Hamilton Global Correlations

ALHGO Stock  EUR 43.20  0.00  0.00%   
The current 90-days correlation between Hamilton Global Oppo and Eurazeo is 0.14 (i.e., Average diversification). The correlation of Hamilton Global 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.

Hamilton Global Correlation With Market

Good diversification

The correlation between Hamilton Global Opportunities and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hamilton Global Opportunities and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Hamilton Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hamilton Global 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 Hamilton Global - 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 Hamilton Global Opportunities to buy it.

Moving together with Hamilton Stock

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  0.93IVA Inventiva SAPairCorr
  0.84OVH OVH Groupe SASPairCorr
  0.83ALNEO Neotion SAPairCorr
  0.72ALO Alstom SAPairCorr
  0.63VK VallourecPairCorr
  0.66AIR Airbus Group SEPairCorr
  0.74EL EssilorLuxottica SPairCorr
  0.63CDA Compagnie des AlpesPairCorr
  0.84MLCFD Compagnie de CheminsPairCorr
  0.71AC Accor S APairCorr

Moving against Hamilton Stock

  0.82TKO Tikehau CapitalPairCorr
  0.64RF EurazeoPairCorr
  0.64ANTIN Antin IP SAPairCorr
  0.57GDS Ramsay Generale DePairCorr
  0.55LTA Altamir SCAPairCorr
  0.65MC LVMH Mot HennessyPairCorr

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   
BLVRF
  
High negative correlations   
OVHRF
BLVOVH

Risk-Adjusted Indicators

There is a big difference between Hamilton Stock performing well and Hamilton Global 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 Hamilton Global'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 Hamilton Global 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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