Hunas Falls Correlations

HUNAN0000

LKR 24.90 0.20 0.80%

The current 90-days correlation between Hunas Falls Hotels and Lanka Credit and is -0.13 (i.e., Good diversification). The correlation of Hunas Falls 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.

Hunas Falls Correlation With Market

Average diversification

The correlation between Hunas Falls Hotels and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hunas Falls Hotels and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Hunas Stock

0.77	PLRN0000	Prime Lands Residencies	Pair Corr
0.67	JATN0000	Jat Holdings PLC	Pair Corr
0.55	EMLN0000	E M L	Pair Corr
0.55	VLLX0000	VIDULLANKA PLC	Pair Corr
0.53	PACKN0000	EX PACK RUGATED	Pair Corr
0.49	LCBFN0000	Lanka Credit	Pair Corr

Related Correlations Analysis

	LCBFN0000	VLLX0000	CARSN0000	PINSN0000	NTBN0000	MRHN0000	DISTN0000	PALMN0000	SHOTN0000
LCBFN0000		0.45	0.54	0.83	0.65	0.59	0.64	0.74	0.66	LCBFN0000
VLLX0000	0.45		0.48	0.38	0.71	0.26	0.61	0.43	0.6	VLLX0000
CARSN0000	0.54	0.48		0.7	0.9	0.8	0.87	0.8	0.89	CARSN0000
PINSN0000	0.83	0.38	0.7		0.73	0.8	0.74	0.9	0.81	PINSN0000
NTBN0000	0.65	0.71	0.9	0.73		0.75	0.91	0.82	0.93	NTBN0000
MRHN0000	0.59	0.26	0.8	0.8	0.75		0.67	0.9	0.86	MRHN0000
DISTN0000	0.64	0.61	0.87	0.74	0.91	0.67		0.72	0.81	DISTN0000
PALMN0000	0.74	0.43	0.8	0.9	0.82	0.9	0.72		0.92	PALMN0000
SHOTN0000	0.66	0.6	0.89	0.81	0.93	0.86	0.81	0.92		SHOTN0000
	LCBFN0000	VLLX0000	CARSN0000	PINSN0000	NTBN0000	MRHN0000	DISTN0000	PALMN0000	SHOTN0000

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Risk-Adjusted Indicators

There is a big difference between Hunas Stock performing well and Hunas Falls 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 Hunas Falls' 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
LCBFN0000	2.68	0.38	0.07	0.59	2.61	(5.11)	5.00	(4.55)	14.07
VLLX0000	1.46	0.09	0.02	0.19	2.27	(2.58)	4.56	(2.22)	21.17
CARSN0000	1.30	0.34	0.09	(0.72)	1.21	(1.92)	3.73	(3.10)	10.24
PINSN0000	1.63	0.50	0.21	(1.80)	1.17	(2.28)	4.76	(2.22)	9.76
NTBN0000	1.27	0.57	0.39	(2.11)	0.61	(1.67)	3.96	(1.86)	6.18
MRHN0000	2.49	0.83	0.18	(0.74)	2.09	(3.66)	8.70	(5.00)	20.33
DISTN0000	1.04	0.54	0.39	(1.83)	0.30	(1.37)	3.24	(1.22)	6.36
PALMN0000	2.04	0.84	0.42	(0.85)	0.87	(3.07)	6.85	(2.53)	11.85
SHOTN0000	1.90	0.74	0.34	6.45	1.32	(2.48)	6.06	(2.50)	11.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hunas Falls 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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