Hawaiian Holdings Correlations
| HA Stock | USD 12.42 0.48 3.72% |
The correlation of Hawaiian Holdings 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hawaiian Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hawaiian Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Hawaiian Holdings and NYA is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hawaiian Holdings and NYA in the same portfolio, assuming nothing else is changed.
Hawaiian |
The ability to find closely correlated positions to Hawaiian Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hawaiian Holdings 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 Hawaiian Holdings - 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 Hawaiian Holdings to buy it.
Moving together with Hawaiian Stock
| 0.76 | AP | Ampco Pittsburgh | PairCorr |
| 0.92 | AZ | A2Z Smart Technologies | PairCorr |
| 0.84 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.65 | BW | Babcock Wilcox Enter Buyout Trend | PairCorr |
Moving against Hawaiian Stock
| 0.91 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.87 | CW | Curtiss Wright Earnings Call This Week | PairCorr |
| 0.85 | BV | BrightView Holdings Earnings Call This Week | PairCorr |
| 0.84 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.83 | AL | Air Lease Financial Report 6th of May 2024 | PairCorr |
| 0.83 | EH | Ehang Holdings | PairCorr |
| 0.83 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
| 0.78 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
| 0.76 | DY | Dycom Industries Financial Report 22nd of May 2024 | PairCorr |
| 0.69 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
| 0.63 | DIST | Distoken Acquisition | PairCorr |
| 0.57 | DE | Deere Company Financial Report 17th of May 2024 | PairCorr |
| 0.55 | CP | Canadian Pacific Railway Downward Rally | PairCorr |
| 0.54 | HI | Hillenbrand Earnings Call This Week | PairCorr |
| 0.52 | ODFL | Old Dominion Freight | PairCorr |
| 0.5 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
| 0.45 | B | Barnes Group Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Hawaiian Stock performing well and Hawaiian Holdings 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 Hawaiian Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LUV | 1.49 | (0.06) | (0.03) | 0.00 | 2.98 | 3.17 | 20.03 | |||
| JBLU | 3.00 | 0.46 | 0.07 | (0.59) | 4.01 | 6.16 | 26.03 | |||
| UAL | 1.98 | 0.39 | 0.24 | 0.32 | 1.46 | 5.19 | 17.52 | |||
| DAL | 1.20 | 0.30 | 0.25 | 0.29 | 0.89 | 3.05 | 7.93 | |||
| SAVE | 3.63 | (0.90) | 0.00 | (0.28) | 0.00 | 6.55 | 32.89 | |||
| SNCY | 1.81 | 0.11 | 0.08 | 0.14 | 2.18 | 4.80 | 13.21 | |||
| ALGT | 1.84 | (0.44) | 0.00 | (0.12) | 0.00 | 3.69 | 15.09 | |||
| AAL | 1.68 | (0.06) | 0.00 | 0.05 | 2.32 | 4.49 | 16.82 | |||
| ULCC | 3.67 | 0.47 | 0.14 | 0.26 | 3.80 | 10.37 | 32.12 | |||
| MESA | 2.73 | (0.15) | 0.00 | (0.02) | 0.00 | 6.17 | 28.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hawaiian Holdings 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?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Hawaiian Holdings Corporate Directors
Hawaiian Holdings corporate directors refer to members of a Hawaiian Holdings board of directors. The board of directors generally takes responsibility for the Hawaiian Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Hawaiian Holdings' board members must vote for the resolution. The Hawaiian Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Zac Hirzel | Director | Profile | |
| Duane Woerth | Director | Profile | |
| Gregory Anderson | Independent Director | Profile | |
| Samson Poomaihealani | Independent Director | Profile |
Already Invested in Hawaiian Holdings?
The danger of trading Hawaiian Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hawaiian Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hawaiian Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hawaiian Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hawaiian Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hawaiian Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hawaiian Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hawaiian Holdings Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hawaiian Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Hawaiian Stock refer to our How to Trade Hawaiian Stock guide.Note that the Hawaiian Holdings information on this page should be used as a complementary analysis to other Hawaiian Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Hawaiian Stock analysis
When running Hawaiian Holdings' price analysis, check to measure Hawaiian Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hawaiian Holdings is operating at the current time. Most of Hawaiian Holdings' value examination focuses on studying past and present price action to predict the probability of Hawaiian Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hawaiian Holdings' price. Additionally, you may evaluate how the addition of Hawaiian Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Hawaiian Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hawaiian Holdings. If investors know Hawaiian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hawaiian Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.08) | Earnings Share (5.05) | Revenue Per Share 53.199 | Quarterly Revenue Growth 0.054 | Return On Assets (0.06) |
The market value of Hawaiian Holdings is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Holdings' value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hawaiian Holdings' market value can be influenced by many factors that don't directly affect Hawaiian Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hawaiian Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hawaiian Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.