HAL Trust Correlations

HAL Stock

EUR 116.40 1.00 0.87%

The current 90-days correlation between HAL Trust and Pershing Square Holdings is 0.45 (i.e., Very weak diversification). The correlation of HAL Trust 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. If the correlation is 0, the equities are not correlated; they are entirely random.

HAL Trust Correlation With Market

Very weak diversification

The correlation between HAL Trust and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HAL Trust and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with HAL Stock

0.72	PSH	Pershing Square Holdings	Pair Corr
0.78	AZRN	Azerion Group NV	Pair Corr

Moving against HAL Stock

0.86	TFG	Tetragon Financial	Pair Corr
0.67	BGHL	Boussard and Gavaudan	Pair Corr
0.66	REINA	Reinet Investments SCA	Pair Corr
0.58	LVIDE	Lavide Holding NV	Pair Corr

Related Correlations Analysis

	PSHZF	UMG	MAGU	AALB	VALUE	TSWE	CSPX	DHYE	VUSA	ECMPA
PSHZF		0.07	-0.62	0.39	-0.1	-0.26	-0.43	-0.56	-0.44	0.5	PSHZF
UMG	0.07		0.07	-0.02	0.25	0.21	0.05	-0.08	0.05	0.11	UMG
MAGU	-0.62	0.07		-0.21	0.27	0.83	0.91	0.91	0.91	-0.59	MAGU
AALB	0.39	-0.02	-0.21		-0.06	0.1	-0.08	-0.14	-0.09	0.25	AALB
VALUE	-0.1	0.25	0.27	-0.06		0.25	0.23	0.21	0.23	-0.27	VALUE
TSWE	-0.26	0.21	0.83	0.1	0.25		0.93	0.87	0.93	-0.38	TSWE
CSPX	-0.43	0.05	0.91	-0.08	0.23	0.93		0.96	1.0	-0.59	CSPX
DHYE	-0.56	-0.08	0.91	-0.14	0.21	0.87	0.96		0.97	-0.58	DHYE
VUSA	-0.44	0.05	0.91	-0.09	0.23	0.93	1.0	0.97		-0.59	VUSA
ECMPA	0.5	0.11	-0.59	0.25	-0.27	-0.38	-0.59	-0.58	-0.59		ECMPA
	PSHZF	UMG	MAGU	AALB	VALUE	TSWE	CSPX	DHYE	VUSA	ECMPA

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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

VUSA	+ 1.0	CSPX
VUSA	+ 0.97	DHYE
DHYE	+ 0.96	CSPX
CSPX	+ 0.93	TSWE
VUSA	+ 0.93	TSWE
CSPX	+ 0.91	MAGU

High negative correlations

MAGU	- 0.62	PSHZF
ECMPA	- 0.59	VUSA
ECMPA	- 0.59	CSPX
ECMPA	- 0.59	MAGU
ECMPA	- 0.58	DHYE
DHYE	- 0.56	PSHZF

Risk-Adjusted Indicators

There is a big difference between HAL Stock performing well and HAL Trust 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 HAL Trust'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
PSHZF	1.00	(0.18)	0.00	(0.05)	0.00	0.00	1.92	(2.13)	4.92
UMG	1.02	(0.07)	0.00	(0.12)	0.00	0.00	2.37	(1.87)	5.34
MAGU	0.22	0.12	0.00	(0.76)	0.00	0.00	0.87	0.00	2.87
AALB	1.22	(0.11)	0.00	(0.06)	0.00	0.00	2.91	(1.99)	9.89
VALUE	1.18	0.00	(0.05)	0.15	1.38	(1.97)	3.45	(2.67)	8.46
TSWE	0.48	0.03	(0.04)	0.17	0.42	(0.52)	1.25	(1.06)	2.74
CSPX	0.61	0.10	0.10	0.25	0.41	(0.69)	1.24	(1.16)	5.42
DHYE	0.27	0.09	0.03	0.46	0.00	(0.40)	0.71	(0.36)	2.37
VUSA	0.60	0.10	0.10	0.25	0.42	(0.69)	1.21	(1.20)	5.49
ECMPA	0.83	(0.07)	0.00	(0.10)	0.00	0.00	1.49	(1.58)	4.53

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Our tools can tell you how much better you can do entering a position in HAL Trust 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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