Booking Holdings Correlations

Stocks . Brazil . 
Stock . Booking Holdings
BKNG34 Stock  BRL 171.29  2.86  1.64%   
The current 90-days correlation between Booking Holdings and Verizon Communications is 0.2 (i.e., Modest diversification). The correlation of Booking Holdings 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.

Booking Holdings Correlation With Market

Average diversification

The correlation between Booking Holdings and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Booking Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Booking Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Booking Holdings 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 Booking Holdings - 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 Booking Holdings to buy it.

Moving together with Booking Stock

  0.98R1CL34 Royal Caribbean CruisesPairCorr
  0.97EXGR34 Expedia GroupPairCorr
  0.98C1CL34 Carnival plcPairCorr
  0.96N1CL34 Norwegian Cruise LinePairCorr
  0.96P2LT34 Palantir TechnologiesPairCorr
  0.75MAPT4 Cemepe InvestimentosPairCorr
  0.94WALM34 WalmartPairCorr
  0.97VISA34 Visa IncPairCorr
  0.89TSLA34 Tesla IncPairCorr
  0.76ACNB34 Accenture plcPairCorr
  0.89A1VB34 AvalonBay CommunitiesPairCorr
  0.84CTKA3 Karsten SAPairCorr
  0.93AMZO34 Amazon IncPairCorr
  0.79TSMC34 Taiwan SemiconductorPairCorr
  0.97CAON34 Capital One FinancialPairCorr
  0.82MSFT34 MicrosoftPairCorr
  0.66A1VY34 A1VY34PairCorr
  0.83AAPL34 Apple IncPairCorr
  0.92GGBR3 Gerdau SAPairCorr
  0.95HONB34 Honeywell InternationalPairCorr
  0.94COWC34 Costco WholesalePairCorr
  0.95MSBR34 Morgan StanleyPairCorr
  0.79PSSA3 Porto Seguro SAPairCorr

Moving against Booking Stock

  0.59ESTR4 Manufatura de BrinquedosPairCorr
  0.51PDGR3 PDG Realty SA SplitPairCorr
  0.48OSXB3 OSX Brasil SAPairCorr

Related Correlations Analysis

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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   
EAIN34
+ 0.87
P1EA34
EAIN34
+ 0.86
T2DH34
T2DH34
+ 0.83
VERZ34
LEVE3
+ 0.77
G2DI33
NORD3
+ 0.75
G2DI33
NORD3
+ 0.73
LEVE3
  
High negative correlations   
EAIN34
- 0.87
LEVE3
T2DH34
- 0.83
LEVE3
EAIN34
- 0.8
NORD3
NORD3
- 0.78
P1EA34
VERZ34
- 0.75
LEVE3
LEVE3
- 0.69
P1EA34

Risk-Adjusted Indicators

There is a big difference between Booking Stock performing well and Booking Holdings 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 Booking Holdings' 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 Booking Holdings 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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Booking Holdings Corporate Management

Elected by the shareholders, the Booking Holdings' board of directors comprises two types of representatives: Booking Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Booking. The board's role is to monitor Booking Holdings' management team and ensure that shareholders' interests are well served. Booking Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Booking Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert MylodChairman of the BoardProfile
Anthony CaliVPProfile
Paulo PisanoEx HRProfile
Lynn VojvodichIndependent DirectorProfile
Peter MillonesExecutive Vice President General CounselProfile
Susana DEmicChief VPProfile
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