Hanover House Correlations
| HHSE Stock | USD 0.01 0.0009 12.00% |
The current 90-days correlation between Hanover House and United Amern Pete is 0.2 (i.e., Modest diversification). The correlation of Hanover House 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.
Hanover House Correlation With Market
Significant diversification
The correlation between Hanover House 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 Hanover House and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Hanover House could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanover House 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 Hanover House - 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 Hanover House to buy it.
Moving together with Hanover Pink Sheet
| 0.88 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.8 | DIS | Walt Disney | PairCorr |
| 0.8 | LYV | Live Nation Entertainment | PairCorr |
| 0.87 | WBD | Warner Bros Discovery Sell-off Trend | PairCorr |
| 0.86 | FWONK | Liberty Media | PairCorr |
| 0.81 | FOX | Fox Corp Class | PairCorr |
| 0.85 | FWONA | Liberty Media | PairCorr |
| 0.78 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.82 | MZHOF | Mizuho Financial | PairCorr |
| 0.71 | CISO | Cerberus Cyber Sentinel Tech Boost | PairCorr |
| 0.75 | DASH | DoorDash, Class A | PairCorr |
| 0.75 | RWAYL | MSCI ACWI exAUCONSUMER | PairCorr |
| 0.73 | CTRN | Citi Trends | PairCorr |
| 0.79 | VCEL | Vericel Corp Ord | PairCorr |
| 0.66 | RBCAA | Republic Bancorp | PairCorr |
| 0.62 | CSSV | Caspian Services | PairCorr |
| 0.73 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.75 | SUM | Summit Materials | PairCorr |
| 0.73 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
| 0.67 | GBXI | GBX International | PairCorr |
| 0.76 | WSM | Williams Sonoma | PairCorr |
Moving against Hanover Pink Sheet
| 0.81 | BKRKY | Bank Rakyat Normal Trading | PairCorr |
| 0.79 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.67 | PBCRY | Bank Central Asia | PairCorr |
| 0.67 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.57 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.34 | UNVGY | Universal Music Group | PairCorr |
| 0.33 | UMGNF | Universal Music Group | PairCorr |
| 0.52 | CMGR | Clubhouse Media Group | PairCorr |
| 0.39 | TSCO | Tractor Supply | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hanover Pink Sheet performing well and Hanover House 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 Hanover House'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNWR | 7.92 | 0.41 | 0.02 | (0.29) | 9.34 | 25.00 | 86.67 | |||
| SNMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AFOM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GTOR | 5.97 | 1.55 | 0.00 | (0.82) | 0.00 | 0.00 | 150.00 | |||
| FERL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UAPC | 8.46 | 0.43 | 0.03 | 0.82 | 8.66 | 25.00 | 77.78 | |||
| MIKP | 2.98 | 1.50 | 0.00 | 74.51 | 0.00 | 0.00 | 100.00 | |||
| AFTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BOTY | 20.80 | 5.38 | 0.14 | (1.39) | 16.66 | 50.00 | 150.00 | |||
| MLFB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hanover House 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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Hanover House Corporate Management
| Eric Parkinson | Interim Chairman | Profile | |
| Caitlin McKenzie | Director Marketing | Profile | |
| Don Esq | COO Treasurer | Profile | |
| Eduardo Moreno | Controller | Profile | |
| Randy Blanton | Interim Officer | Profile | |
| Taylor Wyatt | Director Services | Profile |