Unilever PLC Correlations

ULN Stock

MXN 1,120 0.00 0.00%

The current 90-days correlation between Unilever PLC and Applied Materials is 0.11 (i.e., Average diversification). The correlation of Unilever PLC 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.

Unilever PLC Correlation With Market

Good diversification

The correlation between Unilever PLC and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unilever PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Unilever Stock

0.61

SMSNN

Samsung Electronics

Pair Corr

Moving against Unilever Stock

0.8	PRU	Prudential Financial	Pair Corr
0.71	DIS	Walt Disney	Pair Corr
0.67	SONYN	Sony Group	Pair Corr
0.63	NFLX	Netflix	Pair Corr
0.57	HOTEL	Grupo Hotelero Santa	Pair Corr
0.47	PG	Procter Gamble DRC	Pair Corr
0.31	TSMN	Taiwan Semiconductor	Pair Corr

Related Correlations Analysis

	GNW	X	DBN	AMAT	MUX	PRU	TSMN	BNS
GNW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GNW
X	0.0		0.44	-0.16	0.56	0.52	0.72	0.59	X
DBN	0.0	0.44		-0.18	0.68	0.11	0.65	0.4	DBN
AMAT	0.0	-0.16	-0.18		0.04	-0.42	0.05	-0.22	AMAT
MUX	0.0	0.56	0.68	0.04		0.26	0.73	0.58	MUX
PRU	0.0	0.52	0.11	-0.42	0.26		0.12	0.65	PRU
TSMN	0.0	0.72	0.65	0.05	0.73	0.12		0.54	TSMN
BNS	0.0	0.59	0.4	-0.22	0.58	0.65	0.54		BNS
	GNW	X	DBN	AMAT	MUX	PRU	TSMN	BNS

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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

TSMN	+ 0.73	MUX
TSMN	+ 0.72	X
MUX	+ 0.68	DBN
TSMN	+ 0.65	DBN
BNS	+ 0.65	PRU
BNS	+ 0.59	X

High negative correlations

PRU	- 0.42	AMAT
BNS	- 0.22	AMAT
AMAT	- 0.18	DBN
AMAT	- 0.16	X
BNS	- 0.0	GNW
TSMN	- 0.0	GNW

Risk-Adjusted Indicators

There is a big difference between Unilever Stock performing well and Unilever PLC 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 Unilever PLC'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
GNW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
X	2.09	0.46	0.16	0.53	2.03	(2.68)	5.11	(3.22)	13.82
DBN	0.76	0.11	0.01	0.76	0.85	(2.14)	3.53	(2.72)	8.72
AMAT	1.87	0.08	(0.01)	1.04	2.79	(2.10)	3.75	(3.03)	15.13
MUX	0.62	0.43	0.00	(0.29)	0.00	0.00	0.00	0.00	19.28
PRU	0.04	0.02	0.00	(0.15)	0.00	0.00	0.00	0.00	1.32
TSMN	1.92	0.34	0.10	1.99	2.08	(2.05)	3.89	(3.98)	14.40
BNS	0.73	0.27	0.00	0.72	0.00	0.00	1.60	0.00	17.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Unilever PLC 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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Unilever PLC Corporate Management

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

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