HUTCHMED Correlations

Stocks Germany . 
Stock . HUTCHMED LS 1
H7T2 Stock  EUR 2.76  0.06  2.22%   
The current 90-days correlation between HUTCHMED LS 1 and Eagle Materials is 0.09 (i.e., Significant diversification). The correlation of HUTCHMED 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.

HUTCHMED Correlation With Market

Significant diversification

The correlation between HUTCHMED LS 1 and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HUTCHMED LS 1 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to HUTCHMED could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HUTCHMED 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 HUTCHMED - 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 HUTCHMED LS 1 to buy it.

Moving together with HUTCHMED Stock

  0.73CSJA CSL LTD SPONADRPairCorr
  0.73CSJ CSL LimitedPairCorr
  0.61AXI Atos SEPairCorr

Moving against HUTCHMED Stock

  0.72BFP BBVA Banco FrancesPairCorr
  0.68TM2 Sydbank ASPairCorr
  0.5792I ROMERIKE SPAREBANKPairCorr
  0.55F3 JINS HOLDINGS INCPairCorr
  0.7PTX Palantir TechnologiesPairCorr
  0.652WY Wyndham Hotels ResortsPairCorr
  0.61UFH US FOODS HOLDINGPairCorr
  0.61D4G Datametrex AI LimitedPairCorr
  0.6QAN Qantas AirwaysPairCorr
  0.54C6TB CHINA BANK ADR20PairCorr
  0.49NT4 Northern TrustPairCorr
  0.49AF4 HANOVER INSURANCEPairCorr
  0.474GE Grupo Mxico SABPairCorr
  0.47PNP PNC FinancialPairCorr
  0.41WX1 Acadia Realty TrustPairCorr
  0.39D2V PARKEN Sport EntertaPairCorr
  0.36FFH Fifth Third BancorpPairCorr
  0.32AQHE Event HospitalityPairCorr
  0.72T9A TRAINLINE PLC LSPairCorr
  0.69VAI Vail ResortsPairCorr
  0.62PPB Flutter Entertainment PLCPairCorr
  0.61APC Apple IncPairCorr

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   
VMC
+ 1.0
VMC
E5M
+ 0.98
E5M
VMC
+ 0.85
GTR
VMC
+ 0.84
GTR
3GX
+ 0.83
GTR
3GX
+ 0.69
VMC
  
High negative correlations   
AP2
- 0.62
VMC
AP2
- 0.62
VMC
AP2
- 0.5
3GX
AP2
- 0.45
GTR
AP2
- 0.04
E5M
AP2
- 0.03
E5M

Risk-Adjusted Indicators

There is a big difference between HUTCHMED Stock performing well and HUTCHMED 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 HUTCHMED'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.

Be your own money manager

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

Elected by the shareholders, the HUTCHMED's board of directors comprises two types of representatives: HUTCHMED inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HUTCHMED. The board's role is to monitor HUTCHMED's management team and ensure that shareholders' interests are well served. HUTCHMED'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, HUTCHMED's outside directors are responsible for providing unbiased perspectives on the board's policies.
Edith ShihCompany Secretary, Non-Executive DirectorProfile
May WangSenior Vice President - business development & strategic alliancesProfile
Mark LeeSenior Vice President - Corporate Finance & DevelopmentProfile
Karen FerranteIndependent Non-Executive DirectorProfile
Weiguo SuChief Scientific Officer, Executive DirectorProfile
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