Haleon Plc Correlations

HLN Stock

USD 9.65 0.10 1.05%

The current 90-days correlation between Haleon plc and Teva Pharma Industries is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Haleon Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haleon plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Haleon Plc Correlation With Market

Significant diversification

The correlation between Haleon plc and DJI is 0.08 (i.e., Significant 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haleon plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Haleon Stock, please use our How to Invest in Haleon Plc guide.

Moving together with Haleon Stock

0.64	A	Agilent Technologies Earnings Call Today	Pair Corr
0.84	ME	23Andme Holding	Pair Corr
0.76	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.72	MTEM	Molecular Templates	Pair Corr
0.74	NKTX	Nkarta Inc	Pair Corr
0.76	TPST	Tempest Therapeutics	Pair Corr
0.73	AGL	agilon health	Pair Corr
0.7	TCHH	Trustcash Holdings	Pair Corr
0.61	EC	Ecopetrol SA ADR	Pair Corr
0.84	HYMTF	Hyundai Motor	Pair Corr
0.93	TLK	Telkom Indonesia Tbk	Pair Corr
0.61	PG	Procter Gamble	Pair Corr

Moving against Haleon Stock

0.7	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.47	KZR	Kezar Life Sciences	Pair Corr
0.4	MLYS	Mineralys Therapeutics,	Pair Corr
0.9	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.85	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.79	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.63	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.62	KB	KB Financial Group	Pair Corr
0.52	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.38	T	ATT Inc Aggressive Push	Pair Corr
0.37	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	TEVA	BHC	ZTS	TAK	RDY	EBS	HCM	VTRS	PETQ	NBIX
TEVA		-0.45	0.15	0.52	0.59	-0.08	0.09	-0.47	-0.56	0.33	TEVA
BHC	-0.45		-0.27	-0.65	-0.68	0.37	0.35	0.29	0.73	-0.45	BHC
ZTS	0.15	-0.27		0.64	0.62	-0.57	0.17	-0.64	0.11	-0.38	ZTS
TAK	0.52	-0.65	0.64		0.86	-0.5	-0.14	-0.68	-0.51	0.17	TAK
RDY	0.59	-0.68	0.62	0.86		-0.31	0.08	-0.64	-0.57	0.21	RDY
EBS	-0.08	0.37	-0.57	-0.5	-0.31		0.38	0.46	0.05	0.25	EBS
HCM	0.09	0.35	0.17	-0.14	0.08	0.38		-0.33	0.26	-0.43	HCM
VTRS	-0.47	0.29	-0.64	-0.68	-0.64	0.46	-0.33		0.07	0.22	VTRS
PETQ	-0.56	0.73	0.11	-0.51	-0.57	0.05	0.26	0.07		-0.65	PETQ
NBIX	0.33	-0.45	-0.38	0.17	0.21	0.25	-0.43	0.22	-0.65		NBIX
	TEVA	BHC	ZTS	TAK	RDY	EBS	HCM	VTRS	PETQ	NBIX

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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

RDY	+ 0.86	TAK
PETQ	+ 0.73	BHC
TAK	+ 0.64	ZTS
RDY	+ 0.62	ZTS
RDY	+ 0.59	TEVA
TAK	+ 0.52	TEVA

High negative correlations

VTRS	- 0.68	TAK
RDY	- 0.68	BHC
NBIX	- 0.65	PETQ
TAK	- 0.65	BHC
VTRS	- 0.64	RDY
VTRS	- 0.64	ZTS

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
TEVA	1.31	(0.07)	0.00	0.38	0.00	0.00	2.51	(1.94)	12.42
BHC	2.03	0.54	0.22	(6.44)	1.49	(2.64)	6.30	(2.57)	17.92
ZTS	0.92	(0.07)	0.00	(0.21)	0.00	0.00	1.77	(1.98)	6.01
TAK	0.69	(0.14)	0.00	(4.53)	0.00	0.00	1.28	(1.91)	4.86
RDY	0.96	(0.33)	0.00	(0.27)	0.00	0.00	1.50	(2.20)	6.89
EBS	4.60	(0.12)	0.01	0.07	5.96	(4.66)	11.40	(9.02)	39.28
HCM	2.43	(0.06)	(0.05)	(0.02)	2.69	(3.09)	5.32	(5.01)	12.71
VTRS	1.33	0.16	0.07	0.37	1.33	(1.60)	3.11	(2.44)	16.45
PETQ	1.51	0.85	0.81	(0.54)	0.00	(1.69)	0.61	(1.32)	48.08
NBIX	1.50	(0.42)	0.00	(0.19)	0.00	0.00	3.10	(2.10)	19.06

Haleon Plc Corporate Management

Tamara Rogers	Chief Officer	Profile
Adrian Morris	General Counsel	Profile
Brian McNamara	CEO Director	Profile
Bjarne Tellmann	General Counsel	Profile
Claire Dickson	Chief Officer	Profile

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