Hisense Home Correlations

GKE Stock  EUR 2.97  0.02  0.68%   
The current 90-days correlation between Hisense Home Appliances and Howden Joinery Group is 0.18 (i.e., Average diversification). The correlation of Hisense Home 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.

Hisense Home Correlation With Market

Good diversification

The correlation between Hisense Home Appliances and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hisense Home Appliances and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Hisense Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hisense Home 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 Hisense Home - 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 Hisense Home Appliances to buy it.

Moving together with Hisense Stock

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Moving against Hisense Stock

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Related Correlations Analysis

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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   
10J2FB
GKE10J
GKE2FB
  
High negative correlations   
TPD2FB
10JTPD
GKETPD

Risk-Adjusted Indicators

There is a big difference between Hisense Stock performing well and Hisense Home 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 Hisense Home'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hisense Home 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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Hisense Home Corporate Management

Elected by the shareholders, the Hisense Home's board of directors comprises two types of representatives: Hisense Home inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hisense. The board's role is to monitor Hisense Home's management team and ensure that shareholders' interests are well served. Hisense Home'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, Hisense Home's outside directors are responsible for providing unbiased perspectives on the board's policies.