Hellenic Exchanges Correlations

HEXEY Stock

USD 15.25 0.00 0.00%

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. If the correlation is 0, the equities are not correlated; they are entirely random.

Hellenic Exchanges Correlation With Market

Good diversification

The correlation between Hellenic Exchanges Athens 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 Hellenic Exchanges Athens 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 Athens to buy it.

Moving against Hellenic Pink Sheet

0.43	LNSTY	London Stock Exchange	Pair Corr
0.4	LDNXF	London Stock Exchange	Pair Corr
0.67	STAG	STAG Industrial	Pair Corr
0.64	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.64	PII	Polaris Industries	Pair Corr
0.63	EGP	EastGroup Properties	Pair Corr
0.59	KYOCF	Kyocera	Pair Corr
0.53	JNJ	Johnson Johnson	Pair Corr
0.44	TORO	Toro	Pair Corr
0.39	TGI	Triumph Group	Pair Corr
0.32	CM	Canadian Imperial Bank	Pair Corr
0.6	SMGKF	Smiths Group plc	Pair Corr
0.57	ATRO	Astronics	Pair Corr
0.5	PFE	Pfizer Inc	Pair Corr
0.48	EOLS	Evolus Inc	Pair Corr
0.47	ADC	Agree Realty	Pair Corr
0.44	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	DBIN	WCCB	FFMR	FDCHF	TBCRF	EGTIF	BPHLY	CNDCF	FRRPF	SWZNF
DBIN		0.25	-0.03	0.16	0.05	0.14	0.06	0.32	-0.21	-0.02	DBIN
WCCB	0.25		-0.33	0.77	0.27	0.79	0.61	0.47	0.06	-0.17	WCCB
FFMR	-0.03	-0.33		-0.05	-0.52	-0.44	-0.08	0.26	-0.67	0.63	FFMR
FDCHF	0.16	0.77	-0.05		0.03	0.81	0.41	0.63	-0.26	0.14	FDCHF
TBCRF	0.05	0.27	-0.52	0.03		0.42	0.28	-0.19	0.59	-0.19	TBCRF
EGTIF	0.14	0.79	-0.44	0.81	0.42		0.55	0.31	0.26	-0.24	EGTIF
BPHLY	0.06	0.61	-0.08	0.41	0.28	0.55		0.17	0.12	-0.05	BPHLY
CNDCF	0.32	0.47	0.26	0.63	-0.19	0.31	0.17		-0.47	0.26	CNDCF
FRRPF	-0.21	0.06	-0.67	-0.26	0.59	0.26	0.12	-0.47		-0.63	FRRPF
SWZNF	-0.02	-0.17	0.63	0.14	-0.19	-0.24	-0.05	0.26	-0.63		SWZNF
	DBIN	WCCB	FFMR	FDCHF	TBCRF	EGTIF	BPHLY	CNDCF	FRRPF	SWZNF

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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

EGTIF	+ 0.81	FDCHF
EGTIF	+ 0.79	WCCB
FDCHF	+ 0.77	WCCB
SWZNF	+ 0.63	FFMR
CNDCF	+ 0.63	FDCHF
BPHLY	+ 0.61	WCCB

High negative correlations

FRRPF	- 0.67	FFMR
SWZNF	- 0.63	FRRPF
TBCRF	- 0.52	FFMR
FRRPF	- 0.47	CNDCF
EGTIF	- 0.44	FFMR
FFMR	- 0.33	WCCB

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
DBIN	1.19	0.14	0.02	(13.37)	1.40	(4.52)	5.13	(4.52)	19.45
WCCB	0.42	0.05	(0.01)	1.08	0.44	(0.50)	1.29	(0.98)	2.50
FFMR	0.18	0.00	(0.05)	0.09	0.30	(0.68)	0.78	(0.82)	2.99
FDCHF	0.14	0.05	0.00	0.42	0.00	0.00	0.00	0.00	4.58
TBCRF	0.99	(0.12)	0.00	(15.30)	0.00	0.00	2.66	(4.13)	11.22
EGTIF	0.61	0.09	0.00	0.18	0.00	0.00	0.00	0.00	20.00
BPHLY	1.76	0.13	0.01	(0.15)	2.23	(2.34)	4.04	(3.70)	12.12
CNDCF	3.55	0.47	0.05	(0.93)	4.20	(7.77)	11.48	(9.04)	28.73
FRRPF	1.22	(0.16)	0.00	(2.07)	0.00	0.00	1.89	(3.64)	10.12
SWZNF	0.88	0.16	0.00	0.47	0.00	0.00	0.42	(1.37)	20.21

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
Nikolaos CFA	Chief Officer	Profile
Panagiotis Drakos	Pres Companies	Profile
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