HF FOODS Correlations

3GX Stock

EUR 3.42 0.10 3.01%

The current 90-days correlation between HF FOODS GRP and SIVERS SEMICONDUCTORS AB is 0.01 (i.e., Significant diversification). The correlation of HF FOODS 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.

HF FOODS Correlation With Market

Good diversification

The correlation between HF FOODS GRP and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HF FOODS GRP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 3GX Stock

0.8	P5F	Performance Food	Pair Corr
0.8	UFH	US Foods Holding	Pair Corr
0.69	6BF	PF Bakkafrost	Pair Corr
0.61	5EE	MEBUKI FINANCIAL	Pair Corr
0.63	C6TB	CHINA BANK ADR20	Pair Corr
0.65	SK3	Smurfit Kappa Group	Pair Corr
0.74	GIS	General Mills	Pair Corr
0.68	E908	Lyxor 1	Pair Corr

Moving against 3GX Stock

0.64	SSU	Samsung Electronics	Pair Corr
0.56	PKX	POSCO Holdings	Pair Corr
0.56	DBPD	Xtrackers ShortDAX	Pair Corr
0.52	LGLG	LG Electronics	Pair Corr

Related Correlations Analysis

	8SP	2DG	TLX	2GB	INVN	IUI1	INL	RS6	XYTA	MEL
8SP		0.76	0.13	-0.34	-0.76	-0.87	-0.71	-0.81	-0.44	-0.78	8SP
2DG	0.76		-0.03	-0.35	-0.85	-0.89	-0.81	-0.87	-0.49	-0.84	2DG
TLX	0.13	-0.03		-0.16	0.07	0.08	-0.15	0.13	-0.49	0.01	TLX
2GB	-0.34	-0.35	-0.16		0.47	0.36	0.38	0.35	0.62	0.36	2GB
INVN	-0.76	-0.85	0.07	0.47		0.88	0.79	0.89	0.47	0.78	INVN
IUI1	-0.87	-0.89	0.08	0.36	0.88		0.76	0.92	0.42	0.85	IUI1
INL	-0.71	-0.81	-0.15	0.38	0.79	0.76		0.84	0.56	0.82	INL
RS6	-0.81	-0.87	0.13	0.35	0.89	0.92	0.84		0.46	0.86	RS6
XYTA	-0.44	-0.49	-0.49	0.62	0.47	0.42	0.56	0.46		0.43	XYTA
MEL	-0.78	-0.84	0.01	0.36	0.78	0.85	0.82	0.86	0.43		MEL
	8SP	2DG	TLX	2GB	INVN	IUI1	INL	RS6	XYTA	MEL

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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

RS6	+ 0.92	IUI1
RS6	+ 0.89	INVN
IUI1	+ 0.88	INVN
MEL	+ 0.86	RS6
MEL	+ 0.85	IUI1
RS6	+ 0.84	INL

High negative correlations

IUI1	- 0.89	2DG
RS6	- 0.87	2DG
IUI1	- 0.87	8SP
INVN	- 0.85	2DG
MEL	- 0.84	2DG
INL	- 0.81	2DG

Risk-Adjusted Indicators

There is a big difference between 3GX Stock performing well and HF FOODS 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 HF FOODS'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
8SP	2.06	(0.09)	0.00	0.29	0.00	0.00	3.36	(4.74)	20.22
2DG	4.16	(1.30)	0.00	(2.09)	0.00	0.00	7.14	(8.57)	52.42
TLX	0.97	0.04	(0.06)	23.18	1.13	(1.12)	2.67	(1.64)	7.58
2GB	1.82	0.02	(0.02)	0.16	2.20	(2.08)	4.28	(3.67)	13.78
INVN	2.12	0.30	0.06	(1.50)	2.38	(2.54)	5.61	(4.25)	14.01
IUI1	1.27	0.23	0.12	0.83	1.06	(1.50)	3.28	(1.96)	10.30
INL	2.51	0.19	0.11	0.22	2.31	(3.25)	6.80	(3.69)	13.89
RS6	1.39	0.24	0.10	0.67	1.38	(1.60)	2.94	(2.17)	13.51
XYTA	15.79	5.18	0.13	(0.99)	12.41	(69.79)	50.00	(33.33)	233.33
MEL	0.99	0.12	(0.01)	(1.29)	1.15	(1.14)	2.53	(1.58)	6.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in HF FOODS 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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