Hellenic Exchanges Correlations

HEHSF Stock

USD 7.43 0.45 6.45%

The current 90-days correlation between Hellenic Exchanges and Oversea Chinese Banking is -0.1 (i.e., Good diversification). The correlation of Hellenic Exchanges 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.

Hellenic Exchanges Correlation With Market

Modest diversification

The correlation between Hellenic Exchanges and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hellenic Exchanges and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Hellenic Pink Sheet

0.37	PBCRY	Bank Central Asia	Pair Corr
0.32	BKRKF	PT Bank Rakyat Earnings Call Today	Pair Corr
0.72	ALL	Allstate	Pair Corr
0.34	AMPH	Amphastar P	Pair Corr

Related Correlations Analysis

	HKXCY	ERNXY	LLDTF	PBCRY	RBSPF	DBOEY	DBOEF	OVCHF
HKXCY		-0.14	0.34	-0.2	0.15	-0.55	-0.55	0.12	HKXCY
ERNXY	-0.14		-0.5	0.6	-0.55	0.22	0.25	-0.58	ERNXY
LLDTF	0.34	-0.5		-0.82	0.7	-0.07	-0.11	0.74	LLDTF
PBCRY	-0.2	0.6	-0.82		-0.79	-0.04	0.02	-0.89	PBCRY
RBSPF	0.15	-0.55	0.7	-0.79		0.2	0.09	0.74	RBSPF
DBOEY	-0.55	0.22	-0.07	-0.04	0.2		0.88	-0.03	DBOEY
DBOEF	-0.55	0.25	-0.11	0.02	0.09	0.88		-0.04	DBOEF
OVCHF	0.12	-0.58	0.74	-0.89	0.74	-0.03	-0.04		OVCHF
	HKXCY	ERNXY	LLDTF	PBCRY	RBSPF	DBOEY	DBOEF	OVCHF

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

DBOEF	+ 0.88	DBOEY
OVCHF	+ 0.74	LLDTF
OVCHF	+ 0.74	RBSPF
RBSPF	+ 0.7	LLDTF
PBCRY	+ 0.6	ERNXY
LLDTF	+ 0.34	HKXCY

High negative correlations

OVCHF	- 0.89	PBCRY
PBCRY	- 0.82	LLDTF
RBSPF	- 0.79	PBCRY
OVCHF	- 0.58	ERNXY
RBSPF	- 0.55	ERNXY
DBOEF	- 0.55	HKXCY

Risk-Adjusted Indicators

There is a big difference between Hellenic Pink Sheet performing well and Hellenic Exchanges 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 Hellenic Exchanges' 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
HKXCY	1.00	(0.09)	0.00	(0.08)	0.00	0.00	1.97	(2.08)	5.91
ERNXY	1.53	0.03	(0.02)	0.26	1.94	(1.73)	4.02	(3.45)	10.39
LLDTF	2.44	0.44	0.06	(1.41)	2.57	(6.17)	10.40	(5.11)	24.58
PBCRY	1.14	(0.26)	0.00	(0.67)	0.00	0.00	1.63	(2.65)	7.27
RBSPF	2.17	0.08	0.02	0.17	2.79	(2.27)	5.36	(4.61)	13.73
DBOEY	1.31	(0.05)	0.00	(0.04)	0.00	0.00	3.15	(2.78)	9.71
DBOEF	1.43	0.00	(0.03)	0.08	1.92	(1.61)	3.30	(2.54)	11.09
OVCHF	0.83	0.43	0.00	(0.90)	0.00	0.00	2.31	0.00	18.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hellenic Exchanges 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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Hellenic Exchanges Corporate Management

Vaitsa Koudona	Head Unit	Profile
Andreas Daskalakis	Market Operation And Member Support	Profile
Nikolaos CFA	Chief Officer	Profile
Panagiotis Drakos	Pres Companies	Profile
Yianos Kontopoulos	CEO Director	Profile

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