Reckitt Benckiser Correlations
| RBGPF Stock | USD 65.60 4.59 6.54% |
The current 90-days correlation between Reckitt Benckiser and Kimberly Clark is 0.03 (i.e., Significant diversification). The correlation of Reckitt Benckiser 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.
Reckitt Benckiser Correlation With Market
Significant diversification
The correlation between Reckitt Benckiser Group 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 Reckitt Benckiser Group and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Reckitt Benckiser could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reckitt Benckiser 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 Reckitt Benckiser - 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 Reckitt Benckiser Group to buy it.
Moving together with Reckitt Pink Sheet
| 0.69 | RBGLY | Reckitt Benckiser Earnings Call This Week | PairCorr |
| 0.61 | DOCKF | Beyond Medical Techn | PairCorr |
| 0.77 | PTHL | Pheton Holdings | PairCorr |
| 0.68 | LTRY | Lottery, Common Stock | PairCorr |
| 0.78 | IBM | International Business Earnings Call Tomorrow | PairCorr |
| 0.75 | GE | GE Aerospace Earnings Call Today | PairCorr |
| 0.73 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.72 | PFE | Pfizer Inc | PairCorr |
| 0.77 | CSCO | Cisco Systems | PairCorr |
| 0.7 | AXP | American Express | PairCorr |
| 0.79 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.75 | DIS | Walt Disney | PairCorr |
| 0.73 | BAC | Bank of America | PairCorr |
| 0.61 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
Moving against Reckitt Pink Sheet
| 0.41 | AFFL | Affiliated Resources Corp | PairCorr |
| 0.39 | PG | Procter Gamble Earnings Call This Week | PairCorr |
| 0.39 | CL | Colgate Palmolive Earnings Call This Week | PairCorr |
| 0.39 | ELGL | Element Global | PairCorr |
| 0.31 | KMB | Kimberly Clark | PairCorr |
| 0.59 | MCD | McDonalds | PairCorr |
| 0.34 | KO | Coca Cola Earnings Call Today | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Reckitt Pink Sheet performing well and Reckitt Benckiser 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 Reckitt Benckiser'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KMB | 0.92 | (0.21) | 0.00 | (0.42) | 0.00 | 2.09 | 5.50 | |||
| CL | 0.88 | (0.14) | 0.00 | (0.52) | 0.00 | 1.86 | 5.85 | |||
| CHD | 0.92 | (0.21) | 0.00 | (0.20) | 0.00 | 1.82 | 9.36 | |||
| UL | 0.74 | (0.07) | 0.00 | (0.54) | 0.00 | 1.76 | 5.16 | |||
| PG | 0.86 | (0.17) | 0.00 | (0.24) | 0.00 | 1.29 | 6.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Reckitt Benckiser 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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Reckitt Benckiser Corporate Management
| Richard Joyce | Sr. VP of Investor Relations, Communications and External Affairs | Profile | |
| Sami Naffakh | Chief Officer | Profile | |
| Filippo Catalano | Chief Officer | Profile | |
| Fabrice Beaulieu | Sustainability Marketing | Profile | |
| Ranjay Radhakrishnan | Chief Officer | Profile | |
| Kris Licht | Pres Officer | Profile |