Huntington Ingalls Correlations

HII Stock

USD 313.39 0.00 0.00%

The current 90-days correlation between Huntington Ingalls and KB Home is 0.27 (i.e., Modest diversification). The correlation of Huntington Ingalls 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.

Huntington Ingalls Correlation With Market

Very weak diversification

The correlation between Huntington Ingalls Industries and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huntington Ingalls Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Huntington Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntington Ingalls Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Huntington Stock

0.85	GD	General Dynamics	Pair Corr
0.79	BBD-B	Bombardier	Pair Corr
0.89	ALIUSD	Aluminum Futures	Pair Corr
0.68	SAN	Banco Santander SA	Pair Corr
0.92	GGB	Gerdau SA ADR	Pair Corr
0.75	GALT	Galectin Therapeutics	Pair Corr
0.85	GLAXF	GSK plc	Pair Corr
0.85	DD	Dupont De Nemours	Pair Corr

Moving against Huntington Stock

0.81	BA	Boeing	Pair Corr
0.61	EVTL	Vertical Aerospace	Pair Corr
0.61	FTG	Firan Technology	Pair Corr
0.59	300324	Beijing Watertek Inf	Pair Corr
0.42	AIRI	Air Industries Group	Pair Corr
0.9	WNC	Wabash National	Pair Corr
0.83	TRNR	Interactive Strength	Pair Corr
0.42	VLCN	VLCN Old Symbol Change	Pair Corr
0.33	KOOYF	Kootenay Silver	Pair Corr

Related Correlations Analysis

	HOFT	OMRX	CIO-P-A	IGI	PHCFF	KBH	VFL	PMT-P-B
HOFT		0.0	0.01	-0.13	0.0	0.34	-0.26	0.39	HOFT
OMRX	0.0		0.0	0.0	1.0	0.0	0.0	0.0	OMRX
CIO-P-A	0.01	0.0		0.58	0.0	0.31	0.13	0.46	CIO-P-A
IGI	-0.13	0.0	0.58		0.0	0.45	0.47	0.3	IGI
PHCFF	0.0	1.0	0.0	0.0		0.0	0.0	0.0	PHCFF
KBH	0.34	0.0	0.31	0.45	0.0		-0.19	0.22	KBH
VFL	-0.26	0.0	0.13	0.47	0.0	-0.19		0.07	VFL
PMT-P-B	0.39	0.0	0.46	0.3	0.0	0.22	0.07		PMT-P-B
	HOFT	OMRX	CIO-P-A	IGI	PHCFF	KBH	VFL	PMT-P-B

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

PHCFF	+ 1.0	OMRX
IGI	+ 0.58	CIO-P-A
VFL	+ 0.47	IGI
PMT-P-B	+ 0.46	CIO-P-A
KBH	+ 0.45	IGI
PMT-P-B	+ 0.39	HOFT

High negative correlations

VFL	- 0.26	HOFT
VFL	- 0.19	KBH
IGI	- 0.13	HOFT
PMT-P-B	- 0.0	PHCFF
VFL	- 0.0	PHCFF
KBH	- 0.0	PHCFF

Risk-Adjusted Indicators

There is a big difference between Huntington Stock performing well and Huntington Ingalls 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 Huntington Ingalls' 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
HOFT	2.01	0.14	0.03	1.04	2.76	(1.90)	3.73	(3.86)	14.16
OMRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CIO-P-A	0.20	(0.02)	0.00	(0.93)	0.00	0.00	0.40	(0.44)	1.82
IGI	0.30	0.00	(0.15)	0.03	0.32	(0.36)	0.61	(0.54)	2.18
PHCFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KBH	1.31	(0.02)	0.00	0.04	1.66	(1.41)	3.47	(2.68)	8.57
VFL	0.44	0.08	0.07	0.56	0.27	(0.56)	1.02	(0.79)	3.70
PMT-P-B	0.40	(0.03)	0.00	(0.12)	0.00	0.00	0.99	(0.77)	2.97

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