Huntington Ingalls Correlations

HII Stock

USD 203.15 0.12 0.06%

The current 90-days correlation between Huntington Ingalls and L3Harris Technologies is 0.41 (i.e., Very weak 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

Average diversification

The correlation between Huntington Ingalls Industries and DJI is 0.19 (i.e., Average 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.

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

Moving together with Huntington Stock

0.84	GD	General Dynamics	Pair Corr
0.8	LHX	L3Harris Technologies	Pair Corr
0.62	LMT	Lockheed Martin	Pair Corr
0.78	NOC	Northrop Grumman	Pair Corr
0.62	VVX	V2X Inc	Pair Corr

Moving against Huntington Stock

0.55	NPK	National Presto Indu	Pair Corr
0.5	PL	Planet Labs PBC	Pair Corr
0.48	RDW	Redwire Corp	Pair Corr
0.44	SATLW	Satellogic Warrant	Pair Corr
0.41	BA	Boeing	Pair Corr
0.4	BA-PA	Boeing	Pair Corr
0.33	EH	Ehang Holdings	Pair Corr
0.52	AOUT	American Outdoor Brands	Pair Corr
0.4	POWW	Ammo Inc	Pair Corr
0.34	LUNR	Intuitive Machines Downward Rally	Pair Corr

Related Correlations Analysis

	LMT	GD	RTX	LHX	NOC	HXL	DCO	MRCY	WWD	AIR
LMT		0.77	-0.44	0.8	0.47	0.13	0.24	-0.47	-0.5	0.03	LMT
GD	0.77		0.03	0.91	0.81	-0.21	0.05	-0.08	-0.22	0.32	GD
RTX	-0.44	0.03		0.04	0.45	-0.43	-0.28	0.58	0.62	0.47	RTX
LHX	0.8	0.91	0.04		0.84	-0.04	0.22	-0.24	-0.17	0.39	LHX
NOC	0.47	0.81	0.45	0.84		-0.25	0.1	0.09	0.12	0.58	NOC
HXL	0.13	-0.21	-0.43	-0.04	-0.25		0.83	-0.22	0.3	0.25	HXL
DCO	0.24	0.05	-0.28	0.22	0.1	0.83		-0.18	0.34	0.51	DCO
MRCY	-0.47	-0.08	0.58	-0.24	0.09	-0.22	-0.18		0.65	0.42	MRCY
WWD	-0.5	-0.22	0.62	-0.17	0.12	0.3	0.34	0.65		0.74	WWD
AIR	0.03	0.32	0.47	0.39	0.58	0.25	0.51	0.42	0.74		AIR
	LMT	GD	RTX	LHX	NOC	HXL	DCO	MRCY	WWD	AIR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

LHX	+ 0.91	GD
NOC	+ 0.84	LHX
DCO	+ 0.83	HXL
NOC	+ 0.81	GD
LHX	+ 0.8	LMT
GD	+ 0.77	LMT

High negative correlations

WWD	- 0.5	LMT
MRCY	- 0.47	LMT
RTX	- 0.44	LMT
HXL	- 0.43	RTX
DCO	- 0.28	RTX
HXL	- 0.25	NOC

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
LMT	1.22	(0.10)	0.00	(0.68)	0.00	0.00	2.58	(2.65)	12.44
GD	1.00	0.05	0.03	0.09	1.51	(0.88)	1.86	(2.20)	7.72
RTX	1.03	0.25	0.19	0.34	1.05	(1.13)	2.52	(1.81)	7.67
LHX	1.04	0.00	0.00	(0.01)	1.32	(1.15)	2.06	(2.53)	6.75
NOC	1.22	0.13	0.08	(10.24)	1.53	(1.29)	2.98	(3.30)	8.42
HXL	1.37	(0.05)	0.00	(0.04)	0.00	0.00	2.86	(3.25)	7.60
DCO	1.11	(0.03)	0.00	(0.06)	0.00	0.00	2.09	(2.46)	10.87
MRCY	1.91	0.33	0.15	4.02	1.93	(2.18)	3.22	(3.77)	23.60
WWD	1.31	0.18	0.11	0.18	1.49	(1.39)	2.71	(2.53)	6.26
AIR	1.17	0.22	0.15	0.34	1.17	(1.25)	2.55	(2.33)	12.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC