Focus Home Correlations

0HF Stock  EUR 17.60  0.12  0.68%   
The current 90-days correlation between Focus Home Interactive and Southern Cross Media is 0.26 (i.e., Modest diversification). The correlation of Focus Home 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.

Focus Home Correlation With Market

Average diversification

The correlation between Focus Home Interactive and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Focus Home Interactive and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Focus Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Focus Home 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 Focus Home - 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 Focus Home Interactive to buy it.

Moving together with Focus Stock

  0.647NX NEXON CoPairCorr
  0.71GD6 Ramsay Gnrale dePairCorr
  0.7GIB GSW Immobilien AGPairCorr
  0.76DBPD Xtrackers ShortDAXPairCorr

Moving against Focus Stock

  0.795TP BLUE LABELPairCorr
  0.76BSN Danone SAPairCorr
  0.76TKA thyssenkrupp AGPairCorr
  0.75DBPE Xtrackers LevDAXPairCorr
  0.733RE Rejlerkoncernen ABPairCorr
  0.73JYS1 JYSKE BANKPairCorr
  0.7171BA BilibiliPairCorr
  0.69TLLB Trelleborg ABPairCorr
  0.65E908 Lyxor 1PairCorr
  0.63931 Sea LimitedPairCorr
  0.59NTO NintendoPairCorr
  0.57NTOA NintendoPairCorr
  0.53T62 TOHO ZINC LTDPairCorr
  0.5TKE Take Two InteractivePairCorr
  0.5KEI KEISEI EL RAILWAY SplitPairCorr
  0.49MRG Outcrop Silver GoldPairCorr
  0.46HUKI HUHTAMAKIPairCorr
  0.4ROM Rohm CoPairCorr

Related Correlations Analysis

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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   
SIT4TM5
ISHATM5
6MMTM5
6MMISHA
SIT46MM
SIT4ISHA
  
High negative correlations   
96WISHA
96W6MM
96WTM5
GIFNTM5
PSMAGIFN
96WSIT4

Risk-Adjusted Indicators

There is a big difference between Focus Stock performing well and Focus Home 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 Focus Home'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.

Be your own money manager

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

Elected by the shareholders, the Focus Home's board of directors comprises two types of representatives: Focus Home inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Focus. The board's role is to monitor Focus Home's management team and ensure that shareholders' interests are well served. Focus Home'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, Focus Home's outside directors are responsible for providing unbiased perspectives on the board's policies.
Cedric LagarrigueChairman of the Management BoardProfile
Luc HningerMember OfficerProfile
Laure DHautevilleGroup OfficerProfile
Christian TellierMember of the Supervisory BoardProfile
Jurgen GoeldnerChairman of the Management BoardProfile
Yves YaouanqChief OfficerProfile
Tanguy FranclieuMember of the Supervisory BoardProfile