Hub Correlations

HUBG Stock

USD 44.14 1.39 3.25%

The current 90-days correlation between Hub Group and Trinity Industries is 0.47 (i.e., Very weak 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

Very weak diversification

The correlation between Hub Group and DJI is 0.42 (i.e., Very weak 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

0.82	EXPD	Expeditors International	Pair Corr
0.88	FDX	FedEx	Pair Corr
0.7	FWRD	Forward Air	Pair Corr
0.84	UPS	United Parcel Service	Pair Corr
0.71	XPO	XPO Logistics	Pair Corr
0.94	ZTO	ZTO Express	Pair Corr
0.87	TTNM	Titanium Transportation	Pair Corr
0.82	UPS	UPS CDR	Pair Corr
0.77	601156	Eastern Air Logistics	Pair Corr
0.92	RLGT	Radiant Logistics	Pair Corr
0.75	CHRW	CH Robinson Worldwide	Pair Corr
0.74	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.74	WF	Woori Financial Group	Pair Corr
0.82	NRC	National Research Corp	Pair Corr
0.77	FQVLF	First Quantum Minerals	Pair Corr
0.88	MEOAF	Melbana Energy	Pair Corr
0.74	BNXAF	Banxa Holdings	Pair Corr
0.92	RMDFF	Richmond Minerals	Pair Corr
0.87	BROS	Dutch Bros	Pair Corr

Moving against Hub Stock

0.9	HKPD	Hong Kong Pharma	Pair Corr
0.83	AIRT	Air T Inc	Pair Corr
0.82	000099	Citic Offshore Helicopter	Pair Corr
0.76	GVH	Globavend Holdings	Pair Corr
0.76	603713	Milkyway Chemical Supply	Pair Corr
0.43	JYD	Jayud Global Logistics	Pair Corr
0.41	FLX	BingEx Downward Rally	Pair Corr
0.93	CJMB	Callan JMB Common	Pair Corr
0.78	CRGO	Freightos Limited	Pair Corr
0.74	VFSWW	VinFast Auto	Pair Corr
0.46	694308HY6	US694308HY69	Pair Corr

Related Correlations Analysis

	TRN	PBI	ALG	SBLK	AMRC	PSIX	EPAC	ATKR	TRTN-PC	UPWK
TRN		0.76	0.63	-0.31	0.21	0.45	0.36	0.14	0.33	0.28	TRN
PBI	0.76		0.82	-0.53	0.47	0.64	0.56	0.07	0.08	-0.12	PBI
ALG	0.63	0.82		-0.72	0.62	0.9	0.76	0.19	-0.14	-0.36	ALG
SBLK	-0.31	-0.53	-0.72		-0.59	-0.72	-0.63	-0.15	0.32	0.54	SBLK
AMRC	0.21	0.47	0.62	-0.59		0.77	0.62	0.43	-0.74	-0.73	AMRC
PSIX	0.45	0.64	0.9	-0.72	0.77		0.73	0.26	-0.42	-0.53	PSIX
EPAC	0.36	0.56	0.76	-0.63	0.62	0.73		0.51	-0.19	-0.49	EPAC
ATKR	0.14	0.07	0.19	-0.15	0.43	0.26	0.51		-0.2	-0.27	ATKR
TRTN-PC	0.33	0.08	-0.14	0.32	-0.74	-0.42	-0.19	-0.2		0.71	TRTN-PC
UPWK	0.28	-0.12	-0.36	0.54	-0.73	-0.53	-0.49	-0.27	0.71		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	+ 0.9	ALG
ALG	+ 0.82	PBI
PSIX	+ 0.77	AMRC
PBI	+ 0.76	TRN
EPAC	+ 0.76	ALG
EPAC	+ 0.73	PSIX

High negative correlations

TRTN-PC	- 0.74	AMRC
UPWK	- 0.73	AMRC
PSIX	- 0.72	SBLK
SBLK	- 0.72	ALG
EPAC	- 0.63	SBLK
AMRC	- 0.59	SBLK

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	1.04	(0.09)	0.00	(0.06)	0.00	0.00	1.87	(2.36)	5.51
PBI	1.46	(0.18)	0.00	(0.12)	0.00	0.00	3.12	(2.96)	14.08
ALG	1.19	(0.22)	0.00	(0.20)	0.00	0.00	2.28	(2.09)	6.93
SBLK	1.30	0.04	0.01	0.12	1.81	(1.27)	2.73	(2.41)	8.00
AMRC	2.59	(0.19)	0.00	(0.05)	0.00	0.00	4.71	(6.29)	21.09
PSIX	4.02	(0.73)	0.00	(0.22)	0.00	0.00	7.68	(8.26)	29.92
EPAC	1.39	(0.11)	0.00	(0.03)	0.00	0.00	3.65	(2.53)	13.58
ATKR	1.54	(0.04)	0.00	0.04	2.63	(1.62)	3.11	(2.59)	16.29
TRTN-PC	0.37	0.02	(0.07)	0.50	0.40	(0.39)	0.73	(0.78)	2.44
UPWK	2.86	0.10	0.03	0.15	3.05	(3.12)	7.03	(5.07)	20.70

Hub Corporate Management

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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