Hub Correlations

HUBG Stock

USD 41.06 1.20 3.01%

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

Poor diversification

The correlation between Hub Group and DJI is 0.71 (i.e., Poor 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.

Build AI portfolio with Hub Stock

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

0.9	EXPD	Expeditors International Earnings Call This Week	Pair Corr
0.71	MLL	Mller Die	Pair Corr
0.81	FWRD	Forward Air	Pair Corr
0.66	TTNM	Titanium Transportation	Pair Corr
0.72	JB1	JB Hunt Transport	Pair Corr
0.75	KNIU	Kuehne Nagel Interna	Pair Corr
0.68	PNL	PostNL NV Earnings Call This Week	Pair Corr
0.7	13B	bpost NV	Pair Corr
0.72	CH1A	CH Robinson Worldwide	Pair Corr
0.61	DHL	Deutsche Post AG	Pair Corr
0.76	CLX	Cti Logistics Earnings Call This Week	Pair Corr

Moving against Hub Stock

0.7	GVH	Globavend Holdings	Pair Corr
0.65	HKPD	Hong Kong Pharma	Pair Corr
0.67	1YM	MARUWA UNYU KIKAN	Pair Corr
0.32	SIY	SINOTRANS LTD H	Pair Corr

Related Correlations Analysis

	TRN	PBI	ALG	SBLK	AMRC	PSIX	EPAC	ATKR	TRTN-PC	UPWK
TRN		0.55	0.81	0.76	0.0	0.85	0.71	0.25	0.48	-0.5	TRN
PBI	0.55		0.62	0.35	-0.37	0.56	0.57	0.34	0.79	0.17	PBI
ALG	0.81	0.62		0.83	-0.08	0.92	0.9	0.63	0.63	-0.33	ALG
SBLK	0.76	0.35	0.83		0.27	0.78	0.71	0.53	0.29	-0.49	SBLK
AMRC	0.0	-0.37	-0.08	0.27		0.07	-0.11	0.16	-0.47	-0.2	AMRC
PSIX	0.85	0.56	0.92	0.78	0.07		0.85	0.57	0.62	-0.38	PSIX
EPAC	0.71	0.57	0.9	0.71	-0.11	0.85		0.59	0.58	-0.32	EPAC
ATKR	0.25	0.34	0.63	0.53	0.16	0.57	0.59		0.41	0.15	ATKR
TRTN-PC	0.48	0.79	0.63	0.29	-0.47	0.62	0.58	0.41		0.17	TRTN-PC
UPWK	-0.5	0.17	-0.33	-0.49	-0.2	-0.38	-0.32	0.15	0.17		UPWK
	TRN	PBI	ALG	SBLK	AMRC	PSIX	EPAC	ATKR	TRTN-PC	UPWK

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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

PSIX	+ 0.92	ALG
EPAC	+ 0.9	ALG
PSIX	+ 0.85	TRN
EPAC	+ 0.85	PSIX
SBLK	+ 0.83	ALG
ALG	+ 0.81	TRN

High negative correlations

UPWK	- 0.5	TRN
UPWK	- 0.49	SBLK
TRTN-PC	- 0.47	AMRC
UPWK	- 0.38	PSIX
AMRC	- 0.37	PBI
UPWK	- 0.33	ALG

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRN	1.36	0.47	0.34	0.95	0.82	(1.63)	3.00	(1.84)	13.36
PBI	1.42	0.24	0.14	0.30	1.47	(1.69)	3.12	(2.42)	9.16
ALG	1.23	0.26	0.21	0.27	1.02	(1.45)	2.81	(2.03)	8.89
SBLK	1.42	0.43	0.19	2.92	1.77	(1.54)	3.15	(2.54)	9.64
AMRC	2.50	(0.07)	(0.01)	0.01	3.37	(2.60)	4.66	(5.97)	17.94
PSIX	4.07	0.53	0.15	0.22	3.82	(5.09)	7.99	(5.74)	24.16
EPAC	1.54	0.04	0.02	0.06	2.09	(1.69)	3.65	(2.83)	12.80
ATKR	1.73	(0.02)	0.01	0.03	2.90	(1.79)	3.57	(3.41)	15.09
TRTN-PC	0.30	0.03	0.00	0.59	0.36	(0.31)	0.68	(0.64)	2.46
UPWK	3.18	(0.29)	0.00	(0.16)	0.00	0.00	6.32	(6.58)	26.37

Hub Corporate Management

Eric Braun	Chief EVP	Profile
Brian Meents	Executive Officer	Profile
Carmen Smith	Executive Officer	Profile
Scott Robider	Executive Mile	Profile
Michele McDermott	Ex Officer	Profile
Geoffrey Turner	Executive Brokerage	Profile
Jakub Cerny	Executive Services	Profile

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