Hub Correlations

HUBG Stock

USD 44.83 1.65 3.55%

The current 90-days correlation between Hub Group and Landstar System is 0.1 (i.e., Average diversification). The correlation of Hub 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.

Hub Correlation With Market

Modest diversification

The correlation between Hub Group and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hub Group 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 Hub 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 bureau of labor statistics.

Moving together with Hub Stock

0.79	FDX	FedEx	Pair Corr
0.68	JBHT	JB Hunt Transport	Pair Corr
0.68	LSTR	Landstar System	Pair Corr
0.76	RLGT	Radiant Logistics	Pair Corr
0.76	G	Genpact Limited	Pair Corr
0.82	R	Ryder System	Pair Corr
0.78	AL	Air Lease	Pair Corr
0.7	BR	Broadridge Financial	Pair Corr
0.91	CR	Crane Company	Pair Corr
0.73	CW	Curtiss Wright	Pair Corr

Moving against Hub Stock

0.52	CRGOW	Freightos Limited	Pair Corr
0.42	ZTO	ZTO Express	Pair Corr
0.39	FLX	BingEx	Pair Corr
0.59	ATXG	Addentax Group Corp	Pair Corr
0.44	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.34	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	LSTR	JBHT	EXPD	CHRW	FWRD
LSTR		0.77	0.72	0.49	0.52	LSTR
JBHT	0.77		0.5	0.3	0.47	JBHT
EXPD	0.72	0.5		0.5	0.6	EXPD
CHRW	0.49	0.3	0.5		0.16	CHRW
FWRD	0.52	0.47	0.6	0.16		FWRD
	LSTR	JBHT	EXPD	CHRW	FWRD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Hub Stock performing well and Hub 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 Hub'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LSTR	1.18	(0.08)	(0.06)	2.32	(2.02)	8.58
JBHT	1.24	(0.04)	(0.14)	2.71	(2.36)	7.87
EXPD	0.68	(0.16)	(0.36)	1.34	(1.58)	4.85
CHRW	0.99	(0.08)	(0.25)	2.22	(1.79)	7.54
FWRD	2.22	(0.21)	(0.71)	6.61	(4.47)	14.50

Hub Corporate Management

Jessica Pokrajac	Executive Solutions	Profile
Kevin Beth	Ex Officer	Profile
Lorna Williams	Vice Relations	Profile
Brian Meents	Executive Officer	Profile
Ben Strickler	Executive Solutions	Profile
Michael Daly	Senior Strategy	Profile
Geoffrey DeMartino	CFO VP	Profile

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

2024 Macroaxis LLC