Hologic Correlations

HO1 Stock

EUR 63.50 0.50 0.79%

The current 90-days correlation between Hologic and Grupo Carso SAB is -0.2 (i.e., Good diversification). The correlation of Hologic 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.

Hologic Correlation With Market

Average diversification

The correlation between Hologic and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hologic and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hologic Stock

0.86	IUI1	Intuitive Surgical	Pair Corr
0.71	5VB	Vaccibody AS	Pair Corr
0.63	ZSL	SLR Investment Corp	Pair Corr

Moving against Hologic Stock

0.71	RMEA	Resmed Inc DRC	Pair Corr
0.54	XTP	Sino AG	Pair Corr
0.51	RME	ResMed Inc	Pair Corr
0.5	9Y2	LABOCANNA SA ZY	Pair Corr
0.38	CWC	CEWE Stiftung	Pair Corr
0.31	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	T1I	1G3	WN6	4GF	SI3	GRU	14N1
T1I		0.18	-0.54	-0.41	0.12	-0.39	0.28	T1I
1G3	0.18		-0.31	-0.07	-0.39	-0.31	0.58	1G3
WN6	-0.54	-0.31		0.51	0.2	0.81	-0.32	WN6
4GF	-0.41	-0.07	0.51		0.1	0.29	0.05	4GF
SI3	0.12	-0.39	0.2	0.1		0.37	-0.12	SI3
GRU	-0.39	-0.31	0.81	0.29	0.37		-0.49	GRU
14N1	0.28	0.58	-0.32	0.05	-0.12	-0.49		14N1
	T1I	1G3	WN6	4GF	SI3	GRU	14N1

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

GRU	+ 0.81	WN6
14N1	+ 0.58	1G3
4GF	+ 0.51	WN6
GRU	+ 0.37	SI3
GRU	+ 0.29	4GF
14N1	+ 0.28	T1I

High negative correlations

WN6	- 0.54	T1I
14N1	- 0.49	GRU
4GF	- 0.41	T1I
SI3	- 0.39	1G3
GRU	- 0.39	T1I
14N1	- 0.32	WN6

Risk-Adjusted Indicators

There is a big difference between Hologic Stock performing well and Hologic 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 Hologic'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
T1I	1.45	0.21	0.07	(0.52)	1.51	(1.69)	3.37	(2.79)	9.53
1G3	0.89	0.02	(0.02)	0.16	1.06	(0.97)	1.70	(1.84)	5.11
WN6	1.22	(0.33)	0.00	(0.56)	0.00	0.00	1.94	(2.86)	6.26
4GF	2.35	0.04	(0.02)	0.00	3.02	(3.11)	5.08	(3.33)	20.23
SI3	0.60	0.02	(0.02)	0.24	0.94	(1.28)	1.46	(1.40)	6.36
GRU	1.46	(0.11)	0.00	(1.01)	0.00	0.00	2.91	(2.59)	8.95
14N1	0.83	0.03	(0.03)	3.82	0.98	(0.93)	1.50	(1.84)	5.10

Be your own money manager

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

Elected by the shareholders, the Hologic's board of directors comprises two types of representatives: Hologic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hologic. The board's role is to monitor Hologic's management team and ensure that shareholders' interests are well served. Hologic'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, Hologic's outside directors are responsible for providing unbiased perspectives on the board's policies.

Paul Malenchini	Chief Officer	Profile
Mike Kelly	Chief Affairs	Profile
Stephen MacMillan	CEO Chairman	Profile
Jan Verstreken	Group International	Profile
Kevin Thornal	Group Solutions	Profile
Ryan Simon	VP Relations	Profile
Karleen Oberton	Chief Officer	Profile

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