Procter Gamble Correlations

Stocks . Brazil . 
Stock . The Procter Gamble
PGCO34 Stock  BRL 62.40  0.98  1.60%   
The current 90-days correlation between Procter Gamble and Micron Technology is -0.15 (i.e., Good diversification). The correlation of Procter Gamble 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.

Procter Gamble Correlation With Market

Average diversification

The correlation between The Procter Gamble and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Procter Gamble and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Procter Gamble could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Procter Gamble 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 Procter Gamble - 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 The Procter Gamble to buy it.

Moving together with Procter Stock

  0.85ULEV34 Unilever PLCPairCorr
  0.85COLG34 Colgate Palmolive Earnings Call This WeekPairCorr
  0.91KMBB34 Kimberly Clark Earnings Call TodayPairCorr
  0.71CLXC34 CloroxPairCorr
  0.64BOBR4 Bombril SAPairCorr
  0.62TMCO34 Toyota MotorPairCorr

Moving against Procter Stock

  0.74ELCI34 Este LauderPairCorr
  0.73MUTC34 Micron TechnologyPairCorr
  0.72TSMC34 Taiwan SemiconductorPairCorr
  0.72GSGI34 Goldman SachsPairCorr
  0.69JPMC34 JPMorgan ChasePairCorr
  0.68L1MN34 Lumen Technologies,PairCorr
  0.67MSBR34 Morgan StanleyPairCorr
  0.66MSFT34 Microsoft Earnings Call This WeekPairCorr
  0.65BOAC34 Bank of AmericaPairCorr
  0.64NVDC34 NVIDIAPairCorr
  0.6DBAG34 Deutsche Bank Aktien Earnings Call This WeekPairCorr
  0.58LVTC3 Livetech da BahiaPairCorr
  0.56C1FG34 Citizens Financial Group,PairCorr
  0.5H1SB34 HSBC Holdings plcPairCorr
  0.5I1DX34 IDEXX Laboratories,PairCorr
  0.48R1OP34 Roper Technologies, Earnings Call TomorrowPairCorr
  0.35ITUB4 Ita Unibanco HoldingPairCorr

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   
P2AX34
+ 0.95
MUTC34
S1TX34
+ 0.94
MUTC34
P2AX34
+ 0.94
S1TX34
D1RI34
+ 0.82
P2AX34
D1RI34
+ 0.77
MUTC34
D1RI34
+ 0.76
S1TX34
  
High negative correlations   
C1HK34
- 0.8
MUTC34
C1HK34
- 0.77
S1TX34
C1HK34
- 0.66
P2AX34
GPIV33
- 0.58
S1TX34
GPIV33
- 0.54
P2AX34
GPIV33
- 0.53
MUTC34

Risk-Adjusted Indicators

There is a big difference between Procter Stock performing well and Procter Gamble 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 Procter Gamble'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 Procter Gamble 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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Procter Gamble Corporate Management

Elected by the shareholders, the Procter Gamble's board of directors comprises two types of representatives: Procter Gamble inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Procter. The board's role is to monitor Procter Gamble's management team and ensure that shareholders' interests are well served. Procter Gamble'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, Procter Gamble's outside directors are responsible for providing unbiased perspectives on the board's policies.
Shailesh JejurikarChief OfficerProfile
Matthew JanzarukVP OfficerProfile
Vittorio CretellaChief OfficerProfile
Andre SchultenChief OfficerProfile
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