Hoegh Autoliners Correlations
| HAUTO Stock | 95.50 0.50 0.53% |
The current 90-days correlation between Hoegh Autoliners ASA and Endur ASA is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hoegh Autoliners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hoegh Autoliners ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Hoegh Autoliners Correlation With Market
Good diversification
The correlation between Hoegh Autoliners ASA and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hoegh Autoliners ASA and DJI in the same portfolio, assuming nothing else is changed.
Hoegh |
The ability to find closely correlated positions to Hoegh Autoliners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hoegh Autoliners 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 Hoegh Autoliners - 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 Hoegh Autoliners ASA to buy it.
Moving together with Hoegh Stock
Moving against Hoegh Stock
| 0.58 | OET | Okeanis Eco Tankers | PairCorr |
| 0.56 | ZAL | Zalaris ASA | PairCorr |
| 0.53 | FRO | Frontline | PairCorr |
| 0.5 | DSRT | Desert Control AS | PairCorr |
| 0.49 | HERMA | Hermana Holding ASA | PairCorr |
| 0.36 | MPCES | MPC Energy Solutions | PairCorr |
| 0.87 | SHLF | Shelf Drilling | PairCorr |
| 0.69 | NYKD | Nykode Therapeutics ASA | PairCorr |
| 0.69 | TGS | TGS NOPEC Geophysical | PairCorr |
| 0.61 | TIETO | TietoEVRY Oyj | PairCorr |
| 0.41 | SB68 | Sparebank 68 Grader | PairCorr |
| 0.32 | STB | Storebrand ASA | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hoegh Stock performing well and Hoegh Autoliners 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 Hoegh Autoliners' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SOFF | 1.44 | (0.29) | 0.00 | 0.50 | 0.00 | 2.32 | 7.92 | |||
| MULTI | 1.00 | 0.03 | (0.04) | (0.08) | 1.16 | 2.47 | 7.06 | |||
| 2020 | 0.88 | (0.02) | 0.00 | 0.96 | 0.00 | 2.08 | 6.18 | |||
| HSHP | 1.72 | 0.04 | 0.00 | 0.17 | 1.87 | 3.54 | 10.78 | |||
| ENDUR | 1.06 | 0.05 | (0.01) | 0.30 | 1.13 | 2.63 | 7.48 | |||
| NEL | 2.76 | 0.07 | (0.01) | (0.22) | 3.00 | 7.56 | 28.07 | |||
| AKVA | 1.24 | (0.05) | 0.00 | (5.57) | 0.00 | 2.91 | 8.22 | |||
| ENVIP | 1.99 | (0.39) | 0.00 | (1.09) | 0.00 | 2.99 | 9.90 | |||
| CAMBI | 2.18 | (0.21) | 0.00 | (0.44) | 0.00 | 4.49 | 13.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hoegh Autoliners 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.Did you try this?
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Hoegh Autoliners Corporate Management
Elected by the shareholders, the Hoegh Autoliners' board of directors comprises two types of representatives: Hoegh Autoliners inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hoegh. The board's role is to monitor Hoegh Autoliners' management team and ensure that shareholders' interests are well served. Hoegh Autoliners' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hoegh Autoliners' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Oskar Orstadius | Chief Officer | Profile | |
| Sebjrn Dahl | Chief Officer | Profile | |
| Laura Exner | Chief Officer | Profile | |
| Per Rosmo | Chief Officer | Profile | |
| Espen Stubberud | Chief Officer | Profile | |
| Andreas Enger | Chief Officer | Profile | |
| Lise Duetoft | Chief Officer | Profile |