Hexagon AB Correlations
| HXGBF Stock | USD 8.61 0.00 0.00% |
The current 90-days correlation between Hexagon AB and Fortive Corp is -0.1 (i.e., Good diversification). The correlation of Hexagon AB 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.
Hexagon AB Correlation With Market
Good diversification
The correlation between Hexagon AB and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hexagon AB and DJI in the same portfolio, assuming nothing else is changed.
Hexagon |
The ability to find closely correlated positions to Hexagon AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hexagon AB 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 Hexagon AB - 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 Hexagon AB to buy it.
Moving together with Hexagon Pink Sheet
| 0.67 | KYCCF | Keyence | PairCorr |
| 0.85 | HXGBY | Hexagon AB ADR | PairCorr |
| 0.69 | PKX | POSCO Holdings | PairCorr |
| 0.71 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.62 | HYMTF | Hyundai Motor | PairCorr |
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Hexagon Pink Sheet
| 0.69 | FTNT | Fortinet | PairCorr |
| 0.66 | GRMN | Garmin | PairCorr |
| 0.63 | TRMB | Trimble | PairCorr |
| 0.6 | TDY | Teledyne Technologies Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.42 | KEYS | Keysight Technologies | PairCorr |
| 0.4 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.39 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.37 | MET | MetLife | PairCorr |
| 0.36 | COHR | Coherent | PairCorr |
| 0.34 | KB | KB Financial Group | PairCorr |
| 0.32 | JXN-PA | Jackson Financial | PairCorr |
| 0.8 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.76 | WMT | Walmart Aggressive Push | PairCorr |
| 0.73 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.59 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.51 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.43 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.36 | HD | Home Depot | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Hexagon Pink Sheet performing well and Hexagon AB 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 Hexagon AB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTV | 1.01 | (0.03) | 0.00 | 0.10 | 1.14 | 2.09 | 6.52 | |||
| KEYS | 1.34 | (0.01) | 0.03 | 0.12 | 1.41 | 3.44 | 10.69 | |||
| CGNX | 1.42 | (0.15) | (0.04) | 0.04 | 1.64 | 3.53 | 10.05 | |||
| TDY | 0.92 | 0.09 | 0.07 | 0.23 | 0.84 | 2.31 | 8.10 | |||
| TRMB | 1.30 | 0.10 | 0.20 | 0.17 | 1.11 | 2.78 | 20.46 |
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Hexagon AB Corporate Management
| Paolo Guglielmini | Chief Officer | Profile | |
| Robert BSc | CFO VP | Profile | |
| Burkhard Bockem | Chief Officer | Profile | |
| BSc BSc | Pres CEO | Profile | |
| Hongquan MSc | VP Region | Profile | |
| Anthony Zana | G Officer | Profile | |
| Norbert B | Ex VP | Profile |