Kraft Heinz Correlations

KHC
 Stock
  

USD 39.42  0.72  1.79%   

The correlation of Kraft Heinz is a statistical measure of how it moves in relation to other equities. 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 Kraft Heinz moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kraft Heinz Co 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.
Please see Correlation Analysis.
  
The ability to find closely correlated positions to Kraft Heinz could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kraft Heinz 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 Kraft Heinz - 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 Kraft Heinz Co to buy it.

Moving together with Kraft Heinz

+0.86ADMArcher-Daniels-MidlandPairCorr
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+0.82CCEPCoca-Cola EuropeanPairCorr
+0.89CPBCampbell Soup Earnings Call TomorrowPairCorr
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+0.84FMXFomento EconomicoPairCorr
+0.74GISGeneral Mills Sell-off TrendPairCorr
+0.67HRLHormel Foods Fiscal Year End 8th of December 2022 PairCorr
+0.72HSYHersheyPairCorr
+0.89INGRIngredion IncorporatedPairCorr
+0.62KDPKeurig Dr PepperPairCorr

Moving against Kraft Heinz

-0.77FTFTFuture Fintech GroupPairCorr
-0.6BRFSBRF SA ADRPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
URIDOV
BACJPM
JPMDOV
JPMURI
JNJJPM
DOVARMK
  
High negative correlations   
DISJNJ
DISURI
DISJPM
DISDOV
BACDIS
DISARMK

Kraft Heinz Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Kraft Stock performing well and Kraft Heinz company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Kraft Heinz's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ARMK 1.72  0.17  0.10  0.21  1.73  0.08 (1.98)  3.66 (3.26)  10.29 
DOV 1.45  0.07  0.05  0.14  1.53  0.0404 (1.56)  3.61 (2.25)  8.04 
URI 2.04  0.19  0.09  0.20  2.26  0.09 (2.16)  4.25 (3.62)  11.76 
JPM 1.54  0.15  0.10  0.21  1.40  0.08 (1.67)  4.20 (2.80)  7.57 
AXP 1.75 (0.02)  0.00  0.05  1.77 (0.0013) (2.14)  3.88 (3.11)  8.22 
JNJ 0.78  0.10  0.05  0.36  0.94  0.05 (0.79)  1.58 (1.57)  5.18 
DIS 2.06 (0.31)  0.00 (0.15)  0.00 (0.1)  0.00  4.28 (3.52)  17.60 
AA 3.76 (0.10)  0.00  0.03  4.20 (0.0035) (4.49)  7.74 (7.61)  18.72 
BAC 1.60 (0.02)  0.00  0.05  1.82 (0.0026) (1.68)  4.14 (2.89)  9.00 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kraft Heinz 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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Kraft Heinz Corporate Directors

Kraft Heinz corporate directors refer to members of a Kraft Heinz board of directors. The board of directors generally takes responsibility for the Kraft Heinz's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Kraft Heinz's board members must vote for the resolution. The Kraft Heinz board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Invested in Kraft Heinz Co?

The danger of trading Kraft Heinz Co 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 Kraft Heinz 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 Kraft Heinz. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kraft Heinz 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.
Please see Correlation Analysis. Note that the Kraft Heinz information on this page should be used as a complementary analysis to other Kraft Heinz's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Kraft Heinz price analysis, check to measure Kraft Heinz'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 Kraft Heinz is operating at the current time. Most of Kraft Heinz's value examination focuses on studying past and present price action to predict the probability of Kraft Heinz's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Kraft Heinz's price. Additionally, you may evaluate how the addition of Kraft Heinz to your portfolios can decrease your overall portfolio volatility.
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Is Kraft Heinz's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kraft Heinz. If investors know Kraft will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kraft Heinz listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.41) 
Market Capitalization
48.6 B
Quarterly Revenue Growth YOY
0.029
Return On Assets
0.0334
Return On Equity
0.0249
The market value of Kraft Heinz is measured differently than its book value, which is the value of Kraft that is recorded on the company's balance sheet. Investors also form their own opinion of Kraft Heinz's value that differs from its market value or its book value, called intrinsic value, which is Kraft Heinz's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kraft Heinz's market value can be influenced by many factors that don't directly affect Kraft Heinz's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kraft Heinz's value and its price as these two are different measures arrived at by different means. Investors typically determine Kraft Heinz value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kraft Heinz's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.