Halma Plc Correlations

HLMAF Stock

USD 33.17 1.18 3.69%

The current 90-days correlation between Halma plc and Griffon is -0.1 (i.e., Good diversification). The correlation of Halma Plc 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.

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

Moving together with Halma Pink Sheet

0.77	MSBHF	Mitsubishi Corp	Pair Corr
0.66	PPERY	Bank Mandiri Persero	Pair Corr
0.79	BKRKY	Bank Rakyat	Pair Corr
0.65	SHG	Shinhan Financial	Pair Corr

Moving against Halma Pink Sheet

0.7	KSCP	Knightscope	Pair Corr
0.68	GM	General Motors Aggressive Push	Pair Corr
0.65	ADSK	Autodesk	Pair Corr
0.59	CTPCY	Citic Ltd ADR	Pair Corr
0.59	KB	KB Financial Group	Pair Corr
0.57	HON	Honeywell International	Pair Corr
0.74	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.71	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	NVDA	NVIDIA	Pair Corr
0.69	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.65	LLYVK	Liberty Media	Pair Corr
0.62	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.59	GVA	Granite Construction	Pair Corr
0.58	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.57	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.54	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.52	PYPL	PayPal Holdings	Pair Corr
0.51	DECK	Deckers Outdoor	Pair Corr
0.46	DXYZ	Destiny Tech100	Pair Corr
0.45	ITRI	Itron Inc	Pair Corr
0.41	SNOW	Snowflake Trending	Pair Corr
0.39	CSTXF	CryptoStar Corp	Pair Corr
0.35	RCAT	Red Cat Holdings Trending	Pair Corr

Related Correlations Analysis

	VRTV	GFF	BBU	MDU	MATW	MMM	VMI	CODI	HON
VRTV		0.44	0.47	0.76	0.32	-0.51	0.84	0.58	0.78	VRTV
GFF	0.44		0.69	0.74	0.31	0.16	0.53	0.78	0.69	GFF
BBU	0.47	0.69		0.82	-0.12	0.29	0.74	0.69	0.73	BBU
MDU	0.76	0.74	0.82		0.17	-0.13	0.91	0.75	0.88	MDU
MATW	0.32	0.31	-0.12	0.17		-0.29	0.18	0.48	0.15	MATW
MMM	-0.51	0.16	0.29	-0.13	-0.29		-0.3	0.08	-0.07	MMM
VMI	0.84	0.53	0.74	0.91	0.18	-0.3		0.71	0.8	VMI
CODI	0.58	0.78	0.69	0.75	0.48	0.08	0.71		0.72	CODI
HON	0.78	0.69	0.73	0.88	0.15	-0.07	0.8	0.72		HON
	VRTV	GFF	BBU	MDU	MATW	MMM	VMI	CODI	HON

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

VMI	+ 0.91	MDU
HON	+ 0.88	MDU
VMI	+ 0.84	VRTV
MDU	+ 0.82	BBU
HON	+ 0.8	VMI
HON	+ 0.78	VRTV

High negative correlations

MMM	- 0.51	VRTV
VMI	- 0.3	MMM
MMM	- 0.29	MATW
MMM	- 0.13	MDU
MATW	- 0.12	BBU
HON	- 0.07	MMM

Risk-Adjusted Indicators

There is a big difference between Halma Pink Sheet performing well and Halma Plc 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 Halma Plc'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
VRTV	1.91	0.23	0.00	(0.15)	2.42	(1.84)	3.88	(4.01)	10.84
GFF	1.76	0.21	0.15	0.25	1.70	(2.02)	3.91	(3.12)	22.83
BBU	1.61	0.20	0.13	0.29	1.43	(1.77)	3.97	(2.48)	8.55
MDU	1.65	0.45	0.25	0.49	1.31	(2.01)	3.97	(2.69)	12.63
MATW	1.80	0.09	0.11	0.17	1.75	(2.32)	3.20	(3.40)	8.96
MMM	1.02	(0.14)	(0.09)	0.01	1.22	(1.11)	1.54	(2.13)	7.84
VMI	1.27	0.16	0.13	0.26	1.04	(1.40)	2.65	(2.18)	12.58
CODI	1.31	0.02	0.04	0.14	1.25	(1.49)	3.27	(1.94)	9.24
HON	0.91	0.10	0.07	0.23	1.04	(1.10)	2.62	(1.27)	8.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Halma Plc 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?

Run Transaction History Now

Transaction History

View history of all your transactions and understand their impact on performance

All Next

Launch Module

Halma Plc Corporate Management

Aldous Wong	Adviser Pacific	Profile
Funmi Adegoke	Chief Counsel	Profile
Marc Ronchetti	Member CFO	Profile
Steve Brown	Sector Board	Profile
Wendy McMillan	Sector Board	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC