Hackett Correlations
| HCKT Stock | USD 14.38 0.93 6.07% |
The current 90-days correlation between Hackett Group and IBEX is 0.69 (i.e., Poor diversification). The correlation of Hackett 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hackett Group. 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. Moving together with Hackett Stock
| 0.71 | DUG | DUG Technology | PairCorr |
| 0.9 | CGM | Capgemini SE Earnings Call Tomorrow | PairCorr |
| 0.7 | ZZG | INFORMATION SVC GRP | PairCorr |
| 0.63 | IVVD | Invivyd | PairCorr |
Moving against Hackett Stock
| 0.54 | DM | Datametrex AI | PairCorr |
| 0.39 | REM | Remsense Technologies | PairCorr |
| 0.52 | NFG | National Fuel Gas | PairCorr |
| 0.41 | OBYCF | Obayashi | PairCorr |
| 0.31 | TFLM | TFLM | PairCorr |
Related Correlations Analysis
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 Hackett Stock performing well and Hackett 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 Hackett'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IBEX | 1.62 | (0.39) | 0.00 | (0.27) | 0.00 | 2.51 | 12.38 | |||
| TSSI | 5.02 | (0.98) | 0.00 | (0.17) | 0.00 | 8.77 | 45.57 | |||
| TLS | 3.05 | (0.65) | 0.00 | (0.24) | 0.00 | 4.84 | 37.35 | |||
| LZMH | 4.67 | (1.07) | 0.00 | 2.56 | 0.00 | 9.56 | 58.11 | |||
| CLMB | 1.75 | 0.00 | 0.01 | 0.09 | 2.04 | 4.03 | 13.98 | |||
| XRX | 3.44 | (0.69) | 0.00 | (0.18) | 0.00 | 7.60 | 24.08 | |||
| CNDT | 3.36 | (0.90) | 0.00 | (0.25) | 0.00 | 5.82 | 23.18 | |||
| DAVA | 3.02 | (0.83) | 0.00 | (0.44) | 0.00 | 4.93 | 30.79 | |||
| OSPN | 1.70 | (0.25) | 0.00 | (0.10) | 0.00 | 3.47 | 9.86 | |||
| PRTH | 2.04 | 0.04 | 0.04 | 0.12 | 2.27 | 5.63 | 22.16 |
Hackett Corporate Executives
Elected by the shareholders, the Hackett's board of directors comprises two types of representatives: Hackett inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hackett. The board's role is to monitor Hackett's management team and ensure that shareholders' interests are well served. Hackett's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hackett's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Ramirez | CFO, Principal Accounting Officer and Executive VP of Fin. | Profile |