Unilever Plc Correlations
| UNVB Stock | 55.90 0.72 1.30% |
The current 90-days correlation between Unilever Plc and Guangdong Investment Limited is -0.07 (i.e., Good diversification). The correlation of Unilever 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.
Unilever Plc Correlation With Market
Significant diversification
The correlation between Unilever Plc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unilever Plc and DJI in the same portfolio, assuming nothing else is changed.
Unilever |
The ability to find closely correlated positions to Unilever 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 Unilever 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 Unilever 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 Unilever Plc to buy it.
Moving together with Unilever Stock
| 0.98 | UNVB | Unilever Plc | PairCorr |
| 0.75 | UNVA | Unilever PLC | PairCorr |
| 0.71 | CPA | Colgate Palmolive | PairCorr |
| 0.7 | CPA | Colgate Palmolive | PairCorr |
| 0.65 | ASJA | ASTRA INTERNATIONAL | PairCorr |
Moving against Unilever Stock
| 0.66 | ELG | Elmos Semiconductor | PairCorr |
| 0.59 | CBW | CNVISION MEDIA | PairCorr |
| 0.54 | KGZ | KINGBOARD CHEMICAL | PairCorr |
| 0.52 | TM2 | Sydbank AS | PairCorr |
| 0.36 | 6GAA | Grupo Aval Acciones | PairCorr |
| 0.32 | SXC | Sunny Optical Technology | PairCorr |
| 0.56 | INW | GBS Software AG | PairCorr |
| 0.52 | 8A2 | Altair Engineering | PairCorr |
| 0.49 | UAL1 | United Airlines Holdings | PairCorr |
| 0.47 | IUI1 | Intuitive Surgical | PairCorr |
| 0.45 | STD | Standard Chartered PLC | PairCorr |
| 0.45 | HBC2 | HSBC Holdings plc | PairCorr |
| 0.44 | BZU | Air New Zealand | PairCorr |
| 0.42 | 93S | SPAREBK 1 NORD | PairCorr |
| 0.42 | HMO | Hino Motors | PairCorr |
Related Correlations Analysis
| 0.78 | 0.62 | 0.39 | 0.51 | 0.53 | 4I3 | ||
| 0.78 | 0.8 | 0.49 | 0.62 | 0.6 | GUG | ||
| 0.62 | 0.8 | 0.65 | 0.76 | 0.7 | HKT | ||
| 0.39 | 0.49 | 0.65 | 0.9 | 0.84 | 55O1 | ||
| 0.51 | 0.62 | 0.76 | 0.9 | 0.92 | ZSL | ||
| 0.53 | 0.6 | 0.7 | 0.84 | 0.92 | 1IZ1 | ||
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Risk-Adjusted Indicators
There is a big difference between Unilever Stock performing well and Unilever 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 Unilever 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4I3 | 1.39 | 0.10 | (0.01) | (0.13) | 1.45 | 2.94 | 10.57 | |||
| GUG | 2.39 | 0.35 | 0.06 | (0.32) | 2.43 | 6.06 | 16.49 | |||
| HKT | 0.47 | 0.04 | (0.02) | 0.48 | 0.55 | 1.61 | 3.23 | |||
| 55O1 | 0.86 | 0.14 | 0.06 | 1.22 | 0.91 | 1.93 | 6.35 | |||
| ZSL | 1.04 | 0.25 | 0.13 | (0.57) | 0.86 | 3.08 | 6.78 | |||
| 1IZ1 | 0.94 | 0.29 | 0.16 | (1.48) | 1.00 | 1.84 | 6.88 |
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Unilever Plc Corporate Management
Elected by the shareholders, the Unilever Plc's board of directors comprises two types of representatives: Unilever Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Unilever. The board's role is to monitor Unilever Plc's management team and ensure that shareholders' interests are well served. Unilever 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, Unilever Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Julian Thurston | Head Secretariat | Profile | |
| Sanjiv Mehta | Pres Asia | Profile | |
| Nitin Paranjpe | Chief Officer | Profile | |
| LLB JD | Chief Sec | Profile | |
| Richard Williams | Head Relations | Profile |