Hackett Correlations

HCKT Stock

USD 23.18 0.35 1.49%

The current 90-days correlation between Hackett Group and N Able Inc is 0.5 (i.e., Very weak diversification). The correlation of Hackett 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Hackett Correlation With Market

Very weak diversification

The correlation between The Hackett Group and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hackett Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hackett Stock

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

Moving together with Hackett Stock

0.64

GDYN

Grid Dynamics Holdings Earnings Call This Week

Pair Corr

Moving against Hackett Stock

0.48	CTM	Castellum	Pair Corr
0.42	DTST	Data Storage Corp	Pair Corr
0.33	GDS	GDS Holdings	Pair Corr
0.51	GLE	Global Engine Group	Pair Corr
0.48	VYX	NCR Voyix	Pair Corr
0.46	JFU	9F Inc	Pair Corr
0.38	GMM	Global Mofy Metaverse	Pair Corr
0.33	IBM	International Business	Pair Corr
0.33	PSN	Parsons Corp Earnings Call This Week	Pair Corr
0.32	WRD	WeRide American Depo Earnings Call This Week	Pair Corr
0.39	IBEX	IBEX	Pair Corr
0.36	MGIC	Magic Software Enter	Pair Corr
0.34	NTRP	NextTrip	Pair Corr
0.33	DAICW	CID HoldCo, Warrants	Pair Corr
0.32	INOD	Innodata Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FORTY	TTEC	NABL	III	NYAX	HBCP	HFWA	CRAI
FORTY		0.63	0.68	0.74	0.69	0.81	0.8	0.62	FORTY
TTEC	0.63		0.85	0.88	0.39	0.45	0.48	0.74	TTEC
NABL	0.68	0.85		0.92	0.54	0.61	0.64	0.83	NABL
III	0.74	0.88	0.92		0.54	0.57	0.64	0.9	III
NYAX	0.69	0.39	0.54	0.54		0.47	0.42	0.44	NYAX
HBCP	0.81	0.45	0.61	0.57	0.47		0.95	0.49	HBCP
HFWA	0.8	0.48	0.64	0.64	0.42	0.95		0.61	HFWA
CRAI	0.62	0.74	0.83	0.9	0.44	0.49	0.61		CRAI
	FORTY	TTEC	NABL	III	NYAX	HBCP	HFWA	CRAI

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Risk-Adjusted Indicators

There is a big difference between Hackett Stock performing well and Hackett 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 Hackett'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
FORTY	2.23	0.49	0.11	0.81	2.11	(3.32)	6.23	(4.76)	20.45
TTEC	2.94	0.31	0.15	0.39	2.47	(3.65)	5.73	(4.52)	38.99
NABL	1.58	0.12	0.08	0.30	1.89	(1.75)	4.33	(3.01)	11.61
III	2.09	0.18	0.08	0.38	1.99	(2.56)	4.20	(3.30)	20.73
NYAX	2.18	0.11	0.05	0.31	2.29	(2.63)	4.91	(3.81)	13.15
HBCP	1.29	0.13	0.16	0.30	0.85	(1.38)	3.01	(1.62)	14.27
HFWA	1.22	(0.02)	0.01	0.19	1.27	(1.37)	2.90	(2.10)	7.61
CRAI	1.31	(0.01)	(0.03)	0.20	1.83	(1.32)	2.95	(1.96)	10.77

Hackett Corporate Executives

Elected by the shareholders, the Hackett's board of directors comprises two types of representatives: Hackett inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hackett. The board's role is to monitor Hackett's management team and ensure that shareholders' interests are well served. Hackett's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hackett's outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert Ramirez

CFO, Principal Accounting Officer and Executive VP of Fin.

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