Hasbro Correlations

HAS Stock

USD 65.15 1.26 1.97%

The current 90-days correlation between Hasbro Inc and Planet Fitness is -0.06 (i.e., Good diversification). The correlation of Hasbro 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Hasbro Correlation With Market

Significant diversification

The correlation between Hasbro Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hasbro Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hasbro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Hasbro Stock

0.77	DFH	Dream Finders Homes	Pair Corr
0.62	MHO	MI Homes	Pair Corr
0.83	NKE	Nike Inc Aggressive Push	Pair Corr
0.83	GOOS	Canada Goose Holdings Sell-off Trend	Pair Corr
0.83	JXJT	JX Luxventure Limited	Pair Corr
0.84	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.82	RCKY	Rocky Brands	Pair Corr

Moving against Hasbro Stock

0.6	GOLF	Acushnet Holdings Corp	Pair Corr
0.5	ESCA	Escalade Incorporated	Pair Corr
0.5	KTB	Kontoor Brands	Pair Corr
0.49	DOGZ	Dogness International	Pair Corr
0.46	VSTO	Vista Outdoor	Pair Corr
0.46	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.39	UAA	Under Armour A Aggressive Push	Pair Corr
0.38	RL	Ralph Lauren Corp	Pair Corr
0.37	UHG	United Homes Group	Pair Corr
0.32	UA	Under Armour C	Pair Corr
0.31	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.8	GM	General Motors	Pair Corr
0.57	SONO	Sonos Inc Sell-off Trend	Pair Corr
0.55	JAKK	JAKKS Pacific	Pair Corr
0.43	F	Ford Motor Aggressive Push	Pair Corr

Related Correlations Analysis

	SEAS	JAKK	PLNT	FNKO	CLAR	FUN	MAT	AOUT	OSW	ESCA
SEAS		0.05	-0.33	0.59	0.06	-0.4	0.04	0.0	0.02	-0.23	SEAS
JAKK	0.05		0.5	0.1	0.35	0.48	0.43	0.26	0.83	0.5	JAKK
PLNT	-0.33	0.5		-0.34	0.28	0.77	-0.25	0.4	0.78	0.74	PLNT
FNKO	0.59	0.1	-0.34		0.36	-0.58	0.32	0.1	0.04	-0.06	FNKO
CLAR	0.06	0.35	0.28	0.36		0.16	0.22	0.08	0.35	0.43	CLAR
FUN	-0.4	0.48	0.77	-0.58	0.16		-0.13	0.36	0.61	0.59	FUN
MAT	0.04	0.43	-0.25	0.32	0.22	-0.13		-0.16	0.05	-0.09	MAT
AOUT	0.0	0.26	0.4	0.1	0.08	0.36	-0.16		0.51	0.33	AOUT
OSW	0.02	0.83	0.78	0.04	0.35	0.61	0.05	0.51		0.69	OSW
ESCA	-0.23	0.5	0.74	-0.06	0.43	0.59	-0.09	0.33	0.69		ESCA
	SEAS	JAKK	PLNT	FNKO	CLAR	FUN	MAT	AOUT	OSW	ESCA

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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

OSW	+ 0.83	JAKK
OSW	+ 0.78	PLNT
FUN	+ 0.77	PLNT
ESCA	+ 0.74	PLNT
ESCA	+ 0.69	OSW
OSW	+ 0.61	FUN

High negative correlations

FUN	- 0.58	FNKO
FUN	- 0.4	SEAS
FNKO	- 0.34	PLNT
PLNT	- 0.33	SEAS
MAT	- 0.25	PLNT
ESCA	- 0.23	SEAS

Risk-Adjusted Indicators

There is a big difference between Hasbro Stock performing well and Hasbro 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 Hasbro'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
SEAS	1.85	0.02	(0.05)	(0.83)	2.18	(1.94)	3.85	(3.45)	10.32
JAKK	1.96	0.35	0.09	(27.47)	2.06	(2.04)	4.04	(3.44)	20.03
PLNT	1.33	0.22	0.13	0.43	1.18	(1.51)	3.44	(2.60)	12.22
FNKO	2.03	0.17	0.04	0.35	2.85	(2.02)	5.62	(5.08)	18.66
CLAR	1.93	(0.05)	0.00	0.09	2.70	(1.86)	4.24	(4.77)	12.96
FUN	1.63	(0.07)	(0.02)	0.07	2.01	(1.73)	3.54	(3.85)	9.00
MAT	1.32	0.00	0.00	0.15	0.00	0.00	2.93	(2.31)	11.42
AOUT	1.94	0.03	(0.01)	0.20	2.53	(2.32)	3.70	(4.77)	15.12
OSW	1.21	0.14	0.13	0.23	1.12	(1.48)	3.27	(2.29)	8.13
ESCA	2.21	(0.01)	0.02	0.12	3.27	(2.11)	5.20	(4.79)	16.07

Hasbro Corporate Management

Matthew Austin	Executive Officer	Profile
Jason Bunge	Chief Officer	Profile
Christian Cocks	CEO Director	Profile
Roberta Thomson	Executive Officer	Profile
Timothy Kilpin	Licensing Toy	Profile

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