Merck Correlations

MRCK34 Stock

BRL 79.48 1.95 2.52%

The current 90-days correlation between Merck and AbbVie Inc is 0.2 (i.e., Modest diversification). The correlation of Merck 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.

Merck Correlation With Market

Poor diversification

The correlation between Merck Co 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 Merck Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Merck Stock

0.86	JNJB34	Johnson Johnson	Pair Corr
0.86	BMYB34	Bristol Myers Squibb	Pair Corr
0.61	GILD34	Gilead Sciences	Pair Corr
0.76	SPTW11	Sp Downtown Fundo	Pair Corr
0.83	HGBS11	HEDGE Brasil Shopping	Pair Corr
0.79	BCPX39	Global X Funds Split	Pair Corr
0.66	ITUB4	Ita Unibanco Holding Split	Pair Corr
0.74	B1SA34	Banco Santander Chile	Pair Corr
0.69	RCSL4	Recrusul SA	Pair Corr
0.64	WUNI34	Western Union	Pair Corr
0.64	L1HX34	L3Harris Technologies	Pair Corr
0.67	BBSE3	BB Seguridade Partic	Pair Corr
0.73	ABUD34	Anheuser Busch InBev	Pair Corr
0.65	B1TI34	British American Tobacco	Pair Corr
0.67	PETZ3	Pet Center Comrcio	Pair Corr
0.68	WEGE3	WEG SA	Pair Corr
0.75	M1CH34	Microchip Technology	Pair Corr
0.79	T1EC34	TechnipFMC plc	Pair Corr
0.82	PNVL3	Dimed SA Distribuidora	Pair Corr

Moving against Merck Stock

0.33

C1AB34

Cable One

Pair Corr

Related Correlations Analysis

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Be your own money manager

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

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

Cristal Downing	Ex Officer	Profile
Jennifer Zachary	General Counsel	Profile
David Williams	Ex Officer	Profile
Caroline Litchfield	Ex CFO	Profile
Lisa LeCointeCephas	VP Officer	Profile

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