HORNBACH Baumarkt Correlations
| HBM Stock | EUR 65.50 1.00 1.55% |
The current 90-days correlation between HORNBACH Baumarkt and INTER CARS SA is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HORNBACH Baumarkt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HORNBACH Baumarkt AG moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
HORNBACH Baumarkt Correlation With Market
Significant diversification
The correlation between HORNBACH Baumarkt AG and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HORNBACH Baumarkt AG and DJI in the same portfolio, assuming nothing else is changed.
HORNBACH |
The ability to find closely correlated positions to HORNBACH Baumarkt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HORNBACH Baumarkt 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 HORNBACH Baumarkt - 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 HORNBACH Baumarkt AG to buy it.
Moving together with HORNBACH Stock
| 0.63 | HCMA | HITACHI CONSTRMACHADR/2 | PairCorr |
| 0.76 | WUW | Wstenrot Wrttembergische | PairCorr |
| 0.66 | CEZ | CEZ a s Earnings Call This Week | PairCorr |
| 0.7 | FTE | Orange SA | PairCorr |
| 0.7 | W25 | West African Resources | PairCorr |
| 0.61 | EVD | CTS EVENTIM | PairCorr |
| 0.68 | 3WB | Waberers International Earnings Call This Week | PairCorr |
| 0.61 | GOB | Compagnie de Saint | PairCorr |
Moving against HORNBACH Stock
| 0.75 | 929 | TOPPS TILES PLC | PairCorr |
| 0.65 | LE3 | LESLIES INC DL | PairCorr |
| 0.52 | 1FD | Floor Decor Holdings | PairCorr |
| 0.46 | HDI | Home Depot | PairCorr |
| 0.46 | BUU | DevEx Resources | PairCorr |
| 0.45 | HDI | Home Depot | PairCorr |
| 0.45 | 4T7 | TAIGA BUILDING PRODS | PairCorr |
| 0.39 | D5LA | REATO GROUP AB | 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 HORNBACH Stock performing well and HORNBACH Baumarkt 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 HORNBACH Baumarkt'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WN6 | 1.31 | (0.27) | 0.00 | (0.54) | 0.00 | 2.48 | 10.86 | |||
| DC7 | 1.67 | (0.07) | 0.00 | (0.19) | 0.00 | 3.71 | 14.96 | |||
| 4GF | 1.98 | (0.10) | 0.00 | 1.11 | 0.00 | 2.86 | 21.75 | |||
| VG8 | 2.81 | 0.42 | 0.10 | 1.29 | 3.45 | 5.79 | 31.51 | |||
| FDU | 3.24 | (0.66) | 0.00 | 3.92 | 0.00 | 5.41 | 22.42 | |||
| 4GF | 1.43 | (0.14) | 0.00 | 4.91 | 0.00 | 2.80 | 7.41 | |||
| 7FZ | 1.66 | 0.16 | 0.12 | 2.76 | 1.97 | 3.45 | 10.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in HORNBACH Baumarkt 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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HORNBACH Baumarkt Corporate Management
Elected by the shareholders, the HORNBACH Baumarkt's board of directors comprises two types of representatives: HORNBACH Baumarkt inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HORNBACH. The board's role is to monitor HORNBACH Baumarkt's management team and ensure that shareholders' interests are well served. HORNBACH Baumarkt's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HORNBACH Baumarkt's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Karin Dohm | CFO Board | Profile | |
| Andreas Schobert | CTO Board | Profile | |
| Erich Harsch | Chairman CEO | Profile | |
| Ingo Leiner | Member Board | Profile | |
| Christian Garrecht | Optv Member | Profile | |
| Karsten Khn | Mark Marketing | Profile | |
| Thomas Wieder | Risk Controlling | Profile |