Hargreaves Lansdown Correlations

HL Stock

1,097 1.00 0.09%

The current 90-days correlation between Hargreaves Lansdown plc and Samsung Electronics Co is -0.16 (i.e., Good diversification). The correlation of Hargreaves Lansdown 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 Hargreaves Lansdown could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hargreaves Lansdown 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 Hargreaves Lansdown - 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 Hargreaves Lansdown plc to buy it.

Moving together with Hargreaves Stock

0.87	CPG	Compass Group PLC	Pair Corr
0.84	0JS2	Kroger	Pair Corr
0.8	HSBK	Halyk Bank	Pair Corr
0.84	GST	GSTechnologies	Pair Corr
0.62	BAR	Eclectic Bar Group	Pair Corr
0.71	0HW4	Charter Communications	Pair Corr
0.77	RR	Rolls Royce Holdings	Pair Corr
0.75	SMDS	DS Smith PLC	Pair Corr
0.8	EZJ	EasyJet PLC	Pair Corr
0.75	0JSC	Bath Body Works	Pair Corr
0.87	0R1O	Amazon Inc	Pair Corr
0.76	0K2K	Molson Coors Beverage	Pair Corr
0.86	0LAI	Summit Materials	Pair Corr
0.78	0HPW	Broadridge Financial	Pair Corr
0.77	0HOY	Boston Scientific Corp	Pair Corr
0.7	0R15	SoftBank Group Corp	Pair Corr
0.78	BGEO	Bank of Georgia	Pair Corr
0.68	0N7I	Cairo Communication SpA	Pair Corr
0.72	III	3I Group PLC	Pair Corr
0.77	0HJI	Automatic Data Processing	Pair Corr
0.91	WISE	Wise plc	Pair Corr
0.63	QBT	Quantum Blockchain	Pair Corr
0.86	MNKS	Monks Investment Trust	Pair Corr

Moving against Hargreaves Stock

0.86	0H3Q	Deutsche Post AG	Pair Corr
0.75	0P6N	Volkswagen AG	Pair Corr
0.71	0P6O	Volkswagen AG Non	Pair Corr
0.61	0LD8	Target Corp	Pair Corr
0.34	0R08	United Parcel Service	Pair Corr
0.68	RIO	Rio Tinto PLC	Pair Corr

Related Correlations Analysis

	SMSD	SMSN	HYUD	TYT	SBID	0R15	RIGD	HSBK	AXB	GTCO
SMSD		0.98	0.86	-0.49	-0.59	-0.69	0.9	-0.8	0.8	-0.46	SMSD
SMSN	0.98		0.87	-0.48	-0.57	-0.72	0.91	-0.84	0.79	-0.51	SMSN
HYUD	0.86	0.87		-0.7	-0.55	-0.8	0.89	-0.9	0.77	-0.58	HYUD
TYT	-0.49	-0.48	-0.7		0.17	0.63	-0.53	0.69	-0.47	0.44	TYT
SBID	-0.59	-0.57	-0.55	0.17		0.44	-0.46	0.55	-0.28	0.61	SBID
0R15	-0.69	-0.72	-0.8	0.63	0.44		-0.79	0.77	-0.63	0.58	0R15
RIGD	0.9	0.91	0.89	-0.53	-0.46	-0.79		-0.79	0.9	-0.48	RIGD
HSBK	-0.8	-0.84	-0.9	0.69	0.55	0.77	-0.79		-0.63	0.69	HSBK
AXB	0.8	0.79	0.77	-0.47	-0.28	-0.63	0.9	-0.63		-0.29	AXB
GTCO	-0.46	-0.51	-0.58	0.44	0.61	0.58	-0.48	0.69	-0.29		GTCO
	SMSD	SMSN	HYUD	TYT	SBID	0R15	RIGD	HSBK	AXB	GTCO

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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

SMSN	+ 0.98	SMSD
RIGD	+ 0.91	SMSN
RIGD	+ 0.9	SMSD
AXB	+ 0.9	RIGD
RIGD	+ 0.89	HYUD
HYUD	+ 0.87	SMSN

High negative correlations

HSBK	- 0.9	HYUD
HSBK	- 0.84	SMSN
0R15	- 0.8	HYUD
HSBK	- 0.8	SMSD
HSBK	- 0.79	RIGD
RIGD	- 0.79	0R15

Risk-Adjusted Indicators

There is a big difference between Hargreaves Stock performing well and Hargreaves Lansdown 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 Hargreaves Lansdown'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
SMSD	1.69	(0.37)	0.00	2.23	0.00	0.00	3.81	(3.51)	10.50
SMSN	1.74	(0.34)	0.00	(6.56)	0.00	0.00	3.19	(4.00)	13.39
HYUD	1.85	(0.29)	0.00	(2.61)	0.00	0.00	3.67	(4.07)	11.89
TYT	0.92	0.08	0.02	(2.26)	1.43	(1.69)	2.39	(2.42)	10.47
SBID	1.07	0.00	(0.02)	0.02	1.25	(1.23)	2.44	(2.30)	8.15
0R15	2.24	0.30	0.09	(0.38)	2.61	(2.46)	5.13	(4.30)	13.83
RIGD	0.94	(0.32)	0.00	1.90	0.00	0.00	1.51	(2.70)	6.39
HSBK	1.01	0.17	0.10	1.80	1.02	(1.11)	2.39	(2.30)	8.48
AXB	1.05	(0.23)	0.00	15.57	0.00	0.00	2.04	(2.74)	6.54
GTCO	0.90	(0.03)	0.00	(0.05)	0.00	0.00	3.93	(3.85)	11.93

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Our tools can tell you how much better you can do entering a position in Hargreaves Lansdown 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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Hargreaves Lansdown Corporate Management

Elected by the shareholders, the Hargreaves Lansdown's board of directors comprises two types of representatives: Hargreaves Lansdown inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hargreaves. The board's role is to monitor Hargreaves Lansdown's management team and ensure that shareholders' interests are well served. Hargreaves Lansdown'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, Hargreaves Lansdown's outside directors are responsible for providing unbiased perspectives on the board's policies.

Chris Worle	Chief Officer	Profile
Penelope Chapman	General Secretary	Profile
Toby Vaughn	Chief Officer	Profile
Lee Gardhouse	Chief Officer	Profile

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