Hellenic Telecommunicatio Correlations
| HLTOY Stock | USD 7.82 0.24 2.98% |
The current 90-days correlation between Hellenic Telecommunicatio and SCOR PK is -0.22 (i.e., Very good diversification). The correlation of Hellenic Telecommunicatio 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.
Hellenic Telecommunicatio Correlation With Market
Average diversification
The correlation between Hellenic Telecommunications Or and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hellenic Telecommunications Or and DJI in the same portfolio, assuming nothing else is changed.
Hellenic |
The ability to find closely correlated positions to Hellenic Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hellenic Telecommunicatio 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 Hellenic Telecommunicatio - 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 Hellenic Telecommunications Org to buy it.
Moving against Hellenic Pink Sheet
| 0.75 | JPHLF | Japan Post Holdings | PairCorr |
| 0.67 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.65 | MFG | Mizuho Financial | PairCorr |
| 0.62 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.6 | MZHOF | Mizuho Financial | PairCorr |
| 0.6 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.55 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.51 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.47 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.46 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.43 | WMT | Walmart Aggressive Push | PairCorr |
| 0.34 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.31 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Hellenic Pink Sheet performing well and Hellenic Telecommunicatio 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 Hellenic Telecommunicatio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 444859BR2 | 1.31 | 0.03 | 0.00 | 0.07 | 0.00 | 5.93 | 16.62 | |||
| SCRYY | 2.13 | 0.38 | 0.09 | (0.82) | 2.03 | 5.61 | 12.99 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.27 | (0.13) | 0.00 | 0.01 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.48 | (0.05) | (0.15) | 0.04 | 0.53 | 1.03 | 2.80 | |||
| ABHYX | 0.17 | 0.00 | (0.25) | 0.08 | 0.26 | 0.34 | 1.91 | |||
| LBHIX | 0.11 | 0.01 | (0.40) | 0.46 | 0.00 | 0.24 | 0.96 | |||
| ID | 3.65 | 0.47 | 0.08 | 0.69 | 4.00 | 7.32 | 20.54 | |||
| VIASP | 0.74 | 0.08 | (0.03) | (2.22) | 1.13 | 2.28 | 7.18 | |||
| RRTLX | 0.24 | 0.01 | (0.30) | 0.50 | 0.24 | 0.56 | 1.37 |
Be your own money manager
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