HSBC Holdings Correlations
| H1SB34 Stock | BRL 83.15 0.18 0.22% |
The current 90-days correlation between HSBC Holdings plc and Delta Air Lines is 0.12 (i.e., Average diversification). The correlation of HSBC Holdings 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.
HSBC Holdings Correlation With Market
Good diversification
The correlation between HSBC Holdings plc and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HSBC Holdings plc and DJI in the same portfolio, assuming nothing else is changed.
HSBC |
The ability to find closely correlated positions to HSBC Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HSBC Holdings 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 HSBC Holdings - 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 HSBC Holdings plc to buy it.
Moving together with HSBC Stock
| 0.79 | B1CS34 | Barclays PLC | PairCorr |
| 0.91 | BABA34 | Alibaba Group Holding | PairCorr |
| 0.85 | ELET3 | Centrais Eltricas | PairCorr |
| 0.61 | HBOR3 | Helbor Empreendimentos | PairCorr |
| 0.73 | BERK34 | Berkshire Hathaway | PairCorr |
Moving against HSBC Stock
| 0.75 | A1MT34 | Applied Materials, | PairCorr |
| 0.69 | CLXC34 | Clorox | PairCorr |
| 0.59 | A1VY34 | Avery Dennison | PairCorr |
| 0.58 | T1SC34 | Tractor Supply | PairCorr |
| 0.45 | WFCO34 | Wells Fargo | PairCorr |
| 0.45 | S1TX34 | Seagate Technology | PairCorr |
| 0.45 | IFCM3 | Infracommerce CXaaS | PairCorr |
| 0.42 | MRFG3 | Marfrig Global Foods | PairCorr |
Related Correlations Analysis
| -0.58 | -0.58 | 0.13 | 0.09 | J1BH34 | ||
| -0.58 | 0.17 | -0.24 | -0.59 | P1YC34 | ||
| -0.58 | 0.17 | -0.11 | 0.5 | DEAI34 | ||
| 0.13 | -0.24 | -0.11 | -0.03 | GPIV33 | ||
| 0.09 | -0.59 | 0.5 | -0.03 | CLOV34 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between HSBC Stock performing well and HSBC Holdings 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 HSBC Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| J1BH34 | 0.10 | 0.04 | 0.00 | (2.94) | 0.00 | 0.00 | 3.34 | |||
| P1YC34 | 0.79 | (0.10) | 0.00 | (0.33) | 0.00 | 2.63 | 9.74 | |||
| DEAI34 | 1.79 | (0.47) | 0.00 | (2.10) | 0.00 | 2.96 | 23.18 | |||
| GPIV33 | 2.58 | (0.03) | 0.00 | 0.42 | 0.00 | 5.45 | 13.05 | |||
| CLOV34 | 3.04 | 0.36 | 0.10 | 0.37 | 3.13 | 6.91 | 18.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in HSBC Holdings 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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HSBC Holdings Corporate Executives
Elected by the shareholders, the HSBC Holdings' board of directors comprises two types of representatives: HSBC Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HSBC. The board's role is to monitor HSBC Holdings' management team and ensure that shareholders' interests are well served. HSBC Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HSBC Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ewen Stevenson | Member CFO | Profile |