Hasbro Correlations

HAS Stock

USD 89.41 0.73 0.82%

The current 90-days correlation between Hasbro Inc and Mobileye Global Class is 0.21 (i.e., Modest diversification). The correlation of Hasbro 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.

Hasbro Correlation With Market

Very poor diversification

The correlation between Hasbro Inc and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hasbro Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hasbro Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hasbro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Hasbro Stock

0.9	MAT	Mattel Inc	Pair Corr
0.63	605299	Shuhua Sports	Pair Corr
0.72	300247	Youngy Health	Pair Corr
0.84	002899	Impulse Qingdao Health	Pair Corr
0.83	PPERF	Bank Mandiri Persero	Pair Corr
0.69	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	EC	Ecopetrol SA ADR	Pair Corr
0.73	PTAIY	Astra International Tbk	Pair Corr
0.63	CAAS	China Automotive Systems	Pair Corr
0.9	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.68	FELE	Franklin Electric	Pair Corr
0.88	DLX	Deluxe Earnings Call This Week	Pair Corr
0.82	KNYJF	KONE Oyj	Pair Corr
0.9	NHYDY	Norsk Hydro ASA	Pair Corr
0.69	KB	KB Financial Group	Pair Corr
0.92	MGPUF	MG Plc	Pair Corr
0.84	RTO	Rentokil Initial PLC	Pair Corr
0.9	FNV	Franco Nevada	Pair Corr
0.79	TSGZF	Tristar Gold	Pair Corr
0.9	DHC	Diversified Healthcare	Pair Corr

Moving against Hasbro Stock

0.68	PTON	Peloton Interactive	Pair Corr
0.31	300756	Guangdong Jinma Ente	Pair Corr
0.74	AFFL	Affiliated Resources Corp	Pair Corr
0.64	PKKFF	Tenet Fintech Group	Pair Corr
0.58	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	MBLY	QS	PAG	TXRH	CCK	GME	NCLH	PLNT	CART	SCI
MBLY		0.81	-0.29	-0.34	-0.53	0.22	-0.05	-0.45	-0.57	0.35	MBLY
QS	0.81		-0.45	-0.57	-0.6	0.24	-0.21	-0.42	-0.63	0.32	QS
PAG	-0.29	-0.45		0.32	0.32	0.26	0.47	0.31	0.6	-0.18	PAG
TXRH	-0.34	-0.57	0.32		0.61	0.06	0.42	-0.27	-0.05	0.42	TXRH
CCK	-0.53	-0.6	0.32	0.61		-0.1	0.66	0.04	0.29	0.15	CCK
GME	0.22	0.24	0.26	0.06	-0.1		0.08	-0.33	-0.15	0.08	GME
NCLH	-0.05	-0.21	0.47	0.42	0.66	0.08		-0.19	0.22	0.32	NCLH
PLNT	-0.45	-0.42	0.31	-0.27	0.04	-0.33	-0.19		0.76	-0.79	PLNT
CART	-0.57	-0.63	0.6	-0.05	0.29	-0.15	0.22	0.76		-0.72	CART
SCI	0.35	0.32	-0.18	0.42	0.15	0.08	0.32	-0.79	-0.72		SCI
	MBLY	QS	PAG	TXRH	CCK	GME	NCLH	PLNT	CART	SCI

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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

QS	+ 0.81	MBLY
CART	+ 0.76	PLNT
NCLH	+ 0.66	CCK
CCK	+ 0.61	TXRH
CART	+ 0.6	PAG
NCLH	+ 0.47	PAG

High negative correlations

SCI	- 0.79	PLNT
SCI	- 0.72	CART
CART	- 0.63	QS
CCK	- 0.6	QS
TXRH	- 0.57	QS
CART	- 0.57	MBLY

Risk-Adjusted Indicators

There is a big difference between Hasbro Stock performing well and Hasbro 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 Hasbro'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
MBLY	2.40	(0.60)	0.00	(0.92)	0.00	0.00	3.57	(5.23)	15.74
QS	3.57	(0.49)	0.00	(0.14)	0.00	0.00	8.02	(7.74)	28.88
PAG	0.96	(0.13)	0.00	(0.09)	0.00	0.00	2.62	(2.38)	6.07
TXRH	1.36	0.03	0.00	0.12	1.48	(1.62)	2.78	(2.47)	8.07
CCK	1.18	0.03	0.00	0.12	1.53	(1.16)	2.35	(2.36)	6.71
GME	1.60	0.08	0.03	0.18	1.66	(1.96)	4.16	(3.00)	9.35
NCLH	2.01	(0.27)	0.00	(0.08)	0.00	0.00	5.34	(4.78)	16.18
PLNT	1.47	(0.05)	0.00	(5.50)	0.00	0.00	3.01	(3.30)	18.44
CART	1.77	(0.07)	0.00	(0.12)	0.00	0.00	3.91	(3.87)	11.01
SCI	0.84	(0.06)	0.00	(0.08)	0.00	0.00	1.77	(1.61)	7.10

Hasbro Corporate Management

Matthew Austin	Executive Officer	Profile
CFA IV	Vice Relations	Profile
Jason Bunge	Chief Officer	Profile
Roberta Thomson	Executive Officer	Profile
Timothy Kilpin	Licensing Toys	Profile
Stephanie Beal	Chief Officer	Profile

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