HHG Capital Correlations

HHGCR Stock

USD 0.06 0.00 0.00%

The current 90-days correlation between HHG Capital and Focus Impact Acquisition is 0.04 (i.e., Significant diversification). The correlation of HHG Capital 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.

HHG Capital Correlation With Market

Good diversification

The correlation between HHG Capital and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HHG Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against HHG Stock

0.62	DIST	Distoken Acquisition	Pair Corr
0.62	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.61	PX	P10 Inc	Pair Corr
0.59	MA	Mastercard	Pair Corr
0.58	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.58	DX	Dynex Capital	Pair Corr
0.51	MC	Moelis	Pair Corr
0.5	DHIL	Diamond Hill Investment	Pair Corr
0.48	V	Visa Class A Fiscal Year End 22nd of October 2024	Pair Corr
0.43	LC	LendingClub Corp	Pair Corr
0.42	AC	Associated Capital	Pair Corr
0.31	AB	AllianceBernstein	Pair Corr
0.68	DPCS	DP Cap Acquisition	Pair Corr
0.66	DUET	DUET Acquisition Corp	Pair Corr
0.63	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.59	WD	Walker Dunlop	Pair Corr
0.54	DYCQ	DT Cloud Acquisition	Pair Corr
0.51	TW	Tradeweb Markets	Pair Corr
0.49	RM	Regional Management Corp	Pair Corr
0.4	VCTR	Victory Capital Holdings	Pair Corr
0.39	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.38	GCMGW	GCM Grosvenor	Pair Corr
0.51	VMCA	Valuence Merger Corp	Pair Corr
0.49	ENVA	Enova International	Pair Corr

Related Correlations Analysis

	FIAC	V	DHIL	DIST	AB	AC	BN	BX	CG	DB
FIAC		-0.12	-0.09	-0.07	-0.09	-0.07	-0.13	-0.16	0.02	-0.11	FIAC
V	-0.12		0.41	0.49	0.43	0.24	0.59	0.65	-0.21	0.49	V
DHIL	-0.09	0.41		0.45	0.8	0.68	0.87	0.84	0.32	0.19	DHIL
DIST	-0.07	0.49	0.45		0.43	0.54	0.57	0.66	-0.13	0.08	DIST
AB	-0.09	0.43	0.8	0.43		0.49	0.8	0.74	0.2	0.31	AB
AC	-0.07	0.24	0.68	0.54	0.49		0.63	0.69	0.26	0.03	AC
BN	-0.13	0.59	0.87	0.57	0.8	0.63		0.94	0.27	0.44	BN
BX	-0.16	0.65	0.84	0.66	0.74	0.69	0.94		0.29	0.36	BX
CG	0.02	-0.21	0.32	-0.13	0.2	0.26	0.27	0.29		0.18	CG
DB	-0.11	0.49	0.19	0.08	0.31	0.03	0.44	0.36	0.18		DB
	FIAC	V	DHIL	DIST	AB	AC	BN	BX	CG	DB

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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

BX	+ 0.94	BN
BN	+ 0.87	DHIL
BX	+ 0.84	DHIL
AB	+ 0.8	DHIL
BN	+ 0.8	AB
BX	+ 0.74	AB

High negative correlations

CG	- 0.21	V
BX	- 0.16	FIAC
CG	- 0.13	DIST
BN	- 0.13	FIAC
V	- 0.12	FIAC
DB	- 0.11	FIAC

Risk-Adjusted Indicators

There is a big difference between HHG Stock performing well and HHG Capital 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 HHG Capital'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
FIAC	0.96	0.03	(0.01)	0.18	1.85	(1.94)	2.23	(2.07)	17.27
V	0.89	0.00	(0.01)	0.11	1.63	(0.81)	1.91	(1.46)	7.75
DHIL	1.31	0.08	0.07	0.17	1.28	(1.61)	2.68	(2.46)	8.24
DIST	0.10	0.00	(0.35)	(0.20)	0.06	(0.26)	0.37	(0.28)	1.02
AB	0.85	(0.04)	(0.03)	0.07	1.25	(0.90)	1.60	(2.17)	6.33
AC	1.15	0.00	(0.02)	0.10	2.01	(1.16)	2.75	(2.99)	9.05
BN	1.44	0.18	0.13	0.20	1.74	(1.52)	3.08	(3.49)	8.95
BX	1.39	0.16	0.11	0.21	1.50	(1.43)	3.15	(2.96)	7.67
CG	1.87	(0.09)	0.01	0.06	2.67	(1.82)	3.30	(3.99)	13.04
DB	1.58	(0.05)	0.00	0.07	2.41	(1.65)	3.78	(3.08)	13.65

HHG Capital Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with HHG Capital stock to make a market-neutral strategy. Peer analysis of HHG Capital could also be used in its relative valuation, which is a method of valuing HHG Capital by comparing valuation metrics with similar companies.

Focus Impact Acquisition Visa Class A Diamond Hill Investment Distoken Acquisition AllianceBernstein Holding LP Associated Capital Group Brookfield Corp Blackstone Group Carlyle Group Deutsche Bank AG American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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