Helmerich Payne Correlations
| HPC Stock | EUR 14.77 0.40 2.78% |
The current 90-days correlation between Helmerich Payne and Diversified Healthcare Trust is -0.06 (i.e., Good diversification). The correlation of Helmerich Payne 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.
Helmerich Payne Correlation With Market
Significant diversification
The correlation between Helmerich Payne and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Helmerich Payne and DJI in the same portfolio, assuming nothing else is changed.
Helmerich |
The ability to find closely correlated positions to Helmerich Payne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helmerich Payne 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 Helmerich Payne - 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 Helmerich Payne to buy it.
Moving together with Helmerich Stock
Moving against Helmerich Stock
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| 0.81 | HKT | HK Electric Investments | PairCorr |
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| 0.78 | TB8A | Afentra PLC | PairCorr |
| 0.78 | 4DS | Daldrup Shne Aktieng | PairCorr |
| 0.78 | 26Y | YATRA ONLINE DL | PairCorr |
| 0.71 | 6SD | SHELF DRILLING LTD | PairCorr |
| 0.49 | PRE1 | PRECISION DRILLING | PairCorr |
| 0.38 | 4JO | NORTHERN OCEAN LTD | PairCorr |
| 0.33 | YIZH | Sinopec Oilfield Service | PairCorr |
Related Correlations Analysis
| 0.9 | 0.86 | 0.75 | 0.73 | 0.92 | 0.56 | XS4 | ||
| 0.9 | 0.85 | 0.79 | 0.56 | 0.87 | 0.72 | SNF | ||
| 0.86 | 0.85 | 0.85 | 0.78 | 0.96 | 0.53 | 1WT | ||
| 0.75 | 0.79 | 0.85 | 0.6 | 0.83 | 0.72 | TOW | ||
| 0.73 | 0.56 | 0.78 | 0.6 | 0.8 | 0.21 | 8KH | ||
| 0.92 | 0.87 | 0.96 | 0.83 | 0.8 | 0.49 | ELG | ||
| 0.56 | 0.72 | 0.53 | 0.72 | 0.21 | 0.49 | ZSL | ||
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Risk-Adjusted Indicators
There is a big difference between Helmerich Stock performing well and Helmerich Payne 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 Helmerich Payne'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XS4 | 3.35 | 0.57 | 0.17 | 0.56 | 3.41 | 10.10 | 37.39 | |||
| SNF | 2.64 | 0.48 | 0.14 | 0.68 | 2.73 | 5.14 | 34.81 | |||
| 1WT | 2.29 | 0.55 | 0.08 | (3.28) | 3.07 | 5.44 | 21.08 | |||
| TOW | 2.60 | 0.66 | 0.09 | (0.68) | 2.53 | 5.85 | 22.47 | |||
| 8KH | 2.18 | 0.46 | 0.05 | (2.22) | 2.95 | 6.84 | 13.49 | |||
| ELG | 2.42 | 0.82 | 0.45 | 0.97 | 1.08 | 7.67 | 19.84 | |||
| ZSL | 1.31 | 0.10 | 0.00 | 0.06 | 0.00 | 1.85 | 14.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Helmerich Payne 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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Helmerich Payne Corporate Management
Elected by the shareholders, the Helmerich Payne's board of directors comprises two types of representatives: Helmerich Payne inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Helmerich. The board's role is to monitor Helmerich Payne's management team and ensure that shareholders' interests are well served. Helmerich Payne'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, Helmerich Payne's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dave Wilson | VP Relations | Profile | |
| John Bell | VP Holdings | Profile | |
| Mark CPA | VP CFO | Profile | |
| Sara Momper | VP Officer | Profile | |
| Valerie Vaughan | Director Devel | Profile | |
| Michael Lennox | Sr Co | Profile | |
| Chay Chinsethagid | VP Engineering | Profile |