Holcim Correlations

HCMLF Stock

USD 110.65 3.35 2.94%

The current 90-days correlation between Holcim and HeidelbergCement AG ADR is 0.27 (i.e., Modest diversification). The correlation of Holcim 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.

Holcim Correlation With Market

Good diversification

The correlation between Holcim and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holcim and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Holcim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Holcim 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 Holcim - 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 Holcim to buy it.

Moving together with Holcim Pink Sheet

0.84	HCMLY	Lafargeholcim ADR	Pair Corr
0.61	AHCHY	Anhui Conch Cement	Pair Corr
0.82	WRDEF	Wereldhave NV	Pair Corr
0.7	VGZ	Vista Gold	Pair Corr
0.87	KVUE	Kenvue Inc	Pair Corr
0.68	GMXTF	GMxico Transportes SAB	Pair Corr
0.71	NLY	Annaly Capital Management	Pair Corr
0.81	FNCNF	Fincantieri SpA Upward Rally	Pair Corr
0.82	ISMAF	Indra Sistemas SA	Pair Corr
0.75	DGX	Quest Diagnostics	Pair Corr
0.69	ES	Eversource Energy	Pair Corr
0.76	XIACF	Xiaomi Corp	Pair Corr
0.88	FINMF	Leonardo Spa	Pair Corr
0.86	ENBFF	Enbridge	Pair Corr

Moving against Holcim Pink Sheet

0.73	KB	KB Financial Group	Pair Corr
0.7	VMC	Vulcan Materials	Pair Corr
0.68	MLM	Martin Marietta Materials	Pair Corr
0.59	PPERY	Bank Mandiri Persero Downward Rally	Pair Corr
0.58	BKRKY	Bank Rakyat Downward Rally	Pair Corr
0.56	PBCRF	PT Bank Central	Pair Corr
0.5	PBCRY	Bank Central Asia Downward Rally	Pair Corr
0.49	PPERF	Bank Mandiri Persero	Pair Corr
0.66	SHG	Shinhan Financial	Pair Corr
0.48	NRXP	NRX Pharmaceuticals Earnings Call This Week	Pair Corr
0.36	GRPS	Gold River Prods	Pair Corr

Related Correlations Analysis

	HDELY	AHCHY	BZZUY	WBRBY	USLM	SMID	HCMLY	CPAC	CBUMY	LOMA
HDELY		0.77	0.97	0.94	-0.81	-0.77	0.92	0.31	0.79	-0.68	HDELY
AHCHY	0.77		0.71	0.72	-0.43	-0.4	0.71	0.39	0.56	-0.47	AHCHY
BZZUY	0.97	0.71		0.95	-0.76	-0.72	0.93	0.31	0.81	-0.63	BZZUY
WBRBY	0.94	0.72	0.95		-0.75	-0.7	0.95	0.28	0.84	-0.61	WBRBY
USLM	-0.81	-0.43	-0.76	-0.75		0.97	-0.75	-0.18	-0.69	0.76	USLM
SMID	-0.77	-0.4	-0.72	-0.7	0.97		-0.7	-0.13	-0.65	0.77	SMID
HCMLY	0.92	0.71	0.93	0.95	-0.75	-0.7		0.37	0.88	-0.57	HCMLY
CPAC	0.31	0.39	0.31	0.28	-0.18	-0.13	0.37		0.39	-0.04	CPAC
CBUMY	0.79	0.56	0.81	0.84	-0.69	-0.65	0.88	0.39		-0.49	CBUMY
LOMA	-0.68	-0.47	-0.63	-0.61	0.76	0.77	-0.57	-0.04	-0.49		LOMA
	HDELY	AHCHY	BZZUY	WBRBY	USLM	SMID	HCMLY	CPAC	CBUMY	LOMA

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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

BZZUY	+ 0.97	HDELY
SMID	+ 0.97	USLM
WBRBY	+ 0.95	BZZUY
HCMLY	+ 0.95	WBRBY
WBRBY	+ 0.94	HDELY
HCMLY	+ 0.93	BZZUY

High negative correlations

USLM	- 0.81	HDELY
SMID	- 0.77	HDELY
USLM	- 0.76	BZZUY
HCMLY	- 0.75	USLM
USLM	- 0.75	WBRBY
SMID	- 0.72	BZZUY

Risk-Adjusted Indicators

There is a big difference between Holcim Pink Sheet performing well and Holcim 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 Holcim'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
HDELY	1.86	0.56	0.32	(1.27)	1.62	(2.16)	4.48	(2.77)	20.93
AHCHY	1.50	0.16	0.09	0.13	1.90	(1.55)	3.95	(2.92)	9.03
BZZUY	2.05	0.52	0.32	(2.18)	1.35	(2.82)	5.43	(2.57)	21.52
WBRBY	2.96	0.61	0.21	1.12	2.63	(3.67)	8.23	(5.04)	21.65
USLM	1.85	(0.54)	0.00	(0.55)	0.00	0.00	2.10	(5.51)	10.04
SMID	2.33	(0.38)	0.00	(0.37)	0.00	0.00	4.34	(6.12)	13.29
HCMLY	1.15	0.28	0.17	0.22	1.46	(1.20)	2.54	(2.25)	8.76
CPAC	1.39	(0.04)	0.00	0.33	0.00	0.00	3.04	(2.90)	10.27
CBUMY	1.60	0.26	0.10	0.52	1.77	(3.51)	4.29	(2.41)	28.46
LOMA	2.49	(0.07)	0.00	(0.19)	0.00	0.00	5.19	(5.71)	18.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in Holcim 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.

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Holcim Corporate Management

Jocelyn Gerst	Head Communications	Profile
Feliciano Munoz	Group HR	Profile
Oliver Osswald	Member of the Executive Committee, Regional Head Central and South America	Profile
Mathias Gaertner	Head Compliance	Profile
Martin Kriegner	Member of the Executive Committee, Region Head India and South East Asia	Profile
Jamie PE	Global Unit	Profile

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