Hapag-Lloyd Aktiengesellscha Correlations

HPGLY
 Stock
  

USD 129.70  0.89  0.68%   

The correlation of Hapag-Lloyd Aktiengesellscha 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 Hapag-Lloyd Aktiengesellscha moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hapag-Lloyd Aktiengesellschaft ADR 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 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 ADR to buy it.

Moving together with Hapag-Lloyd Aktiengesellscha

0.67AMKAFAP Moeller MaersPairCorr
0.76AMKBYAP Moeller-MaerskPairCorr
0.78BXCBluelinx HoldingsPairCorr

Moving against Hapag-Lloyd Aktiengesellscha

0.77OLLIOllies Bargain CSPairCorr
0.65PROSFProsus NV ClPairCorr

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   
FUBER
UBERMSFT
FMSFT
CRMMSFT
JPMA
JPMF
  
High negative correlations   

Hapag-Lloyd Aktiengesellscha Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Hapag-Lloyd Aktiengesellscha stock performing well and Hapag-Lloyd Aktiengesellscha 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 Hapag-Lloyd Aktiengesellscha's 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
TWTR 2.81  0.10  0.05 (0.01)  3.51  0.04 (2.99)  5.66 (5.40)  36.79 
MSFT 1.92  0.00  0.00 (0.19)  0.00 (0.0357)  0.00  2.97 (4.24)  9.36 
UBER 3.35 (0.41)  0.00 (0.42)  0.00 (0.14)  0.00  6.32 (7.19)  18.56 
F 2.40 (0.33)  0.00 (0.40)  0.00 (0.15)  0.00  3.68 (5.54)  16.83 
T 1.31  0.40  0.28  0.41  1.37  0.26 (1.50)  2.99 (2.47)  12.17 
A 1.98  0.03  0.00 (0.17)  0.00 (0.0044)  0.00  3.19 (3.50)  9.78 
CRM 2.64 (0.04)  0.00 (0.21)  0.00 (0.05)  0.00  6.33 (5.28)  16.84 
JPM 1.46 (0.10)  0.00 (0.29)  0.00 (0.06)  0.00  2.98 (3.00)  10.78 
MRK 1.08  0.30  0.34  0.40  0.99  0.28 (1.26)  2.16 (1.65)  7.61 
XOM 1.96  0.31  0.10  0.14  2.96  0.13 (1.71)  3.03 (3.96)  11.86 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hapag-Lloyd Aktiengesellscha 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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Hapag-Lloyd Aktiengesellscha Corporate Management

Elected by the shareholders, the Hapag-Lloyd Aktiengesellscha's board of directors comprises two types of representatives: Hapag-Lloyd Aktiengesellscha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hapag-Lloyd. The board's role is to monitor Hapag-Lloyd Aktiengesellscha's management team and ensure that shareholders' interests are well served. Hapag-Lloyd Aktiengesellscha's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hapag-Lloyd Aktiengesellscha's outside directors are responsible for providing unbiased perspectives on the board's policies.
Rainer KlemmtNissen - Member of the Supervisory BoardProfile
Karl Gernandt - Member of the Supervisory BoardProfile
Turqi Alnowaiser - Member of the Supervisory BoardProfile
Sheikh AlThani - Member of the Supervisory BoardProfile
Joachim Kramer - Member of the Supervisory BoardProfile

Investing Hapag-Lloyd Aktiengesellschaft ADR

You need to understand the risk of investing before taking a position in Hapag-Lloyd Aktiengesellscha. The danger of trading Hapag-Lloyd Aktiengesellschaft ADR 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 Hapag-Lloyd Aktiengesellscha 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 Hapag-Lloyd Aktiengesellscha. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hapag-Lloyd Aktiengesellscha 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 Hapag-Lloyd Aktiengesellscha information on this page should be used as a complementary analysis to other Hapag-Lloyd Aktiengesellscha's 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Hapag-Lloyd Aktiengesellscha price analysis, check to measure Hapag-Lloyd Aktiengesellscha's 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 Hapag-Lloyd Aktiengesellscha is operating at the current time. Most of Hapag-Lloyd Aktiengesellscha's value examination focuses on studying past and present price action to predict the probability of Hapag-Lloyd Aktiengesellscha's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hapag-Lloyd Aktiengesellscha's price. Additionally, you may evaluate how the addition of Hapag-Lloyd Aktiengesellscha to your portfolios can decrease your overall portfolio volatility.
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Is Hapag-Lloyd Aktiengesellscha's 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 Hapag-Lloyd Aktiengesellscha. If investors know Hapag-Lloyd 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 Hapag-Lloyd Aktiengesellscha 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
2.47
Market Capitalization
45.6 B
Quarterly Revenue Growth YOY
0.96
Return On Assets
0.32
Return On Equity
0.83
The market value of Hapag-Lloyd Aktiengesellscha is measured differently than its book value, which is the value of Hapag-Lloyd that is recorded on the company's balance sheet. Investors also form their own opinion of Hapag-Lloyd Aktiengesellscha's value that differs from its market value or its book value, called intrinsic value, which is Hapag-Lloyd Aktiengesellscha's 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 Hapag-Lloyd Aktiengesellscha's market value can be influenced by many factors that don't directly affect Hapag-Lloyd Aktiengesellscha's 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 Hapag-Lloyd Aktiengesellscha's value and its price as these two are different measures arrived at by different means. Investors typically determine Hapag-Lloyd Aktiengesellscha value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hapag-Lloyd Aktiengesellscha's 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.