HUDSON GLOBAL Correlations
| HDH1 Stock | EUR 7.40 0.20 2.78% |
The current 90-days correlation between HUDSON GLOBAL INCDL and Global Ship Lease is 0.13 (i.e., Average diversification). The correlation of HUDSON GLOBAL 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.
HUDSON GLOBAL Correlation With Market
Good diversification
The correlation between HUDSON GLOBAL INCDL 001 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 HUDSON GLOBAL INCDL 001 and DJI in the same portfolio, assuming nothing else is changed.
HUDSON |
The ability to find closely correlated positions to HUDSON GLOBAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HUDSON GLOBAL 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 HUDSON GLOBAL - 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 HUDSON GLOBAL INCDL 001 to buy it.
Moving together with HUDSON Stock
| 0.69 | TN3 | TRINET GROUP INC Earnings Call This Week | PairCorr |
| 0.64 | WMT | Walmart | PairCorr |
| 0.63 | WMT | Walmart | PairCorr |
Moving against HUDSON Stock
| 0.74 | 30T | TechnoPro Holdings | PairCorr |
| 0.58 | AMZ | Amazon Inc | PairCorr |
| 0.57 | 59R | PERSOL HOLDINGS LTD | PairCorr |
| 0.56 | AMZ | Amazon Inc | PairCorr |
| 0.54 | RSH | Randstad NV Earnings Call This Week | PairCorr |
| 0.52 | GGS | Gigaset AG | PairCorr |
| 0.46 | ADIA | Adecco Group AG | PairCorr |
| 0.45 | HHP2 | Hon Hai Precision | PairCorr |
| 0.85 | F1YN | Lundin Gold | PairCorr |
| 0.76 | JOT | ELEKTROBIT | PairCorr |
| 0.69 | FA2 | FORWARD AIR P | PairCorr |
| 0.58 | AG8 | AGILENT TECH | PairCorr |
| 0.55 | KOM1 | Komatsu | PairCorr |
| 0.54 | 1W3 | WSP Global | PairCorr |
| 0.52 | WOF | Wolford Aktiengesellscha | PairCorr |
| 0.49 | HEI | Heidelberg Materials | PairCorr |
| 0.46 | E908 | Lyxor 1 | PairCorr |
| 0.44 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.37 | SEBC | Skandinaviska Enskilda | PairCorr |
| 0.35 | DBPE | Xtrackers LevDAX | PairCorr |
Related Correlations Analysis
| 0.89 | 0.21 | 0.73 | 0.38 | 0.76 | EV9 | ||
| 0.89 | 0.16 | 0.91 | 0.39 | 0.7 | RCIB | ||
| 0.21 | 0.16 | 0.11 | 0.58 | 0.3 | FOS | ||
| 0.73 | 0.91 | 0.11 | 0.34 | 0.51 | FW3 | ||
| 0.38 | 0.39 | 0.58 | 0.34 | 0.63 | WS11 | ||
| 0.76 | 0.7 | 0.3 | 0.51 | 0.63 | 37H | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between HUDSON Stock performing well and HUDSON GLOBAL 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 HUDSON GLOBAL'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EV9 | 2.64 | 0.58 | 0.11 | (0.50) | 2.49 | 6.54 | 19.32 | |||
| RCIB | 1.12 | 0.43 | 0.19 | (1.64) | 0.76 | 2.59 | 6.93 | |||
| FOS | 1.39 | 0.22 | 0.05 | (9.69) | 1.28 | 3.23 | 11.53 | |||
| FW3 | 1.21 | 0.53 | 0.00 | 1.13 | 0.00 | 3.48 | 18.48 | |||
| WS11 | 2.26 | 0.32 | 0.09 | 1.43 | 2.06 | 6.61 | 13.96 | |||
| 37H | 1.45 | 0.48 | 0.21 | 3.26 | 1.37 | 4.29 | 9.04 |
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HUDSON GLOBAL Corporate Management
Elected by the shareholders, the HUDSON GLOBAL's board of directors comprises two types of representatives: HUDSON GLOBAL inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HUDSON. The board's role is to monitor HUDSON GLOBAL's management team and ensure that shareholders' interests are well served. HUDSON GLOBAL'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, HUDSON GLOBAL's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mimi Drake | Independent Director | Profile | |
| Connia Nelson | Independent Director | Profile | |
| Matthew Diamond | Principal Financial Officer | Profile | |
| Alan Bazaar | Independent Director | Profile | |
| Richard Coleman | Independent Director | Profile | |
| Ian Nash | Independent Director | Profile |