Holcim Correlations
| HCMLF Stock | USD 100.50 2.50 2.43% |
The current 90-days correlation between Holcim and HeidelbergCement AG is 0.06 (i.e., Significant diversification). The correlation of Holcim 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.
Holcim Correlation With Market
Poor diversification
The correlation between Holcim and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holcim and DJI in the same portfolio, assuming nothing else is changed.
Holcim |
The ability to find closely correlated positions to Holcim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Holcim 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 Holcim - 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 Holcim to buy it.
Moving together with Holcim Pink Sheet
| 0.61 | CRH | CRH PLC ADR | PairCorr |
| 0.71 | MLM | Martin Marietta Materials | PairCorr |
| 0.86 | HCMLY | Lafargeholcim ADR | PairCorr |
| 0.65 | AMRZ | Amrize | PairCorr |
| 0.64 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.63 | EC | Ecopetrol SA ADR | PairCorr |
| 0.72 | MUFG | Mitsubishi UFJ Financial Earnings Call This Week | PairCorr |
| 0.78 | WF | Woori Financial Group | PairCorr |
| 0.76 | CDEVY | City Developments | PairCorr |
| 0.73 | AAVXF | ABIVAX Socit Anonyme | PairCorr |
| 0.75 | WONDF | WonderFi Technologies | PairCorr |
| 0.69 | BASFY | BASF SE ADR | PairCorr |
| 0.62 | TYIDF | Toyota Industries Corp Earnings Call Today | PairCorr |
| 0.73 | CDLR | Cadeler AS | PairCorr |
| 0.7 | ASML | ASML Holding NV | PairCorr |
| 0.78 | YZCHF | Yanzhou Coal Mining | PairCorr |
| 0.74 | TNSGF | Findev Inc | PairCorr |
| 0.79 | IVR | Invesco Mortgage Capital | PairCorr |
| 0.66 | SRRK | Scholar Rock Holding | PairCorr |
Moving against Holcim Pink Sheet
| 0.66 | VFSWW | VinFast Auto | PairCorr |
| 0.51 | AHCHF | Anhui Conch Cement | PairCorr |
| 0.69 | ENSV | Enservco | PairCorr |
| 0.38 | 50077LAD8 | KRAFT HEINZ FOODS | PairCorr |
Related Correlations Analysis
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 Holcim Pink Sheet performing well and Holcim 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 Holcim'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HLBZF | 3.49 | 0.32 | 0.07 | 0.34 | 4.02 | 8.12 | 17.86 | |||
| FSUGY | 1.36 | 0.10 | 0.04 | 0.19 | 1.80 | 3.05 | 9.16 | |||
| FSUMF | 1.06 | 0.15 | 0.05 | (3.24) | 1.28 | 3.32 | 8.37 | |||
| CMCLF | 3.70 | 0.65 | 0.13 | 2.86 | 4.08 | 8.58 | 25.40 | |||
| PTPIF | 3.46 | (1.75) | 0.00 | 5.13 | 0.00 | 0.00 | 115.96 | |||
| NGLOY | 1.52 | 0.28 | 0.15 | 0.27 | 1.65 | 3.36 | 7.58 | |||
| BFFAF | 1.27 | 0.13 | 0.04 | 0.40 | 1.26 | 6.07 | 11.12 | |||
| AAUKF | 1.96 | 0.49 | 0.12 | (3.54) | 2.03 | 5.62 | 14.94 | |||
| UCLQF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PTCAY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Holcim 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.Did you try this?
Run Bollinger Bands Now
Bollinger BandsUse Bollinger Bands indicator to analyze target price for a given investing horizon |
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Holcim Corporate Management
| Jocelyn Gerst | Head Communications | Profile | |
| Feliciano Munoz | Group HR | Profile | |
| Oliver Osswald | Member of the Executive Committee, Regional Head Central and South America | Profile | |
| Mathias Gaertner | Head Compliance | Profile | |
| Martin Kriegner | Member of the Executive Committee, Region Head India and South East Asia | Profile | |
| Jamie PE | Global Unit | Profile |