Hawesko Holding Correlations
| HAW Stock | EUR 24.00 0.50 2.04% |
The current 90-days correlation between Hawesko Holding AG and WT OFFSHORE is -0.1 (i.e., Good diversification). The correlation of Hawesko Holding 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.
Hawesko Holding Correlation With Market
Good diversification
The correlation between Hawesko Holding AG and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hawesko Holding AG and DJI in the same portfolio, assuming nothing else is changed.
Hawesko |
The ability to find closely correlated positions to Hawesko Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hawesko Holding 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 Hawesko Holding - 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 Hawesko Holding AG to buy it.
Moving together with Hawesko Stock
| 0.63 | GUIA | Diageo plc | PairCorr |
| 0.85 | CB1A | Constellation Brands | PairCorr |
| 0.76 | BF5B | Brown Forman | PairCorr |
| 0.82 | 6BE | BECLE SAB DE | PairCorr |
| 0.63 | BED | Marie Brizard Wine | PairCorr |
Moving against Hawesko Stock
| 0.74 | ICK | Industrial and Commercial Earnings Call Tomorrow | PairCorr |
| 0.71 | ICKB | INDCOMMBK CHINA ADR20 Earnings Call Tomorrow | PairCorr |
| 0.7 | GOC | Star Diamond Earnings Call Today | PairCorr |
| 0.68 | AHC | Hess Corp | PairCorr |
| 0.63 | VOL3 | VOLVO -A- | PairCorr |
| 0.6 | C6TB | CHINA BANK ADR20 Earnings Call This Week | PairCorr |
| 0.6 | RUZ | Universal Entertainment | PairCorr |
| 0.53 | KONN | Komercn banka as | PairCorr |
| 0.52 | SNK | Sankyu Inc | PairCorr |
| 0.5 | HUKI | HUHTAMAKI | PairCorr |
| 0.49 | GIS | General Mills | PairCorr |
| 0.48 | 4FK | Fukuoka Financial | PairCorr |
| 0.44 | RHM | Rheinmetall AG | PairCorr |
| 0.42 | 5EE | MEBUKI FINANCIAL | PairCorr |
| 0.37 | 2WGA | WOORI FIN GRP | PairCorr |
| 0.35 | ROI | Rosenbauer International | PairCorr |
| 0.85 | 4QH | VINCO FINANCIAL GRP | PairCorr |
| 0.77 | E908 | Lyxor 1 | PairCorr |
| 0.72 | TLLB | Trelleborg AB | PairCorr |
| 0.72 | NMM | Newmont | PairCorr |
| 0.7 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.66 | 14D | tokentus investment | PairCorr |
| 0.66 | HCW | Welltower | PairCorr |
| 0.63 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.63 | 6BW | BW ENERGY LTD | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hawesko Stock performing well and Hawesko Holding 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 Hawesko Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FR7 | 1.32 | (0.24) | 0.00 | 1.77 | 0.00 | 2.20 | 9.28 | |||
| UWV | 2.90 | (0.02) | 0.00 | (0.09) | 0.00 | 6.21 | 24.40 | |||
| FOO0 | 1.97 | (0.45) | 0.00 | 2.57 | 0.00 | 4.49 | 10.92 | |||
| BUI | 1.93 | (0.29) | 0.00 | (0.72) | 0.00 | 3.68 | 16.59 | |||
| MNL | 1.69 | (0.01) | 0.04 | (0.04) | 1.86 | 3.23 | 8.33 | |||
| BOQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VEFW | 0.68 | (0.13) | 0.00 | (0.49) | 0.00 | 1.25 | 3.73 | |||
| CTO | 1.10 | (0.17) | 0.00 | (0.71) | 0.00 | 2.10 | 10.70 |