Harte Hanks Correlations

HHS Stock

USD 4.55 0.03 0.66%

The current 90-days correlation between Harte Hanks and FTAI Infrastructure is -0.03 (i.e., Good diversification). The correlation of Harte Hanks 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.

Harte Hanks Correlation With Market

Average diversification

The correlation between Harte Hanks and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harte Hanks 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 Harte Hanks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving together with Harte Stock

0.69	ADD	Color Star Technology	Pair Corr
0.84	ADV	Advantage Solutions Buyout Trend	Pair Corr
0.67	CCO	Clear Channel Outdoor	Pair Corr
0.68	CHR	Cheer Holding	Pair Corr
0.7	CNK	Cinemark Holdings	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.82	DUO	Fangdd Network Group	Pair Corr
0.7	GCI	Gannett	Pair Corr
0.67	IAS	Integral Ad Science	Pair Corr
0.68	IPG	Interpublic Group	Pair Corr
0.71	LEE	Lee Enterprises	Pair Corr
0.69	MCS	Marcus	Pair Corr

Moving against Harte Stock

0.31	CURIW	CuriosityStream	Pair Corr
0.39	FOXA	Fox Corp Class	Pair Corr
0.35	FOX	Fox Corp Class	Pair Corr

Related Correlations Analysis

	FIP	SPLP	TUSK	SEB	MATW	CODI-PA	VMI	GFF	CODI	BBU
FIP		0.27	0.83	-0.67	0.89	0.26	-0.33	0.55	0.75	-0.22	FIP
SPLP	0.27		0.09	-0.06	0.08	-0.21	-0.24	-0.14	0.43	0.28	SPLP
TUSK	0.83	0.09		-0.64	0.82	0.51	-0.07	0.74	0.5	-0.29	TUSK
SEB	-0.67	-0.06	-0.64		-0.67	-0.3	0.64	-0.21	-0.49	0.71	SEB
MATW	0.89	0.08	0.82	-0.67		0.44	-0.18	0.56	0.61	-0.39	MATW
CODI-PA	0.26	-0.21	0.51	-0.3	0.44		0.14	0.28	-0.19	-0.33	CODI-PA
VMI	-0.33	-0.24	-0.07	0.64	-0.18	0.14		0.31	-0.34	0.45	VMI
GFF	0.55	-0.14	0.74	-0.21	0.56	0.28	0.31		0.27	0.01	GFF
CODI	0.75	0.43	0.5	-0.49	0.61	-0.19	-0.34	0.27		0.03	CODI
BBU	-0.22	0.28	-0.29	0.71	-0.39	-0.33	0.45	0.01	0.03		BBU
	FIP	SPLP	TUSK	SEB	MATW	CODI-PA	VMI	GFF	CODI	BBU

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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

MATW	+ 0.89	FIP
TUSK	+ 0.83	FIP
MATW	+ 0.82	TUSK
CODI	+ 0.75	FIP
GFF	+ 0.74	TUSK
BBU	+ 0.71	SEB

High negative correlations

MATW	- 0.67	SEB
SEB	- 0.67	FIP
SEB	- 0.64	TUSK
CODI	- 0.49	SEB
BBU	- 0.39	MATW
CODI	- 0.34	VMI

Risk-Adjusted Indicators

There is a big difference between Harte Stock performing well and Harte Hanks 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 Harte Hanks' 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
FIP	2.50	(0.66)	0.00	(2.16)	0.00	0.00	4.49	(7.04)	20.34
SPLP	1.53	0.04	0.03	0.08	2.77	(2.22)	2.97	(2.21)	18.57
TUSK	3.01	(0.33)	0.00	(0.30)	0.00	0.00	6.13	(6.23)	18.93
SEB	1.48	0.15	0.09	0.11	1.92	(1.52)	2.46	(2.58)	18.96
MATW	2.02	(0.31)	0.00	(0.39)	0.00	0.00	2.96	(4.33)	24.43
CODI-PA	0.86	(0.01)	0.00	(0.12)	0.00	0.00	2.03	(1.96)	5.64
VMI	1.51	0.09	0.00	(0.01)	0.00	0.00	2.59	(3.71)	21.38
GFF	1.45	(0.05)	0.00	(0.13)	0.00	0.00	2.22	(3.19)	12.51
CODI	1.30	(0.31)	0.00	0.45	0.00	0.00	1.99	(2.82)	12.88
BBU	1.65	0.03	0.00	(0.07)	0.00	0.00	3.24	(3.28)	12.93

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