Huntington Ingalls Correlations

HII Stock

USD 326.92 0.20 0.06%

The current 90-days correlation between Huntington Ingalls and Embraer SA ADR is -0.05 (i.e., Good 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 0.4 (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

0.82	RTX	Raytheon Technologies	Pair Corr
0.75	BBD-B	Bombardier	Pair Corr
0.76	IRNRF	Iron Road Limited	Pair Corr
0.73	ALFNF	Alfen NV	Pair Corr
0.65	JEXYY	Jiangsu Expressway	Pair Corr
0.7	ZEUS	Olympic Steel	Pair Corr
0.62	PCOR	Procore Technologies	Pair Corr
0.9	FYBR	Frontier Communications	Pair Corr
0.74	SLB	Schlumberger NV Aggressive Push	Pair Corr
0.61	NVA	Nova Minerals Limited	Pair Corr
0.91	FIX	Comfort Systems USA	Pair Corr
0.65	PSNL	Personalis	Pair Corr
0.61	DDOG	Datadog	Pair Corr

Moving against Huntington Stock

0.88	CHHE	China Health Industries	Pair Corr
0.81	ASLE	AerSale Corp	Pair Corr
0.72	AXON	Axon Enterprise	Pair Corr
0.7	BA	Boeing	Pair Corr
0.68	RDW	Redwire Corp	Pair Corr
0.55	300324	Beijing Watertek Inf	Pair Corr
0.55	EPGG	Empire Global Gaming	Pair Corr
0.59	HCWC	Healthy Choice Wellness	Pair Corr
0.35	GRHI	Gold Rock Holdings	Pair Corr

Related Correlations Analysis

	ERJ	TXT	BLDR	BLD	LECO	WCC	STN	DRS	KRMN	AVY
ERJ		0.15	-0.41	0.41	0.37	0.67	-0.6	-0.62	-0.16	0.46	ERJ
TXT	0.15		0.31	-0.26	0.49	-0.11	-0.1	0.36	-0.16	-0.22	TXT
BLDR	-0.41	0.31		-0.15	0.4	-0.74	0.68	0.81	0.29	-0.42	BLDR
BLD	0.41	-0.26	-0.15		0.41	0.42	-0.2	-0.49	0.17	0.58	BLD
LECO	0.37	0.49	0.4	0.41		0.0	-0.01	0.15	0.2	0.24	LECO
WCC	0.67	-0.11	-0.74	0.42	0.0		-0.72	-0.91	-0.25	0.67	WCC
STN	-0.6	-0.1	0.68	-0.2	-0.01	-0.72		0.74	0.65	-0.34	STN
DRS	-0.62	0.36	0.81	-0.49	0.15	-0.91	0.74		0.34	-0.63	DRS
KRMN	-0.16	-0.16	0.29	0.17	0.2	-0.25	0.65	0.34		0.1	KRMN
AVY	0.46	-0.22	-0.42	0.58	0.24	0.67	-0.34	-0.63	0.1		AVY
	ERJ	TXT	BLDR	BLD	LECO	WCC	STN	DRS	KRMN	AVY

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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

DRS	+ 0.81	BLDR
DRS	+ 0.74	STN
STN	+ 0.68	BLDR
WCC	+ 0.67	ERJ
AVY	+ 0.67	WCC
KRMN	+ 0.65	STN

High negative correlations

DRS	- 0.91	WCC
WCC	- 0.74	BLDR
STN	- 0.72	WCC
AVY	- 0.63	DRS
DRS	- 0.62	ERJ
STN	- 0.6	ERJ

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
ERJ	1.53	0.21	0.06	(0.50)	1.72	(1.77)	4.02	(2.78)	10.26
TXT	0.98	0.02	0.01	0.09	1.26	(0.99)	2.06	(1.83)	6.24
BLDR	1.95	(0.56)	0.00	(0.23)	0.00	0.00	4.53	(3.71)	11.39
BLD	1.62	0.07	0.02	0.17	1.63	(1.83)	4.15	(3.15)	13.76
LECO	1.25	(0.09)	(0.03)	0.01	1.61	(1.23)	2.34	(2.84)	6.37
WCC	1.78	0.16	0.08	0.16	2.22	(1.78)	3.54	(3.47)	14.00
STN	1.11	(0.36)	0.00	(0.21)	0.00	0.00	1.75	(2.28)	8.69
DRS	1.45	(0.35)	0.00	(0.24)	0.00	0.00	2.51	(2.74)	12.09
KRMN	2.43	0.01	0.02	0.07	3.65	(2.27)	5.52	(5.73)	17.63
AVY	1.15	0.10	0.06	0.24	0.95	(1.39)	2.57	(1.98)	12.00

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