Nestlé SA Correlations
| NESM Stock | EUR 85.00 1.20 1.43% |
The current 90-days correlation between Nestlé SA and Geely Automobile Holdings is 0.03 (i.e., Significant diversification). The correlation of Nestlé 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.
Nestlé SA Correlation With Market
Significant diversification
The correlation between Nestl SA and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nestl SA and DJI in the same portfolio, assuming nothing else is changed.
Nestlé |
The ability to find closely correlated positions to Nestlé 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 Nestlé 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 Nestlé 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 Nestl SA to buy it.
Moving together with Nestlé Stock
| 0.88 | GRM | General Mills | PairCorr |
| 0.87 | GRM | General Mills | PairCorr |
| 0.96 | BSN | Danone SA Earnings Call This Week | PairCorr |
| 0.95 | BSN | Danone SA Earnings Call This Week | PairCorr |
| 0.91 | KEL | Kellogg Company Earnings Call This Week | PairCorr |
Moving against Nestlé Stock
| 0.85 | C6T | China Construction Bank | PairCorr |
| 0.81 | OB8 | PT Barito Pacific | PairCorr |
| 0.81 | ICK | Industrial and Commercial | PairCorr |
| 0.66 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.42 | E908 | Lyxor 1 | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Nestlé Stock performing well and Nestlé 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 Nestlé 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1P3N | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SIT4 | 1.56 | 0.16 | (0.03) | (2.60) | 1.81 | 3.92 | 9.36 | |||
| 7FZ | 1.51 | 0.15 | 0.01 | 0.69 | 1.63 | 3.73 | 12.84 | |||
| B7O | 1.38 | 0.30 | 0.00 | (1.84) | 0.00 | 4.17 | 14.84 | |||
| EV9 | 2.63 | 0.21 | 0.05 | 0.53 | 2.53 | 6.54 | 19.32 | |||
| GRU | 2.20 | 0.51 | 0.12 | (63.97) | 2.14 | 4.59 | 21.00 | |||
| B7O | 2.29 | 0.17 | 0.01 | 0.48 | 2.67 | 8.00 | 15.41 | |||
| COA1 | 1.83 | 0.34 | 0.02 | (1.34) | 2.03 | 6.25 | 12.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nestlé 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.Did you try this?
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Nestlé SA Corporate Management
Elected by the shareholders, the Nestlé SA's board of directors comprises two types of representatives: Nestlé SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nestlé. The board's role is to monitor Nestlé SA's management team and ensure that shareholders' interests are well served. Nestlé SA'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, Nestlé SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marco Settembri | CEO VP | Profile | |
| Magdi Batato | Head VP | Profile | |
| FranoisXavier Roger | CFO VP | Profile | |
| Ulf Schneider | Member CEO | Profile | |
| Leanne Geale | Gen VP | Profile | |
| Stefan Palzer | CTO VP | Profile | |
| Beatrice GuillaumeGrabisch | Global VP | Profile |