Hexo Corp Correlations
| HEXODelisted Stock | USD 0.71 0.00 0.00% |
The current 90-days correlation between Hexo Corp and Aurora Cannabis is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hexo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hexo Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Hexo Corp Correlation With Market
Significant diversification
The correlation between Hexo Corp 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 Hexo Corp and DJI in the same portfolio, assuming nothing else is changed.
Hexo |
Moving together with Hexo Stock
| 0.72 | TCHH | Trustcash Holdings | PairCorr |
| 0.7 | SHG | Shinhan Financial | PairCorr |
| 0.68 | EC | Ecopetrol SA ADR | PairCorr |
| 0.61 | WF | Woori Financial Group | PairCorr |
| 0.79 | HYMTF | Hyundai Motor | PairCorr |
| 0.7 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.75 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.67 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Hexo Stock
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.74 | WMT | Walmart Aggressive Push | PairCorr |
| 0.73 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.68 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.65 | CSCO | Cisco Systems | PairCorr |
| 0.62 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.56 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.53 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.52 | KEP | Korea Electric Power | PairCorr |
| 0.45 | VFS | VinFast Auto Earnings Call This Week | PairCorr |
| 0.37 | HPQ | HP Inc | PairCorr |
Related Correlations Analysis
| 0.85 | 0.81 | 0.9 | 0.79 | 0.95 | 0.51 | ACB | ||
| 0.85 | 0.59 | 0.8 | 0.72 | 0.81 | 0.57 | CGC | ||
| 0.81 | 0.59 | 0.79 | 0.54 | 0.75 | 0.45 | CURLF | ||
| 0.9 | 0.8 | 0.79 | 0.68 | 0.9 | 0.43 | OGI | ||
| 0.79 | 0.72 | 0.54 | 0.68 | 0.8 | 0.42 | CRON | ||
| 0.95 | 0.81 | 0.75 | 0.9 | 0.8 | 0.5 | TLRY | ||
| 0.51 | 0.57 | 0.45 | 0.43 | 0.42 | 0.5 | SNDL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Hexo Stock performing well and Hexo Corp 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 Hexo Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACB | 2.65 | (0.54) | 0.00 | (33.15) | 0.00 | 5.51 | 26.91 | |||
| CGC | 3.49 | (0.56) | 0.00 | 0.80 | 0.00 | 8.26 | 35.86 | |||
| CURLF | 3.94 | (0.37) | 0.00 | (4.00) | 0.00 | 9.51 | 43.19 | |||
| OGI | 2.23 | (0.36) | 0.00 | 5.44 | 0.00 | 4.05 | 14.87 | |||
| CRON | 2.17 | (0.18) | 0.00 | 1.29 | 0.00 | 4.74 | 19.33 | |||
| TLRY | 2.22 | (0.47) | 0.00 | 1.14 | 0.00 | 4.94 | 21.22 | |||
| SNDL | 2.05 | (0.03) | 0.00 | 0.26 | 0.00 | 3.86 | 24.46 |
Hexo Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hexo Corp stock to make a market-neutral strategy. Peer analysis of Hexo Corp could also be used in its relative valuation, which is a method of valuing Hexo Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hexo Corp Corporate Management
| Guillaume Joueet | Chief People & Culture Officer | Profile | |
| Mona Matta | VP Culture | Profile | |
| Michael Munzar | Independent Chairman of the Board | Profile | |
| Jason Ewart | Independent Director | Profile |
Still Interested in Hexo Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.