Hub Cyber Correlations

HUBCW Stock

0.01 0.0001 0.87%

The current 90-days correlation between Hub Cyber Security and Codexis is -0.1 (i.e., Good diversification). The correlation of Hub Cyber 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.

Hub Cyber Correlation With Market

Significant diversification

The correlation between Hub Cyber Security and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hub Cyber Security 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, which includes a position in Hub Cyber Security. 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 Hub Stock

0.43	BB	BlackBerry Earnings Call This Week	Pair Corr
0.35	VCSA	Vacasa Inc	Pair Corr

Related Correlations Analysis

	SXT	FMX	AVNT	ORGN	CDXS	EMN	WVVI	FSI
SXT		-0.19	0.77	-0.1	0.25	0.17	-0.29	0.39	SXT
FMX	-0.19		-0.55	0.84	-0.85	0.52	0.77	-0.58	FMX
AVNT	0.77	-0.55		-0.4	0.44	0.03	-0.43	0.44	AVNT
ORGN	-0.1	0.84	-0.4		-0.76	0.65	0.78	-0.67	ORGN
CDXS	0.25	-0.85	0.44	-0.76		-0.66	-0.79	0.5	CDXS
EMN	0.17	0.52	0.03	0.65	-0.66		0.61	-0.49	EMN
WVVI	-0.29	0.77	-0.43	0.78	-0.79	0.61		-0.61	WVVI
FSI	0.39	-0.58	0.44	-0.67	0.5	-0.49	-0.61		FSI
	SXT	FMX	AVNT	ORGN	CDXS	EMN	WVVI	FSI

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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

ORGN	+ 0.84	FMX
WVVI	+ 0.78	ORGN
AVNT	+ 0.77	SXT
WVVI	+ 0.77	FMX
EMN	+ 0.65	ORGN
WVVI	+ 0.61	EMN

High negative correlations

CDXS	- 0.85	FMX
WVVI	- 0.79	CDXS
CDXS	- 0.76	ORGN
FSI	- 0.67	ORGN
EMN	- 0.66	CDXS
FSI	- 0.61	WVVI

Risk-Adjusted Indicators

There is a big difference between Hub Stock performing well and Hub Cyber 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 Cyber'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
SXT	1.02	(0.06)	(0.01)	0.05	1.20	(1.05)	2.14	(2.04)	8.84
FMX	0.93	(0.25)	0.00	(0.65)	0.00	0.00	1.68	(2.09)	6.26
AVNT	1.31	(0.08)	(0.01)	0.04	1.35	(1.57)	2.93	(1.99)	8.05
ORGN	2.72	(0.54)	0.00	(0.20)	0.00	0.00	4.49	(6.71)	26.74
CDXS	3.27	0.99	0.30	0.62	2.67	(3.77)	9.46	(5.32)	18.89
EMN	1.05	(0.08)	(0.07)	(0.01)	1.26	(1.16)	2.78	(2.00)	7.31
WVVI	1.26	(0.16)	0.00	1.26	0.00	0.00	3.28	(2.87)	8.49
FSI	2.35	0.34	0.07	1.79	3.00	(2.57)	6.31	(4.14)	22.22

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