Hawaiian Hlds Correlations

HA -  USA Stock  

USD 15.43  0.89  6.12%

The correlation of Hawaiian Hlds is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hawaiian Hlds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hawaiian Hlds moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Hawaiian Hlds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hawaiian Hlds 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 Hawaiian Hlds - 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 Hawaiian Hlds to buy it.

Moving together with Hawaiian Hlds

0.95CPACopa Holdings SAPairCorr
0.71DALDelta Air Lines Financial Report 13th of July 2022 PairCorr
0.91MESAMesa Air Group Fiscal Year End 8th of December 2022 PairCorr
0.89GOLGol Linhas AereasPairCorr
0.79LUVSouthwest AirlinesPairCorr
0.64UALUnited Airlines Holdings Earnings Call  In Three WeeksPairCorr
0.9JBLUJetblue Airways CpPairCorr
0.92ALGTAllegiant Travel ComPairCorr
0.9AZULAzul SA ADRPairCorr
0.84AALAmerican AirlinesPairCorr
0.95ALKAlaska Air GroupPairCorr
0.8BBUBrookfield BusinessPairCorr
0.85BCOBrinks CompanyPairCorr
0.76BBarnes GroupPairCorr

Moving against Hawaiian Hlds

0.62CAICAI InternationalPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BADIS
DISINTC
DISCSCO
INTCCSCO
BACSCO
INTCJPM
  
High negative correlations   
BAMRK
DISMRK
MRKCSCO
IBMDIS
IBMCSCO
IBMBA

Hawaiian Hlds Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Hawaiian Hlds stock performing well and Hawaiian Hlds company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Hawaiian Hlds' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
UAL 2.97  0.18  0.00 (0.08)  0.00  0.0116  0.00  5.64 (7.13)  19.37 
CSCO 1.58 (0.18)  0.00 (0.36)  0.00 (0.08)  0.00  2.68 (3.26)  17.06 
JPM 1.46 (0.10)  0.00 (0.27)  0.00 (0.06)  0.00  2.48 (3.00)  10.78 
MRK 1.00  0.32  0.41  0.52  0.81  0.32 (1.18)  2.16 (1.54)  7.44 
INTC 1.88 (0.07)  0.00 (0.23)  0.00 (0.06)  0.00  3.14 (3.64)  13.88 
PFE 1.46  0.02  0.00 (0.15)  0.00  0.0442  0.00  3.17 (3.16)  8.45 
DIS 1.70 (0.36)  0.00 (0.50)  0.00 (0.19)  0.00  3.23 (3.78)  8.79 
BA 2.58 (0.14)  0.00 (0.26)  0.00 (0.07)  0.00  5.44 (5.07)  16.31 
IBM 1.19  0.28  0.20  0.18  1.40  0.19 (1.20)  2.36 (2.47)  11.05 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hawaiian Hlds without increasing your portfolio risk or giving up 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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Portfolio Volatility

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Hawaiian Hlds Corporate Directors

Hawaiian Hlds corporate directors refer to members of a Hawaiian Hlds board of directors. The board of directors generally takes responsibility for the Hawaiian Hlds' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Hawaiian Hlds' board members must vote for the resolution. The Hawaiian Hlds board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Zac Hirzel - DirectorProfile
Duane Woerth - DirectorProfile
Gregory Anderson - Independent DirectorProfile
Samson Poomaihealani - Independent DirectorProfile

Investing Hawaiian Hlds

You need to understand the risk of investing before taking a position in Hawaiian Hlds. The danger of trading Hawaiian Hlds is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hawaiian Hlds is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hawaiian Hlds. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hawaiian Hlds is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the Hawaiian Hlds information on this page should be used as a complementary analysis to other Hawaiian Hlds' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Hawaiian Hlds price analysis, check to measure Hawaiian Hlds' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hawaiian Hlds is operating at the current time. Most of Hawaiian Hlds' value examination focuses on studying past and present price action to predict the probability of Hawaiian Hlds' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hawaiian Hlds' price. Additionally, you may evaluate how the addition of Hawaiian Hlds to your portfolios can decrease your overall portfolio volatility.
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Is Hawaiian Hlds' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hawaiian Hlds. If investors know Hawaiian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hawaiian Hlds listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.076
Market Capitalization
746.3 M
Quarterly Revenue Growth YOY
1.62
Return On Assets
-0.0612
Return On Equity
-0.4
The market value of Hawaiian Hlds is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Hlds' value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Hlds' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hawaiian Hlds' market value can be influenced by many factors that don't directly affect Hawaiian Hlds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hawaiian Hlds' value and its price as these two are different measures arrived at by different means. Investors typically determine Hawaiian Hlds value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Hlds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.