SUPER HI Correlations

HDL Stock

18.80 0.47 2.44%

The current 90-days correlation between SUPER HI INTERNATIONAL and BJs Restaurants is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SUPER HI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SUPER HI INTERNATIONAL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SUPER HI Correlation With Market

Significant diversification

The correlation between SUPER HI INTERNATIONAL and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SUPER HI INTERNATIONAL and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SUPER HI INTERNATIONAL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving against SUPER Stock

0.36

HRB

HR Block

Pair Corr

Related Correlations Analysis

	BJRI	HDSN	BH	CDR-PB	GMS	WING	ENS	SE
BJRI		0.02	0.68	-0.2	0.6	0.34	0.64	0.27	BJRI
HDSN	0.02		-0.21	0.04	-0.16	-0.29	0.12	0.12	HDSN
BH	0.68	-0.21		-0.26	0.67	0.55	0.54	0.13	BH
CDR-PB	-0.2	0.04	-0.26		-0.57	-0.58	0.05	0.53	CDR-PB
GMS	0.6	-0.16	0.67	-0.57		0.88	0.44	-0.17	GMS
WING	0.34	-0.29	0.55	-0.58	0.88		0.13	-0.29	WING
ENS	0.64	0.12	0.54	0.05	0.44	0.13		0.58	ENS
SE	0.27	0.12	0.13	0.53	-0.17	-0.29	0.58		SE
	BJRI	HDSN	BH	CDR-PB	GMS	WING	ENS	SE

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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

WING	+ 0.88	GMS
BH	+ 0.68	BJRI
GMS	+ 0.67	BH
ENS	+ 0.64	BJRI
GMS	+ 0.6	BJRI
SE	+ 0.58	ENS

High negative correlations

WING	- 0.58	CDR-PB
GMS	- 0.57	CDR-PB
SE	- 0.29	WING
WING	- 0.29	HDSN
CDR-PB	- 0.26	BH
BH	- 0.21	HDSN

Risk-Adjusted Indicators

There is a big difference between SUPER Stock performing well and SUPER HI 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 SUPER HI'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
BJRI	2.00	(0.06)	0.00	(0.13)	0.00	0.00	4.43	(3.91)	15.34
HDSN	1.69	(0.09)	0.00	(0.88)	0.00	0.00	3.42	(3.54)	12.23
BH	2.12	(0.16)	0.00	(0.23)	0.00	0.00	5.50	(4.46)	12.16
CDR-PB	1.59	0.36	0.13	1.13	2.48	(1.93)	4.77	(2.32)	21.31
GMS	1.55	(0.10)	0.00	(0.17)	0.00	0.00	2.79	(3.85)	11.58
WING	2.52	(0.15)	0.00	(0.21)	0.00	0.00	4.18	(5.34)	17.94
ENS	1.63	(0.03)	0.00	(0.10)	0.00	0.00	2.47	(2.84)	14.75
SE	2.56	0.36	0.08	0.13	3.83	(2.46)	4.64	(5.66)	21.76

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