Harte Hanks Correlations

HHS Stock

USD 5.17 0.02 0.39%

The current 90-days correlation between Harte Hanks and FTAI Infrastructure is 0.26 (i.e., Modest 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

Modest diversification

The correlation between Harte Hanks and DJI is 0.24 (i.e., Modest 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

0.61	TSQ	Townsquare Media	Pair Corr
0.66	WPP	WPP PLC ADR	Pair Corr

Moving against Harte Stock

0.31	FOX	Fox Corp Class	Pair Corr
0.4	MATH	Metalpha Technology	Pair Corr
0.41	RDIB	Reading International	Pair Corr
0.41	ABLV	Able View Global	Pair Corr

Related Correlations Analysis

	FIP	SPLP	TUSK	SEB	MATW	CODI-PA	VMI	GFF	CODI	BBU
FIP		0.28	0.69	-0.26	0.6	-0.28	0.01	0.53	0.72	0.31	FIP
SPLP	0.28		0.03	0.08	0.1	-0.39	-0.04	-0.05	0.4	0.44	SPLP
TUSK	0.69	0.03		-0.16	0.53	0.04	0.35	0.76	0.35	0.2	TUSK
SEB	-0.26	0.08	-0.16		-0.47	-0.3	0.66	0.21	-0.2	0.69	SEB
MATW	0.6	0.1	0.53	-0.47		0.17	-0.08	0.35	0.39	-0.09	MATW
CODI-PA	-0.28	-0.39	0.04	-0.3	0.17		-0.17	-0.22	-0.67	-0.61	CODI-PA
VMI	0.01	-0.04	0.35	0.66	-0.08	-0.17		0.57	-0.02	0.55	VMI
GFF	0.53	-0.05	0.76	0.21	0.35	-0.22	0.57		0.26	0.45	GFF
CODI	0.72	0.4	0.35	-0.2	0.39	-0.67	-0.02	0.26		0.42	CODI
BBU	0.31	0.44	0.2	0.69	-0.09	-0.61	0.55	0.45	0.42		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

GFF	+ 0.76	TUSK
CODI	+ 0.72	FIP
TUSK	+ 0.69	FIP
BBU	+ 0.69	SEB
VMI	+ 0.66	SEB
MATW	+ 0.6	FIP

High negative correlations

CODI	- 0.67	CODI-PA
BBU	- 0.61	CODI-PA
MATW	- 0.47	SEB
CODI-PA	- 0.39	SPLP
CODI-PA	- 0.3	SEB
CODI-PA	- 0.28	FIP

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	2.35	(0.63)	0.00	154.44	0.00	0.00	4.46	(5.85)	20.34
SPLP	1.74	0.06	0.02	(0.08)	2.96	(2.56)	6.00	(2.59)	22.18
TUSK	2.69	(0.39)	0.00	(0.89)	0.00	0.00	7.02	(5.19)	15.86
SEB	1.29	0.11	0.08	0.72	1.38	(1.41)	2.46	(2.55)	14.51
MATW	2.52	0.20	0.07	0.11	2.69	(3.52)	5.79	(4.33)	30.91
CODI-PA	0.77	0.03	0.03	0.16	0.94	(0.86)	2.01	(1.49)	5.64
VMI	1.34	0.06	0.04	0.60	1.54	(1.54)	2.36	(2.58)	21.33
GFF	1.45	(0.04)	0.00	(0.03)	0.00	0.00	2.87	(2.52)	12.08
CODI	1.00	(0.14)	0.00	0.30	0.00	0.00	1.76	(2.49)	7.13
BBU	1.53	0.06	0.03	(0.73)	1.99	(1.60)	3.24	(2.77)	12.93

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