Hapag-Lloyd Aktiengesellscha Correlations

HLAGF Stock

USD 160.70 1.95 1.23%

The current 90-days correlation between Hapag-Lloyd Aktiengesellscha and AP Moeller Maersk AS is 0.05 (i.e., Significant diversification). The correlation of Hapag-Lloyd Aktiengesellscha 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.

Hapag-Lloyd Aktiengesellscha Correlation With Market

Good diversification

The correlation between Hapag Lloyd Aktiengesellschaft and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hapag Lloyd Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hapag-Lloyd Pink Sheet

0.75	HPGLY	Hapag-Lloyd Aktiengesellscha	Pair Corr
0.63	AMKBY	AP Moeller Maersk	Pair Corr
0.65	AMKBF	AP Mller	Pair Corr
0.64	AMKAF	AP Moeller	Pair Corr

Moving against Hapag-Lloyd Pink Sheet

0.59	JPM	JPMorgan Chase	Pair Corr
0.49	BAC	Bank of America	Pair Corr
0.48	AXP	American Express	Pair Corr
0.44	MMM	3M Company	Pair Corr
0.35	HROWM	Harrow Health, 11875	Pair Corr
0.32	WMT	Walmart	Pair Corr

Related Correlations Analysis

	AMKBY	NPNYY	CICOY	AMKAF	AMKBF	MSLOY	OROVF	MSLOF	SITIF	SITIY
AMKBY		0.9	0.28	0.84	0.9	0.88	0.03	0.0	0.04	0.29	AMKBY
NPNYY	0.9		0.15	0.87	0.89	0.97	-0.2	0.0	-0.11	0.27	NPNYY
CICOY	0.28	0.15		0.08	0.2	0.14	0.28	0.0	0.4	0.15	CICOY
AMKAF	0.84	0.87	0.08		0.87	0.88	-0.12	0.0	-0.14	0.23	AMKAF
AMKBF	0.9	0.89	0.2	0.87		0.88	-0.11	0.0	-0.11	0.34	AMKBF
MSLOY	0.88	0.97	0.14	0.88	0.88		-0.18	0.0	-0.1	0.3	MSLOY
OROVF	0.03	-0.2	0.28	-0.12	-0.11	-0.18		0.0	0.6	0.19	OROVF
MSLOF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MSLOF
SITIF	0.04	-0.11	0.4	-0.14	-0.11	-0.1	0.6	0.0		0.14	SITIF
SITIY	0.29	0.27	0.15	0.23	0.34	0.3	0.19	0.0	0.14		SITIY
	AMKBY	NPNYY	CICOY	AMKAF	AMKBF	MSLOY	OROVF	MSLOF	SITIF	SITIY

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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

MSLOY	+ 0.97	NPNYY
NPNYY	+ 0.9	AMKBY
AMKBF	+ 0.9	AMKBY
AMKBF	+ 0.89	NPNYY
MSLOY	+ 0.88	AMKBY
MSLOY	+ 0.88	AMKAF

High negative correlations

OROVF	- 0.2	NPNYY
OROVF	- 0.18	MSLOY
SITIF	- 0.14	AMKAF
OROVF	- 0.12	AMKAF
SITIF	- 0.11	AMKBF
OROVF	- 0.11	AMKBF

Risk-Adjusted Indicators

There is a big difference between Hapag-Lloyd Pink Sheet performing well and Hapag-Lloyd Aktiengesellscha 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 Hapag-Lloyd Aktiengesellscha'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
AMKBY	2.08	0.31	0.13	0.53	2.37	(2.27)	4.56	(3.03)	10.66
NPNYY	1.13	0.07	0.06	0.13	1.64	(1.16)	2.12	(2.42)	8.22
CICOY	1.69	(0.09)	0.00	(0.39)	0.00	0.00	3.42	(3.59)	9.53
AMKAF	2.19	0.18	0.08	(0.19)	2.42	(3.20)	6.06	(5.66)	21.93
AMKBF	2.34	0.15	0.04	0.97	3.06	(3.25)	6.37	(5.31)	24.38
MSLOY	1.16	0.10	0.07	0.15	1.66	(1.13)	2.22	(2.97)	7.67
OROVF	0.48	0.04	0.00	0.16	0.00	0.00	1.10	0.00	13.11
MSLOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITIF	0.87	0.07	0.00	(0.52)	0.00	0.00	0.00	(0.83)	26.62
SITIY	3.53	0.17	0.04	(0.17)	4.44	(6.69)	11.50	(8.85)	32.48

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Our tools can tell you how much better you can do entering a position in Hapag-Lloyd Aktiengesellscha 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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Hapag-Lloyd Aktiengesellscha Corporate Management

Thomas Mansfeld	Chief Officer	Profile
Ralf Belusa	Managing Director	Profile
DonyaFlorence Amer	Chief Board	Profile
Arnold Lipinski	Member of the Supervisory Board, Employee Representative	Profile
Felix Albrecht	Member Officer	Profile

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