Hermes International Correlations

HESAY Stock

USD 287.60 2.27 0.80%

The current 90-days correlation between Hermes International and LVMH Mot Hennessy is -0.11 (i.e., Good diversification). The correlation of Hermes International 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.

Hermes International Correlation With Market

Significant diversification

The correlation between Hermes International SA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hermes International SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hermes Pink Sheet

0.83	LVMHF	LVMH Mot Hennessy	Pair Corr
1.0	HESAF	Hermes International SCA	Pair Corr
0.72	CHDRY	Christian Dior SE	Pair Corr
0.64	CFRUY	Compagnie Financiere	Pair Corr
0.99	CFRHF	Compagnie Financière	Pair Corr
0.64	AXIL	AXIL Brands,	Pair Corr
0.69	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr
0.65	KPLTW	Katapult Holdings Equity	Pair Corr
0.73	ATRC	AtriCure	Pair Corr
0.66	AGI	Alamos Gold Sell-off Trend	Pair Corr

Moving against Hermes Pink Sheet

0.57	PBCRY	Bank Central Asia	Pair Corr
0.45	PTAIY	Astra International Tbk Earnings Call Today	Pair Corr
0.43	PBCRF	PT Bank Central	Pair Corr
0.42	PPERF	Bank Mandiri Persero	Pair Corr
0.41	TLK	Telkom Indonesia Tbk	Pair Corr
0.33	PPERY	Bank Mandiri Persero	Pair Corr
0.73	U4R90AAB4	HLF 4875 01	Pair Corr
0.54	IPIX	Innovation Pharmaceuticals	Pair Corr
0.44	PDPG	Liberty International	Pair Corr

Related Correlations Analysis

	LVMHF	PPRUY	CPRI	TPR	CHDRF	PPRUF	PRDSF	CFRUY	BURBY	PRDSY
LVMHF		0.55	0.35	0.51	0.57	0.55	0.33	0.64	0.61	0.22	LVMHF
PPRUY	0.55		0.24	0.85	0.7	0.86	0.57	0.85	0.76	0.74	PPRUY
CPRI	0.35	0.24		0.26	0.49	0.17	0.1	0.41	0.37	0.05	CPRI
TPR	0.51	0.85	0.26		0.81	0.84	0.82	0.92	0.8	0.69	TPR
CHDRF	0.57	0.7	0.49	0.81		0.75	0.67	0.9	0.77	0.59	CHDRF
PPRUF	0.55	0.86	0.17	0.84	0.75		0.59	0.83	0.73	0.73	PPRUF
PRDSF	0.33	0.57	0.1	0.82	0.67	0.59		0.66	0.46	0.49	PRDSF
CFRUY	0.64	0.85	0.41	0.92	0.9	0.83	0.66		0.92	0.65	CFRUY
BURBY	0.61	0.76	0.37	0.8	0.77	0.73	0.46	0.92		0.6	BURBY
PRDSY	0.22	0.74	0.05	0.69	0.59	0.73	0.49	0.65	0.6		PRDSY
	LVMHF	PPRUY	CPRI	TPR	CHDRF	PPRUF	PRDSF	CFRUY	BURBY	PRDSY

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Risk-Adjusted Indicators

There is a big difference between Hermes Pink Sheet performing well and Hermes International 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 Hermes International'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
LVMHF	1.59	0.27	0.12	1.04	1.87	(1.59)	3.98	(2.95)	15.50
PPRUY	2.02	0.34	0.13	1.66	2.15	(2.12)	5.78	(3.79)	12.10
CPRI	2.14	0.01	0.00	(0.04)	2.92	(2.16)	5.18	(4.43)	20.30
TPR	1.66	0.62	0.38	(2.32)	1.22	(2.06)	3.73	(2.71)	15.03
CHDRF	1.18	0.27	0.09	0.90	1.25	(2.85)	5.11	(2.75)	11.22
PPRUF	2.66	0.39	0.12	1.92	2.77	(3.03)	5.83	(4.40)	17.72
PRDSF	2.49	0.31	0.07	1.75	2.69	(4.89)	8.49	(6.66)	21.85
CFRUY	1.36	0.60	0.50	(15.25)	0.70	(1.76)	2.94	(1.92)	18.24
BURBY	1.86	0.23	0.11	0.48	1.91	(2.15)	4.30	(3.41)	15.32
PRDSY	2.31	0.22	0.07	(0.32)	2.64	(2.77)	4.07	(4.99)	14.08

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hermes International 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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