Haw ParLimited Correlations

HAWPF Stock

USD 8.00 0.00 0.00%

The current 90-days correlation between Haw ParLimited and Organon Co is -0.16 (i.e., Good diversification). The correlation of Haw ParLimited 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.

Haw ParLimited Correlation With Market

Significant diversification

The correlation between Haw Par and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Haw Par and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Haw Pink Sheet

0.61

ORCL

Oracle

Pair Corr

Moving against Haw Pink Sheet

0.58	RHHBY	Roche Holding	Pair Corr
0.52	AZNCF	AstraZeneca PLC Earnings Call This Week	Pair Corr
0.52	AZN	AstraZeneca PLC ADR Earnings Call This Week	Pair Corr
0.47	RHHVF	Roche Holding AG	Pair Corr
0.4	MNPR	Monopar Therapeutics	Pair Corr
0.47	MMM	3M Company	Pair Corr
0.41	DNA	Ginkgo Bioworks Holdings Upward Rally	Pair Corr
0.35	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	OGN	GILD	ABBV	LLY	JNJ	PFE	NVS	GSK	AMGN	MRK
OGN		-0.26	0.6	0.58	0.61	0.71	0.69	0.66	0.65	0.44	OGN
GILD	-0.26		0.0	-0.05	-0.35	-0.01	-0.35	-0.11	-0.2	-0.2	GILD
ABBV	0.6	0.0		0.54	0.6	0.61	0.62	0.71	0.71	0.56	ABBV
LLY	0.58	-0.05	0.54		0.58	0.62	0.68	0.82	0.55	0.69	LLY
JNJ	0.61	-0.35	0.6	0.58		0.34	0.94	0.78	0.88	0.42	JNJ
PFE	0.71	-0.01	0.61	0.62	0.34		0.51	0.65	0.46	0.45	PFE
NVS	0.69	-0.35	0.62	0.68	0.94	0.51		0.83	0.9	0.48	NVS
GSK	0.66	-0.11	0.71	0.82	0.78	0.65	0.83		0.8	0.57	GSK
AMGN	0.65	-0.2	0.71	0.55	0.88	0.46	0.9	0.8		0.36	AMGN
MRK	0.44	-0.2	0.56	0.69	0.42	0.45	0.48	0.57	0.36		MRK
	OGN	GILD	ABBV	LLY	JNJ	PFE	NVS	GSK	AMGN	MRK

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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

NVS	+ 0.94	JNJ
AMGN	+ 0.9	NVS
AMGN	+ 0.88	JNJ
GSK	+ 0.83	NVS
GSK	+ 0.82	LLY
AMGN	+ 0.8	GSK

High negative correlations

NVS	- 0.35	GILD
JNJ	- 0.35	GILD
GILD	- 0.26	OGN
MRK	- 0.2	GILD
AMGN	- 0.2	GILD
GSK	- 0.11	GILD

Risk-Adjusted Indicators

There is a big difference between Haw Pink Sheet performing well and Haw ParLimited 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 Haw ParLimited'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
OGN	1.74	(0.09)	0.00	(0.52)	0.00	0.00	3.40	(3.79)	11.08
GILD	1.00	0.12	0.04	0.50	1.35	(0.96)	1.94	(2.23)	10.79
ABBV	1.23	(0.09)	0.00	(0.39)	0.00	0.00	2.37	(1.98)	18.93
LLY	1.60	(0.14)	0.00	(0.26)	0.00	0.00	3.25	(4.21)	11.14
JNJ	0.81	(0.15)	0.00	(0.54)	0.00	0.00	1.78	(1.74)	5.78
PFE	1.17	(0.04)	0.00	1.74	0.00	0.00	2.06	(2.25)	7.04
NVS	0.88	(0.14)	0.00	(0.56)	0.00	0.00	1.77	(2.29)	6.03
GSK	1.13	(0.11)	0.00	(0.27)	0.00	0.00	2.14	(2.17)	6.27
AMGN	1.10	(0.20)	0.00	(0.23)	0.00	0.00	1.85	(2.70)	8.60
MRK	1.03	(0.11)	0.00	(0.43)	0.00	0.00	2.00	(2.13)	5.24

Be your own money manager

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

Meng Kwek	Regional General Manager of Underwater World Singapore Pte Ltd / Haw Par Leisure Pte Ltd	Profile
Kun Chiew	Group Sec	Profile
Say Chow	Group Finance Controller	Profile
Mui Kow	Senior Manager-Quality & Regulatory Affairs of Healthcare	Profile
Tang Lee	Mang Communications	Profile
Tang Chow	Human Director	Profile

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