Humitech International Correlations
| HTHL Stock | USD 0.0006 0.00 0.00% |
The current 90-days correlation between Humitech International and Intact Financial is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Humitech International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Humitech International Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Humitech International Correlation With Market
Significant diversification
The correlation between Humitech International Group and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Humitech International Group and DJI in the same portfolio, assuming nothing else is changed.
Humitech |
The ability to find closely correlated positions to Humitech International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Humitech International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Humitech International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Humitech International Group to buy it.
Moving together with Humitech Pink Sheet
| 0.83 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.82 | AA | Alcoa Corp Sell-off Trend | PairCorr |
| 0.71 | BAC | Bank of America | PairCorr |
| 0.81 | GWW | WW Grainger | PairCorr |
| 0.75 | ZPTA | Zapata Computing Holdings Tech Boost | PairCorr |
| 0.61 | ALVLF | Big Ridge Gold | PairCorr |
| 0.61 | TSLA | Tesla Inc Sell-off Trend | PairCorr |
| 0.75 | CX | Cemex SAB de Sell-off Trend | PairCorr |
| 0.63 | APGE | Apogee Therapeutics, | PairCorr |
| 0.74 | GM | General Motors | PairCorr |
Moving against Humitech Pink Sheet
| 0.69 | NTNX | Nutanix | PairCorr |
| 0.65 | CYPS | Cyclo3pss | PairCorr |
| 0.56 | MSFT | Microsoft | PairCorr |
| 0.59 | 12532HAF1 | GIBACN 23 14 | 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
|
Risk-Adjusted Indicators
There is a big difference between Humitech Pink Sheet performing well and Humitech 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 Humitech 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INFFF | 0.05 | 0.02 | 0.00 | (0.13) | 0.00 | 0.00 | 1.74 | |||
| AFSIM | 1.64 | (0.21) | 0.00 | (0.44) | 0.00 | 3.33 | 15.81 | |||
| AFSIC | 1.33 | (0.09) | 0.00 | (0.74) | 0.00 | 4.63 | 13.82 | |||
| AFSIP | 1.14 | (0.15) | 0.00 | (0.15) | 0.00 | 3.54 | 11.46 | |||
| SYANY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AFSIB | 0.79 | (0.05) | 0.00 | (0.06) | 0.00 | 2.75 | 13.13 | |||
| AFSIN | 2.12 | 0.00 | 0.00 | 0.07 | 3.88 | 6.44 | 39.17 | |||
| AFSIA | 1.03 | 0.09 | 0.00 | (0.57) | 1.34 | 3.67 | 11.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Humitech International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
| All Next | Launch Module |
Humitech International Corporate Management
| Don Parks | Chief Director | Profile | |
| Joseph Rahman | Bus Mang | Profile | |
| Ralph Barton | VP Franchising | Profile | |
| D Iatarola | Director Relations | Profile |