Holland Colours Correlations
| HOLCO Stock | EUR 90.50 1.50 1.69% |
The current 90-days correlation between Holland Colours NV and NV Nederlandsche Apparatenfabriek is 0.02 (i.e., Significant diversification). The correlation of Holland Colours 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.
Holland Colours Correlation With Market
Significant diversification
The correlation between Holland Colours NV and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holland Colours NV and DJI in the same portfolio, assuming nothing else is changed.
Holland |
The ability to find closely correlated positions to Holland Colours could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Holland Colours 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 Holland Colours - 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 Holland Colours NV to buy it.
Moving against Holland Stock
| 0.57 | ABN | ABN Amro Group | PairCorr |
| 0.56 | INGA | ING Groep NV | PairCorr |
| 0.52 | SHELL | Shell PLC | PairCorr |
| 0.52 | NN | NN Group NV | PairCorr |
| 0.5 | ASRNL | ASR Nederland NV | PairCorr |
| 0.46 | MT | ArcelorMittal SA | PairCorr |
| 0.41 | AZRN | Azerion Group NV | PairCorr |
| 0.4 | AGN | Aegon NV | PairCorr |
Related Correlations Analysis
| 0.49 | 0.83 | -0.19 | 0.87 | NEDAP | ||
| 0.49 | 0.46 | -0.44 | 0.58 | HYDRA | ||
| 0.83 | 0.46 | 0.02 | 0.84 | ACOMO | ||
| -0.19 | -0.44 | 0.02 | -0.19 | AALB | ||
| 0.87 | 0.58 | 0.84 | -0.19 | TWEKA | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Holland Stock performing well and Holland Colours 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 Holland Colours' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NEDAP | 0.87 | 0.20 | 0.19 | (1.49) | 0.70 | 2.21 | 5.99 | |||
| HYDRA | 0.97 | 0.04 | 0.01 | (0.49) | 1.41 | 3.09 | 11.88 | |||
| ACOMO | 0.56 | 0.12 | 0.19 | (1.80) | 0.34 | 1.45 | 3.10 | |||
| AALB | 1.14 | 0.08 | 0.05 | 0.15 | 1.46 | 2.32 | 10.04 | |||
| TWEKA | 0.92 | 0.32 | 0.25 | 0.82 | 0.82 | 1.75 | 7.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Holland Colours 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.Did you try this?
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Holland Colours Corporate Management
Elected by the shareholders, the Holland Colours' board of directors comprises two types of representatives: Holland Colours inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Holland. The board's role is to monitor Holland Colours' management team and ensure that shareholders' interests are well served. Holland Colours' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Holland Colours' outside directors are responsible for providing unbiased perspectives on the board's policies.
| M MLaw | Ma Affairs | Profile | |
| H Jacobs | Fin Mang | Profile | |
| Geert Rutgers | CFO Management | Profile | |
| Joseph Bauer | Pres Americas | Profile | |
| Gina KluitGonesh | Director Marketing | Profile | |
| Jaime Gomez | Division Americas | Profile | |
| Eelco Hamersveld | CTO Board | Profile |