Hubbell Correlations

Hubbell Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hubbell. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Hubbell Stock refer to our How to Trade Hubbell Stock guide.

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 ODFL + 0.91 DOV ODFL + 0.9 ESLT AER + 0.89 DOV ESLT + 0.84 DOV ODFL + 0.78 AER ESLT + 0.77 CW

High negative correlations AYI - 0.72 CW AYI - 0.66 ESLT NVT - 0.51 EFX AYI - 0.44 ODFL AYI - 0.39 DOV EME - 0.29 AER

Risk-Adjusted Indicators

There is a big difference between Hubbell Stock performing well and Hubbell 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 Hubbell'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.