Hain Celestial Correlations
| HAIN Stock | USD 5.89 0.13 2.26% |
The correlation of Hain Celestial 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 Hain Celestial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Hain Celestial 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 The Hain Celestial and NYA is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hain Celestial and NYA in the same portfolio, assuming nothing else is changed.
Hain |
The ability to find closely correlated positions to Hain Celestial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hain Celestial 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 Hain Celestial - 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 The Hain Celestial to buy it.
Moving together with Hain Stock
| 0.75 | BUD | Anheuser Busch Inbev Financial Report 2nd of May 2024 | PairCorr |
| 0.81 | SAM | Boston Beer Earnings Call This Week | PairCorr |
| 0.89 | PAVS | Paranovus Entertainment | PairCorr |
| 0.93 | ABEV | Ambev SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.73 | IH | IhumanInc | PairCorr |
Moving against Hain Stock
| 0.93 | BG | Bunge Limited Financial Report 1st of May 2024 | PairCorr |
| 0.82 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
| 0.81 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.77 | TSN | Tyson Foods Financial Report 13th of May 2024 | PairCorr |
| 0.66 | DG | Dollar General Financial Report 6th of June 2024 | PairCorr |
| 0.62 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.6 | CL | Colgate Palmolive Earnings Call This Week | PairCorr |
| 0.59 | K | Kellanova Earnings Call This Week | PairCorr |
| 0.57 | MO | Altria Group Earnings Call This Week | PairCorr |
| 0.5 | JZ | Jianzhi Education Report 4th of October 2024 | 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 Hain Stock performing well and Hain Celestial 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 Hain Celestial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGII | 10.85 | 0.55 | 0.05 | 0.16 | 10.01 | 16.67 | 120.00 | |||
| GNLN | 5.02 | 0.72 | 0.11 | (1.39) | 5.24 | 11.76 | 42.40 | |||
| XXII | 7.10 | (0.19) | 0.01 | 0.02 | 9.34 | 6.91 | 180.71 | |||
| CBDW | 12.17 | 0.20 | 0.02 | 0.18 | 14.34 | 23.21 | 105.80 | |||
| PHJMF | 4.12 | 0.12 | 0.00 | (0.65) | 6.53 | 20.00 | 48.57 | |||
| PYYX | 5.89 | 1.33 | 0.11 | 2.64 | 5.57 | 23.00 | 79.21 | |||
| JAPAY | 0.62 | 0.00 | (0.06) | 0.04 | 0.78 | 1.39 | 3.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hain Celestial 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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Hain Celestial Corporate Directors
Hain Celestial corporate directors refer to members of a Hain Celestial board of directors. The board of directors generally takes responsibility for the Hain Celestial's 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 Hain Celestial's board members must vote for the resolution. The Hain Celestial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Roger Meltzer | Independent Director | Profile | |
| Adrianne Shapira | Independent Director | Profile | |
| Scott ONeil | Independent Director | Profile | |
| Glenn Welling | Independent Director | Profile |
Already Invested in The Hain Celestial?
The danger of trading The Hain Celestial 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 Hain Celestial 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 Hain Celestial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hain Celestial 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 Hain Celestial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hain Celestial's 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 The Hain Celestial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The Hain Celestial Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hain Celestial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Hain Celestial's price analysis, check to measure Hain Celestial's 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 Hain Celestial is operating at the current time. Most of Hain Celestial's value examination focuses on studying past and present price action to predict the probability of Hain Celestial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hain Celestial's price. Additionally, you may evaluate how the addition of Hain Celestial to your portfolios can decrease your overall portfolio volatility.
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Is Hain Celestial's 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 Hain Celestial. If investors know Hain 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 Hain Celestial 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 (0.64) | Earnings Share (1.77) | Revenue Per Share 19.901 | Return On Assets 0.0214 | Return On Equity (0.15) |
The market value of Hain Celestial is measured differently than its book value, which is the value of Hain that is recorded on the company's balance sheet. Investors also form their own opinion of Hain Celestial's value that differs from its market value or its book value, called intrinsic value, which is Hain Celestial's 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 Hain Celestial's market value can be influenced by many factors that don't directly affect Hain Celestial's 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 Hain Celestial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hain Celestial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hain Celestial's 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.