Hellenic Telecommunicatio Correlations

HTO Stock

EUR 15.07 0.35 2.38%

The current 90-days correlation between Hellenic Telecommunicatio and Greek Organization of is 0.17 (i.e., Average 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

Good diversification

The correlation between Hellenic Telecommunications Or and DJI is -0.03 (i.e., Good 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.

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 Organization to buy it.

Moving against Hellenic Stock

0.63	TELL	Bank of Greece	Pair Corr
0.61	ELPE	Hellenic Petroleum	Pair Corr
0.59	SPIR	The House	Pair Corr
0.59	BRIQ	BriQ Properties Real Earnings Call Tomorrow	Pair Corr
0.59	ADMIE	Admie Holding SA	Pair Corr
0.57	GEBKA	General Commercial	Pair Corr
0.54	AVAX	Avax SA	Pair Corr
0.53	OPAP	Greek Organization	Pair Corr
0.53	ASCO	As Commercial Industrial	Pair Corr
0.51	EYDAP	Athens Water Supply	Pair Corr
0.49	TPEIR	Piraeus Financial	Pair Corr
0.47	REVOIL	Revoil SA	Pair Corr
0.47	OLYMP	Technical Olympic	Pair Corr
0.46	AIA	ATHENS INTERNATIONAL	Pair Corr
0.43	ALMY	Alumil Aluminium Industry	Pair Corr
0.43	AAAK	Wool Industry Tria	Pair Corr
0.41	MOTO	Emporiki Eisagogiki	Pair Corr
0.41	AEGN	Aegean Airlines SA	Pair Corr
0.38	CENER	Cenergy Holdings	Pair Corr

Related Correlations Analysis

	OPAP	MYTIL	PPC	MOH	ELPE
OPAP		0.64	0.8	0.75	0.77	OPAP
MYTIL	0.64		0.78	0.83	0.82	MYTIL
PPC	0.8	0.78		0.82	0.84	PPC
MOH	0.75	0.83	0.82		0.95	MOH
ELPE	0.77	0.82	0.84	0.95		ELPE
	OPAP	MYTIL	PPC	MOH	ELPE

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Risk-Adjusted Indicators

There is a big difference between Hellenic Stock 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
OPAP	0.89	0.17	0.16	0.59	0.84	(1.04)	2.18	(1.37)	5.68
MYTIL	1.14	0.16	0.10	3.01	1.42	(1.27)	2.79	(2.11)	7.65
PPC	1.11	0.19	0.12	0.81	1.36	(1.15)	2.33	(2.00)	5.79
MOH	1.03	0.23	0.18	16.54	0.98	(1.20)	2.55	(1.43)	7.08
ELPE	0.93	0.28	0.25	(1.18)	0.74	(1.09)	2.43	(1.55)	5.29

Be your own money manager

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

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

Charalampos Mazarakis	Ex Group	Profile
Evrikos Sarsentis	Acquisitions Mergers	Profile
Aristodimos Dimitriadis	ERM Compliance	Profile
Elena Papadopoulou	Chief Group	Profile
Anastasios Kapenis	Accounting Director	Profile
Konstantinos Ploumpis	Chief Officer	Profile
Eirini Nikolaidi	Chief Group	Profile

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