Hensoldt Correlations

HNSDF Stock

USD 39.51 0.48 1.20%

The current 90-days correlation between Hensoldt AG and Heico is -0.03 (i.e., Good diversification). The correlation of Hensoldt 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.

Hensoldt Correlation With Market

Good diversification

The correlation between Hensoldt AG and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hensoldt AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hensoldt Pink Sheet

0.61	EADSF	Airbus Group SE	Pair Corr
0.64	EADSY	Airbus Group NV	Pair Corr
0.64	AVAL	Grupo Aval	Pair Corr
0.75	BBAI	BigBearai Holdings	Pair Corr
0.75	SOUN	SoundHound AI Upward Rally	Pair Corr

Moving against Hensoldt Pink Sheet

0.69	SHG	Shinhan Financial	Pair Corr
0.63	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.54	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.49	WF	Woori Financial Group	Pair Corr
0.43	LMT	Lockheed Martin Fiscal Year End 28th of January 2025	Pair Corr
0.31	BCH	Banco De Chile	Pair Corr

Related Correlations Analysis

	RNMBY	HEI	AVAV	TDG	RTX	NOC	GD	BA	LHX
RNMBY		0.55	-0.61	-0.71	-0.42	-0.77	-0.79	0.04	-0.15	RNMBY
HEI	0.55		-0.17	-0.26	-0.17	-0.25	-0.26	-0.43	0.13	HEI
AVAV	-0.61	-0.17		0.66	0.66	0.56	0.68	-0.43	0.79	AVAV
TDG	-0.71	-0.26	0.66		0.63	0.83	0.76	-0.1	0.38	TDG
RTX	-0.42	-0.17	0.66	0.63		0.48	0.49	-0.15	0.48	RTX
NOC	-0.77	-0.25	0.56	0.83	0.48		0.87	-0.08	0.18	NOC
GD	-0.79	-0.26	0.68	0.76	0.49	0.87		-0.21	0.36	GD
BA	0.04	-0.43	-0.43	-0.1	-0.15	-0.08	-0.21		-0.6	BA
LHX	-0.15	0.13	0.79	0.38	0.48	0.18	0.36	-0.6		LHX
	RNMBY	HEI	AVAV	TDG	RTX	NOC	GD	BA	LHX

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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

GD	+ 0.87	NOC
NOC	+ 0.83	TDG
LHX	+ 0.79	AVAV
GD	+ 0.76	TDG
GD	+ 0.68	AVAV
TDG	+ 0.66	AVAV

High negative correlations

GD	- 0.79	RNMBY
NOC	- 0.77	RNMBY
TDG	- 0.71	RNMBY
AVAV	- 0.61	RNMBY
LHX	- 0.6	BA
BA	- 0.43	AVAV

Risk-Adjusted Indicators

There is a big difference between Hensoldt Pink Sheet performing well and Hensoldt 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 Hensoldt'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
RNMBY	1.63	0.24	0.06	(31.14)	2.15	(1.78)	3.28	(3.26)	14.11
HEI	1.10	(0.10)	(0.07)	0.01	1.43	(1.08)	2.43	(2.16)	7.07
AVAV	2.36	(0.32)	0.00	(0.20)	0.00	0.00	4.22	(6.12)	27.78
TDG	1.19	(0.12)	0.00	(0.02)	0.00	0.00	3.03	(2.63)	10.06
RTX	0.86	(0.05)	0.00	(0.25)	0.00	0.00	1.80	(1.85)	6.80
NOC	0.81	(0.15)	0.00	(0.24)	0.00	0.00	1.53	(1.78)	6.85
GD	0.93	(0.31)	0.00	(0.16)	0.00	0.00	1.43	(1.85)	10.86
BA	1.67	0.09	(0.02)	(0.39)	1.92	(1.69)	3.11	(3.23)	7.12
LHX	1.01	(0.08)	0.00	(0.02)	0.00	0.00	2.19	(1.97)	8.70

Be your own money manager

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

Veronika Endres	Head Relations	Profile
Christian Ladurner	CFO Board	Profile
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