Humatech Correlations

HUMT Stock

USD 0.0007 0.01 87.93%

The current 90-days correlation between Humatech and Newport Gold is 0.03 (i.e., Significant diversification). The correlation of Humatech 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Humatech Correlation With Market

Very weak diversification

The correlation between Humatech and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Humatech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Humatech Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Humatech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Humatech Stock please use our How to Invest in Humatech guide.

Moving together with Humatech Stock

0.68	CF	CF Industries Holdings Earnings Call This Week	Pair Corr
0.62	C4F	CF Industries Holdings Earnings Call This Week	Pair Corr
0.65	FMC	FMC Corporation	Pair Corr
0.7	IPI	Intrepid Potash	Pair Corr
0.61	MOS	Mosaic	Pair Corr
0.71	NTR	Nutrien Earnings Call This Week	Pair Corr
0.67	SDF	KS Aktiengesellschaft	Pair Corr
0.66	SDF1	KS Aktiengesellschaft	Pair Corr
0.68	SDF	KS Aktiengesellschaft	Pair Corr
0.72	IU2	Yara International ASA	Pair Corr
0.69	80Y	WYNNSTAY GROUP PLC	Pair Corr
0.65	2X0	Corteva	Pair Corr

Moving against Humatech Stock

0.81	7HM	HARVEST MINERALS LTD	Pair Corr
0.63	ENFY	Enlightify	Pair Corr
0.44	PWN	Parkway Corporate	Pair Corr
0.32	4FM	PT BISI International	Pair Corr
0.67	ADVWW	Advantage Solutions	Pair Corr
0.66	BIOX	Bioceres Crop Solutions	Pair Corr
0.59	NITO	N2OFF Inc	Pair Corr
0.52	MAPSW	WM Technology	Pair Corr
0.5	RLF	RLF Agtech	Pair Corr
0.41	ALMIB	Amoeba SA	Pair Corr
0.31	ALFLO	Florentaise SA	Pair Corr

Related Correlations Analysis

	MAAFF	NWPG	WMTN	RNWF	NORNQ	GNHRF	VIPV	FLKI	GMTNF	ECPN
MAAFF		0.0	0.0	0.0	0.0	1.0	0.0	1.0	0.0	0.0	MAAFF
NWPG	0.0		0.4	0.41	-0.54	0.0	0.0	0.0	0.13	0.49	NWPG
WMTN	0.0	0.4		0.64	-0.28	0.0	0.0	0.0	0.26	0.51	WMTN
RNWF	0.0	0.41	0.64		-0.2	0.0	0.0	0.0	0.43	0.45	RNWF
NORNQ	0.0	-0.54	-0.28	-0.2		0.0	0.0	0.0	-0.45	-0.39	NORNQ
GNHRF	1.0	0.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	GNHRF
VIPV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	VIPV
FLKI	1.0	0.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	FLKI
GMTNF	0.0	0.13	0.26	0.43	-0.45	0.0	0.0	0.0		0.31	GMTNF
ECPN	0.0	0.49	0.51	0.45	-0.39	0.0	0.0	0.0	0.31		ECPN
	MAAFF	NWPG	WMTN	RNWF	NORNQ	GNHRF	VIPV	FLKI	GMTNF	ECPN

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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

GNHRF	+ 1.0	MAAFF
FLKI	+ 1.0	MAAFF
FLKI	+ 1.0	GNHRF
RNWF	+ 0.64	WMTN
ECPN	+ 0.51	WMTN
ECPN	+ 0.49	NWPG

High negative correlations

NORNQ	- 0.54	NWPG
GMTNF	- 0.45	NORNQ
ECPN	- 0.39	NORNQ
NORNQ	- 0.28	WMTN
NORNQ	- 0.2	RNWF
ECPN	- 0.0	FLKI

Risk-Adjusted Indicators

There is a big difference between Humatech Stock performing well and Humatech 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 Humatech'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
MAAFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWPG	12.15	3.25	0.17	0.74	10.00	(30.24)	33.33	(16.67)	183.41
WMTN	27.91	13.68	0.00	(1.20)	0.00	0.00	0.00	0.00	900.00
RNWF	16.84	5.40	0.35	4.57	12.34	(22.29)	44.44	(21.13)	130.81
NORNQ	2.56	(1.42)	0.00	(0.72)	0.00	0.00	0.00	0.00	85.71
GNHRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIPV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FLKI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GMTNF	10.97	4.25	0.00	7.39	0.00	0.00	50.00	0.00	150.00
ECPN	7.01	2.87	0.00	(0.55)	0.00	0.00	25.00	0.00	116.67

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