Hochschild Mining Correlations
| HOC Stock | 220.50 7.50 3.29% |
The current 90-days correlation between Hochschild Mining plc and Playtech Plc is 0.07 (i.e., Significant diversification). The correlation of Hochschild Mining 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.
Hochschild Mining Correlation With Market
Good diversification
The correlation between Hochschild Mining plc and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hochschild Mining plc and DJI in the same portfolio, assuming nothing else is changed.
Hochschild |
The ability to find closely correlated positions to Hochschild Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hochschild Mining 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 Hochschild Mining - 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 Hochschild Mining plc to buy it.
Moving together with Hochschild Stock
| 0.73 | ANTO | Antofagasta PLC | PairCorr |
| 0.67 | ATYM | Atalaya Mining | PairCorr |
| 0.67 | CAML | Central Asia Metals | PairCorr |
Moving against Hochschild Stock
| 0.57 | 0R15 | SoftBank Group Corp | PairCorr |
| 0.48 | APTA | Aptamer Group PLC | PairCorr |
| 0.44 | 0QYR | Panasonic Corp | PairCorr |
| 0.43 | FXPO | Ferrexpo PLC | PairCorr |
| 0.42 | HSBK | Halyk Bank | PairCorr |
| 0.61 | ARC | Arcontech Group Plc | PairCorr |
| 0.49 | DEC | Diversified Energy | PairCorr |
| 0.46 | SGE | Sage Group PLC | PairCorr |
| 0.45 | TFIF | TwentyFour Income | PairCorr |
| 0.42 | IMB | Imperial Brands PLC | PairCorr |
| 0.4 | CLDN | Caledonia Investments | PairCorr |
| 0.39 | CPG | Compass Group PLC | PairCorr |
| 0.38 | SOM | Somero Enterprise | PairCorr |
| 0.38 | TRX | Tissue Regenix Group | PairCorr |
| 0.35 | ENOG | Energean Oil Gas | PairCorr |
| 0.31 | CNE | Capricorn Energy PLC | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Hochschild Stock performing well and Hochschild Mining 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 Hochschild Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTEC | 0.76 | 0.01 | 0.00 | 0.11 | 0.94 | 1.81 | 4.06 | |||
| 0QLX | 0.61 | (0.22) | 0.00 | 0.86 | 0.00 | 0.86 | 8.05 | |||
| 0J71 | 1.28 | (0.06) | 0.00 | (0.23) | 0.00 | 3.11 | 8.85 | |||
| 0F07 | 1.08 | (0.18) | 0.00 | (4.14) | 0.00 | 2.00 | 8.36 | |||
| 0IN3 | 1.31 | (0.09) | 0.00 | 0.30 | 0.00 | 2.38 | 10.38 | |||
| URU | 2.15 | 0.73 | 0.00 | (1.58) | 0.00 | 11.11 | 29.40 | |||
| CUSN | 2.43 | 0.44 | 0.11 | (0.64) | 2.75 | 6.21 | 15.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hochschild Mining 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 Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
Hochschild Mining Corporate Management
Elected by the shareholders, the Hochschild Mining's board of directors comprises two types of representatives: Hochschild Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hochschild. The board's role is to monitor Hochschild Mining's management team and ensure that shareholders' interests are well served. Hochschild Mining'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, Hochschild Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eduardo Noriega | Chief Officer | Profile | |
| Charles Gordon | Head Relations | Profile | |
| Rajish Bhasin | Company Secretary | Profile | |
| Eduardo Villar | Vice Resources | Profile | |
| Jose Zapatero | Vice Affairs | Profile |