Huntington Ingalls Correlations

H1II34 Stock

BRL 15.30 0.02 0.13%

The current 90-days correlation between Huntington Ingalls and Zoom Video Communications is 0.13 (i.e., Average 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 good diversification

The correlation between Huntington Ingalls Industries, and DJI is -0.47 (i.e., Very good 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.

The ability to find closely correlated positions to Huntington Ingalls could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huntington Ingalls when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Huntington Ingalls - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Huntington Ingalls Industries, to buy it.

Moving together with Huntington Stock

0.69	LMTB34	Lockheed Martin	Pair Corr
0.62	TASA3	Taurus Armas SA	Pair Corr
0.63	HOND34	Honda Motor	Pair Corr

Moving against Huntington Stock

0.75	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.72	NMRH34	Nomura Holdings	Pair Corr
0.71	H1DB34	HDFC Bank Limited	Pair Corr
0.69	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.54	SNEC34	Sony Group Split	Pair Corr
0.47	TMCO34	Toyota Motor	Pair Corr
0.37	TSMC34	Taiwan Semiconductor	Pair Corr
0.32	BOEI34	Boeing	Pair Corr

Related Correlations Analysis

	CHCM34	BROF11	LBRD34	Z1OM34	CLOV34	GPIV33	N1XP34	LEVE3
CHCM34		-0.12	0.81	0.86	-0.57	0.1	0.04	-0.74	CHCM34
BROF11	-0.12		0.28	-0.37	0.38	-0.06	0.18	0.44	BROF11
LBRD34	0.81	0.28		0.53	-0.25	0.03	0.14	-0.25	LBRD34
Z1OM34	0.86	-0.37	0.53		-0.65	0.01	0.07	-0.84	Z1OM34
CLOV34	-0.57	0.38	-0.25	-0.65		-0.25	0.34	0.69	CLOV34
GPIV33	0.1	-0.06	0.03	0.01	-0.25		-0.3	-0.08	GPIV33
N1XP34	0.04	0.18	0.14	0.07	0.34	-0.3		0.03	N1XP34
LEVE3	-0.74	0.44	-0.25	-0.84	0.69	-0.08	0.03		LEVE3
	CHCM34	BROF11	LBRD34	Z1OM34	CLOV34	GPIV33	N1XP34	LEVE3

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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

Z1OM34	+ 0.86	CHCM34
LBRD34	+ 0.81	CHCM34
LEVE3	+ 0.69	CLOV34
Z1OM34	+ 0.53	LBRD34
LEVE3	+ 0.44	BROF11
CLOV34	+ 0.38	BROF11

High negative correlations

LEVE3	- 0.84	Z1OM34
LEVE3	- 0.74	CHCM34
CLOV34	- 0.65	Z1OM34
CLOV34	- 0.57	CHCM34
Z1OM34	- 0.37	BROF11
N1XP34	- 0.3	GPIV33

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
CHCM34	1.82	0.36	0.13	(1.20)	2.39	(1.87)	4.82	(3.84)	23.36
BROF11	1.01	(0.07)	0.00	(0.28)	0.00	0.00	2.91	(2.40)	6.10
LBRD34	1.73	0.20	0.07	(1.23)	2.44	(1.80)	3.97	(3.75)	21.71
Z1OM34	1.90	0.54	0.22	(3.57)	1.99	(2.11)	5.39	(4.05)	11.42
CLOV34	2.68	(0.16)	0.00	(0.24)	0.00	0.00	4.82	(6.58)	22.19
GPIV33	2.36	0.00	0.00	0.00	3.06	(2.59)	7.82	(4.76)	17.56
N1XP34	1.76	0.03	0.01	(0.19)	3.09	(1.59)	4.00	(5.72)	13.69
LEVE3	1.12	(0.19)	0.00	12.75	0.00	0.00	2.76	(3.46)	7.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Huntington Ingalls without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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