Hysan Development Correlations
| HYN Stock | EUR 2.34 0.02 0.85% |
The current 90-days correlation between Hysan Development and Viscofan is -0.04 (i.e., Good diversification). The correlation of Hysan Development 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.
Hysan Development Correlation With Market
Poor diversification
The correlation between Hysan Development and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hysan Development and DJI in the same portfolio, assuming nothing else is changed.
Hysan |
The ability to find closely correlated positions to Hysan Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hysan Development 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 Hysan Development - 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 Hysan Development to buy it.
Moving together with Hysan Stock
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| 0.8 | 2WGA | WOORI FIN GRP | PairCorr |
| 0.86 | LFL0 | LATAM Airlines Group | PairCorr |
| 0.91 | BSA | Banco Santander Chile | PairCorr |
| 0.9 | G4RA | Banco de Chile | PairCorr |
| 0.89 | SII | Wheaton Precious Metals | PairCorr |
| 0.88 | G40 | GDS Holdings Limited | PairCorr |
| 0.87 | CWT | Curtiss Wright | PairCorr |
| 0.92 | TGE1 | MOBILEZONE N | PairCorr |
| 0.84 | ST2 | Sturm Ruger | PairCorr |
| 0.69 | ALV | Allianz SE Earnings Call This Week | PairCorr |
| 0.82 | GPT | Genuine Parts | PairCorr |
| 0.79 | 1KT | Keysight Technologies Earnings Call This Week | PairCorr |
| 0.68 | DG1 | DAWSON GEOPHYSICAL | PairCorr |
| 0.77 | FPP0 | ALTYNGOLD PLC LS | PairCorr |
| 0.89 | FV6 | EMMI N Earnings Call This Week | PairCorr |
| 0.76 | L3X | Centrais Elétricas Earnings Call This Week | PairCorr |
| 0.92 | CPA | Colgate Palmolive | PairCorr |
| 0.92 | KSB3 | KSB SE | PairCorr |
| 0.64 | PU7 | PulteGroup | PairCorr |
| 0.77 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.65 | 1SZ0 | Santacruz Silver Mining Split | PairCorr |
| 0.94 | TQI | TELECOM ITALIA | PairCorr |
Moving against Hysan Stock
Related Correlations Analysis
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 Hysan Stock performing well and Hysan Development 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 Hysan Development'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABHA | 0.55 | (0.06) | 0.00 | (0.24) | 0.00 | 1.82 | 14.29 | |||
| HKT | 1.08 | 0.22 | 0.05 | (0.23) | 1.13 | 2.82 | 6.93 | |||
| SZL | 1.86 | 0.35 | 0.09 | 0.72 | 2.87 | 3.51 | 20.03 | |||
| VIS | 0.33 | 0.05 | (0.04) | (0.24) | 0.35 | 0.96 | 4.82 | |||
| 52SA | 1.28 | 0.18 | 0.06 | (0.51) | 1.23 | 2.65 | 19.56 | |||
| 8L8C | 1.81 | 0.13 | 0.05 | 0.22 | 2.04 | 3.96 | 12.81 | |||
| H9W | 0.82 | 0.21 | 0.06 | 0.60 | 0.64 | 3.08 | 9.46 | |||
| EP4A | 1.98 | 0.14 | 0.02 | 38.11 | 2.57 | 4.61 | 13.79 | |||
| WDC | 3.92 | 1.23 | 0.21 | (1.20) | 4.18 | 8.58 | 27.90 | |||
| SGJH | 1.95 | 0.23 | 0.02 | 1.22 | 2.58 | 7.14 | 18.25 |
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Hysan Development Corporate Management
Elected by the shareholders, the Hysan Development's board of directors comprises two types of representatives: Hysan Development inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hysan. The board's role is to monitor Hysan Development's management team and ensure that shareholders' interests are well served. Hysan Development'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, Hysan Development's outside directors are responsible for providing unbiased perspectives on the board's policies.