Roche Holding Correlations

RHO6 Stock  EUR 39.40  0.59  1.48%   
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

Good diversification

The correlation between Roche Holding Ltd and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roche Holding Ltd 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 Ltd to buy it.

Moving together with Roche Stock

  0.76JNJ Johnson JohnsonPairCorr
  0.85AMG Amgen IncPairCorr
  0.88BAYN Bayer AG NA Earnings Call This WeekPairCorr
  0.76BAYA Bayer Aktiengesellschaft Earnings Call This WeekPairCorr
  0.72MTO METTLER TOLEDO INTLPairCorr
  0.67MTO METTLER TOLEDO INTLPairCorr
  0.66MTO Mitie Group PLCPairCorr
  0.85CMC JPMorgan ChasePairCorr
  0.65BOA BK OF EASTPairCorr
  0.78CON Continental Aktiengesellscha Earnings Call This WeekPairCorr
  0.799A2 Ares CapitalPairCorr
  0.878QM APATOR B ZYPairCorr
  0.82CFX Capital One FinancialPairCorr
  0.727TG TRISTAR GOLDPairCorr
  0.749AJ1 Altiplano MetalsPairCorr
  0.85ICK Industrial and CommercialPairCorr
  0.85BB2 BURBERRY GROUPPairCorr
  0.775711 ANTERO MIDSTREAMPairCorr
  0.93MM6A Option Care HealthPairCorr
  0.93MLP MLP SE Earnings Call This WeekPairCorr
  0.9VOS Vossloh AGPairCorr

Moving against Roche Stock

  0.8727J Impinj IncPairCorr
  0.8627J Impinj IncPairCorr
  0.816MK MerckPairCorr
  0.75IDP Biogen IncPairCorr
  0.51YPHA ASTELLAS PHARMA UNSPADRPairCorr
  0.45YPH Astellas PharmaPairCorr
  0.89ADH2 Air CanadaPairCorr
  0.66CXT Carmat SAPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
T2ECKS2
SIUCZ2
CNJDT7
FR70SIU
FR70CZ2
CNJSIU
  
High negative correlations   
DT7CZ2
DT7SIU
FR70DT7
CNJCZ2
FR70CNJ
FR70T2E

Risk-Adjusted Indicators

There is a big difference between Roche Stock performing well and Roche Holding 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 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.

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 Technical Analysis Now

   

Technical Analysis

Check basic technical indicators and analysis based on most latest market data
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.