Hasbro Correlations

HAS Stock

USD 60.62 0.66 1.10%

The current 90-days correlation between Hasbro Inc and Planet Fitness is -0.07 (i.e., Good diversification). The correlation of Hasbro 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.

Hasbro Correlation With Market

Average diversification

The correlation between Hasbro Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hasbro Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hasbro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Hasbro Stock

0.73

MAT

Mattel Inc

Pair Corr

Moving against Hasbro Stock

0.64	VMAR	Vision Marine Techno	Pair Corr
0.64	VNCE	Vince Holding Corp	Pair Corr
0.63	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.6	FEBO	Fenbo Holdings	Pair Corr
0.57	WLDS	Wearable Devices	Pair Corr
0.54	CRI	Carters	Pair Corr
0.53	VUZI	Vuzix Corp Cmn	Pair Corr
0.51	FOSL	Fossil Group	Pair Corr
0.42	DTC	Solo Brands	Pair Corr
0.4	DHI	DR Horton	Pair Corr
0.39	DOGZ	Dogness International	Pair Corr
0.37	UA	Under Armour C	Pair Corr
0.37	FORD	Forward Industries	Pair Corr
0.34	EZGO	EZGO Technologies	Pair Corr
0.33	AS	Amer Sports,	Pair Corr
0.32	BZH	Beazer Homes USA	Pair Corr
0.66	HBI	Hanesbrands	Pair Corr
0.59	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.53	SKX	Skechers USA	Pair Corr
0.52	PVH	PVH Corp	Pair Corr
0.49	NVR	NVR Inc	Pair Corr
0.47	KTB	Kontoor Brands	Pair Corr
0.43	REE	Ree Automotive Holding	Pair Corr
0.38	HOV	Hovnanian Enterprises	Pair Corr
0.36	PII	Polaris Industries Sell-off Trend	Pair Corr
0.31	SGC	Superior Uniform	Pair Corr

Related Correlations Analysis

	SEAS	JAKK	PLNT	FNKO	CLAR	FUN	MAT	AOUT	OSW	ESCA
SEAS		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SEAS
JAKK	0.0		0.5	0.64	0.64	0.28	0.43	0.77	0.84	0.33	JAKK
PLNT	0.0	0.5		0.57	0.53	0.32	-0.35	0.63	0.65	0.08	PLNT
FNKO	0.0	0.64	0.57		0.71	0.78	-0.18	0.83	0.73	-0.04	FNKO
CLAR	0.0	0.64	0.53	0.71		0.59	0.04	0.75	0.81	0.44	CLAR
FUN	0.0	0.28	0.32	0.78	0.59		-0.43	0.49	0.51	-0.18	FUN
MAT	0.0	0.43	-0.35	-0.18	0.04	-0.43		0.09	0.11	0.43	MAT
AOUT	0.0	0.77	0.63	0.83	0.75	0.49	0.09		0.83	0.22	AOUT
OSW	0.0	0.84	0.65	0.73	0.81	0.51	0.11	0.83		0.21	OSW
ESCA	0.0	0.33	0.08	-0.04	0.44	-0.18	0.43	0.22	0.21		ESCA
	SEAS	JAKK	PLNT	FNKO	CLAR	FUN	MAT	AOUT	OSW	ESCA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OSW	+ 0.84	JAKK
AOUT	+ 0.83	FNKO
OSW	+ 0.83	AOUT
OSW	+ 0.81	CLAR
FUN	+ 0.78	FNKO
AOUT	+ 0.77	JAKK

High negative correlations

MAT	- 0.43	FUN
MAT	- 0.35	PLNT
ESCA	- 0.18	FUN
MAT	- 0.18	FNKO
ESCA	- 0.04	FNKO
ESCA	- 0.0	SEAS

Risk-Adjusted Indicators

There is a big difference between Hasbro Stock performing well and Hasbro 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 Hasbro'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
SEAS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JAKK	1.91	0.03	0.00	(0.08)	0.00	0.00	2.95	(3.94)	20.78
PLNT	1.51	0.04	0.00	(0.02)	0.00	0.00	3.05	(2.80)	12.63
FNKO	2.46	(0.57)	0.00	(0.65)	0.00	0.00	3.88	(5.36)	21.57
CLAR	2.00	(0.17)	0.00	(0.27)	0.00	0.00	4.02	(3.50)	14.81
FUN	2.02	(0.22)	0.00	(0.25)	0.00	0.00	4.52	(4.95)	12.53
MAT	1.31	0.17	0.10	0.11	1.69	(1.33)	2.20	(2.73)	19.38
AOUT	2.57	0.09	0.00	(0.04)	0.00	0.00	5.86	(6.38)	19.63
OSW	1.72	(0.06)	0.00	(0.14)	0.00	0.00	3.41	(4.33)	14.66
ESCA	2.02	0.00	0.00	(0.09)	0.00	0.00	3.18	(4.64)	11.14

Hasbro Corporate Management

Matthew Austin	Executive Officer	Profile
Jason Bunge	Chief Officer	Profile
Christian Cocks	CEO Director	Profile
Roberta Thomson	Executive Officer	Profile
Timothy Kilpin	Licensing Toy	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC