Humatech Correlations

HUMT Stock

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The current 90-days correlation between Humatech and TFI International is 0.03 (i.e., Significant diversification). The correlation of Humatech 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.

Humatech Correlation With Market

Average diversification

The correlation between Humatech and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Humatech 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 Humatech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Humatech Stock please use our How to Invest in Humatech guide.

Moving together with Humatech Stock

0.64

Chemours

Pair Corr

Moving against Humatech Stock

0.76	BHIL	Benson Hill, Common	Pair Corr
0.36	YTEN	Yield10 Bioscience	Pair Corr
0.34	NITO	N2OFF Inc Symbol Change	Pair Corr
0.59	LVROW	Lavoro Limited Warrant	Pair Corr
0.5	CE	Celanese	Pair Corr
0.42	FF	FutureFuel Corp	Pair Corr
0.39	HL	Hecla Mining	Pair Corr
0.35	AU	AngloGold Ashanti plc	Pair Corr
0.6	DNMR	Danimer Scientific	Pair Corr
0.49	NB	NioCorp Developments	Pair Corr
0.48	SA	Seabridge Gold	Pair Corr
0.44	HYMCL	Hycroft Mining Holding	Pair Corr
0.36	VALE	Vale SA ADR Sell-off Trend	Pair Corr

Related Correlations Analysis

	TFII	FKWL	APOG	FOSL	LIND	VRRM	BLCO	ASO
TFII		-0.13	0.11	-0.03	0.66	-0.29	-0.18	-0.11	TFII
FKWL	-0.13		0.18	0.2	-0.05	0.13	0.29	0.22	FKWL
APOG	0.11	0.18		0.73	0.69	-0.7	0.72	-0.65	APOG
FOSL	-0.03	0.2	0.73		0.45	-0.58	0.5	-0.54	FOSL
LIND	0.66	-0.05	0.69	0.45		-0.81	0.3	-0.63	LIND
VRRM	-0.29	0.13	-0.7	-0.58	-0.81		-0.32	0.82	VRRM
BLCO	-0.18	0.29	0.72	0.5	0.3	-0.32		-0.21	BLCO
ASO	-0.11	0.22	-0.65	-0.54	-0.63	0.82	-0.21		ASO
	TFII	FKWL	APOG	FOSL	LIND	VRRM	BLCO	ASO

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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

ASO	+ 0.82	VRRM
FOSL	+ 0.73	APOG
BLCO	+ 0.72	APOG
LIND	+ 0.69	APOG
LIND	+ 0.66	TFII
BLCO	+ 0.5	FOSL

High negative correlations

VRRM	- 0.81	LIND
VRRM	- 0.7	APOG
ASO	- 0.65	APOG
ASO	- 0.63	LIND
VRRM	- 0.58	FOSL
ASO	- 0.54	FOSL

Risk-Adjusted Indicators

There is a big difference between Humatech Stock performing well and Humatech 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 Humatech'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
TFII	1.34	(0.18)	(0.05)	0.03	1.47	(1.48)	2.92	(2.96)	12.09
FKWL	1.63	(0.04)	(0.02)	0.09	1.91	(1.69)	3.17	(2.85)	15.19
APOG	1.82	0.16	0.16	0.20	1.57	(2.22)	3.41	(2.93)	28.75
FOSL	3.52	0.56	0.09	(1.29)	3.67	(4.27)	8.91	(6.31)	19.38
LIND	2.51	0.12	0.12	0.18	2.22	(3.74)	4.92	(3.83)	29.57
VRRM	1.26	(0.33)	0.00	(0.30)	0.00	0.00	2.49	(2.88)	14.00
BLCO	1.62	0.26	0.14	0.56	1.23	(2.03)	4.27	(2.40)	18.92
ASO	1.72	(0.20)	0.00	(0.34)	0.00	0.00	4.04	(3.25)	9.63

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