Hub Correlations

HUBG Stock

USD 47.53 0.03 0.06%

The current 90-days correlation between Hub Group and Trinity Industries is 0.39 (i.e., 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 poor diversification

The correlation between Hub Group and DJI is 0.88 (i.e., Very 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

0.86	EXPD	Expeditors International	Pair Corr
0.94	FDX	FedEx	Pair Corr
0.93	UPS	United Parcel Service Earnings Call Today	Pair Corr
0.78	XPO	XPO Logistics	Pair Corr
0.96	ZTO	ZTO Express	Pair Corr
0.83	TTNM	Titanium Transportation	Pair Corr
0.87	601156	Eastern Air Logistics	Pair Corr
0.83	CHRW	CH Robinson Worldwide Earnings Call Tomorrow	Pair Corr
0.7	SLF	Sun Life Financial	Pair Corr
0.69	GLUC	Glucose Health	Pair Corr
0.72	LMND	Lemonade	Pair Corr
0.94	VZLA	Vizsla Resources Corp	Pair Corr
0.76	RAIL	Freightcar America	Pair Corr
0.84	MRNA	Moderna Downward Rally	Pair Corr
0.94	GMRE	Global Medical REIT	Pair Corr
0.73	MCBS	MetroCity Bankshares Earnings Call Today	Pair Corr
0.66	BYOGF	Bounty Oil Gas	Pair Corr
0.77	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.75	NGG	National Grid PLC	Pair Corr
0.8	NBPVF	NB Private Equity	Pair Corr
0.89	GBCI	Glacier Bancorp	Pair Corr
0.61	DE	Deere Company	Pair Corr

Moving against Hub Stock

0.6	SIGL	Signal Advance	Pair Corr
0.34	HNRC	Houston Natural Resources	Pair Corr
0.39	STRG	Starguide Group	Pair Corr

Related Correlations Analysis

	TRN	PBI	ALG	SBLK	AMRC	PSIX	EPAC	ATKR	TRTN-PC	UPWK
TRN		0.72	0.58	0.13	-0.09	0.37	0.33	0.31	0.54	0.49	TRN
PBI	0.72		0.61	-0.16	0.22	0.45	0.52	0.28	0.38	0.11	PBI
ALG	0.58	0.61		0.15	0.17	0.76	0.76	0.78	0.39	0.06	ALG
SBLK	0.13	-0.16	0.15		-0.44	-0.2	-0.17	0.38	0.4	0.57	SBLK
AMRC	-0.09	0.22	0.17	-0.44		0.59	0.48	0.3	-0.68	-0.71	AMRC
PSIX	0.37	0.45	0.76	-0.2	0.59		0.82	0.7	-0.04	-0.31	PSIX
EPAC	0.33	0.52	0.76	-0.17	0.48	0.82		0.66	0.06	-0.26	EPAC
ATKR	0.31	0.28	0.78	0.38	0.3	0.7	0.66		0.14	0.02	ATKR
TRTN-PC	0.54	0.38	0.39	0.4	-0.68	-0.04	0.06	0.14		0.72	TRTN-PC
UPWK	0.49	0.11	0.06	0.57	-0.71	-0.31	-0.26	0.02	0.72		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

EPAC	+ 0.82	PSIX
ATKR	+ 0.78	ALG
PSIX	+ 0.76	ALG
EPAC	+ 0.76	ALG
PBI	+ 0.72	TRN
UPWK	+ 0.72	TRTN-PC

High negative correlations

UPWK	- 0.71	AMRC
TRTN-PC	- 0.68	AMRC
AMRC	- 0.44	SBLK
UPWK	- 0.31	PSIX
UPWK	- 0.26	EPAC
PSIX	- 0.2	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	1.28	(0.05)	(0.03)	0.02	1.52	(1.39)	2.93	(2.67)	13.36
PBI	1.46	(0.24)	0.00	(0.16)	0.00	0.00	2.65	(2.96)	11.68
ALG	1.28	0.07	0.00	0.97	1.40	(1.36)	2.47	(2.08)	8.89
SBLK	1.36	0.33	0.13	3.07	1.78	(1.44)	3.15	(2.54)	9.64
AMRC	2.30	(0.37)	0.00	(0.13)	0.00	0.00	4.15	(5.97)	16.41
PSIX	3.85	(0.16)	(0.01)	0.01	4.87	(4.42)	7.68	(6.33)	27.55
EPAC	1.41	(0.17)	0.00	(0.04)	0.00	0.00	3.65	(2.83)	12.80
ATKR	1.62	(0.02)	0.02	0.06	2.73	(1.70)	3.57	(2.59)	15.67
TRTN-PC	0.34	0.02	(0.08)	0.47	0.45	(0.34)	0.68	(0.64)	2.46
UPWK	2.86	0.41	0.13	0.56	2.70	(3.21)	7.31	(5.07)	20.70

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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