Haleon PLC Correlations

H6D Stock

8.80 0.15 1.68%

The current 90-days correlation between Haleon PLC and ARISTOCRAT LEISURE is -0.04 (i.e., Good diversification). The correlation of Haleon 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.

Haleon PLC Correlation With Market

Good diversification

The correlation between Haleon PLC and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Haleon PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Haleon 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 Haleon 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 Haleon 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 Haleon PLC to buy it.

Moving against Haleon Stock

0.72	R2WA	BEXIMCO PHARMAGDR REGS	Pair Corr
0.66	EVT	Evotec SE	Pair Corr
0.63	CJH	CanSino Biologics	Pair Corr
0.52	S2P	SIMCERE PHARMAC GRP	Pair Corr
0.4	BSFA	ANI Pharmaceuticals	Pair Corr

Related Correlations Analysis

	ISW	7E3	8DA1	CUW	AC8	20Y	LGA	D6H
ISW		-0.01	0.5	-0.16	-0.56	0.22	0.44	-0.23	ISW
7E3	-0.01		-0.52	0.83	0.74	0.71	-0.6	0.29	7E3
8DA1	0.5	-0.52		-0.57	-0.76	-0.3	0.69	0.05	8DA1
CUW	-0.16	0.83	-0.57		0.76	0.59	-0.62	0.26	CUW
AC8	-0.56	0.74	-0.76	0.76		0.48	-0.72	0.41	AC8
20Y	0.22	0.71	-0.3	0.59	0.48		-0.15	0.18	20Y
LGA	0.44	-0.6	0.69	-0.62	-0.72	-0.15		0.01	LGA
D6H	-0.23	0.29	0.05	0.26	0.41	0.18	0.01		D6H
	ISW	7E3	8DA1	CUW	AC8	20Y	LGA	D6H

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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

CUW	+ 0.83	7E3
AC8	+ 0.76	CUW
AC8	+ 0.74	7E3
20Y	+ 0.71	7E3
LGA	+ 0.69	8DA1
20Y	+ 0.59	CUW

High negative correlations

AC8	- 0.76	8DA1
LGA	- 0.72	AC8
LGA	- 0.62	CUW
LGA	- 0.6	7E3
CUW	- 0.57	8DA1
AC8	- 0.56	ISW

Risk-Adjusted Indicators

There is a big difference between Haleon Stock performing well and Haleon 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 Haleon 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
ISW	1.41	(0.19)	0.00	(0.14)	0.00	0.00	3.77	(3.39)	13.42
7E3	2.34	0.27	0.10	0.33	2.62	(2.86)	6.99	(4.19)	13.90
8DA1	1.45	(0.23)	0.00	49.81	0.00	0.00	3.05	(2.50)	9.92
CUW	1.12	0.14	0.04	0.44	1.02	(1.75)	3.90	(2.06)	6.94
AC8	0.71	0.32	0.18	1.62	0.18	(1.12)	2.03	(1.12)	5.10
20Y	1.53	(0.05)	(0.02)	0.08	1.85	(1.71)	3.18	(2.75)	11.26
LGA	1.41	(0.20)	0.00	(2.29)	0.00	0.00	3.45	(3.76)	10.39
D6H	1.72	0.17	0.01	(0.88)	1.87	(2.05)	3.85	(3.29)	13.58

Be your own money manager

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

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

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