United Breweries Correlations

Stocks . Germany . 
Stock . United Breweries Co
CVU Stock   11.00  0.40  3.77%   
The current 90-days correlation between United Breweries and Apple Inc is 0.13 (i.e., Average diversification). The correlation of United Breweries 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.

United Breweries Correlation With Market

Average diversification

The correlation between United Breweries Co and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Breweries Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to United Breweries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Breweries 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 United Breweries - 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 United Breweries Co to buy it.

Moving together with United Stock

  0.87APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.8MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.75WX7 Corporate Office ProPairCorr
  0.730XHR Xenia Hotels ResortsPairCorr
  0.692CDA Controladora Vuela CompaaPairCorr
  0.67TSFA Taiwan SemiconductorPairCorr
  0.71EN3 EnbridgePairCorr
  0.67WD5A TRAVEL LEISURE DLPairCorr
  0.642T9A TRAINLINE PLC LSPairCorr
  0.68KOMA KOMATSU LTD SPONSPairCorr
  0.8MSF MicrosoftPairCorr
  0.63NGLD ANGLO AMERICAN SPADRPairCorr
  0.72LIE Sun Life FinancialPairCorr
  0.79C6TB CHINA BANK ADR20PairCorr
  0.88AZ5 AutoZonePairCorr

Moving against United Stock

  0.66SSU Samsung ElectronicsPairCorr
  0.64SSU Samsung ElectronicsPairCorr
  0.63SSUN Samsung ElectronicsPairCorr
  0.61SSUN Samsung ElectronicsPairCorr
  0.46TCID Telkom Indonesia TbkPairCorr
  0.43TCID Telkom Indonesia TbkPairCorr
  0.4PTI Perusahaan PerseroanPairCorr
  0.36TCID Telkom Indonesia TbkPairCorr
  0.58TCID Telkom Indonesia TbkPairCorr
  0.42AXI Atos SEPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Breweries 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 United Breweries' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.90  0.23  0.18  1.20  0.93 
(1.00)
 1.81 
(1.75)
 4.97 
APC  0.84  0.26  0.19  0.93  0.98 
(0.92)
 1.88 
(1.73)
 5.24 
APC  0.85  0.23  0.19  0.68  0.86 
(0.94)
 2.06 
(1.76)
 4.50 
APC  0.92  0.24  0.16  20.15  1.07 
(0.97)
 2.22 
(1.83)
 6.45 
APC  0.91  0.23  0.20  5.09  0.79 
(1.06)
 2.33 
(1.69)
 5.24 
APC  0.85  0.25  0.20  1.43  0.99 
(0.96)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.11  0.07  0.58  1.24 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.04  0.09  0.05  1.34  1.36 
(1.18)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.11  0.06  1.06  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.93  0.09  0.04 (9.07) 1.35 
(1.02)
 2.04 
(1.49)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in United Breweries 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?

Run Crypto Correlations Now

   

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY