Hercules Capital Correlations

19H Stock

EUR 16.89 0.13 0.78%

The current 90-days correlation between Hercules Capital and KAUFMAN ET BROAD is -0.06 (i.e., Good diversification). The correlation of Hercules Capital 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.

Hercules Capital Correlation With Market

Good diversification

The correlation between Hercules Capital and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hercules Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hercules Stock

0.71	F6H	Far East Horizon	Pair Corr
0.67	46P1	Paragon Banking Group	Pair Corr
0.73	BEW	DIVERSIFIED ROYALTY	Pair Corr
0.73	TM2	Sydbank A/S	Pair Corr
0.62	KOM1	Komatsu	Pair Corr
0.72	HEI	Heidelberg Materials	Pair Corr
0.71	FA2	FORWARD AIR P	Pair Corr
0.61	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Hercules Stock

0.7	5F3	JINS HOLDINGS INC	Pair Corr
0.59	YHA	Yamaha	Pair Corr
0.49	BFP	BBVA Banco Frances	Pair Corr
0.47	5FV	YAOKO LTD	Pair Corr
0.31	SON1	Sony Group Corp	Pair Corr
0.61	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	TBCN	1YD	ROW	3GH	GRU	9IRA	5B9	CN6
TBCN		0.67	0.12	-0.05	0.66	0.62	-0.48	0.51	TBCN
1YD	0.67		0.67	0.47	0.73	0.64	-0.07	0.61	1YD
ROW	0.12	0.67		0.68	0.53	0.31	0.49	0.33	ROW
3GH	-0.05	0.47	0.68		0.25	0.03	0.32	0.14	3GH
GRU	0.66	0.73	0.53	0.25		0.72	-0.06	0.57	GRU
9IRA	0.62	0.64	0.31	0.03	0.72		-0.14	0.62	9IRA
5B9	-0.48	-0.07	0.49	0.32	-0.06	-0.14		-0.1	5B9
CN6	0.51	0.61	0.33	0.14	0.57	0.62	-0.1		CN6
	TBCN	1YD	ROW	3GH	GRU	9IRA	5B9	CN6

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GRU	+ 0.73	1YD
9IRA	+ 0.72	GRU
3GH	+ 0.68	ROW
1YD	+ 0.67	TBCN
ROW	+ 0.67	1YD
GRU	+ 0.66	TBCN

High negative correlations

5B9	- 0.48	TBCN
5B9	- 0.14	9IRA
CN6	- 0.1	5B9
5B9	- 0.07	1YD
5B9	- 0.06	GRU
3GH	- 0.05	TBCN

Risk-Adjusted Indicators

There is a big difference between Hercules Stock performing well and Hercules Capital 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 Hercules Capital'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TBCN	1.93	0.58	0.14	(3.63)	1.32	(3.93)	5.71	(2.78)	16.16
1YD	1.96	0.61	0.29	1.38	1.48	(2.43)	5.06	(3.20)	12.96
ROW	1.40	0.22	0.01	(0.31)	1.46	(1.57)	4.17	(2.51)	7.92
3GH	1.27	0.20	(0.01)	(0.20)	1.58	(1.40)	3.45	(2.58)	12.38
GRU	2.26	0.41	0.12	2.79	2.24	(2.84)	4.59	(4.15)	21.00
9IRA	2.99	0.83	0.20	(1.21)	2.42	(4.15)	7.09	(4.73)	24.15
5B9	1.30	0.01	0.00	0.07	0.00	0.00	1.96	(2.78)	11.36
CN6	1.38	0.28	0.04	(0.61)	1.27	(2.52)	3.80	(2.03)	9.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hercules Capital 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?

Run Money Managers Now

Money Managers

Screen money managers from public funds and ETFs managed around the world

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC