Relx PLC Correlations

Stocks . Netherlands . 
Stock . Relx PLC
REN Stock  EUR 25.94  0.86  3.21%   
The current 90-days correlation between Relx PLC and Universal Music Group is 0.47 (i.e., Very weak diversification). The correlation of Relx 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Relx PLC Correlation With Market

Excellent diversification

The correlation between Relx PLC and DJI is -0.53 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Relx PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Relx 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 Relx 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 Relx 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 Relx PLC to buy it.

Moving together with Relx Stock

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Moving against Relx Stock

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Related Correlations Analysis


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

PRX
+ 0.94
UMG
BNJ
+ 0.34
PRX
BNJ
+ 0.33
UMG
AJAX
+ 0.29
BNJ
AJAX
+ 0.27
KPN
HAVAS
+ 0.05
PRX
  

High negative correlations

PRX
- 0.92
KPN
KPN
- 0.85
UMG
HAVAS
- 0.49
BNJ
AJAX
- 0.26
HAVAS
AJAX
- 0.25
UMG
BNJ
- 0.21
KPN

Risk-Adjusted Indicators

There is a big difference between Relx Stock performing well and Relx 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 Relx 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.

Be your own money manager

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

Elected by the shareholders, the Relx PLC's board of directors comprises two types of representatives: Relx PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Relx. The board's role is to monitor Relx PLC's management team and ensure that shareholders' interests are well served. Relx 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, Relx PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Nicholas LuffCFO DirectorProfile
JD IVChief SecretaryProfile
Vijay RaghavanChief RiskProfile
Erik EngstromCEO DirectorProfile
Mrcia BaliscianoGlobal ResponsibilityProfile
Henry UdowChief SecProfile
Jelena SevoChief OfficerProfile
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