High Liner Correlations

HLNFF Stock

USD 10.32 0.55 5.63%

The current 90-days correlation between High Liner Foods and Premier Foods Plc is -0.01 (i.e., Good diversification). The correlation of High Liner 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 High Liner could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Liner 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 High Liner - 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 High Liner Foods to buy it.

Moving against High Pink Sheet

0.68	PTAIY	Astra International Tbk	Pair Corr
0.65	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.49	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.4	PPERY	Bank Mandiri Persero	Pair Corr
0.37	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.35	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.35	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.32	DIT	AMCON Distributing	Pair Corr
0.32	BKRKY	Bank Rakyat	Pair Corr
0.32	TLK	Telkom Indonesia Tbk	Pair Corr
0.31	PPERF	Bank Mandiri Persero	Pair Corr
0.31	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	GRBMF	LW	K	PFODF	PRRFY	TQLB	INBP	PPC	THS	HAIN
GRBMF		-0.81	-0.48	-0.77	-0.39	0.53	0.49	-0.7	0.7	-0.09	GRBMF
LW	-0.81		0.75	0.83	0.63	-0.69	-0.51	0.74	-0.75	0.08	LW
K	-0.48	0.75		0.48	0.71	-0.59	-0.44	0.37	-0.36	0.19	K
PFODF	-0.77	0.83	0.48		0.36	-0.51	-0.58	0.71	-0.82	-0.05	PFODF
PRRFY	-0.39	0.63	0.71	0.36		-0.36	-0.24	0.22	-0.23	0.52	PRRFY
TQLB	0.53	-0.69	-0.59	-0.51	-0.36		0.5	-0.66	0.64	0.18	TQLB
INBP	0.49	-0.51	-0.44	-0.58	-0.24	0.5		-0.39	0.48	-0.06	INBP
PPC	-0.7	0.74	0.37	0.71	0.22	-0.66	-0.39		-0.81	-0.11	PPC
THS	0.7	-0.75	-0.36	-0.82	-0.23	0.64	0.48	-0.81		0.33	THS
HAIN	-0.09	0.08	0.19	-0.05	0.52	0.18	-0.06	-0.11	0.33		HAIN
	GRBMF	LW	K	PFODF	PRRFY	TQLB	INBP	PPC	THS	HAIN

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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

PFODF	+ 0.83	LW
K	+ 0.75	LW
PPC	+ 0.74	LW
PRRFY	+ 0.71	K
PPC	+ 0.71	PFODF
THS	+ 0.7	GRBMF

High negative correlations

THS	- 0.82	PFODF
THS	- 0.81	PPC
LW	- 0.81	GRBMF
PFODF	- 0.77	GRBMF
THS	- 0.75	LW
PPC	- 0.7	GRBMF

Risk-Adjusted Indicators

There is a big difference between High Pink Sheet performing well and High Liner 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 High Liner'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
GRBMF	1.68	(0.18)	0.00	(0.28)	0.00	0.00	3.86	(4.80)	22.69
LW	1.07	0.29	0.14	0.75	1.26	(1.25)	2.57	(2.18)	16.32
K	0.14	0.00	(0.47)	0.14	0.09	(0.15)	0.37	(0.35)	0.93
PFODF	0.65	0.24	0.00	(27.84)	0.00	0.00	0.00	0.00	26.69
PRRFY	0.37	0.12	0.00	(0.83)	0.00	0.00	0.00	0.00	10.79
TQLB	12.62	2.36	0.03	(0.17)	15.41	(53.55)	51.52	(41.07)	215.91
INBP	1.52	(0.08)	0.00	0.22	0.00	0.00	3.13	(5.56)	34.54
PPC	1.67	0.25	0.07	1.09	2.20	(1.80)	3.57	(3.42)	13.48
THS	1.53	(0.26)	0.00	(0.17)	0.00	0.00	2.71	(2.61)	17.32
HAIN	2.83	0.39	0.08	1.07	3.71	(3.17)	5.56	(5.50)	34.66

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Our tools can tell you how much better you can do entering a position in High Liner 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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High Liner Corporate Management

FCA FCA	Ex CFO	Profile
Anthony Rasetta	Chief Officer	Profile
Craig Murray	VP Innovation	Profile
W Dimento	VP Affairs	Profile
John Kramer	Director Planning	Profile
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