Heartland Express Correlations

HTLD Stock

USD 10.09 0.26 2.51%

The current 90-days correlation between Heartland Express and Ads Tec Energy is -0.05 (i.e., Good diversification). The correlation of Heartland Express 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.

Heartland Express Correlation With Market

Almost no diversification

The correlation between Heartland Express and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heartland Express and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Heartland Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heartland Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Heartland Stock refer to our How to Trade Heartland Stock guide.

Moving together with Heartland Stock

0.96	KNX	Knight Transportation	Pair Corr
0.63	ULH	Universal Logistics Earnings Call This Week	Pair Corr
0.95	JBHT	JB Hunt Transport	Pair Corr
0.97	MRTN	Marten Transport	Pair Corr
0.71	BRK-B	Berkshire Hathaway	Pair Corr
0.76	HYMTF	Hyundai Motor	Pair Corr
0.91	SON	Sonoco Products	Pair Corr
0.78	NOSUF	Nerds on Site	Pair Corr
0.66	WBTNF	Weebit Nano Limited Downward Rally	Pair Corr
0.9	ZTO	ZTO Express	Pair Corr
0.9	GOLD	Gold Inc Earnings Call This Week	Pair Corr
0.86	FNCHF	FINEOSHoldings Plc	Pair Corr
0.9	VFC	VF Corporation	Pair Corr
0.81	SPRY	ARS Pharmaceuticals	Pair Corr
0.91	AOS	Smith AO	Pair Corr
0.86	IFSPF	Interfor	Pair Corr
0.68	RCAT	Red Cat Holdings	Pair Corr
0.84	FTAI	FTAI Aviation	Pair Corr
0.73	EVGRF	China Evergrande New	Pair Corr

Moving against Heartland Stock

0.34	TKURF	Tokyu REIT	Pair Corr
0.31	BRK-A	Berkshire Hathaway	Pair Corr
0.71	ATMV	ATMV Old Symbol Change	Pair Corr

Related Correlations Analysis

	ADSE	CVLG	ULH	FWRD	IIIN	NWPX	FIP	VSTS	LTBR	ASPN
ADSE		0.67	0.31	0.81	0.53	0.63	0.22	0.87	-0.64	-0.51	ADSE
CVLG	0.67		0.68	0.88	0.82	0.91	0.69	0.68	-0.31	-0.27	CVLG
ULH	0.31	0.68		0.45	0.58	0.56	0.67	0.33	0.16	0.3	ULH
FWRD	0.81	0.88	0.45		0.73	0.79	0.41	0.83	-0.61	-0.61	FWRD
IIIN	0.53	0.82	0.58	0.73		0.82	0.51	0.58	-0.28	-0.31	IIIN
NWPX	0.63	0.91	0.56	0.79	0.82		0.62	0.59	-0.28	-0.28	NWPX
FIP	0.22	0.69	0.67	0.41	0.51	0.62		0.17	0.34	0.33	FIP
VSTS	0.87	0.68	0.33	0.83	0.58	0.59	0.17		-0.69	-0.6	VSTS
LTBR	-0.64	-0.31	0.16	-0.61	-0.28	-0.28	0.34	-0.69		0.88	LTBR
ASPN	-0.51	-0.27	0.3	-0.61	-0.31	-0.28	0.33	-0.6	0.88		ASPN
	ADSE	CVLG	ULH	FWRD	IIIN	NWPX	FIP	VSTS	LTBR	ASPN

Please upgrade your account to get full access to Macroaxis premium features

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

NWPX	+ 0.91	CVLG
FWRD	+ 0.88	CVLG
ASPN	+ 0.88	LTBR
VSTS	+ 0.87	ADSE
VSTS	+ 0.83	FWRD
IIIN	+ 0.82	CVLG

High negative correlations

LTBR	- 0.69	VSTS
LTBR	- 0.64	ADSE
ASPN	- 0.61	FWRD
LTBR	- 0.61	FWRD
ASPN	- 0.6	VSTS
ASPN	- 0.51	ADSE

Risk-Adjusted Indicators

There is a big difference between Heartland Stock performing well and Heartland Express 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 Heartland Express' 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
ADSE	2.43	0.36	0.13	0.65	2.48	(2.98)	5.43	(4.04)	17.85
CVLG	1.58	0.31	0.23	0.22	1.16	(2.00)	4.95	(2.56)	9.12
ULH	3.47	(0.24)	0.00	(0.02)	0.00	0.00	8.52	(6.63)	18.95
FWRD	2.02	0.50	0.20	0.58	1.99	(2.22)	4.33	(4.25)	23.46
IIIN	1.36	0.06	0.03	0.12	1.87	(1.36)	2.75	(3.32)	9.58
NWPX	1.42	0.25	0.15	0.27	1.36	(1.62)	3.78	(2.68)	10.96
FIP	3.17	0.10	0.03	0.12	3.69	(3.55)	7.16	(6.73)	18.25
VSTS	2.65	0.41	0.09	(0.54)	3.44	(2.74)	6.21	(6.37)	18.68
LTBR	4.69	(0.28)	0.00	(0.13)	0.00	0.00	9.65	(10.14)	32.08
ASPN	3.62	(1.16)	0.00	(0.35)	0.00	0.00	5.80	(6.54)	52.64

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC