Halyk Bank Correlations
| HSBK Stock | | | USD 24.95 0.12 0.48% |
The current 90-days correlation between Halyk Bank and JSC Halyk bank is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Halyk Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Halyk Bank of moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Halyk Bank Correlation With Market
Good diversification
The correlation between Halyk Bank of 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 Halyk Bank of and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Halyk Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Halyk Bank 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 Halyk Bank - 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 Halyk Bank of to buy it.
Moving together with Halyk Stock
Moving against Halyk Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Halyk Stock performing well and Halyk Bank 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 Halyk Bank'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.
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| | Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
Halyk Bank Corporate Management
Elected by the shareholders, the Halyk Bank's board of directors comprises two types of representatives: Halyk Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Halyk. The board's role is to monitor Halyk Bank's management team and ensure that shareholders' interests are well served. Halyk Bank'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, Halyk Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.