Hudson Technologies Correlations

HDSN Stock

USD 5.94 0.06 1.02%

The current 90-days correlation between Hudson Technologies and Oil Dri is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hudson Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hudson Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hudson Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Hudson Stock, please use our How to Invest in Hudson Technologies guide.

Moving together with Hudson Stock

0.67	FC	Franklin Covey	Pair Corr
0.82	MG	Mistras Group	Pair Corr
0.81	VCIG	VCI Global Limited Trending	Pair Corr
0.83	BCO	Brinks Company	Pair Corr
0.76	DSS	DSS Inc	Pair Corr

Moving against Hudson Stock

0.89	G	Genpact Limited	Pair Corr
0.89	VRSK	Verisk Analytics	Pair Corr
0.88	DRVN	Driven Brands Holdings	Pair Corr
0.87	LZ	LegalZoom	Pair Corr
0.87	WM	Waste Management Sell-off Trend	Pair Corr
0.83	SQ	Block Inc Sell-off Trend	Pair Corr
0.82	BR	Broadridge Financial	Pair Corr
0.82	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.68	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.6	BV	BrightView Holdings	Pair Corr
0.53	NL	NL Industries	Pair Corr
0.91	EXLS	ExlService Holdings	Pair Corr
0.86	CBZ	CBIZ Inc	Pair Corr
0.82	VSEC	VSE Corporation	Pair Corr
0.81	AWX	Avalon Holdings	Pair Corr
0.75	BTM	Bitcoin Depot	Pair Corr
0.7	AXR	AMREP	Pair Corr
0.67	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.5	EEFT	Euronet Worldwide	Pair Corr
0.92	CXW	CoreCivic	Pair Corr
0.88	GFL	Gfl Environmental	Pair Corr
0.86	DLX	Deluxe	Pair Corr
0.85	KAR	KAR Auction Services	Pair Corr
0.84	FVRR	Fiverr International	Pair Corr
0.79	DNB	Dun Bradstreet Holdings Sell-off Trend	Pair Corr

Related Correlations Analysis

	SXT	IOSP	FUL	KWR	ODC	MTX	NEU	HWKN	ESI	OEC
SXT		0.73	0.0	0.46	0.75	0.7	0.08	0.47	0.58	0.24	SXT
IOSP	0.73		-0.07	0.61	0.69	0.87	0.19	0.58	0.74	0.56	IOSP
FUL	0.0	-0.07		0.47	-0.17	-0.4	0.54	0.17	-0.46	0.41	FUL
KWR	0.46	0.61	0.47		0.32	0.24	0.55	0.19	0.23	0.47	KWR
ODC	0.75	0.69	-0.17	0.32		0.7	0.12	0.22	0.63	0.09	ODC
MTX	0.7	0.87	-0.4	0.24	0.7		-0.11	0.53	0.81	0.37	MTX
NEU	0.08	0.19	0.54	0.55	0.12	-0.11		-0.16	0.13	0.25	NEU
HWKN	0.47	0.58	0.17	0.19	0.22	0.53	-0.16		0.19	0.73	HWKN
ESI	0.58	0.74	-0.46	0.23	0.63	0.81	0.13	0.19		0.21	ESI
OEC	0.24	0.56	0.41	0.47	0.09	0.37	0.25	0.73	0.21		OEC
	SXT	IOSP	FUL	KWR	ODC	MTX	NEU	HWKN	ESI	OEC

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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

MTX	+ 0.87	IOSP
ESI	+ 0.81	MTX
ODC	+ 0.75	SXT
ESI	+ 0.74	IOSP
IOSP	+ 0.73	SXT
OEC	+ 0.73	HWKN

High negative correlations

ESI	- 0.46	FUL
MTX	- 0.4	FUL
ODC	- 0.17	FUL
HWKN	- 0.16	NEU
NEU	- 0.11	MTX
FUL	- 0.07	IOSP

Risk-Adjusted Indicators

There is a big difference between Hudson Stock performing well and Hudson Technologies 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 Hudson Technologies' 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	1.08	(0.16)	(0.06)	0.02	1.32	(1.07)	2.14	(2.19)	8.84
IOSP	1.24	(0.17)	(0.02)	0.05	1.37	(1.26)	2.24	(2.10)	16.32
FUL	1.07	(0.31)	0.00	(0.08)	0.00	0.00	1.76	(2.51)	8.58
KWR	1.52	(0.32)	0.00	(0.02)	0.00	0.00	2.23	(2.92)	18.04
ODC	1.25	(0.02)	(0.05)	0.08	1.72	(1.23)	3.02	(2.09)	9.82
MTX	1.32	(0.11)	0.00	0.07	1.43	(1.42)	2.46	(2.51)	11.90
NEU	1.12	(0.23)	0.00	(0.04)	0.00	0.00	2.47	(1.93)	10.57
HWKN	1.72	(0.11)	0.01	0.08	2.60	(1.62)	3.32	(3.65)	13.44
ESI	1.29	0.01	0.01	0.14	1.35	(1.52)	3.77	(2.32)	11.53
OEC	2.23	(0.24)	(0.03)	0.02	2.67	(2.15)	5.81	(3.84)	16.97

Hudson Technologies Corporate Management

Nat CPA	Secretary VP	Profile
Brian Bertaux	Chief Officer	Profile
Riyaz Papar	Director Services	Profile
Kenneth Gaglione	Vice Operations	Profile

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