Huachen AI Correlations

HCAI Stock

0.78 0.02 2.50%

The current 90-days correlation between Huachen AI Parking and Park Electrochemical is -0.02 (i.e., Good diversification). The correlation of Huachen AI 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.

Huachen AI Correlation With Market

Good diversification

The correlation between Huachen AI Parking and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huachen AI Parking and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Huachen Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huachen AI Parking. 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.

Moving together with Huachen Stock

0.76	GP	GreenPower Motor	Pair Corr
0.66	UGRO	Urban Gro	Pair Corr

Moving against Huachen Stock

0.87	REVG	Rev Group	Pair Corr
0.86	TWI	Titan International	Pair Corr
0.84	SHYF	Shyft Group Earnings Call This Week	Pair Corr
0.82	OSK	Oshkosh	Pair Corr
0.77	ALG	Alamo Group	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.72	GENC	Gencor Industries	Pair Corr
0.72	AZ	A2Z Smart Technologies	Pair Corr
0.68	MTW	Manitowoc	Pair Corr
0.68	DIST	Distoken Acquisition	Pair Corr
0.67	AP	Ampco Pittsburgh	Pair Corr
0.66	J	Jacobs Solutions	Pair Corr
0.64	ARTW	Arts Way Manufacturing	Pair Corr
0.62	TEX	Terex	Pair Corr
0.61	WNC	Wabash National Earnings Call This Week	Pair Corr
0.61	R	Ryder System Earnings Call This Week	Pair Corr
0.56	AL	Air Lease	Pair Corr
0.55	HYFM	Hydrofarm Holdings	Pair Corr
0.53	DE	Deere Company	Pair Corr
0.53	AGCO	AGCO	Pair Corr
0.49	CNH	CNH Industrial NV Sell-off Trend	Pair Corr
0.45	LNN	Lindsay	Pair Corr
0.41	PCAR	PACCAR Inc Earnings Call This Week	Pair Corr
0.4	ASTE	Astec Industries	Pair Corr
0.88	PL	Planet Labs PBC	Pair Corr
0.82	DY	Dycom Industries	Pair Corr
0.81	BE	Bloom Energy Corp	Pair Corr
0.8	CW	Curtiss Wright	Pair Corr
0.78	BW	Babcock Wilcox Enter	Pair Corr
0.72	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.71	CR	Crane Company	Pair Corr
0.71	SB	Safe Bulkers Earnings Call This Week	Pair Corr
0.69	OP	Oceanpal	Pair Corr
0.68	KE	Kimball Electronics	Pair Corr
0.67	GD	General Dynamics Earnings Call This Week	Pair Corr
0.67	NX	Quanex Building Products	Pair Corr

Related Correlations Analysis

	PKE	GFF	CHMN	CMPOW	LXP	PWWRF	GRMC
PKE		0.76	0.0	0.68	0.46	0.0	0.0	PKE
GFF	0.76		0.0	0.59	0.45	0.0	0.0	GFF
CHMN	0.0	0.0		0.0	0.0	1.0	1.0	CHMN
CMPOW	0.68	0.59	0.0		0.9	0.0	0.0	CMPOW
LXP	0.46	0.45	0.0	0.9		0.0	0.0	LXP
PWWRF	0.0	0.0	1.0	0.0	0.0		1.0	PWWRF
GRMC	0.0	0.0	1.0	0.0	0.0	1.0		GRMC
	PKE	GFF	CHMN	CMPOW	LXP	PWWRF	GRMC

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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

PWWRF	+ 1.0	CHMN
GRMC	+ 1.0	CHMN
GRMC	+ 1.0	PWWRF
LXP	+ 0.9	CMPOW
GFF	+ 0.76	PKE
CMPOW	+ 0.68	PKE

High negative correlations

GRMC	- 0.0	LXP
PWWRF	- 0.0	LXP
GRMC	- 0.0	CMPOW
PWWRF	- 0.0	CMPOW
LXP	- 0.0	CHMN
CMPOW	- 0.0	CHMN

Risk-Adjusted Indicators

There is a big difference between Huachen Stock performing well and Huachen AI 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 Huachen AI'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
PKE	1.52	0.52	0.38	0.85	0.72	(1.90)	3.99	(2.17)	9.11
GFF	1.53	0.20	0.01	(0.47)	1.86	(1.61)	3.12	(3.31)	10.17
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMPOW	2.75	0.91	0.23	1.34	2.95	(3.20)	6.18	(5.83)	14.57
LXP	0.89	0.17	0.02	(2.88)	1.07	(0.92)	1.91	(1.75)	7.15
PWWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRMC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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