Haleon Plc Correlations

HLN Stock

USD 9.53 0.01 0.10%

The current 90-days correlation between Haleon plc and Teva Pharma Industries is 0.35 (i.e., Weak 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

Modest diversification

The correlation between Haleon plc and DJI is 0.23 (i.e., Modest 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

0.63	INZY	Inozyme Pharma	Pair Corr
0.65	PLRX	Pliant Therapeutics	Pair Corr
0.62	TERN	Terns Pharmaceuticals Downward Rally	Pair Corr

Moving against Haleon Stock

0.57	INKT	Mink Therapeutics Upward Rally	Pair Corr
0.33	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.5	BPMC	Blueprint Medicines Corp	Pair Corr
0.55	FNMFO	Federal National Mortgage	Pair Corr
0.38	AVAL	Grupo Aval	Pair Corr
0.31	TGNA	Tegna Inc	Pair Corr

Related Correlations Analysis

	TEVA	BHC	ZTS	TAK	RDY	EBS	HCM	VTRS	PETQ	NBIX
TEVA		-0.52	-0.8	-0.67	0.5	0.09	-0.69	-0.54	0.0	0.76	TEVA
BHC	-0.52		0.47	0.74	-0.07	0.15	0.62	0.1	0.0	-0.6	BHC
ZTS	-0.8	0.47		0.75	-0.41	-0.08	0.81	0.19	0.0	-0.76	ZTS
TAK	-0.67	0.74	0.75		-0.18	-0.11	0.8	0.21	0.0	-0.78	TAK
RDY	0.5	-0.07	-0.41	-0.18		-0.16	0.01	-0.22	0.0	0.03	RDY
EBS	0.09	0.15	-0.08	-0.11	-0.16		-0.12	-0.19	0.0	0.39	EBS
HCM	-0.69	0.62	0.81	0.8	0.01	-0.12		0.17	0.0	-0.9	HCM
VTRS	-0.54	0.1	0.19	0.21	-0.22	-0.19	0.17		0.0	-0.37	VTRS
PETQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PETQ
NBIX	0.76	-0.6	-0.76	-0.78	0.03	0.39	-0.9	-0.37	0.0		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

HCM	+ 0.81	ZTS
HCM	+ 0.8	TAK
NBIX	+ 0.76	TEVA
TAK	+ 0.75	ZTS
TAK	+ 0.74	BHC
HCM	+ 0.62	BHC

High negative correlations

NBIX	- 0.9	HCM
ZTS	- 0.8	TEVA
NBIX	- 0.78	TAK
NBIX	- 0.76	ZTS
HCM	- 0.69	TEVA
TAK	- 0.67	TEVA

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	2.01	0.15	0.00	(0.08)	3.15	(2.04)	3.66	(3.36)	29.83
BHC	2.00	(0.11)	0.00	(0.25)	0.00	0.00	4.27	(5.32)	21.50
ZTS	1.12	(0.17)	0.00	(0.49)	0.00	0.00	1.77	(2.79)	5.49
TAK	0.79	(0.08)	0.00	(0.29)	0.00	0.00	1.39	(2.04)	4.86
RDY	1.22	(0.22)	0.00	(6.29)	0.00	0.00	1.96	(2.57)	10.27
EBS	3.75	0.42	0.07	1.11	4.74	(3.98)	8.29	(7.17)	36.29
HCM	2.22	(0.67)	0.00	(1.80)	0.00	0.00	5.47	(5.01)	15.25
VTRS	1.32	(0.02)	(0.05)	(0.02)	1.48	(1.51)	1.96	(2.62)	16.44
PETQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NBIX	1.19	0.43	0.23	(2.61)	1.11	(1.39)	3.10	(2.10)	11.43

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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