Heidelberg Materials Correlations
| HEI Stock | EUR 174.75 4.20 2.35% |
The current 90-days correlation between Heidelberg Materials and ARISTOCRAT LEISURE is -0.1 (i.e., Good diversification). The correlation of Heidelberg Materials 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.
Heidelberg Materials Correlation With Market
Good diversification
The correlation between Heidelberg Materials AG and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heidelberg Materials AG and DJI in the same portfolio, assuming nothing else is changed.
Heidelberg |
The ability to find closely correlated positions to Heidelberg Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heidelberg Materials 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 Heidelberg Materials - 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 Heidelberg Materials AG to buy it.
Moving together with Heidelberg Stock
| 0.9 | GOB | Compagnie de Saint | PairCorr |
| 0.61 | AQE | Anhui Conch Cement | PairCorr |
| 0.95 | HEI | Heidelberg Materials | PairCorr |
| 0.75 | EUH | Eurasia Mining Plc | PairCorr |
| 0.71 | AF4 | Hanover Insurance | PairCorr |
| 0.85 | NOA3 | Nokia | PairCorr |
| 0.86 | DPU | DUNDEE PRECIOUS MET | PairCorr |
| 0.63 | IBE1 | Iberdrola SA | PairCorr |
| 0.65 | ZHJ | Zhejiang Expressway Earnings Call This Week | PairCorr |
| 0.73 | IZZ | TAL Education Group | PairCorr |
| 0.85 | YSN | secunet Security Networks Earnings Call Tomorrow | PairCorr |
| 0.64 | NST | STEULER FLIESENGRUPPE | PairCorr |
| 0.8 | WPHB | Warehouses De Pauw | PairCorr |
| 0.66 | KGHA | KGHM Polska Miedz Earnings Call This Week | PairCorr |
| 0.91 | ALVE | ALLIANZ SE UNSPADR | PairCorr |
| 0.8 | 07M | CN MODERN DAIRY | PairCorr |
| 0.85 | 7AA | APERAM REG | PairCorr |
| 0.79 | 07M | China Modern Dairy | PairCorr |
| 0.68 | MARA | MARUBENI CORP | PairCorr |
| 0.88 | DEZ | Deutz AG Earnings Call Tomorrow | PairCorr |
| 0.84 | AG1 | AUTO1 Group SE | PairCorr |
| 0.8 | GG7 | GRIFFIN MINING LTD | PairCorr |
| 0.73 | 4BB1 | BUDWEISER BREWUNSPADR/4 | PairCorr |
| 0.77 | 19YA | Yiren Digital Earnings Call Today | PairCorr |
Moving against Heidelberg Stock
| 0.79 | TEY | Teradyne | PairCorr |
| 0.73 | MMX | Martin Marietta Materials | PairCorr |
| 0.66 | DKI | Daikin IndustriesLtd | PairCorr |
| 0.65 | VMC | Vulcan Materials | PairCorr |
| 0.64 | 03F | IDP EDUCATION LTD | 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 Heidelberg Stock performing well and Heidelberg Materials 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 Heidelberg Materials' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AC8 | 1.00 | (0.05) | 0.00 | (0.19) | 0.00 | 2.34 | 8.62 | |||
| BMT | 0.95 | 0.11 | 0.10 | (6.60) | 1.82 | 2.00 | 13.42 | |||
| CUW | 1.28 | (0.18) | 0.00 | (0.70) | 0.00 | 3.09 | 12.72 | |||
| PL8 | 0.95 | (0.03) | 0.00 | 17.81 | 0.00 | 2.13 | 6.46 | |||
| PL8 | 1.25 | (0.03) | 0.00 | (0.56) | 0.00 | 2.49 | 7.26 | |||
| DPD3 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 2GL | 1.06 | (0.10) | 0.00 | 0.56 | 0.00 | 2.34 | 7.62 | |||
| 8DA1 | 1.81 | (0.06) | 0.00 | (0.27) | 0.00 | 3.09 | 21.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Heidelberg Materials 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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Heidelberg Materials Corporate Management
Elected by the shareholders, the Heidelberg Materials' board of directors comprises two types of representatives: Heidelberg Materials inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Heidelberg. The board's role is to monitor Heidelberg Materials' management team and ensure that shareholders' interests are well served. Heidelberg Materials' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Heidelberg Materials' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anna Toborek | Director Fin | Profile | |
| Dominik Achten | Chairman Board | Profile | |
| Jon Morrish | Member Board | Profile | |
| Dennis Lentz | Chief Board | Profile | |
| Chris Ward | Member Board | Profile | |
| Nicola Kimm | Chief Board | Profile | |
| Ren Aldach | CFO Board | Profile |