Nestlé SA Correlations

Stocks . Germany . 
Stock . Nestl SA
NESM Stock  EUR 93.00  1.80  1.90%   
The current 90-days correlation between Nestlé SA and CAREER EDUCATION is 0.04 (i.e., Significant diversification). The correlation of Nestlé SA 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.

Nestlé SA Correlation With Market

Modest diversification

The correlation between Nestl SA and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nestl SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Nestlé SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nestlé SA 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 Nestlé SA - 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 Nestl SA to buy it.

Moving together with Nestlé Stock

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Moving against Nestlé Stock

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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   
K9R
+ 0.71
DVY
DVY
+ 0.65
CE1
96W
+ 0.64
CE1
K9R
+ 0.63
47X
47X
+ 0.62
DVY
5QV
+ 0.48
AOX
  
High negative correlations   
47X
- 0.69
AOX
DVY
- 0.56
AOX
K9R
- 0.4
AOX
5QV
- 0.22
47X
5QV
- 0.16
DVY
96W
- 0.14
AOX

Risk-Adjusted Indicators

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

Elected by the shareholders, the Nestlé SA's board of directors comprises two types of representatives: Nestlé SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nestlé. The board's role is to monitor Nestlé SA's management team and ensure that shareholders' interests are well served. Nestlé SA'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, Nestlé SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Marco SettembriCEO VPProfile
Magdi BatatoHead VPProfile
FranoisXavier RogerCFO VPProfile
Ulf SchneiderMember CEOProfile
Leanne GealeGen VPProfile
Stefan PalzerCTO VPProfile
Beatrice GuillaumeGrabischGlobal VPProfile
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