Hawkins Correlations

HWKN Stock

USD 105.97 0.82 0.77%

The current 90-days correlation between Hawkins and H B Fuller is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hawkins moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hawkins moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hawkins Correlation With Market

Weak diversification

The correlation between Hawkins and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hawkins 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 Hawkins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

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

Moving together with Hawkins Stock

0.64	FF	FutureFuel Corp	Pair Corr
0.64	FEAM	5E Advanced Materials	Pair Corr
0.76	ALB-PA	Albemarle	Pair Corr
0.8	ALB	Albemarle Corp	Pair Corr
0.84	ASH	Ashland Global Holdings	Pair Corr
0.88	CBT	Cabot	Pair Corr
0.87	CMT	Core Molding Technologies	Pair Corr
0.91	FUL	H B Fuller Earnings Call This Week	Pair Corr
0.65	IFF	International Flavors	Pair Corr
0.8	KOP	Koppers Holdings	Pair Corr
0.79	KRO	Kronos Worldwide	Pair Corr
0.83	MTX	Minerals Technologies	Pair Corr
0.87	OEC	Orion Engineered Carbons	Pair Corr
0.67	PPG	PPG Industries	Pair Corr
0.71	PRM	Perimeter Solutions	Pair Corr
0.63	RPM	RPM International	Pair Corr
0.87	SCL	Stepan Company	Pair Corr
0.68	WLK	Westlake Chemical	Pair Corr
0.69	IOSP	Innospec	Pair Corr

Moving against Hawkins Stock

0.64	LIN	Linde plc Ordinary	Pair Corr
0.6	ECL	Ecolab Inc	Pair Corr
0.59	FSI	Flexible Solutions	Pair Corr
0.53	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr
0.73	ALTM	Arcadium Lithium plc	Pair Corr
0.7	X	United States Steel Buyout Trend	Pair Corr
0.53	BGLC	BioNexus Gene Lab	Pair Corr
0.49	SQM	Sociedad Quimica y	Pair Corr

Related Correlations Analysis

	FUL	MTX	KWR	ODC	SXT	IOSP	NTIC
FUL		0.89	0.65	-0.46	0.36	0.75	0.88	FUL
MTX	0.89		0.54	-0.59	0.5	0.94	0.75	MTX
KWR	0.65	0.54		-0.27	0.44	0.51	0.32	KWR
ODC	-0.46	-0.59	-0.27		0.0	-0.65	-0.35	ODC
SXT	0.36	0.5	0.44	0.0		0.58	0.08	SXT
IOSP	0.75	0.94	0.51	-0.65	0.58		0.56	IOSP
NTIC	0.88	0.75	0.32	-0.35	0.08	0.56		NTIC
	FUL	MTX	KWR	ODC	SXT	IOSP	NTIC

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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

IOSP	+ 0.94	MTX
MTX	+ 0.89	FUL
NTIC	+ 0.88	FUL
IOSP	+ 0.75	FUL
NTIC	+ 0.75	MTX
KWR	+ 0.65	FUL

High negative correlations

IOSP	- 0.65	ODC
ODC	- 0.59	MTX
ODC	- 0.46	FUL
NTIC	- 0.35	ODC
ODC	- 0.27	KWR
SXT	- 0.0	ODC

Risk-Adjusted Indicators

There is a big difference between Hawkins Stock performing well and Hawkins 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 Hawkins' 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
FUL	1.25	(0.40)	0.00	(0.60)	0.00	0.00	1.85	(3.00)	8.25
MTX	1.05	(0.16)	0.00	(0.31)	0.00	0.00	1.80	(1.97)	5.89
KWR	1.58	(0.16)	0.00	(0.27)	0.00	0.00	2.99	(4.00)	8.76
ODC	1.59	0.33	0.18	0.47	1.90	(1.74)	2.89	(3.33)	13.42
SXT	1.18	0.04	0.00	(0.05)	0.00	0.00	2.33	(2.24)	11.22
IOSP	1.28	(0.17)	0.00	(0.30)	0.00	0.00	2.34	(3.23)	10.25
NTIC	1.53	(0.38)	0.00	0.61	0.00	0.00	2.93	(3.79)	11.13

Hawkins Corporate Management

Richard Erstad	VP, General Counsel and Secretary	Profile
Shirley Rozeboom	VP Nutrition	Profile
Paul Siler	Corporate Controller	Profile
Douglas Lange	Vice Group	Profile
Drew Grahek	Vice Operations	Profile
David Mangine	Vice Industrial	Profile

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