Hut 8 Correlations
| HUT Stock | USD 45.49 0.58 1.29% |
The current 90-days correlation between Hut 8 Corp and Moelis Co is 0.01 (i.e., Significant diversification). The correlation of Hut 8 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.
Hut 8 Correlation With Market
Weak diversification
The correlation between Hut 8 Corp and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hut 8 Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Hut Stock
Moving against Hut Stock
| 0.7 | X | TMX Group Limited | PairCorr |
| 0.65 | TW | Tradeweb Markets | PairCorr |
| 0.65 | ASX | ASX | PairCorr |
| 0.64 | ICE | Intercontinental Exchange | PairCorr |
| 0.63 | MKTX | MarketAxess Holdings | PairCorr |
| 0.61 | MORN | Morningstar | PairCorr |
| 0.59 | FDS | FactSet Research Systems | PairCorr |
| 0.41 | NDAQ | Nasdaq Inc | PairCorr |
| 0.33 | MCO | Moodys | PairCorr |
| 0.66 | MGMA | Metro Global Media | PairCorr |
| 0.57 | SPGI | SP Global | PairCorr |
| 0.55 | CBDW | 1606 Corp | PairCorr |
| 0.4 | RGVNF | Regent Ventures | PairCorr |
| 0.32 | DOCKF | Beyond Medical Techn | PairCorr |
Related Correlations Analysis
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 Hut Stock performing well and Hut 8 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 Hut 8'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MC | 1.60 | (0.05) | 0.00 | (0.17) | 0.00 | 3.11 | 10.53 | |||
| SNEX | 1.73 | (0.09) | (0.03) | 0.00 | 2.17 | 3.99 | 10.99 | |||
| VIRT | 1.13 | (0.15) | 0.00 | (0.68) | 0.00 | 1.89 | 5.77 | |||
| RJF | 1.03 | 0.00 | (0.04) | 0.08 | 1.66 | 2.21 | 6.67 | |||
| LAZ | 1.62 | (0.22) | 0.00 | (0.06) | 0.00 | 2.89 | 12.15 | |||
| BGC | 1.14 | (0.22) | 0.00 | (0.21) | 0.00 | 2.45 | 6.73 | |||
| PIPR | 1.53 | 0.02 | 0.03 | 0.07 | 2.11 | 3.15 | 10.17 | |||
| PJT | 1.45 | (0.06) | 0.00 | (0.21) | 0.00 | 2.58 | 11.25 | |||
| MKTX | 1.19 | (0.10) | 0.00 | 0.59 | 0.00 | 2.95 | 6.29 | |||
| WULF | 4.12 | 0.84 | 0.16 | 0.52 | 4.81 | 10.49 | 30.36 |
Hut 8 Corporate Management
| Victor Semah | Chief Officer | Profile | |
| Matthew Prusak | Chief Officer | Profile | |
| Viktoriya Griffin | Co Sec | Profile | |
| CPA CMA | Chief Officer | Profile | |
| Josh Rayner | VP Sales | Profile |