Hapag-Lloyd Aktiengesellscha Correlations
| HPGLY Stock | USD 79.90 0.90 1.14% |
The current 90-days correlation between Hapag-Lloyd Aktiengesellscha and AP Moeller is 0.03 (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. If the correlation is 0, the equities are not correlated; they are entirely random.
Hapag-Lloyd Aktiengesellscha Correlation With Market
Significant diversification
The correlation between Hapag Lloyd Aktiengesellschaft 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 Hapag Lloyd Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.
Hapag-Lloyd |
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 | HLAGF | Hapag-Lloyd Aktiengesellscha | PairCorr |
| 0.69 | AMKBY | AP Moeller Maersk | PairCorr |
| 0.66 | AMKBF | AP Mller | PairCorr |
| 0.63 | NPNYY | Nippon Yusen Kabushiki | PairCorr |
Moving against Hapag-Lloyd Pink Sheet
| 0.37 | BKRKY | Bank Rakyat Normal Trading | PairCorr |
| 0.32 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.46 | JPM | JPMorgan Chase | PairCorr |
| 0.45 | AXP | American Express | PairCorr |
| 0.43 | MMM | 3M Company | PairCorr |
| 0.42 | BAC | Bank of America | PairCorr |
| 0.33 | HROWM | Harrow Health, 11875 | PairCorr |
Related Correlations Analysis
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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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMKAF | 2.19 | 0.18 | 0.08 | (0.19) | 2.42 | 6.06 | 21.93 | |||
| OROVF | 0.48 | 0.04 | 0.00 | 0.16 | 0.00 | 1.10 | 13.11 | |||
| AMKBF | 2.34 | 0.15 | 0.04 | 0.97 | 3.06 | 6.37 | 24.38 | |||
| MSLOY | 1.16 | 0.10 | 0.07 | 0.15 | 1.66 | 2.22 | 7.67 | |||
| CICOY | 1.69 | (0.09) | 0.00 | (0.39) | 0.00 | 3.42 | 9.53 | |||
| NPNYY | 1.13 | 0.07 | 0.06 | 0.13 | 1.64 | 2.12 | 8.22 | |||
| SBLK | 1.66 | 0.17 | 0.09 | 5.29 | 2.27 | 3.51 | 12.42 | |||
| AMKBY | 2.08 | 0.31 | 0.13 | 0.53 | 2.37 | 4.56 | 10.66 | |||
| OROVY | 0.82 | (0.01) | 0.02 | (0.01) | 1.15 | 3.57 | 7.89 | |||
| HLAGF | 1.80 | 0.03 | 0.02 | (0.12) | 2.89 | 6.16 | 17.44 |
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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 |