HEXPOL AB Correlations

4QT1 Stock

EUR 7.17 0.07 0.97%

The current 90-days correlation between HEXPOL AB and Abbott Laboratories is -0.21 (i.e., Very good diversification). The correlation of HEXPOL AB 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.

The ability to find closely correlated positions to HEXPOL AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HEXPOL AB 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 HEXPOL AB - 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 HEXPOL AB to buy it.

Moving together with HEXPOL Stock

0.72

DAP

DANAHER (DAPSG)

Pair Corr

Moving against HEXPOL Stock

0.68	AMG	Amgen Inc	Pair Corr
0.62	TOTB	TotalEnergies SE	Pair Corr
0.46	4I1	Philip Morris Intern	Pair Corr
0.44	W8V	BANK OF CHINA	Pair Corr
0.78	D4R	ROMIOS GOLD RES Split	Pair Corr
0.6	ENI	Eni SpA	Pair Corr
0.57	BAOA	Bastogi SpA	Pair Corr
0.54	TWSA	TKH Group NV	Pair Corr
0.54	BAS	BASF SE	Pair Corr
0.48	NQG	Monolithic Power Systems	Pair Corr
0.37	317A	STINGRAY GROUP INC	Pair Corr
0.31	SZL	SOLSTAD OFFSHORE	Pair Corr
0.83	SOBA	ATT Inc	Pair Corr
0.63	FOJ1	Premier Foods PLC	Pair Corr

Related Correlations Analysis

	ABL	DAP	6MK	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C
ABL		0.37	-0.61	-0.14	-0.79	-0.17	-0.84	-0.45	-0.81	0.29	ABL
DAP	0.37		0.03	0.06	-0.23	-0.23	-0.47	-0.37	-0.11	-0.18	DAP
6MK	-0.61	0.03		-0.34	0.8	0.12	0.77	0.62	0.8	-0.39	6MK
AMD	-0.14	0.06	-0.34		0.04	0.15	-0.06	-0.16	0.03	0.49	AMD
4I1	-0.79	-0.23	0.8	0.04		0.27	0.87	0.6	0.89	-0.1	4I1
W8V	-0.17	-0.23	0.12	0.15	0.27		0.29	0.38	0.12	0.42	W8V
TOTB	-0.84	-0.47	0.77	-0.06	0.87	0.29		0.72	0.77	-0.17	TOTB
AMG	-0.45	-0.37	0.62	-0.16	0.6	0.38	0.72		0.38	0.13	AMG
HBC1	-0.81	-0.11	0.8	0.03	0.89	0.12	0.77	0.38		-0.3	HBC1
HK2C	0.29	-0.18	-0.39	0.49	-0.1	0.42	-0.17	0.13	-0.3		HK2C
	ABL	DAP	6MK	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C

Please upgrade your account to get full access to Macroaxis premium features

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

HBC1	+ 0.89	4I1
TOTB	+ 0.87	4I1
4I1	+ 0.8	6MK
HBC1	+ 0.8	6MK
TOTB	+ 0.77	6MK
HBC1	+ 0.77	TOTB

High negative correlations

TOTB	- 0.84	ABL
HBC1	- 0.81	ABL
4I1	- 0.79	ABL
6MK	- 0.61	ABL
TOTB	- 0.47	DAP
AMG	- 0.45	ABL

Risk-Adjusted Indicators

There is a big difference between HEXPOL Stock performing well and HEXPOL AB 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 HEXPOL AB'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
ABL	1.09	(0.19)	0.00	2.39	0.00	0.00	1.91	(2.11)	14.56
DAP	1.16	(0.05)	0.00	(0.08)	0.00	0.00	2.14	(2.62)	7.27
6MK	1.37	0.51	0.27	4.34	1.15	(1.66)	3.42	(2.23)	8.72
AMD	2.86	(0.19)	0.00	(0.15)	0.00	0.00	6.33	(5.57)	24.55
4I1	1.17	0.30	0.16	3.35	1.19	(1.31)	2.89	(2.55)	7.67
W8V	1.60	0.11	0.01	(0.27)	2.81	(3.21)	2.08	(2.04)	24.03
TOTB	0.96	0.30	0.20	(4.19)	0.86	(1.07)	2.23	(1.62)	5.97
AMG	1.46	0.20	0.09	0.55	1.57	(1.52)	3.98	(2.86)	10.70
HBC1	1.12	0.21	0.11	0.48	1.30	(1.30)	2.99	(2.05)	8.75
HK2C	0.51	(0.11)	0.00	(0.43)	0.00	0.00	1.49	(1.47)	5.73

Be your own money manager

Our tools can tell you how much better you can do entering a position in HEXPOL AB 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 Money Flow Index Now

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators

All Next

Launch Module

HEXPOL AB Corporate Management

Elected by the shareholders, the HEXPOL AB's board of directors comprises two types of representatives: HEXPOL AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HEXPOL. The board's role is to monitor HEXPOL AB's management team and ensure that shareholders' interests are well served. HEXPOL AB'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, HEXPOL AB's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jan M	Hexpol Compounding	Profile
Jerry Saxion	Managing USA	Profile
Roger Jonsson	MD Lanka	Profile
Randy Simpson	Chief NAFTA	Profile
Magnus Berglund	Mergers Strategy	Profile
Kenneth Bloom	Interim Americas	Profile

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

2026 Macroaxis LLC