Hudson Global Correlations

HSON Stock

USD 10.39 0.12 1.17%

The current 90-days correlation between Hudson Global and Mastech Holdings is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hudson Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hudson Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hudson Global Correlation With Market

Weak diversification

The correlation between Hudson Global and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hudson Global 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 Hudson Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving together with Hudson Stock

0.79	J	Jacobs Solutions	Pair Corr
0.95	BV	BrightView Holdings	Pair Corr
0.92	BW	Babcock Wilcox Enter	Pair Corr
0.81	CW	Curtiss Wright	Pair Corr
0.62	DY	Dycom Industries	Pair Corr
0.74	FA	First Advantage Corp	Pair Corr
0.74	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.64	HY	Hyster Yale Materials	Pair Corr
0.89	IR	Ingersoll Rand	Pair Corr
0.74	KE	Kimball Electronics	Pair Corr
0.61	NL	NL Industries	Pair Corr
0.81	OP	Oceanpal	Pair Corr
0.74	TH	Target Hospitality Corp	Pair Corr
0.96	UP	Wheels Up Experience	Pair Corr

Moving against Hudson Stock

0.81	EH	Ehang Holdings Downward Rally	Pair Corr
0.79	BZ	Kanzhun Ltd ADR	Pair Corr
0.74	NSP	Insperity	Pair Corr
0.7	GE	GE Aerospace	Pair Corr
0.66	DE	Deere Company	Pair Corr
0.89	VACH	Voyager Acquisition Corp	Pair Corr
0.77	DMYY	dMY Squared Technology	Pair Corr
0.76	WM	Waste Management	Pair Corr
0.74	LZ	LegalZoom	Pair Corr
0.64	MG	Mistras Group	Pair Corr
0.6	PC	Premium Catering	Pair Corr
0.56	SB	Safe Bulkers	Pair Corr
0.38	VATE	Innovate Corp	Pair Corr

Related Correlations Analysis

	MHH	HRT	KFRC	KELYA	KFY	BBSI	HSII	MAN
MHH		0.0	0.78	0.42	0.57	0.88	0.45	-0.1	MHH
HRT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HRT
KFRC	0.78	0.0		0.36	0.68	0.79	0.57	0.39	KFRC
KELYA	0.42	0.0	0.36		0.6	0.48	0.38	0.24	KELYA
KFY	0.57	0.0	0.68	0.6		0.8	0.71	0.53	KFY
BBSI	0.88	0.0	0.79	0.48	0.8		0.6	0.14	BBSI
HSII	0.45	0.0	0.57	0.38	0.71	0.6		0.54	HSII
MAN	-0.1	0.0	0.39	0.24	0.53	0.14	0.54		MAN
	MHH	HRT	KFRC	KELYA	KFY	BBSI	HSII	MAN

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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

BBSI	+ 0.88	MHH
BBSI	+ 0.8	KFY
BBSI	+ 0.79	KFRC
KFRC	+ 0.78	MHH
HSII	+ 0.71	KFY
KFY	+ 0.68	KFRC

High negative correlations

MAN	- 0.1	MHH
MAN	- 0.0	HRT
HSII	- 0.0	HRT
BBSI	- 0.0	HRT
KFY	- 0.0	HRT
KELYA	- 0.0	HRT

Risk-Adjusted Indicators

There is a big difference between Hudson Stock performing well and Hudson Global 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 Global's 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MHH	3.73	(0.39)	(0.34)	7.26	(8.46)	25.61
HRT	0.00	0.00	0.00	0.00	0.00	0.00
KFRC	1.16	(0.20)	(0.38)	2.22	(3.31)	7.05
KELYA	1.55	0.02	(0.04)	3.16	(3.36)	11.95
KFY	1.14	0.00	(0.08)	1.94	(2.63)	8.79
BBSI	0.95	(0.04)	(0.13)	1.91	(1.96)	4.99
HSII	1.23	(0.03)	(0.16)	2.44	(3.38)	17.22
MAN	1.32	0.04	(0.01)	3.22	(2.38)	8.18

Hudson Global Corporate Management

Bree Walsh	Managing APAC	Profile
Jamie Bais	Head COE	Profile
Nabil Kamleh	Managing Africa	Profile
Matthew Diamond	Principal Financial Officer	Profile
Kimberley Hubble	Chief APAC	Profile
Philip Skalski	Corporate Secretary	Profile

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