Nestle SA Correlations

NSRGY Stock

USD 81.48 2.27 2.71%

The current 90-days correlation between Nestle SA ADR and Kellanova is 0.1 (i.e., Average diversification). The correlation of Nestle 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Nestle SA Correlation With Market

Good diversification

The correlation between Nestle SA ADR and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nestle SA ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Nestle 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 Nestle 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 Nestle 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 Nestle SA ADR to buy it.

Moving together with Nestle Pink Sheet

0.99	NSRGF	Nestle SA	Pair Corr
0.93	KHC	Kraft Heinz	Pair Corr
0.86	GIS	General Mills	Pair Corr
0.81	GPDNF	Danone SA	Pair Corr
0.83	GRBMF	Grupo Bimbo SAB	Pair Corr
0.89	BMBOY	Grupo Bimbo SAB	Pair Corr
0.75	BKRKF	PT Bank Rakyat	Pair Corr
0.9	PPERF	Bank Mandiri Persero	Pair Corr
0.94	PPERY	Bank Mandiri Persero	Pair Corr
0.85	PBCRY	Bank Central Asia	Pair Corr
0.75	PBCRF	PT Bank Central	Pair Corr
0.91	BKRKY	Bank Rakyat	Pair Corr
0.87	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Nestle Pink Sheet

0.81	FUND	Sprott Focus Trust	Pair Corr
0.8	BBAI	BigBearai Holdings	Pair Corr
0.66	K	Kellanova Sell-off Trend	Pair Corr
0.6	PTAIF	PT Astra International	Pair Corr
0.48	SSNLF	Samsung Electronics	Pair Corr
0.32	ICAD	icad inc	Pair Corr
0.97	PLTR	Palantir Technologies	Pair Corr
0.96	SOFI	SoFi Technologies	Pair Corr
0.95	BFLY	Butterfly Network	Pair Corr
0.95	IONQ	IONQ Inc Trending	Pair Corr
0.95	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.94	ET	Energy Transfer LP	Pair Corr
0.93	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.91	PYPL	PayPal Holdings	Pair Corr
0.89	LUNR	Intuitive Machines Aggressive Push	Pair Corr
0.89	GLBE	Global E Online	Pair Corr
0.86	CRS	Carpenter Technology	Pair Corr
0.84	AVTE	Aerovate Therapeutics	Pair Corr
0.82	RUM	Rumble Inc	Pair Corr
0.78	GOOG	Alphabet Class C	Pair Corr
0.76	SOUN	SoundHound AI Trending	Pair Corr
0.66	INMD	InMode	Pair Corr
0.65	APLD	Applied Blockchain	Pair Corr

Related Correlations Analysis

	K	CPB	CAG	HRL	KHC	CLBEY	GPDNF	ASBFY	MKC-V	GIS
K		-0.52	-0.47	0.6	-0.49	-0.4	-0.65	-0.45	-0.19	-0.53	K
CPB	-0.52		0.86	-0.13	0.83	0.72	0.69	0.68	0.6	0.88	CPB
CAG	-0.47	0.86		0.07	0.76	0.8	0.62	0.68	0.8	0.9	CAG
HRL	0.6	-0.13	0.07		-0.12	0.18	-0.42	-0.13	0.49	0.08	HRL
KHC	-0.49	0.83	0.76	-0.12		0.8	0.71	0.87	0.54	0.82	KHC
CLBEY	-0.4	0.72	0.8	0.18	0.8		0.5	0.71	0.76	0.85	CLBEY
GPDNF	-0.65	0.69	0.62	-0.42	0.71	0.5		0.7	0.25	0.63	GPDNF
ASBFY	-0.45	0.68	0.68	-0.13	0.87	0.71	0.7		0.44	0.74	ASBFY
MKC-V	-0.19	0.6	0.8	0.49	0.54	0.76	0.25	0.44		0.81	MKC-V
GIS	-0.53	0.88	0.9	0.08	0.82	0.85	0.63	0.74	0.81		GIS
	K	CPB	CAG	HRL	KHC	CLBEY	GPDNF	ASBFY	MKC-V	GIS

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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

GIS	+ 0.9	CAG
GIS	+ 0.88	CPB
ASBFY	+ 0.87	KHC
CAG	+ 0.86	CPB
GIS	+ 0.85	CLBEY
KHC	+ 0.83	CPB

High negative correlations

GPDNF	- 0.65	K
GIS	- 0.53	K
CPB	- 0.52	K
KHC	- 0.49	K
CAG	- 0.47	K
ASBFY	- 0.45	K

Risk-Adjusted Indicators

There is a big difference between Nestle Pink Sheet performing well and Nestle 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 Nestle 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
K	0.14	0.00	(0.12)	(0.06)	0.16	(0.15)	0.34	(0.34)	0.83
CPB	0.96	(0.33)	0.00	(1.07)	0.00	0.00	1.46	(2.56)	8.10
CAG	0.90	(0.25)	0.00	(0.95)	0.00	0.00	1.83	(2.46)	8.70
HRL	0.85	(0.02)	0.00	(0.05)	0.00	0.00	2.00	(1.46)	5.94
KHC	0.85	(0.19)	0.00	(0.84)	0.00	0.00	1.40	(2.04)	5.23
CLBEY	2.79	(0.27)	0.00	(0.58)	0.00	0.00	7.48	(7.02)	22.55
GPDNF	0.62	(0.09)	0.00	0.79	0.00	0.00	1.75	(2.32)	5.57
ASBFY	1.11	(0.13)	0.00	(0.35)	0.00	0.00	1.61	(2.44)	8.32
MKC-V	0.98	(0.09)	0.00	3.88	0.00	0.00	2.22	(2.75)	5.41
GIS	0.78	(0.22)	0.00	(17.93)	0.00	0.00	1.28	(2.17)	4.43

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Our tools can tell you how much better you can do entering a position in Nestle 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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Nestle SA Corporate Management

FranoisXavier Roger	CFO VP	Profile
Ulf Schneider	Member CEO	Profile
Leanne Geale	Gen VP	Profile
Beatrice GuillaumeGrabisch	Global VP	Profile

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