Hana Microelectronics Correlations

HMICF Stock

USD 0.60 0.00 0.00%

The current 90-days correlation between Hana Microelectronics and NVIDIA is 0.07 (i.e., Significant diversification). The correlation of Hana Microelectronics 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.

Hana Microelectronics Correlation With Market

Average diversification

The correlation between Hana Microelectronics Public and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hana Microelectronics Public and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hana Pink Sheet

0.65	AAPL	Apple Inc	Pair Corr
0.78	GOOG	Alphabet Class C	Pair Corr
0.83	BMYMP	Bristol Myers Squibb	Pair Corr
0.62	TLK	Telkom Indonesia Tbk	Pair Corr
0.63	PTAIY	Astra International Tbk	Pair Corr
0.71	PPERY	Bank Mandiri Persero	Pair Corr
0.96	PPERF	Bank Mandiri Persero	Pair Corr
0.88	FTV	Fortive Corp	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.83	MRK	Merck Company	Pair Corr
0.76	BAC	Bank of America	Pair Corr
0.61	XOM	Exxon Mobil Corp	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.91	WMT	Walmart Common Stock	Pair Corr
0.68	AXP	American Express	Pair Corr

Moving against Hana Pink Sheet

0.9	SSNLF	Samsung Electronics	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.41	NVDA	NVIDIA	Pair Corr
0.36	BKRKY	Bank Rakyat	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.5	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	NVDA	AAPL	GOOG	MSFT	AMZN	BMYMP	META	AVGO
NVDA		-0.06	-0.2	0.59	0.55	-0.42	0.08	0.1	NVDA
AAPL	-0.06		0.91	-0.63	0.53	0.66	-0.62	0.59	AAPL
GOOG	-0.2	0.91		-0.82	0.39	0.79	-0.65	0.57	GOOG
MSFT	0.59	-0.63	-0.82		-0.07	-0.8	0.67	-0.24	MSFT
AMZN	0.55	0.53	0.39	-0.07		0.14	-0.51	0.28	AMZN
BMYMP	-0.42	0.66	0.79	-0.8	0.14		-0.41	0.22	BMYMP
META	0.08	-0.62	-0.65	0.67	-0.51	-0.41		-0.19	META
AVGO	0.1	0.59	0.57	-0.24	0.28	0.22	-0.19		AVGO
	NVDA	AAPL	GOOG	MSFT	AMZN	BMYMP	META	AVGO

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

GOOG	+ 0.91	AAPL
BMYMP	+ 0.79	GOOG
META	+ 0.67	MSFT
BMYMP	+ 0.66	AAPL
MSFT	+ 0.59	NVDA
AVGO	+ 0.59	AAPL

High negative correlations

MSFT	- 0.82	GOOG
BMYMP	- 0.8	MSFT
META	- 0.65	GOOG
MSFT	- 0.63	AAPL
META	- 0.62	AAPL
META	- 0.51	AMZN

Risk-Adjusted Indicators

There is a big difference between Hana Pink Sheet performing well and Hana Microelectronics 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 Hana Microelectronics' 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
NVDA	1.82	0.01	0.00	0.06	2.20	(1.94)	3.01	(3.81)	9.61
AAPL	0.74	0.06	0.05	0.11	0.90	(0.76)	1.97	(1.56)	5.76
GOOG	1.40	0.34	0.23	0.38	1.14	(1.64)	3.33	(2.27)	9.42
MSFT	0.89	(0.12)	0.00	(0.16)	0.00	0.00	1.78	(2.50)	5.08
AMZN	1.38	0.00	0.01	0.05	1.87	(1.27)	2.53	(2.86)	14.02
BMYMP	1.04	0.28	0.10	1.35	0.94	(1.99)	3.13	(2.64)	12.65
META	1.39	(0.21)	0.00	(0.18)	0.00	0.00	2.30	(2.72)	13.52
AVGO	2.17	0.03	0.02	0.07	3.11	(2.07)	3.49	(4.48)	22.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hana Microelectronics 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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