Kraft Heinz Correlations

KHNZ Stock

EUR 30.52 0.02 0.07%

The current 90-days correlation between Kraft Heinz and Talanx AG is -0.04 (i.e., Good diversification). The correlation of Kraft Heinz 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.

Kraft Heinz Correlation With Market

Weak diversification

The correlation between Kraft Heinz Co and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kraft Heinz Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kraft Heinz could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kraft Heinz 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 Kraft Heinz - 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 Kraft Heinz Co to buy it.

Moving together with Kraft Stock

0.73	NESM	Nestl SA	Pair Corr
0.67	GRM	General Mills	Pair Corr
0.66	GRM	General Mills	Pair Corr

Moving against Kraft Stock

0.75	SK3	Smurfit Kappa Group	Pair Corr
0.72	MIE1	Mitsubishi Electric	Pair Corr
0.67	YMI	Yellow Pages Limited	Pair Corr
0.65	RHM	Rheinmetall AG Earnings Call This Week	Pair Corr
0.54	AD2	Air China Limited	Pair Corr
0.49	GIS	General Mills	Pair Corr
0.48	KEL	Kellogg Company	Pair Corr
0.41	6GAA	Grupo Aval Acciones	Pair Corr
0.4	MSF	Microsoft	Pair Corr
0.36	C2H	Copa Holdings SA	Pair Corr
0.34	UF0	UDR Inc	Pair Corr

Related Correlations Analysis

	8SP	2DG	TLX	2GB	INVN	IUI1	INL	RS6	XYTA	MEL
8SP		0.75	0.19	-0.33	-0.76	-0.86	-0.71	-0.81	-0.38	-0.83	8SP
2DG	0.75		0.04	-0.33	-0.84	-0.89	-0.81	-0.87	-0.47	-0.81	2DG
TLX	0.19	0.04		-0.18	0.0	0.01	-0.2	0.05	-0.51	-0.11	TLX
2GB	-0.33	-0.33	-0.18		0.46	0.35	0.37	0.34	0.57	0.35	2GB
INVN	-0.76	-0.84	0.0	0.46		0.87	0.79	0.88	0.46	0.77	INVN
IUI1	-0.86	-0.89	0.01	0.35	0.87		0.76	0.91	0.4	0.84	IUI1
INL	-0.71	-0.81	-0.2	0.37	0.79	0.76		0.85	0.58	0.82	INL
RS6	-0.81	-0.87	0.05	0.34	0.88	0.91	0.85		0.47	0.86	RS6
XYTA	-0.38	-0.47	-0.51	0.57	0.46	0.4	0.58	0.47		0.43	XYTA
MEL	-0.83	-0.81	-0.11	0.35	0.77	0.84	0.82	0.86	0.43		MEL
	8SP	2DG	TLX	2GB	INVN	IUI1	INL	RS6	XYTA	MEL

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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

RS6	+ 0.91	IUI1
RS6	+ 0.88	INVN
IUI1	+ 0.87	INVN
MEL	+ 0.86	RS6
RS6	+ 0.85	INL
MEL	+ 0.84	IUI1

High negative correlations

IUI1	- 0.89	2DG
RS6	- 0.87	2DG
IUI1	- 0.86	8SP
INVN	- 0.84	2DG
MEL	- 0.83	8SP
MEL	- 0.81	2DG

Risk-Adjusted Indicators

There is a big difference between Kraft Stock performing well and Kraft Heinz 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 Kraft Heinz'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
8SP	2.05	(0.14)	0.00	0.38	0.00	0.00	3.36	(4.74)	20.22
2DG	4.15	(1.33)	0.00	(2.07)	0.00	0.00	7.14	(8.57)	52.42
TLX	0.97	0.05	(0.06)	13.88	1.13	(1.13)	2.67	(1.64)	7.58
2GB	1.80	(0.03)	(0.04)	0.06	2.19	(2.09)	4.28	(3.67)	13.78
INVN	2.09	0.36	0.08	(1.50)	2.12	(2.49)	5.61	(4.25)	14.01
IUI1	1.27	0.25	0.13	0.91	1.07	(1.49)	3.28	(1.96)	10.30
INL	2.49	0.22	0.12	0.24	2.26	(3.25)	6.80	(3.69)	13.89
RS6	1.40	0.25	0.11	0.68	1.38	(1.62)	2.94	(2.17)	13.51
XYTA	15.79	4.34	0.13	1.91	12.41	(69.79)	50.00	(33.33)	233.33
MEL	0.99	0.08	(0.01)	0.58	1.15	(1.14)	2.53	(1.58)	6.59

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Our tools can tell you how much better you can do entering a position in Kraft Heinz 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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Kraft Heinz Corporate Management

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

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