Hub Correlations

HUBG Stock

USD 33.69 0.31 0.93%

The current 90-days correlation between Hub Group and Landstar System is 0.88 (i.e., Very poor diversification). The correlation of Hub 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.

Hub Correlation With Market

Poor diversification

The correlation between Hub Group and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hub Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hub Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hub 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 bureau of labor statistics.

Moving together with Hub Stock

0.91	EXPD	Expeditors International	Pair Corr
0.95	FDX	FedEx	Pair Corr
0.84	FLX	BingEx	Pair Corr
0.76	JYD	Jayud Global Logistics	Pair Corr
0.81	FWRD	Forward Air	Pair Corr
0.62	LSH	Lakeside Holding	Pair Corr
0.75	PAL	Proficient Auto Logi	Pair Corr
0.92	UPS	United Parcel Service	Pair Corr
0.96	JBHT	JB Hunt Transport	Pair Corr
0.96	LSTR	Landstar System	Pair Corr
0.81	RLGT	Radiant Logistics	Pair Corr
0.74	CRGOW	Freightos Limited	Pair Corr
0.69	PBI-PB	Pitney Bowes NT	Pair Corr
0.71	TOPP	Toppoint Holdings	Pair Corr
0.87	CHRW	CH Robinson Worldwide	Pair Corr
0.85	BE	Bloom Energy Corp	Pair Corr

Moving against Hub Stock

0.44	NCEW	New Century Logistics	Pair Corr
0.43	NL	NL Industries	Pair Corr
0.33	AZ	A2Z Smart Technologies	Pair Corr
0.32	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	LSTR	JBHT	EXPD	CHRW	FWRD
LSTR		0.94	0.89	0.81	0.75	LSTR
JBHT	0.94		0.92	0.84	0.8	JBHT
EXPD	0.89	0.92		0.92	0.83	EXPD
CHRW	0.81	0.84	0.92		0.81	CHRW
FWRD	0.75	0.8	0.83	0.81		FWRD
	LSTR	JBHT	EXPD	CHRW	FWRD

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Risk-Adjusted Indicators

There is a big difference between Hub Stock performing well and Hub 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 Hub'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LSTR	1.58	(0.13)	(0.14)	0.00	0.00	3.03	(2.79)	12.18
JBHT	1.93	(0.15)	(0.12)	0.00	0.00	3.61	(3.90)	17.10
EXPD	1.67	(0.06)	(0.06)	0.00	0.00	3.63	(3.86)	13.97
CHRW	1.45	(0.02)	(0.02)	0.00	0.00	2.66	(2.89)	12.91
FWRD	4.62	0.02	0.00	7.36	(4.64)	7.69	(12.24)	41.55

Hub Corporate Management

Jessica Pokrajac	Executive Solutions	Profile
Kevin Beth	Ex Officer	Profile
Lorna Williams	Vice Relations	Profile
Brian Meents	Executive Officer	Profile
Ben Strickler	Executive Solutions	Profile
Michael Daly	Senior Strategy	Profile
Geoffrey DeMartino	CFO VP	Profile

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