Unilever PLC Correlations
| ULVR Stock | EUR 48.07 2.37 5.19% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Unilever PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unilever PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Unilever PLC and NYA is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unilever PLC and NYA 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 against Unilever Stock
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SWUT | 1.26 | 0.27 | 0.07 | 3.71 | 1.63 | 4.29 | 9.31 | |||
| VIG | 0.53 | 0.13 | 0.10 | (5.48) | 0.21 | 1.34 | 2.74 | |||
| UQA | 0.37 | 0.11 | 0.07 | 1.50 | 0.14 | 0.87 | 2.44 | |||
| SBMO | 0.99 | 0.30 | 0.17 | 8.91 | 0.81 | 2.39 | 9.91 | |||
| BKS | 0.18 | 0.02 | (0.07) | (0.12) | 0.25 | 0.62 | 1.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Unilever 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.Did you try this?
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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.
| Graeme Pitkethly | CFO Director | Profile | |
| Julian Thurston | Head Secretariat | Profile | |
| Sanjiv Mehta | Pres Asia | Profile | |
| Alan Jope | CEO Director | Profile | |
| Nitin Paranjpe | Chief Officer | Profile | |
| LLB JD | Chief Sec | Profile | |
| Richard Williams | Head Relations | Profile |
Already Invested in Unilever PLC?
The danger of trading Unilever PLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Unilever PLC is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Unilever PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Unilever PLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unilever PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Unilever Stock analysis
When running Unilever PLC's price analysis, check to measure Unilever PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Unilever PLC is operating at the current time. Most of Unilever PLC's value examination focuses on studying past and present price action to predict the probability of Unilever PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unilever PLC's price. Additionally, you may evaluate how the addition of Unilever PLC to your portfolios can decrease your overall portfolio volatility.
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