HAL Trust Correlations

HALFF Stock

USD 143.34 2.72 1.86%

The current 90-days correlation between HAL Trust and 3i Group plc is -0.05 (i.e., Good diversification). The correlation of HAL Trust 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.

HAL Trust Correlation With Market

Significant diversification

The correlation between HAL Trust and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HAL Trust and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with HAL Pink Sheet

0.73	BX	Blackstone Group	Pair Corr
0.9	BLK	BlackRock	Pair Corr
0.61	APO	Apollo Global Management	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.82	ARES	Ares Management LP	Pair Corr
0.84	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.91	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.82	PTAIF	PT Astra International	Pair Corr
0.88	DIS	Walt Disney	Pair Corr
0.84	AA	Alcoa Corp	Pair Corr
0.92	CSCO	Cisco Systems	Pair Corr
0.88	GE	GE Aerospace Earnings Call Today	Pair Corr
0.77	MMM	3M Company	Pair Corr
0.87	CVX	Chevron Corp	Pair Corr
0.69	INTC	Intel Earnings Call This Week	Pair Corr
0.91	CAT	Caterpillar	Pair Corr
0.88	BAC	Bank of America	Pair Corr
0.64	XOM	Exxon Mobil Corp	Pair Corr
0.85	BA	Boeing Earnings Call This Week	Pair Corr

Moving against HAL Pink Sheet

0.45	KO	Coca Cola Earnings Call Today	Pair Corr
0.41	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	TGOPF	PGPHF	BUR	PNNT	SAUHY	RCRUY	ATLKY	MKKGY	KNRRY
TGOPF		0.19	0.13	0.5	0.47	0.22	0.28	0.06	0.42	TGOPF
PGPHF	0.19		0.48	0.61	0.57	0.4	0.61	-0.11	0.37	PGPHF
BUR	0.13	0.48		0.1	0.09	0.11	0.21	0.37	-0.08	BUR
PNNT	0.5	0.61	0.1		0.7	0.16	0.6	-0.45	0.29	PNNT
SAUHY	0.47	0.57	0.09	0.7		0.64	0.74	-0.13	0.55	SAUHY
RCRUY	0.22	0.4	0.11	0.16	0.64		0.46	0.22	0.71	RCRUY
ATLKY	0.28	0.61	0.21	0.6	0.74	0.46		-0.24	0.46	ATLKY
MKKGY	0.06	-0.11	0.37	-0.45	-0.13	0.22	-0.24		0.18	MKKGY
KNRRY	0.42	0.37	-0.08	0.29	0.55	0.71	0.46	0.18		KNRRY
	TGOPF	PGPHF	BUR	PNNT	SAUHY	RCRUY	ATLKY	MKKGY	KNRRY

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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

ATLKY	+ 0.74	SAUHY
KNRRY	+ 0.71	RCRUY
SAUHY	+ 0.7	PNNT
RCRUY	+ 0.64	SAUHY
PNNT	+ 0.61	PGPHF
ATLKY	+ 0.61	PGPHF

High negative correlations

MKKGY	- 0.45	PNNT
MKKGY	- 0.24	ATLKY
MKKGY	- 0.13	SAUHY
MKKGY	- 0.11	PGPHF
KNRRY	- 0.08	BUR

Risk-Adjusted Indicators

There is a big difference between HAL Pink Sheet performing well and HAL Trust 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 HAL Trust'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
TGOPF	1.42	0.18	0.01	(2.64)	1.53	(2.13)	4.16	(3.15)	9.82
PGPHF	1.81	0.21	0.03	(7.24)	2.30	(1.86)	4.02	(3.79)	14.17
BUR	2.12	(0.08)	(0.01)	0.07	3.17	(2.35)	3.57	(3.97)	29.84
PNNT	1.04	0.15	0.07	0.33	1.43	(1.11)	2.26	(2.24)	8.32
SAUHY	1.57	(0.01)	0.01	0.13	1.81	(1.64)	2.95	(3.25)	11.56
RCRUY	1.84	(0.05)	(0.03)	0.08	2.45	(1.85)	4.63	(3.66)	9.00
ATLKY	1.42	0.05	(0.05)	(0.07)	2.17	(1.44)	2.95	(2.47)	8.83
MKKGY	1.36	(0.08)	0.00	(0.02)	0.00	0.00	2.79	(2.70)	11.62
KNRRY	1.25	0.19	0.02	(0.92)	1.18	(1.53)	2.90	(2.22)	8.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in HAL Trust 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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