Hillman Solutions Correlations

HLMN Stock

USD 11.28 0.21 1.90%

The current 90-days correlation between Hillman Solutions Corp and Kennametal is 0.35 (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

Poor diversification

The correlation between Hillman Solutions Corp and DJI is 0.61 (i.e., Poor 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

0.69	KMT	Kennametal	Pair Corr
0.81	SNA	Snap On	Pair Corr
0.73	LECO	Lincoln Electric Holdings	Pair Corr
0.68	B	Barnes Group	Pair Corr
0.73	J	Jacobs Solutions	Pair Corr
0.8	R	Ryder System	Pair Corr
0.66	AL	Air Lease	Pair Corr
0.79	AZ	A2Z Smart Technologies	Pair Corr
0.64	BR	Broadridge Financial	Pair Corr
0.69	BV	BrightView Holdings	Pair Corr
0.65	BW	Babcock Wilcox Enter	Pair Corr
0.75	CR	Crane Company	Pair Corr
0.86	CW	Curtiss Wright	Pair Corr
0.64	DE	Deere Company Fiscal Year End 27th of November 2024	Pair Corr
0.81	IR	Ingersoll Rand	Pair Corr

Moving against Hillman Stock

0.71	QEPC	QEP Co Inc	Pair Corr
0.36	TTC	Toro Fiscal Year End 18th of December 2024	Pair Corr
0.31	SWK	Stanley Black Decker	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.52	CP	Canadian Pacific Railway	Pair Corr
0.76	RR	Richtech Robotics Class	Pair Corr
0.59	ST	Sensata Technologies	Pair Corr
0.57	SB	Safe Bulkers	Pair Corr
0.51	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	KMT	PFIN	SCX	SKFRY	EML	TKR	LECO	SCXLB	TTC	SNA
KMT		0.55	0.48	0.28	-0.6	-0.61	0.85	0.0	-0.03	0.8	KMT
PFIN	0.55		0.46	0.41	-0.03	-0.19	0.69	0.0	-0.49	0.76	PFIN
SCX	0.48	0.46		0.16	-0.28	-0.37	0.36	0.0	0.03	0.34	SCX
SKFRY	0.28	0.41	0.16		0.27	0.26	0.45	0.0	0.2	0.19	SKFRY
EML	-0.6	-0.03	-0.28	0.27		0.82	-0.35	0.0	0.01	-0.45	EML
TKR	-0.61	-0.19	-0.37	0.26	0.82		-0.3	0.0	0.22	-0.48	TKR
LECO	0.85	0.69	0.36	0.45	-0.35	-0.3		0.0	-0.04	0.86	LECO
SCXLB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SCXLB
TTC	-0.03	-0.49	0.03	0.2	0.01	0.22	-0.04	0.0		-0.42	TTC
SNA	0.8	0.76	0.34	0.19	-0.45	-0.48	0.86	0.0	-0.42		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	+ 0.86	LECO
LECO	+ 0.85	KMT
TKR	+ 0.82	EML
SNA	+ 0.8	KMT
SNA	+ 0.76	PFIN
LECO	+ 0.69	PFIN

High negative correlations

TKR	- 0.61	KMT
EML	- 0.6	KMT
TTC	- 0.49	PFIN
SNA	- 0.48	TKR
SNA	- 0.45	EML
SNA	- 0.42	TTC

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	1.45	(0.07)	0.08	0.10	1.50	(1.58)	2.76	(2.06)	23.53
PFIN	1.39	0.46	0.19	4.63	1.33	(1.71)	3.15	(2.91)	11.88
SCX	2.52	0.38	0.06	(0.45)	2.93	(2.75)	6.74	(5.00)	16.39
SKFRY	1.55	(0.04)	(0.04)	0.05	2.05	(1.50)	2.72	(3.28)	11.40
EML	1.73	(0.12)	0.00	(0.04)	0.00	0.00	4.10	(3.42)	12.25
TKR	1.42	(0.29)	0.00	(0.06)	0.00	0.00	2.64	(2.47)	16.50
LECO	1.43	(0.07)	0.02	0.08	1.46	(1.67)	3.09	(2.12)	9.04
SCXLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTC	1.16	(0.19)	0.00	(0.08)	0.00	0.00	1.94	(2.19)	11.13
SNA	1.00	0.28	0.41	0.34	0.00	(1.31)	2.22	(0.96)	10.93

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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