Hexcel Correlations
| HXL Stock | 73.00 1.00 1.39% |
The current 90-days correlation between Hexcel and Guangdong Investment Limited is 0.1 (i.e., Average diversification). The correlation of Hexcel 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.
Hexcel Correlation With Market
Very poor diversification
The correlation between Hexcel and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hexcel and DJI in the same portfolio, assuming nothing else is changed.
Hexcel |
The ability to find closely correlated positions to Hexcel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hexcel 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 Hexcel - 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 Hexcel to buy it.
Moving together with Hexcel Stock
| 0.83 | 4HF | Hoist Finance AB | PairCorr |
| 0.65 | 2MF | MOBILE FACTORY INC | PairCorr |
| 0.76 | QIA | QIAGEN NV Split | PairCorr |
| 0.89 | WWR | Woolworths Group | PairCorr |
| 0.9 | CU3 | Cohu Inc Earnings Call Tomorrow | PairCorr |
| 0.88 | UEO | Westlake Chemical | PairCorr |
| 0.8 | 6HS | Horseshoe Metals | PairCorr |
| 0.84 | GCB | PTT Global Chemical Earnings Call This Week | PairCorr |
| 0.78 | LUS1 | Lang Schwarz Aktieng | PairCorr |
| 0.78 | GJ9 | SLC Agricola SA Split | PairCorr |
| 0.7 | ENI | Eni SpA | PairCorr |
| 0.63 | SRT3 | Sartorius Aktiengesellscha | PairCorr |
| 0.75 | NEF | NESTE OIL | PairCorr |
| 0.73 | UUEC | United Utilities | PairCorr |
| 0.83 | H3M | Hochschild Mining plc | PairCorr |
| 0.88 | 4OQ1 | AGNC Investment Corp | PairCorr |
| 0.84 | XSI | Sanyo Chemical Industries | PairCorr |
| 0.81 | 2X0 | Corteva | PairCorr |
| 0.71 | 8SF | SLIGRO FOOD GROUP | PairCorr |
| 0.62 | ARW | Arrow Electronics | PairCorr |
| 0.72 | E908 | Lyxor 1 | PairCorr |
| 0.71 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Hexcel Stock
| 0.75 | 59Q | Indus Gas | PairCorr |
| 0.37 | TLIK | TELES Informationstech | PairCorr |
| 0.74 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.71 | BDD | CONICO LTD Split | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Hexcel Stock performing well and Hexcel 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 Hexcel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| US8 | 3.89 | 0.56 | 0.10 | 84.24 | 4.49 | 8.75 | 19.82 | |||
| GUG | 1.40 | (0.02) | 0.00 | 0.39 | 0.00 | 2.74 | 8.12 | |||
| VIP | 1.72 | (0.24) | 0.00 | 1.40 | 0.00 | 3.01 | 13.66 | |||
| 1G3 | 1.17 | (0.06) | 0.00 | (0.05) | 0.00 | 2.34 | 9.41 | |||
| UN9 | 1.29 | 0.29 | 0.16 | 0.58 | 1.23 | 3.03 | 8.76 | |||
| 14N1 | 1.09 | (0.07) | 0.00 | (1.23) | 0.00 | 2.41 | 10.44 | |||
| MGC | 0.71 | (0.11) | 0.00 | (0.27) | 0.00 | 1.80 | 10.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hexcel 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.Did you try this?
Run Crypto Correlations Now
Crypto CorrelationsUse cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |
| All Next | Launch Module |
Hexcel Corporate Management
Elected by the shareholders, the Hexcel's board of directors comprises two types of representatives: Hexcel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hexcel. The board's role is to monitor Hexcel's management team and ensure that shareholders' interests are well served. Hexcel'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, Hexcel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gail JD | Chief VP | Profile | |
| Gail Lehman | Gen VP | Profile | |
| Bob Kody | Senior Officer | Profile | |
| Thierry Merlot | Executive Strategy | Profile |