Roche Holding Correlations

RHHVF Stock

USD 350.66 3.85 1.11%

The current 90-days correlation between Roche Holding AG and AstraZeneca PLC is -0.05 (i.e., Good diversification). The correlation of Roche Holding 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.

Roche Holding Correlation With Market

Significant diversification

The correlation between Roche Holding AG and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roche Holding AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Roche OTC Stock

0.72	LLY	Eli Lilly	Pair Corr
0.95	JNJ	Johnson Johnson	Pair Corr
0.95	RHHBF	Roche Holding AG	Pair Corr
0.99	RHHBY	Roche Holding	Pair Corr
0.97	AZN	AstraZeneca PLC ADR	Pair Corr
0.97	NVS	Novartis AG ADR	Pair Corr
0.94	AZNCF	AstraZeneca PLC	Pair Corr
0.94	NVSEF	Novartis AG	Pair Corr
0.91	WM	Waste Management	Pair Corr
0.77	HROWM	Harrow Health, 11875	Pair Corr
0.88	KO	Coca Cola	Pair Corr
0.87	VZ	Verizon Communications	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.83	MMM	3M Company	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.93	T	ATT Inc Earnings Call Today	Pair Corr

Moving against Roche OTC Stock

0.82	MSFT	Microsoft	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.58	MRK	Merck Company	Pair Corr
0.57	DIS	Walt Disney	Pair Corr
0.52	AXP	American Express Sell-off Trend	Pair Corr
0.44	BAC	Bank of America Sell-off Trend	Pair Corr

Related Correlations Analysis

	AZNCF	RHHBF	RHHBY	GRFS	NVSEF	SCLXW	NVS	BMYMP	BAYZF	ALPMF
AZNCF		0.9	0.94	0.39	0.91	-0.84	0.92	0.63	0.9	0.14	AZNCF
RHHBF	0.9		0.95	0.41	0.88	-0.83	0.92	0.68	0.9	0.11	RHHBF
RHHBY	0.94	0.95		0.34	0.93	-0.86	0.97	0.73	0.94	0.06	RHHBY
GRFS	0.39	0.41	0.34		0.43	-0.5	0.39	0.1	0.5	0.66	GRFS
NVSEF	0.91	0.88	0.93	0.43		-0.86	0.94	0.66	0.91	0.2	NVSEF
SCLXW	-0.84	-0.83	-0.86	-0.5	-0.86		-0.86	-0.56	-0.85	-0.27	SCLXW
NVS	0.92	0.92	0.97	0.39	0.94	-0.86		0.7	0.92	0.2	NVS
BMYMP	0.63	0.68	0.73	0.1	0.66	-0.56	0.7		0.73	-0.11	BMYMP
BAYZF	0.9	0.9	0.94	0.5	0.91	-0.85	0.92	0.73		0.17	BAYZF
ALPMF	0.14	0.11	0.06	0.66	0.2	-0.27	0.2	-0.11	0.17		ALPMF
	AZNCF	RHHBF	RHHBY	GRFS	NVSEF	SCLXW	NVS	BMYMP	BAYZF	ALPMF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

NVS	+ 0.97	RHHBY
RHHBY	+ 0.95	RHHBF
RHHBY	+ 0.94	AZNCF
BAYZF	+ 0.94	RHHBY
NVS	+ 0.94	NVSEF
NVSEF	+ 0.93	RHHBY

High negative correlations

NVS	- 0.86	SCLXW
SCLXW	- 0.86	NVSEF
SCLXW	- 0.86	RHHBY
BAYZF	- 0.85	SCLXW
SCLXW	- 0.84	AZNCF
SCLXW	- 0.83	RHHBF

Risk-Adjusted Indicators

There is a big difference between Roche OTC Stock performing well and Roche Holding OTC Stock 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 Roche Holding'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
AZNCF	1.92	0.24	0.13	(0.97)	2.25	(2.13)	3.67	(3.49)	18.21
RHHBF	2.29	0.45	0.14	0.71	2.48	(3.32)	6.60	(5.66)	17.19
RHHBY	1.01	0.34	0.29	1.02	0.93	(1.09)	2.63	(1.92)	5.52
GRFS	2.30	0.20	0.07	0.12	2.73	(2.58)	5.64	(3.92)	15.06
NVSEF	1.85	0.27	0.13	(3.90)	1.87	(2.54)	4.28	(3.95)	9.65
SCLXW	10.98	0.36	0.02	(0.56)	13.47	(18.53)	25.00	(29.83)	117.17
NVS	0.97	0.27	0.25	0.92	1.00	(1.13)	2.39	(2.12)	7.69
BMYMP	3.47	0.39	0.05	0.43	4.63	(4.89)	12.78	(8.24)	32.90
BAYZF	1.57	0.37	0.24	1.68	1.32	(2.06)	4.02	(2.58)	12.61
ALPMF	0.77	(0.11)	0.00	(1.10)	0.00	0.00	2.11	(2.87)	10.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Roche Holding 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.

Did you try this?

Run Piotroski F Score Now

Piotroski F Score

Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals

All Next

Launch Module

Roche Holding Corporate Management

Elected by the shareholders, the Roche Holding's board of directors comprises two types of representatives: Roche Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Roche. The board's role is to monitor Roche Holding's management team and ensure that shareholders' interests are well served. Roche Holding'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, Roche Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.

Barbara Schadler	Head Communications	Profile
Claudia Bockstiegel	G Counsel	Profile
Bruno Eschli	Head Relations	Profile
Johannes MD	Head Devel	Profile
Thomas Schinecker	Chief Diagnostics	Profile
Cristina Wilbur	Member of the Executive Committee, Head Group Human Resources	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC