Holiday Island Correlations

HIHI Stock

USD 0.03 0.01 30.43%

The current 90-days correlation between Holiday Island Holdings and Hong Kong Land is 0.12 (i.e., Average diversification). The correlation of Holiday Island 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.

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

Moving together with Holiday Pink Sheet

0.68	PPERY	Bank Mandiri Persero	Pair Corr
0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.7	BKRKF	PT Bank Rakyat	Pair Corr
0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.69	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Holiday Pink Sheet

0.74	HPQ	HP Inc	Pair Corr
0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.71	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.7	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.67	PTAIF	PT Astra International	Pair Corr
0.67	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.66	SSNLF	Samsung Electronics	Pair Corr
0.62	BAC	Bank of America Aggressive Push	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.59	DIS	Walt Disney Sell-off Trend	Pair Corr
0.58	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.35	TLKMF	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	HNGKY	WARFY	SUHJY	BAYP	SNLAY	SUHJF	DWAHY	CAOVY	LSEA
HNGKY		0.69	0.14	-0.31	0.08	0.03	-0.65	0.32	-0.65	HNGKY
WARFY	0.69		0.51	-0.02	0.56	0.38	-0.79	0.68	-0.68	WARFY
SUHJY	0.14	0.51		0.14	0.67	0.78	-0.32	0.86	-0.06	SUHJY
BAYP	-0.31	-0.02	0.14		0.18	0.16	-0.03	0.06	0.04	BAYP
SNLAY	0.08	0.56	0.67	0.18		0.49	-0.32	0.68	-0.2	SNLAY
SUHJF	0.03	0.38	0.78	0.16	0.49		-0.26	0.7	-0.14	SUHJF
DWAHY	-0.65	-0.79	-0.32	-0.03	-0.32	-0.26		-0.48	0.73	DWAHY
CAOVY	0.32	0.68	0.86	0.06	0.68	0.7	-0.48		-0.35	CAOVY
LSEA	-0.65	-0.68	-0.06	0.04	-0.2	-0.14	0.73	-0.35		LSEA
	HNGKY	WARFY	SUHJY	BAYP	SNLAY	SUHJF	DWAHY	CAOVY	LSEA

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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

CAOVY	+ 0.86	SUHJY
SUHJF	+ 0.78	SUHJY
LSEA	+ 0.73	DWAHY
CAOVY	+ 0.7	SUHJF
WARFY	+ 0.69	HNGKY
CAOVY	+ 0.68	WARFY

High negative correlations

DWAHY	- 0.79	WARFY
LSEA	- 0.68	WARFY
LSEA	- 0.65	HNGKY
DWAHY	- 0.65	HNGKY
CAOVY	- 0.48	DWAHY
LSEA	- 0.35	CAOVY

Risk-Adjusted Indicators

There is a big difference between Holiday Pink Sheet performing well and Holiday Island 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 Holiday Island'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
HNGKY	2.41	0.50	0.11	(0.94)	2.58	(2.71)	5.42	(4.29)	15.68
WARFY	2.76	0.06	(0.02)	(0.11)	3.43	(3.29)	4.74	(5.79)	23.09
SUHJY	1.13	0.10	(0.01)	2.60	1.54	(1.25)	2.15	(2.24)	12.09
BAYP	1.99	(0.99)	0.00	4.18	0.00	0.00	0.00	0.00	66.67
SNLAY	1.85	0.11	(0.03)	(0.05)	2.50	(2.23)	3.84	(5.35)	13.44
SUHJF	2.32	0.23	0.02	0.93	3.32	(4.77)	5.33	(7.31)	27.60
DWAHY	0.87	0.02	(0.08)	(2.85)	1.26	(0.76)	1.72	(1.93)	4.33
CAOVY	3.16	0.25	0.04	0.43	4.24	(3.42)	7.76	(5.99)	33.43
LSEA	2.12	(0.08)	0.00	(0.11)	0.00	0.00	6.12	(4.24)	18.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in Holiday Island 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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