Carlsberg Correlations

Stocks . Germany . 
Stock . Carlsberg AS
CBGA Stock  EUR 139.00  6.00  4.14%   
The current 90-days correlation between Carlsberg AS and Southwest Airlines Co is 0.29 (i.e., Modest diversification). The correlation of Carlsberg 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.

Carlsberg Correlation With Market

Poor diversification

The correlation between Carlsberg AS and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carlsberg AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Carlsberg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carlsberg 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 Carlsberg - 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 Carlsberg AS to buy it.

Moving together with Carlsberg Stock

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Moving against Carlsberg Stock

  0.67DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis


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

SWN
+ 0.97
SWN
16U
+ 0.89
UT8
52D0
+ 0.7
SWN
52D0
+ 0.67
SWN
UAL1
+ 0.65
SWN
52D0
+ 0.65
UAL1
  

High negative correlations

16U
- 0.93
SWN
16U
- 0.93
SWN
UT8
- 0.86
SWN
UT8
- 0.84
SWN
52D0
- 0.73
16U
52D0
- 0.6
UT8

Risk-Adjusted Indicators

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

Elected by the shareholders, the Carlsberg's board of directors comprises two types of representatives: Carlsberg inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carlsberg. The board's role is to monitor Carlsberg's management team and ensure that shareholders' interests are well served. Carlsberg'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, Carlsberg's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joris HuijsmansEx OfficerProfile
Peter KondrupVice RelationsProfile
Lars LehmannEx EuropeProfile
Esther WuChief OfficerProfile
Yves BriantaisChief OfficerProfile
Sren BrinckExecutive EuropeProfile
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