Helical Bar Correlations
| HLCL Stock | 179.60 0.60 0.34% |
The current 90-days correlation between Helical Bar Plc and Diversified Energy is -0.06 (i.e., Good diversification). The correlation of Helical Bar 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.
Helical |
The ability to find closely correlated positions to Helical Bar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helical Bar 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 Helical Bar - 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 Helical Bar Plc to buy it.
Moving together with Helical Stock
| 0.82 | DLN | Derwent London PLC | PairCorr |
| 0.74 | HMSO | Hammerson PLC | PairCorr |
| 0.83 | WKP | Workspace Group PLC | PairCorr |
| 0.67 | SUPR | Supermarket Income REIT | PairCorr |
| 0.73 | NBS | Nationwide Building | PairCorr |
Moving against Helical Stock
| 0.83 | BRFI | BlackRock Frontiers Earnings Call This Week | PairCorr |
| 0.81 | 0R1W | Walmart | PairCorr |
| 0.78 | 0MJK | Erste Group Bank | PairCorr |
| 0.74 | DEC | Diversified Energy | PairCorr |
| 0.59 | MNKS | Monks Investment Trust | PairCorr |
| 0.54 | 0IC8 | Dollar Tree | PairCorr |
| 0.49 | 0N7I | Cairo Communication SpA | PairCorr |
| 0.45 | CPG | Compass Group PLC Earnings Call This Week | PairCorr |
| 0.4 | 0HVB | Centene Corp Earnings Call This Week | PairCorr |
| 0.31 | SSON | Smithson Investment Trust | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Helical Stock performing well and Helical Bar 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 Helical Bar'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLN | 1.00 | (0.26) | 0.00 | (0.41) | 0.00 | 1.78 | 7.03 | |||
| HMSO | 1.19 | (0.15) | 0.00 | (0.71) | 0.00 | 2.12 | 5.82 | |||
| SUPR | 0.92 | (0.11) | 0.00 | (0.31) | 0.00 | 1.75 | 6.69 | |||
| MNKS | 0.76 | 0.15 | 0.07 | 0.73 | 0.86 | 1.59 | 4.99 | |||
| SSON | 0.67 | 0.09 | 0.03 | 0.41 | 0.77 | 1.65 | 5.00 | |||
| DEC | 2.02 | 0.61 | 0.18 | 106.60 | 2.08 | 5.31 | 12.90 | |||
| CUSN | 2.45 | 0.09 | (0.01) | (0.25) | 2.89 | 6.10 | 15.84 | |||
| GMR | 1.83 | 0.14 | 0.04 | 0.35 | 2.10 | 3.57 | 19.35 | |||
| PLUS | 1.11 | 0.22 | 0.07 | (3.31) | 1.51 | 1.96 | 7.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Helical Bar 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?
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Helical Bar Corporate Management
Elected by the shareholders, the Helical Bar's board of directors comprises two types of representatives: Helical Bar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Helical. The board's role is to monitor Helical Bar's management team and ensure that shareholders' interests are well served. Helical Bar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Helical Bar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Roxburgh | Head Transportation | Profile | |
| Laura Beaumont | Head Sustainability | Profile | |
| Lois Robertson | Operations Manager | Profile | |
| Sian Webster | Head Receptionist | Profile |