Hasbro Correlations

HAS Stock

USD 75.98 0.13 0.17%

The current 90-days correlation between Hasbro Inc and Wayfair is 0.3 (i.e., Weak 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

Poor diversification

The correlation between Hasbro Inc and DJI is 0.61 (i.e., Poor 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.

Build AI portfolio with Hasbro Stock

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

0.7	600818	Zhonglu Co	Pair Corr
0.62	WAT	Waterco	Pair Corr
0.71	TOY	Spin Master Corp	Pair Corr
0.61	HAYW	Hayward Holdings	Pair Corr

Moving against Hasbro Stock

0.81	XPF	XP Factory PLC	Pair Corr
0.57	000017	China Bicycle	Pair Corr
0.36	DOOO	BRP Inc	Pair Corr
0.31	CYQ	CYCLIQ Group	Pair Corr
0.67	RGR	Sturm Ruger	Pair Corr
0.67	GYM	TUT Fitness Group	Pair Corr
0.39	JAKK	JAKKS Pacific	Pair Corr
0.37	002348	Goldlok Toys Holdings	Pair Corr
0.31	PII	Polaris Industries	Pair Corr
0.65	603398	Guangdong Banbao Toy	Pair Corr
0.62	001300	Sportsoul	Pair Corr
0.34	200017	China Bicycle	Pair Corr

Related Correlations Analysis

	W	QS	GME	CART	CCK	PLNT	DDS	NCLH	VIPS	MAT
W		0.5	0.24	-0.53	-0.25	-0.58	0.61	-0.33	0.41	0.26	W
QS	0.5		0.21	-0.82	-0.49	-0.85	0.73	-0.6	0.69	0.13	QS
GME	0.24	0.21		-0.19	-0.31	0.02	0.54	0.4	0.62	-0.57	GME
CART	-0.53	-0.82	-0.19		0.41	0.74	-0.79	0.58	-0.75	-0.3	CART
CCK	-0.25	-0.49	-0.31	0.41		0.58	-0.62	0.07	-0.59	0.11	CCK
PLNT	-0.58	-0.85	0.02	0.74	0.58		-0.69	0.65	-0.57	-0.35	PLNT
DDS	0.61	0.73	0.54	-0.79	-0.62	-0.69		-0.18	0.88	0.12	DDS
NCLH	-0.33	-0.6	0.4	0.58	0.07	0.65	-0.18		-0.16	-0.34	NCLH
VIPS	0.41	0.69	0.62	-0.75	-0.59	-0.57	0.88	-0.16		0.01	VIPS
MAT	0.26	0.13	-0.57	-0.3	0.11	-0.35	0.12	-0.34	0.01		MAT
	W	QS	GME	CART	CCK	PLNT	DDS	NCLH	VIPS	MAT

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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

VIPS	+ 0.88	DDS
PLNT	+ 0.74	CART
DDS	+ 0.73	QS
VIPS	+ 0.69	QS
NCLH	+ 0.65	PLNT
VIPS	+ 0.62	GME

High negative correlations

PLNT	- 0.85	QS
CART	- 0.82	QS
DDS	- 0.79	CART
VIPS	- 0.75	CART
DDS	- 0.69	PLNT
DDS	- 0.62	CCK

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
W	2.57	0.32	0.15	0.22	2.50	(2.99)	4.37	(4.50)	25.94
QS	5.33	0.86	0.20	0.32	4.62	(6.93)	16.78	(10.12)	34.44
GME	1.63	(0.10)	0.00	(0.04)	0.00	0.00	3.31	(3.20)	11.31
CART	1.93	(0.33)	0.00	0.44	0.00	0.00	3.50	(3.06)	15.20
CCK	0.98	(0.06)	0.00	(0.02)	0.00	0.00	2.17	(2.20)	8.16
PLNT	1.27	(0.35)	0.00	(0.38)	0.00	0.00	2.22	(2.65)	6.61
DDS	1.60	0.24	0.16	0.25	1.43	(1.81)	4.42	(2.93)	9.61
NCLH	1.68	(0.65)	0.00	(0.17)	0.00	0.00	3.08	(3.61)	12.17
VIPS	1.42	0.15	0.08	0.24	1.57	(1.57)	3.58	(2.14)	10.87
MAT	1.39	(0.02)	0.02	0.08	1.59	(1.61)	3.32	(2.69)	10.40

Hasbro Corporate Management

Matthew Austin	Executive Officer	Profile
CFA IV	Vice Relations	Profile
Jason Bunge	Chief Officer	Profile
Roberta Thomson	Executive Officer	Profile
Timothy Kilpin	Licensing Toys	Profile
Stephanie Beal	Chief Officer	Profile

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