Huadi International Correlations
HUDI Stock | USD 1.62 0.02 1.22% |
The current 90-days correlation between Huadi International and Olympic Steel is 0.03 (i.e., Significant diversification). The correlation of Huadi International 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.
Huadi International Correlation With Market
Good diversification
The correlation between Huadi International Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huadi International Group and DJI in the same portfolio, assuming nothing else is changed.
Huadi |
Moving together with Huadi Stock
0.84 | AA | Alcoa Corp | PairCorr |
0.65 | AG | First Majestic Silver Sell-off Trend | PairCorr |
0.88 | IE | Ivanhoe Electric | PairCorr |
0.72 | NG | NovaGold Resources | PairCorr |
0.63 | SA | Seabridge Gold | PairCorr |
0.72 | TX | Ternium SA ADR | PairCorr |
0.81 | WS | Worthington Steel | PairCorr |
0.82 | CMC | Commercial Metals | PairCorr |
0.8 | DOW | Dow Inc | PairCorr |
0.66 | ERO | Ero Copper Corp Earnings Call Tomorrow | PairCorr |
0.81 | FCX | Freeport McMoran Copper | PairCorr |
0.73 | GAU | Galiano Gold | PairCorr |
0.7 | GGB | Gerdau SA ADR | PairCorr |
0.77 | HUN | Huntsman Downward Rally | PairCorr |
Moving against Huadi Stock
0.51 | AU | AngloGold Ashanti plc | PairCorr |
0.51 | AGI | Alamos Gold | PairCorr |
0.46 | AEM | Agnico Eagle Mines Sell-off Trend | PairCorr |
0.39 | DC | Dakota Gold Corp | PairCorr |
0.33 | DRD | DRDGOLD Limited ADR | PairCorr |
0.32 | WLKP | Westlake Chemical | PairCorr |
0.53 | FNV | Franco Nevada | PairCorr |
0.52 | HMY | Harmony Gold Mining | PairCorr |
0.52 | KGC | Kinross Gold | PairCorr |
0.51 | GFI | Gold Fields | PairCorr |
0.48 | MSB | Mesabi Trust | PairCorr |
0.44 | IAG | IAMGold | PairCorr |
0.37 | EQX | Equinox Gold Corp | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Huadi Stock performing well and Huadi International 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 Huadi International'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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
ZEUS | 1.99 | (0.32) | 0.00 | (0.53) | 0.00 | 3.32 | 13.58 | |||
SCHN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
STLD | 1.46 | (0.06) | 0.00 | (0.12) | 0.00 | 4.13 | 9.19 | |||
CMC | 1.59 | (0.32) | 0.00 | (0.36) | 0.00 | 3.02 | 8.04 | |||
NUE | 1.57 | (0.10) | 0.00 | (0.16) | 0.00 | 3.76 | 8.95 | |||
GGB | 1.71 | (0.22) | 0.00 | (0.35) | 0.00 | 3.53 | 10.90 | |||
USNZY | 2.78 | (0.03) | 0.00 | (0.20) | 0.00 | 7.95 | 16.96 | |||
TMST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
TX | 1.39 | (0.21) | 0.00 | (48.45) | 0.00 | 2.58 | 7.48 | |||
PKX | 1.65 | (0.21) | 0.00 | (0.48) | 0.00 | 3.44 | 11.08 |