Hillman Solutions Correlations

HLMN Stock

USD 9.04 0.06 0.67%

The current 90-days correlation between Hillman Solutions Corp and Kennametal is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hillman Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hillman Solutions Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hillman Solutions Correlation With Market

Very weak diversification

The correlation between Hillman Solutions Corp and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hillman Solutions Corp 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 Hillman Solutions Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Hillman Stock

0.61	EML	Eastern	Pair Corr
0.67	SNA	Snap On	Pair Corr
0.87	TTC	Toro	Pair Corr
0.67	J	Jacobs Solutions	Pair Corr
0.8	R	Ryder System	Pair Corr
0.63	DY	Dycom Industries	Pair Corr
0.8	FA	First Advantage Corp	Pair Corr
0.78	HI	Hillenbrand	Pair Corr
0.83	HY	Hyster Yale Materials	Pair Corr
0.69	IR	Ingersoll Rand	Pair Corr
0.74	PH	Parker Hannifin	Pair Corr

Moving against Hillman Stock

0.53	VACH	Voyager Acquisition Corp	Pair Corr
0.51	DMYY	dMY Squared Technology	Pair Corr
0.47	SB	Safe Bulkers	Pair Corr
0.4	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	KMT	PFIN	SCX	SKFRY	EML	TKR	LECO	SCXLB	TTC	SNA
KMT		0.0	0.0	-0.72	0.26	-0.38	-0.18	0.0	0.69	0.57	KMT
PFIN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFIN
SCX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SCX
SKFRY	-0.72	0.0	0.0		0.24	0.37	0.5	0.0	-0.55	-0.32	SKFRY
EML	0.26	0.0	0.0	0.24		0.34	0.68	0.0	0.42	0.35	EML
TKR	-0.38	0.0	0.0	0.37	0.34		0.76	0.0	0.21	0.22	TKR
LECO	-0.18	0.0	0.0	0.5	0.68	0.76		0.0	0.25	0.23	LECO
SCXLB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SCXLB
TTC	0.69	0.0	0.0	-0.55	0.42	0.21	0.25	0.0		0.78	TTC
SNA	0.57	0.0	0.0	-0.32	0.35	0.22	0.23	0.0	0.78		SNA
	KMT	PFIN	SCX	SKFRY	EML	TKR	LECO	SCXLB	TTC	SNA

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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

SNA	+ 0.78	TTC
LECO	+ 0.76	TKR
TTC	+ 0.69	KMT
LECO	+ 0.68	EML
SNA	+ 0.57	KMT
LECO	+ 0.5	SKFRY

High negative correlations

SKFRY	- 0.72	KMT
TTC	- 0.55	SKFRY
TKR	- 0.38	KMT
SNA	- 0.32	SKFRY
LECO	- 0.18	KMT
SNA	- 0.0	SCXLB

Risk-Adjusted Indicators

There is a big difference between Hillman Stock performing well and Hillman Solutions 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 Hillman Solutions' 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
KMT	1.26	(0.21)	0.00	(0.43)	0.00	0.00	1.85	(3.12)	7.36
PFIN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SKFRY	1.70	0.18	0.09	0.18	1.88	(1.90)	3.06	(3.22)	13.44
EML	1.79	(0.11)	0.00	(0.19)	0.00	0.00	4.56	(3.58)	9.74
TKR	1.30	0.08	0.04	0.04	1.75	(1.35)	3.10	(3.68)	7.96
LECO	1.26	0.03	0.00	(0.02)	0.00	0.00	2.91	(3.18)	13.78
SCXLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTC	1.40	(0.18)	0.00	(0.23)	0.00	0.00	2.85	(3.18)	8.48
SNA	0.97	(0.03)	0.00	(0.07)	0.00	0.00	2.01	(2.08)	6.57

Hillman Solutions Corporate Management

Amanda Kitzberger	General VP	Profile
Gary Seeds	Executive Service	Profile
George Murphy	Divisional Solutions	Profile
Michael Koehler	VP Treasury	Profile
Randall Fagundo	Divisional Solutions	Profile

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