HKT Trust Correlations
| HKTTF Stock | USD 1.27 0.16 11.19% |
The current 90-days correlation between HKT Trust and DISH Network is -0.03 (i.e., Good diversification). The correlation of HKT Trust 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.
HKT Trust Correlation With Market
Good diversification
The correlation between HKT Trust and and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HKT Trust and and DJI in the same portfolio, assuming nothing else is changed.
HKT |
The ability to find closely correlated positions to HKT Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HKT Trust 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 HKT Trust - 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 HKT Trust and to buy it.
Moving together with HKT Pink Sheet
| 0.74 | CMCSA | Comcast Corp Sell-off Trend | PairCorr |
| 0.71 | AAC | Ares Acquisition | PairCorr |
| 0.67 | TRCA | Twin Ridge Capital | PairCorr |
| 0.64 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
| 0.72 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.67 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against HKT Pink Sheet
| 0.69 | DTEGY | Deutsche Telekom | PairCorr |
| 0.46 | NPPXF | Nippon Telegraph Tel | PairCorr |
| 0.35 | KDDIF | KDDI Corp | PairCorr |
| 0.33 | CVI | CVR Energy | PairCorr |
| 0.58 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.51 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.5 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.5 | PG | Procter Gamble | PairCorr |
| 0.48 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| -0.28 | 0.19 | -0.64 | 0.81 | T | ||
| -0.28 | -0.11 | -0.04 | -0.02 | DISH | ||
| 0.19 | -0.11 | 0.41 | -0.2 | VZ | ||
| -0.64 | -0.04 | 0.41 | -0.88 | VOD | ||
| 0.81 | -0.02 | -0.2 | -0.88 | TMUS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between HKT Pink Sheet performing well and HKT Trust 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 HKT Trust'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| T | 0.92 | 0.28 | 0.15 | (7.88) | 0.85 | 2.56 | 6.47 | |||
| DISH | 3.42 | 0.12 | (0.01) | (0.22) | 4.14 | 6.90 | 28.09 | |||
| VZ | 0.98 | 0.12 | 0.01 | 1.63 | 1.28 | 2.16 | 8.86 | |||
| VOD | 1.04 | (0.14) | 0.00 | (0.24) | 0.00 | 2.06 | 11.18 | |||
| TMUS | 0.95 | 0.22 | 0.13 | 0.48 | 1.03 | 1.95 | 8.79 |