Reckitt Benckiser Correlations

RBGPF Stock

USD 61.00 0.04 0.07%

The current 90-days correlation between Reckitt Benckiser and Church Dwight is 0.18 (i.e., Average diversification). The correlation of Reckitt Benckiser 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.

Reckitt Benckiser Correlation With Market

Significant diversification

The correlation between Reckitt Benckiser Group and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reckitt Benckiser Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Reckitt Benckiser could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reckitt Benckiser 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 Reckitt Benckiser - 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 Reckitt Benckiser Group to buy it.

Moving together with Reckitt Pink Sheet

0.74

RBGLY

Reckitt Benckiser

Pair Corr

Related Correlations Analysis

	CHD	KCDMY	LRLCY	SSDOY	SPCO	UNLYF	EL	LRLCF	IPAR	EWCZ
CHD		-0.67	-0.75	-0.76	0.73	-0.52	-0.63	-0.75	0.66	-0.53	CHD
KCDMY	-0.67		0.9	0.89	-0.59	0.74	0.74	0.91	-0.64	0.29	KCDMY
LRLCY	-0.75	0.9		0.99	-0.63	0.78	0.87	0.98	-0.56	0.32	LRLCY
SSDOY	-0.76	0.89	0.99		-0.67	0.79	0.84	0.97	-0.61	0.33	SSDOY
SPCO	0.73	-0.59	-0.63	-0.67		-0.51	-0.52	-0.62	0.63	-0.27	SPCO
UNLYF	-0.52	0.74	0.78	0.79	-0.51		0.72	0.78	-0.52	0.19	UNLYF
EL	-0.63	0.74	0.87	0.84	-0.52	0.72		0.86	-0.33	0.01	EL
LRLCF	-0.75	0.91	0.98	0.97	-0.62	0.78	0.86		-0.58	0.31	LRLCF
IPAR	0.66	-0.64	-0.56	-0.61	0.63	-0.52	-0.33	-0.58		-0.48	IPAR
EWCZ	-0.53	0.29	0.32	0.33	-0.27	0.19	0.01	0.31	-0.48		EWCZ
	CHD	KCDMY	LRLCY	SSDOY	SPCO	UNLYF	EL	LRLCF	IPAR	EWCZ

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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

SSDOY	+ 0.99	LRLCY
LRLCF	+ 0.98	LRLCY
LRLCF	+ 0.97	SSDOY
LRLCF	+ 0.91	KCDMY
LRLCY	+ 0.9	KCDMY
SSDOY	+ 0.89	KCDMY

High negative correlations

SSDOY	- 0.76	CHD
LRLCF	- 0.75	CHD
LRLCY	- 0.75	CHD
SPCO	- 0.67	SSDOY
KCDMY	- 0.67	CHD
IPAR	- 0.64	KCDMY

Risk-Adjusted Indicators

There is a big difference between Reckitt Pink Sheet performing well and Reckitt Benckiser 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 Reckitt Benckiser'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
CHD	0.85	0.00	(0.06)	0.09	0.95	(0.98)	1.53	(1.74)	6.62
KCDMY	1.32	(0.18)	0.00	(2.99)	0.00	0.00	2.53	(3.18)	7.43
LRLCY	1.35	(0.21)	0.00	(0.42)	0.00	0.00	2.94	(3.16)	12.61
SSDOY	1.59	(0.32)	0.00	(1.92)	0.00	0.00	3.79	(3.89)	12.90
SPCO	4.91	(0.47)	0.00	(0.74)	0.00	0.00	14.12	(9.79)	29.46
UNLYF	1.76	(0.10)	0.00	(0.28)	0.00	0.00	4.91	(5.89)	13.31
EL	2.07	(0.08)	0.00	(0.02)	0.00	0.00	4.80	(3.43)	30.90
LRLCF	1.88	(0.17)	0.00	0.93	0.00	0.00	4.18	(3.72)	12.42
IPAR	1.28	0.17	0.09	0.25	1.63	(1.29)	2.61	(2.75)	8.04
EWCZ	2.82	(0.25)	0.00	(0.05)	0.00	0.00	6.89	(4.72)	31.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in Reckitt Benckiser 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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Reckitt Benckiser Corporate Management

Richard Joyce	Sr. VP of Investor Relations, Communications and External Affairs	Profile
Sami Naffakh	Chief Officer	Profile
Filippo Catalano	Chief Officer	Profile
Fabrice Beaulieu	Sustainability Marketing	Profile
Ranjay Radhakrishnan	Chief Officer	Profile
Kris Licht	Pres Officer	Profile

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