Hastings Technology Correlations
| 5AM Stock | EUR 0.18 0.02 12.50% |
The current 90-days correlation between Hastings Technology and BHP Group Limited is -0.1 (i.e., Good diversification). The correlation of Hastings Technology 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.
Hastings Technology Correlation With Market
Significant diversification
The correlation between Hastings Technology Metals and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hastings Technology Metals and DJI in the same portfolio, assuming nothing else is changed.
Hastings |
The ability to find closely correlated positions to Hastings Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hastings Technology 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 Hastings Technology - 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 Hastings Technology Metals to buy it.
Moving together with Hastings Stock
| 0.62 | BHP1 | BHP Group Limited | PairCorr |
| 0.65 | BHP | BHP Group Limited | PairCorr |
| 0.71 | RIOA | Rio Tinto Group | PairCorr |
| 0.62 | RIO1 | Rio Tinto Group | PairCorr |
| 0.63 | 8GCA | Glencore plc | PairCorr |
| 0.63 | 8GC | Glencore PLC | PairCorr |
Moving against Hastings Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Hastings Stock performing well and Hastings Technology 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 Hastings Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHP1 | 1.38 | 0.02 | (0.01) | 0.15 | 1.68 | 3.49 | 9.32 | |||
| RIOA | 1.54 | 0.08 | (0.01) | (22.07) | 2.04 | 3.31 | 11.79 | |||
| RIO1 | 1.25 | 0.01 | (0.03) | 0.13 | 1.71 | 2.90 | 8.69 | |||
| CVLC | 1.50 | (0.01) | 0.00 | 0.16 | 0.00 | 2.59 | 10.62 | |||
| CVLB | 1.66 | (0.13) | 0.00 | (0.06) | 0.00 | 3.50 | 14.86 | |||
| 8GCA | 1.53 | (0.10) | 0.00 | (0.13) | 0.00 | 3.14 | 16.00 | |||
| 8GC | 1.56 | (0.09) | 0.00 | (0.37) | 0.00 | 3.10 | 13.05 | |||
| NGLD | 2.37 | 0.09 | 0.01 | 0.31 | 2.52 | 5.93 | 14.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hastings Technology 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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Hastings Technology Corporate Management
Elected by the shareholders, the Hastings Technology's board of directors comprises two types of representatives: Hastings Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hastings. The board's role is to monitor Hastings Technology's management team and ensure that shareholders' interests are well served. Hastings Technology'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, Hastings Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrew Reid | Chief Officer | Profile | |
| BCom BComm | Joint Director | Profile | |
| Foon Lew | Ex Chairman | Profile | |
| BEcon BECON | Joint Director | Profile | |
| F BBus | Chief Officer | Profile | |
| Nick Holthouse | Acting Officer | Profile |