Humatech Correlations

HUMT Stock

USD 0.01 0.00 0.000002%

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

Good diversification

The correlation between Humatech and DJI is -0.08 (i.e., Good 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 board of governors.

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

Moving against Humatech Stock

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0.4	ENFY	Enlightify	Pair Corr
0.39	ICL	ICL Israel Chemicals	Pair Corr
0.38	002749	Sichuan Guoguang Agr	Pair Corr
0.35	AVD	American Vanguard Trending	Pair Corr
0.32	000525	Nanjing Red Sun	Pair Corr
0.31	605033	Shaanxi Meibang Phar	Pair Corr
0.47	002274	Jiangsu Huachang Chemical	Pair Corr
0.43	002513	Jiangsu Lanfeng Bio	Pair Corr
0.42	000553	ADAMA	Pair Corr
0.37	300387	Hubei Forbon Technology	Pair Corr
0.36	600731	Hunan Haili Chemical	Pair Corr
0.32	000912	Sichuan Lutianhua	Pair Corr
0.42	NITO	N2OFF Inc	Pair Corr
0.38	300575	Jiangsu Flag Chemical	Pair Corr
0.35	002215	Shenzhen Noposion	Pair Corr
0.34	003042	Shandong Sino Agri	Pair Corr

Related Correlations Analysis

	MAAFF	NWPG	WMTN	RNWF	NORNQ	VIPV	FLKI	GMTNF	ECPN
MAAFF		0.0	0.0	0.0	-1.0	0.0	1.0	0.0	0.0	MAAFF
NWPG	0.0		0.2	0.41	0.0	0.0	0.0	0.09	0.41	NWPG
WMTN	0.0	0.2		0.48	0.0	0.0	0.0	0.08	0.26	WMTN
RNWF	0.0	0.41	0.48		0.0	0.0	0.0	0.59	0.57	RNWF
NORNQ	-1.0	0.0	0.0	0.0		0.0	-1.0	0.0	0.0	NORNQ
VIPV	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	-1.0	0.0		0.0	0.0	FLKI
GMTNF	0.0	0.09	0.08	0.59	0.0	0.0	0.0		0.28	GMTNF
ECPN	0.0	0.41	0.26	0.57	0.0	0.0	0.0	0.28		ECPN
	MAAFF	NWPG	WMTN	RNWF	NORNQ	VIPV	FLKI	GMTNF	ECPN

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

FLKI	+ 1.0	MAAFF
GMTNF	+ 0.59	RNWF
ECPN	+ 0.57	RNWF
RNWF	+ 0.48	WMTN
RNWF	+ 0.41	NWPG
ECPN	+ 0.41	NWPG

High negative correlations

FLKI	- 1.0	NORNQ
NORNQ	- 1.0	MAAFF
ECPN	- 0.0	FLKI
GMTNF	- 0.0	FLKI
ECPN	- 0.0	VIPV
GMTNF	- 0.0	VIPV

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	11.89	3.58	0.16	1.29	9.13	(39.45)	40.00	(16.67)	183.41
WMTN	27.95	13.56	0.00	(0.89)	0.00	0.00	0.00	0.00	900.00
RNWF	20.45	8.18	0.51	3.17	12.39	(29.23)	70.00	(21.13)	211.11
NORNQ	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	5.97	1.28	0.00	0.62	0.00	0.00	0.00	0.00	150.00
ECPN	6.36	2.66	0.00	(0.46)	0.00	0.00	0.00	0.00	116.67

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