Hayward Holdings Correlations

HAYW Stock

USD 13.99 0.24 1.69%

The current 90-days correlation between Hayward Holdings and Kimball Electronics is 0.28 (i.e., Modest diversification). The correlation of Hayward 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Hayward Holdings Correlation With Market

Very weak diversification

The correlation between Hayward Holdings and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hayward Holdings 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 Hayward Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Hayward Stock please use our How to Invest in Hayward Holdings guide.

Moving together with Hayward Stock

0.65	TE	T1 Energy Symbol Change	Pair Corr
0.72	EAF	GrafTech International	Pair Corr
0.66	ESP	Espey Mfg Electronics	Pair Corr
0.69	XPON	Expion360	Pair Corr
0.67	HUBB	Hubbell	Pair Corr
0.61	PPSI	Pioneer Power Solutions	Pair Corr

Moving against Hayward Stock

0.43	APWC	Asia Pacific Wire	Pair Corr
0.38	CAPTW	Captivision Warrant	Pair Corr

Related Correlations Analysis

	KE	HOLI	ENS	ESP	ENR	AYI	PLPC	NEOVW	ADSE
KE		0.0	-0.34	0.64	0.68	0.42	-0.09	0.44	0.45	KE
HOLI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HOLI
ENS	-0.34	0.0		-0.28	-0.36	0.27	0.14	-0.19	0.12	ENS
ESP	0.64	0.0	-0.28		0.76	0.53	0.07	0.55	0.51	ESP
ENR	0.68	0.0	-0.36	0.76		0.54	-0.25	0.71	0.62	ENR
AYI	0.42	0.0	0.27	0.53	0.54		0.22	0.38	0.73	AYI
PLPC	-0.09	0.0	0.14	0.07	-0.25	0.22		-0.4	-0.04	PLPC
NEOVW	0.44	0.0	-0.19	0.55	0.71	0.38	-0.4		0.46	NEOVW
ADSE	0.45	0.0	0.12	0.51	0.62	0.73	-0.04	0.46		ADSE
	KE	HOLI	ENS	ESP	ENR	AYI	PLPC	NEOVW	ADSE

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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

ENR	+ 0.76	ESP
ADSE	+ 0.73	AYI
NEOVW	+ 0.71	ENR
ENR	+ 0.68	KE
ESP	+ 0.64	KE
ADSE	+ 0.62	ENR

High negative correlations

NEOVW	- 0.4	PLPC
ENR	- 0.36	ENS
ENS	- 0.34	KE
ESP	- 0.28	ENS
PLPC	- 0.25	ENR
NEOVW	- 0.19	ENS

Risk-Adjusted Indicators

There is a big difference between Hayward Stock performing well and Hayward 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 Hayward 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
KE	1.49	(0.09)	0.00	(0.17)	0.00	0.00	2.21	(3.39)	10.46
HOLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENS	1.28	0.10	0.08	0.07	1.54	(1.30)	2.47	(2.66)	7.78
ESP	1.78	(0.04)	0.00	(0.23)	0.00	0.00	3.01	(3.33)	15.86
ENR	1.01	(0.24)	0.00	(0.71)	0.00	0.00	1.73	(2.76)	6.06
AYI	1.47	(0.14)	0.00	(0.18)	0.00	0.00	2.19	(3.77)	10.25
PLPC	1.83	0.33	0.14	0.20	2.07	(1.97)	2.63	(3.75)	19.38
NEOVW	9.14	(0.74)	0.00	0.58	0.00	0.00	16.11	(21.97)	43.49
ADSE	1.40	0.02	0.03	0.00	2.04	(1.51)	3.16	(2.96)	11.01

Hayward Holdings Corporate Management

Dario Ramirez	VP World	Profile
Greg Brenneman	Director	Profile
Lori Walker	Independent Director	Profile
Kevin Maczka	Vice Relations	Profile
Ali Afraz	Director	Profile
Mark Mcfadden	Independent Director	Profile
Kevin Gallagher	Global Officer	Profile

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