Hermes International Correlations

HESAF Stock

USD 2,780 47.78 1.75%

The current 90-days correlation between Hermes International SCA and Christian Dior SE is -0.01 (i.e., Good diversification). The correlation of Hermes International 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.

Hermes International Correlation With Market

Modest diversification

The correlation between Hermes International SCA and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hermes International SCA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hermes Pink Sheet

0.79	LVMHF	LVMH Mot Hennessy	Pair Corr
0.97	HESAY	Hermes International	Pair Corr
0.72	CHDRY	Christian Dior SE	Pair Corr
0.75	CHDRF	Christian Dior SE	Pair Corr
0.82	SWGAY	Swatch Group AG Earnings Call This Week	Pair Corr
0.91	CFRUY	Compagnie Financiere	Pair Corr
0.89	CFRHF	Compagnie Financière	Pair Corr
0.79	PPRUF	Kering SA	Pair Corr
0.82	PPRUY	Kering SA	Pair Corr
0.65	CNCK	Coincheck Group NV	Pair Corr
0.63	38143CAV3	GOLDMAN SACHS GROUP	Pair Corr
0.63	03937LAA3	ARCH CAP GROUP	Pair Corr

Moving against Hermes Pink Sheet

0.67	TETE	Technology Telecommunicatio	Pair Corr
0.49	IPOAF	Industrias Penoles Sab	Pair Corr
0.38	RGLXY	RTL Group SA	Pair Corr
0.36	013104AL8	NEWALB 8 01	Pair Corr
0.36	ALMTF	Almonty Industries	Pair Corr

Related Correlations Analysis

	CHDRY	BURBY	CFRUY	HESAY	LVMUY	PPRUY	LVMHF	PRDSY	SWGAY	CFRHF
CHDRY		0.89	0.84	0.72	0.0	0.9	0.94	0.94	0.82	0.87	CHDRY
BURBY	0.89		0.9	0.82	0.0	0.93	0.95	0.94	0.85	0.92	BURBY
CFRUY	0.84	0.9		0.91	0.0	0.9	0.91	0.91	0.92	0.98	CFRUY
HESAY	0.72	0.82	0.91		0.0	0.82	0.77	0.79	0.81	0.89	HESAY
LVMUY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	LVMUY
PPRUY	0.9	0.93	0.9	0.82	0.0		0.93	0.96	0.91	0.92	PPRUY
LVMHF	0.94	0.95	0.91	0.77	0.0	0.93		0.97	0.87	0.93	LVMHF
PRDSY	0.94	0.94	0.91	0.79	0.0	0.96	0.97		0.87	0.93	PRDSY
SWGAY	0.82	0.85	0.92	0.81	0.0	0.91	0.87	0.87		0.92	SWGAY
CFRHF	0.87	0.92	0.98	0.89	0.0	0.92	0.93	0.93	0.92		CFRHF
	CHDRY	BURBY	CFRUY	HESAY	LVMUY	PPRUY	LVMHF	PRDSY	SWGAY	CFRHF

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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

CFRHF	+ 0.98	CFRUY
PRDSY	+ 0.97	LVMHF
PRDSY	+ 0.96	PPRUY
LVMHF	+ 0.95	BURBY
LVMHF	+ 0.94	CHDRY
PRDSY	+ 0.94	CHDRY

High negative correlations

CFRHF	- 0.0	LVMUY
SWGAY	- 0.0	LVMUY
PRDSY	- 0.0	LVMUY
LVMHF	- 0.0	LVMUY
PPRUY	- 0.0	LVMUY
LVMUY	- 0.0	HESAY

Risk-Adjusted Indicators

There is a big difference between Hermes Pink Sheet performing well and Hermes International 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 Hermes International'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
CHDRY	2.05	(0.28)	0.00	(1.44)	0.00	0.00	4.16	(5.16)	13.39
BURBY	2.54	(0.62)	0.00	3.13	0.00	0.00	6.10	(4.62)	16.20
CFRUY	1.69	(0.11)	0.00	21.08	0.00	0.00	2.90	(4.39)	11.78
HESAY	1.36	0.05	0.05	0.00	2.09	(1.22)	2.73	(2.66)	9.36
LVMUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PPRUY	2.22	(0.17)	0.00	(0.42)	0.00	0.00	4.73	(4.92)	17.94
LVMHF	1.59	(0.33)	0.00	39.60	0.00	0.00	2.36	(3.30)	15.54
PRDSY	2.50	(0.25)	0.00	(0.49)	0.00	0.00	5.17	(5.24)	20.44
SWGAY	1.64	(0.14)	0.00	0.71	0.00	0.00	3.91	(3.29)	14.55
CFRHF	1.56	(0.10)	0.00	(0.74)	0.00	0.00	3.34	(5.06)	14.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hermes International 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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