HIAG Immobilien Correlations
| HIAG Stock | CHF 84.60 0.80 0.94% |
The current 90-days correlation between HIAG Immobilien Holding and Mobimo Hldg is 0.26 (i.e., Modest diversification). The correlation of HIAG Immobilien 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.
HIAG Immobilien Correlation With Market
Good diversification
The correlation between HIAG Immobilien Holding and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HIAG Immobilien Holding and DJI in the same portfolio, assuming nothing else is changed.
HIAG |
The ability to find closely correlated positions to HIAG Immobilien could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HIAG Immobilien 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 HIAG Immobilien - 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 HIAG Immobilien Holding to buy it.
Moving together with HIAG Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between HIAG Stock performing well and HIAG Immobilien 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 HIAG Immobilien'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALLN | 0.53 | 0.06 | 0.07 | (0.34) | 0.56 | 1.12 | 3.15 | |||
| MOBN | 0.52 | 0.14 | 0.16 | (1.39) | 0.48 | 1.43 | 3.78 | |||
| SPSN | 0.54 | 0.06 | 0.07 | (0.64) | 0.60 | 1.14 | 3.13 | |||
| PSPN | 0.56 | 0.06 | 0.06 | (0.93) | 0.67 | 1.22 | 3.47 | |||
| ISN | 0.49 | 0.08 | 0.10 | (4.14) | 0.53 | 1.16 | 2.66 |
HIAG Immobilien Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with HIAG Immobilien stock to make a market-neutral strategy. Peer analysis of HIAG Immobilien could also be used in its relative valuation, which is a method of valuing HIAG Immobilien by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
HIAG Immobilien Corporate Management
Elected by the shareholders, the HIAG Immobilien's board of directors comprises two types of representatives: HIAG Immobilien inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HIAG. The board's role is to monitor HIAG Immobilien's management team and ensure that shareholders' interests are well served. HIAG Immobilien'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, HIAG Immobilien's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Frank Butz | Director Communication | Profile | |
| Marco MRICS | CEO Board | Profile | |
| Christian Wiesendanger | CFO Director | Profile | |
| Ralf Kng | Head Management | Profile | |
| Sandro Kaiser | Group Controlling | Profile | |
| Sandra Genhart | HR Mang | Profile | |
| Beatrice Gollong | Head Marketing | Profile |