Hudbay Minerals Correlations
| HBM Stock | USD 8.52 0.01 0.12% |
The current 90-days correlation between Hudbay Minerals and Integral Ad Science is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hudbay Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hudbay Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Hudbay Minerals Correlation With Market
Modest diversification
The correlation between Hudbay Minerals and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hudbay Minerals and DJI in the same portfolio, assuming nothing else is changed.
Hudbay |
Moving together with Hudbay Stock
| 0.89 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.79 | VHI | Valhi Inc | PairCorr |
| 0.63 | ZKIN | ZK International | PairCorr |
| 0.8 | PAAS | Pan American Silver | PairCorr |
| 0.69 | AUST | Austin Gold Corp | PairCorr |
| 0.68 | CENX | Century Aluminum | PairCorr |
| 0.82 | AG | First Majestic Silver | PairCorr |
| 0.64 | CC | Chemours | PairCorr |
| 0.78 | CF | CF Industries Holdings | PairCorr |
| 0.76 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.78 | EU | enCore Energy Corp | PairCorr |
| 0.82 | IE | Ivanhoe Electric | PairCorr |
| 0.82 | MP | MP Materials Corp | PairCorr |
| 0.75 | OC | Owens Corning | PairCorr |
| 0.85 | OR | Osisko Gold Ro | PairCorr |
Moving against Hudbay Stock
Related Correlations Analysis
| 0.21 | 0.14 | 0.0 | -0.07 | 0.09 | -0.37 | NCMI | ||
| 0.21 | -0.05 | 0.0 | -0.52 | 0.15 | -0.37 | IAS | ||
| 0.14 | -0.05 | 0.0 | 0.29 | 0.07 | 0.36 | PINS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SPMMF | ||
| -0.07 | -0.52 | 0.29 | 0.0 | 0.49 | 0.52 | KVHI | ||
| 0.09 | 0.15 | 0.07 | 0.0 | 0.49 | 0.08 | NTGR | ||
| -0.37 | -0.37 | 0.36 | 0.0 | 0.52 | 0.08 | HWKN | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hudbay Stock performing well and Hudbay Minerals 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 Hudbay Minerals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCMI | 1.59 | 0.09 | (0.01) | (0.31) | 2.42 | 3.49 | 14.85 | |||
| IAS | 1.55 | (0.19) | 0.00 | (0.08) | 0.00 | 3.45 | 23.54 | |||
| PINS | 1.60 | (0.20) | 0.00 | (0.11) | 0.00 | 2.79 | 17.91 | |||
| SPMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KVHI | 1.63 | 0.18 | 0.07 | 0.42 | 1.59 | 4.21 | 10.42 | |||
| NTGR | 2.38 | 0.63 | 0.31 | 0.58 | 1.65 | 5.28 | 34.60 | |||
| HWKN | 1.73 | (0.14) | (0.01) | 0.03 | 2.45 | 3.32 | 12.83 |