Halliburton Correlations

Halliburton Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Halliburton. 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. For more information on how to buy Halliburton Stock please use our How to buy in Halliburton Stock guide.

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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    STZ + 0.91 DEO SSYS + 0.9 SPHR TPB + 0.86 SPHR TPB + 0.84 SSYS STZ + 0.83 CCU IRDM + 0.82 SPHR

High negative correlations    CCU - 0.79 SPHR IRDM - 0.71 CCU IRDM - 0.67 STZ TPB - 0.64 CCU SSYS - 0.57 CCU IRDM - 0.54 DEO

Risk-Adjusted Indicators

There is a big difference between Halliburton Stock performing well and Halliburton 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 Halliburton'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.