Clean Harbors Correlations
| CH6 Stock | EUR 243.00 2.00 0.82% |
The current 90-days correlation between Clean Harbors and GFL ENVIRONM is 0.27 (i.e., Modest diversification). The correlation of Clean Harbors 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.
Clean Harbors Correlation With Market
Weak diversification
The correlation between Clean Harbors and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clean Harbors and DJI in the same portfolio, assuming nothing else is changed.
Clean |
The ability to find closely correlated positions to Clean Harbors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Harbors 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 Clean Harbors - 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 Clean Harbors to buy it.
Moving together with Clean Stock
| 0.78 | UWS | Waste Management | PairCorr |
| 0.75 | RPU | Republic Services | PairCorr |
| 0.7 | 36E | GFL ENVIRONM(SUBVTSH | PairCorr |
| 0.61 | E908 | Lyxor 1 | PairCorr |
Moving against Clean Stock
| 0.62 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.61 | BYRA | PT Bank Rakyat | PairCorr |
| 0.57 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.54 | BYRA | PT Bank Rakyat | PairCorr |
| 0.54 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.53 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.53 | PTI | Perusahaan Perseroan | PairCorr |
| 0.51 | VVD | Veolia Environnement | PairCorr |
| 0.51 | PQ9 | BANK MANDIRI | PairCorr |
| 0.5 | VVD | Veolia Environnement | PairCorr |
| 0.5 | PQ9 | BANK MANDIRI | PairCorr |
| 0.48 | VVDH | Veolia Environnement | PairCorr |
| 0.48 | VVDH | Veolia Environnement | PairCorr |
| 0.48 | BYRA | BANK RAKYAT IND | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Clean Stock performing well and Clean Harbors 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 Clean Harbors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VVDH | 1.00 | (0.09) | 0.00 | 2.65 | 0.00 | 2.08 | 7.27 | |||
| 36E | 1.36 | 0.12 | 0.05 | 0.28 | 1.45 | 3.05 | 7.48 | |||
| 8SP | 2.07 | (0.11) | 0.00 | 0.59 | 0.00 | 3.36 | 20.22 | |||
| 6NM | 1.25 | 0.02 | (0.01) | 0.14 | 1.73 | 2.89 | 9.64 | |||
| 39O1 | 3.53 | 0.06 | (0.01) | 0.49 | 3.52 | 8.41 | 24.06 | |||
| 2DG | 4.16 | (1.39) | 0.00 | (0.70) | 0.00 | 7.14 | 52.42 | |||
| TM9 | 2.82 | 0.01 | 0.00 | 0.09 | 0.00 | 5.56 | 36.50 | |||
| TLX | 0.96 | (0.05) | (0.09) | 0.01 | 1.14 | 2.67 | 7.58 | |||
| INVN | 2.13 | 0.15 | 0.06 | 0.26 | 2.41 | 5.61 | 14.01 | |||
| IUI1 | 1.26 | 0.16 | 0.09 | 0.35 | 1.09 | 3.28 | 10.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Clean Harbors 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.Did you try this?
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Clean Harbors Corporate Management
Elected by the shareholders, the Clean Harbors' board of directors comprises two types of representatives: Clean Harbors inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Clean. The board's role is to monitor Clean Harbors' management team and ensure that shareholders' interests are well served. Clean Harbors' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Clean Harbors' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sharon Gabriel | Ex Officer | Profile | |
| Eric Gerstenberg | Chief Officer | Profile | |
| Robert Speights | Pres Services | Profile | |
| Eric Dugas | Sr Officer | Profile | |
| Brian Weber | Exec Devel | Profile | |
| Michael CPA | Ex CFO | Profile | |
| Alan McKim | Chairman, Founder | Profile |