stocks Germany . 
Stock . Heineken NV
HNK1 Stock  EUR 78.44  0.12  0.15%   
The current 90-days correlation between Heineken NV and ANTA Sports Products is 0.02 (i.e., Significant diversification). The correlation of Heineken 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 Correlation With Market

Significant diversification

The correlation between Heineken NV and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heineken NV and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Heineken 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 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 - 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 NV to buy it.

Moving together with Heineken Stock

  0.81FOMC FOMECONMEXSAB DCV UTSPairCorr
  0.99HNK2 HEINEKEN SP ADRPairCorr
  0.66AMNA Ambev SAPairCorr
  0.994H5 Heineken HoldingPairCorr
  0.93CBGB Carlsberg A/SPairCorr
  0.83CBGA Carlsberg ASPairCorr
  0.89ABW Asahi Group HoldingsPairCorr
  0.76KIR Kirin HoldingsPairCorr
  0.78RHM Rheinmetall AGPairCorr
  0.78VOW Volkswagen AGPairCorr
  0.77STD STANDARD CHARTEREDPairCorr
  0.75CMW CHINA M SRVCS Earnings Call This WeekPairCorr
  0.89CJH CanSino BiologicsPairCorr
  0.84APM AD PEPPER MEDIAPairCorr
  0.61WY8 Universal Health RealtyPairCorr
  0.75AG1 AUTO1 Group SEPairCorr
  0.71KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr

Moving against Heineken Stock

  0.79MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.78MSF MicrosoftPairCorr
  0.78MSF MicrosoftPairCorr
  0.85I7G Ipsen SAPairCorr
  0.78DBPD Xtrackers ShortDAXPairCorr
  0.52J9I0 5E ADVANCED MATERIALS SplitPairCorr

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   
AS7
+ 0.85
P4Q
AS7
+ 0.68
I43
P4Q
+ 0.47
I43
7JZ
+ 0.41
US8
GU0
+ 0.0
I43
P4Q
+ 0.0
GU0
  
High negative correlations   
US8
- 0.71
AS7
US8
- 0.71
I43
US8
- 0.55
P4Q
7JZ
- 0.4
P4Q
7JZ
- 0.35
AS7
7JZ
- 0.21
I43

Risk-Adjusted Indicators

There is a big difference between Heineken Stock performing well and Heineken 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'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 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 Corporate Management

Elected by the shareholders, the Heineken's board of directors comprises two types of representatives: Heineken 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's management team and ensure that shareholders' interests are well served. Heineken'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's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ronald ElzenChief OfficerProfile
Roland PirmezMiddle AfricaProfile
Frans EusmanEx AuditProfile
Ernst WeertEx AffairsProfile
Rudolf BrinkChairman CEOProfile
Marc BusainPres AmericasProfile
Jan LindenPres RegionProfile
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