Hugo Boss Correlations

BOSS Stock

EUR 36.66 0.32 0.88%

The current 90-days correlation between Hugo Boss AG and INTERCONT HOTELS is 0.13 (i.e., Average diversification). The correlation of Hugo Boss 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.

Hugo Boss Correlation With Market

Excellent diversification

The correlation between Hugo Boss AG and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hugo Boss AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Hugo Stock

0.75	1SZ0	Santacruz Silver Mining Split	Pair Corr
0.67	43C	CACTUS INC CLA	Pair Corr
0.66	LFL0	LATAM Airlines Group	Pair Corr
0.62	IRV	Integra Resources Corp	Pair Corr
0.58	UTDI	UNITED INTERNET N	Pair Corr
0.57	HBC1	HSBC Holdings plc	Pair Corr
0.55	BSA	Banco Santander Chile	Pair Corr
0.54	ALV	Allianz SE	Pair Corr
0.53	TGE1	MOBILEZONE N	Pair Corr
0.53	1KT	Keysight Technologies	Pair Corr
0.52	HIUC	China Taiping Insurance	Pair Corr
0.51	6GAA	Grupo Aval Acciones	Pair Corr
0.51	G4RA	Banco de Chile	Pair Corr
0.49	HKT	HK Electric Investments	Pair Corr
0.46	D9W	Designer Brands	Pair Corr
0.37	ZNHH	China Southern Airlines	Pair Corr
0.35	3YC	STV GROUP PLC	Pair Corr
0.34	7YC	Synthomer plc	Pair Corr
0.32	GPT	Genuine Parts Earnings Call This Week	Pair Corr
0.73	K34	Konecranes Plc	Pair Corr
0.7	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.7	BSI	BE Semiconductor Ind Earnings Call This Week	Pair Corr
0.68	ASME	ASML Holding NV	Pair Corr
0.66	10N	Enter Air SA	Pair Corr
0.62	485B	Amcor PLC Split	Pair Corr
0.62	SII	Wheaton Precious Metals	Pair Corr
0.61	SKNB	Skanska AB	Pair Corr

Related Correlations Analysis

	N3IA	IC1B	ACR	94P	8SP	DVDG	INL	VOW	BTC1	RRU
N3IA		-0.52	-0.29	-0.35	0.08	-0.69	-0.64	-0.75	0.51	-0.61	N3IA
IC1B	-0.52		0.81	0.29	0.2	0.61	0.34	0.56	-0.49	0.48	IC1B
ACR	-0.29	0.81		0.15	0.24	0.56	0.2	0.34	-0.55	0.38	ACR
94P	-0.35	0.29	0.15		0.03	0.14	0.15	0.51	-0.17	-0.05	94P
8SP	0.08	0.2	0.24	0.03		0.3	0.36	-0.18	-0.03	0.33	8SP
DVDG	-0.69	0.61	0.56	0.14	0.3		0.83	0.53	-0.75	0.77	DVDG
INL	-0.64	0.34	0.2	0.15	0.36	0.83		0.42	-0.45	0.76	INL
VOW	-0.75	0.56	0.34	0.51	-0.18	0.53	0.42		-0.34	0.51	VOW
BTC1	0.51	-0.49	-0.55	-0.17	-0.03	-0.75	-0.45	-0.34		-0.28	BTC1
RRU	-0.61	0.48	0.38	-0.05	0.33	0.77	0.76	0.51	-0.28		RRU
	N3IA	IC1B	ACR	94P	8SP	DVDG	INL	VOW	BTC1	RRU

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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

INL	+ 0.83	DVDG
ACR	+ 0.81	IC1B
RRU	+ 0.77	DVDG
RRU	+ 0.76	INL
DVDG	+ 0.61	IC1B
VOW	+ 0.56	IC1B

High negative correlations

BTC1	- 0.75	DVDG
VOW	- 0.75	N3IA
DVDG	- 0.69	N3IA
INL	- 0.64	N3IA
RRU	- 0.61	N3IA
BTC1	- 0.55	ACR

Risk-Adjusted Indicators

There is a big difference between Hugo Stock performing well and Hugo Boss 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 Hugo Boss' 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
N3IA	2.72	(0.47)	0.00	(1.64)	0.00	0.00	6.72	(5.75)	17.49
IC1B	1.50	0.18	0.07	7.44	1.37	(2.09)	3.67	(2.63)	8.03
ACR	0.93	0.11	0.05	0.48	0.97	(0.93)	2.34	(1.70)	4.81
94P	1.79	0.06	0.01	0.32	2.08	(1.99)	3.44	(3.49)	11.80
8SP	1.54	(0.04)	(0.01)	0.02	3.73	(1.68)	4.67	(2.27)	21.96
DVDG	0.46	0.15	0.16	0.75	0.32	(0.53)	1.00	(0.65)	3.06
INL	3.13	0.35	0.08	0.33	4.12	(3.19)	8.76	(5.60)	24.14
VOW	0.66	0.15	0.06	(1.29)	0.70	(1.15)	2.02	(1.19)	6.95
BTC1	2.30	(0.62)	0.00	(0.79)	0.00	0.00	3.98	(5.63)	14.40
RRU	1.89	0.18	0.06	0.63	2.00	(1.98)	3.53	(3.25)	9.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hugo Boss 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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Hugo Boss Corporate Management

Elected by the shareholders, the Hugo Boss' board of directors comprises two types of representatives: Hugo Boss inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hugo. The board's role is to monitor Hugo Boss' management team and ensure that shareholders' interests are well served. Hugo Boss' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hugo Boss' outside directors are responsible for providing unbiased perspectives on the board's policies.

Daniel Grieder	Chairman CEO	Profile
Christian Stohr	Senior Relations	Profile
Carolin Westermann	Senior Communications	Profile
Gareth Incledon	CEO Region	Profile
Yves Muller	COO, CFO	Profile
Ivica Maric	Executive Operations	Profile
Oliver Timm	Chief Board	Profile

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