Hannover Correlations

HVRRY Stock  USD 49.39  0.66  1.32%   
The current 90-days correlation between Hannover Re and Swiss Re is 0.01 (i.e., Significant diversification). The correlation of Hannover 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.

Hannover Correlation With Market

Average diversification

The correlation between Hannover Re and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hannover Re and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Hannover could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hannover 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 Hannover - 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 Hannover Re to buy it.

Moving together with Hannover Pink Sheet

  0.89MURGY Muenchener Rueckver GesPairCorr
  0.89MURGF Münchener RückversicherungPairCorr
  0.82SSREY Swiss RePairCorr
  0.77SSREF Swiss Re AGPairCorr
  0.64HVRRF Hannover Rck SEPairCorr
  0.72SDVKY Sandvik AB ADRPairCorr
  0.84ESLT Elbit Systems Earnings Call This WeekPairCorr
  0.81AZO AutoZonePairCorr
  0.83ASLE AerSale CorpPairCorr
  0.66STAG STAG Industrial Sell-off TrendPairCorr

Moving against Hannover Pink Sheet

  0.59LNDNF Lundin Energy ABPairCorr
  0.45RGA Reinsurance GroupPairCorr
  0.33BAOS Baosheng Media GroupPairCorr
  0.32MRGE Mirage Energy CorpPairCorr

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   
SCRYYSSREY
SPNT-PBSCRYY
SPNT-PBSSREY
  
High negative correlations   
MHLDSSREY
MHLDSCRYY
MHLDSPNT-PB

Risk-Adjusted Indicators

There is a big difference between Hannover Pink Sheet performing well and Hannover 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 Hannover'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.

Be your own money manager

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

Clemens JungsthofelCFO BoardProfile
Sven AlthoffMember of the Executive BoardProfile
Michael PickelMember of the Executive BoardProfile
Klaus MillerMember of the Executive BoardProfile
Karl SteinleGeneral Manager Corporate CommunicationsProfile
Julia HartmannSenior Investor Relations ManagerProfile
JeanJacques HenchozCEO BoardProfile