Hammerson PLC Correlations

HMN Stock

6,686 68.00 1.03%

The current 90-days correlation between Hammerson PLC and Advtech is 0.28 (i.e., Modest diversification). The correlation of Hammerson PLC 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.

The ability to find closely correlated positions to Hammerson PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammerson PLC 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 Hammerson PLC - 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 Hammerson PLC to buy it.

Moving together with Hammerson Stock

0.65	SBK	Standard Bank Group	Pair Corr
0.68	NED	Nedbank Group	Pair Corr
0.83	IMP	Impala Platinum Holdings	Pair Corr
0.62	SSW	Sibanye Stillwater	Pair Corr

Moving against Hammerson Stock

0.6	SOL	Sasol	Pair Corr
0.48	FSR	Firstrand	Pair Corr
0.44	MTN	MTN Group	Pair Corr

Related Correlations Analysis

	ADH	WBC	BLU	EMN	FTH	SAR	BRT	ASC
ADH		0.32	0.37	0.14	0.08	0.22	-0.22	0.18	ADH
WBC	0.32		0.41	0.32	-0.17	0.6	-0.52	0.31	WBC
BLU	0.37	0.41		0.52	0.44	0.76	0.09	0.04	BLU
EMN	0.14	0.32	0.52		0.16	0.69	0.14	-0.07	EMN
FTH	0.08	-0.17	0.44	0.16		0.22	0.28	0.04	FTH
SAR	0.22	0.6	0.76	0.69	0.22		-0.06	-0.03	SAR
BRT	-0.22	-0.52	0.09	0.14	0.28	-0.06		-0.26	BRT
ASC	0.18	0.31	0.04	-0.07	0.04	-0.03	-0.26		ASC
	ADH	WBC	BLU	EMN	FTH	SAR	BRT	ASC

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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

SAR	+ 0.76	BLU
SAR	+ 0.69	EMN
SAR	+ 0.6	WBC
EMN	+ 0.52	BLU
FTH	+ 0.44	BLU
BLU	+ 0.41	WBC

High negative correlations

BRT	- 0.52	WBC
ASC	- 0.26	BRT
BRT	- 0.22	ADH
FTH	- 0.17	WBC
ASC	- 0.07	EMN
BRT	- 0.06	SAR

Risk-Adjusted Indicators

There is a big difference between Hammerson Stock performing well and Hammerson PLC 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 Hammerson PLC'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
ADH	1.00	(0.03)	(0.09)	0.00	1.41	(0.92)	2.58	(2.16)	5.94
WBC	1.36	0.58	0.33	(34.37)	0.88	(1.74)	3.69	(2.18)	7.28
BLU	1.21	0.01	(0.06)	0.18	1.49	(1.57)	2.95	(2.24)	7.95
EMN	0.81	0.07	(0.03)	(0.13)	1.29	(3.02)	4.76	(3.18)	11.87
FTH	2.46	(0.09)	(0.02)	0.04	3.59	(4.33)	8.37	(7.48)	27.26
SAR	1.20	0.42	0.02	(0.14)	1.68	(5.16)	4.36	(2.83)	25.05
BRT	1.79	0.16	0.00	(0.19)	3.10	(6.01)	3.70	(6.72)	29.28
ASC	1.66	0.07	(0.01)	0.63	2.00	(2.97)	5.71	(4.11)	11.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hammerson PLC 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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Hammerson PLC Corporate Management

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

Gregoire Peureux	Chief Officer	Profile
Robert Dunn	G Sec	Profile
Jessica Oppenheimer	Chief Officer	Profile
Catrin Sharp	Head Communications	Profile
RitaRose Gagne	CEO Director	Profile
Harry Badham	Chief Officer	Profile
Simon Travis	Group Outlets	Profile

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