Hurco Companies Correlations

Stocks . USA . 
Stock . Hurco Companies
HURC Stock  USD 22.66  0.23  1.00%   
The current 90-days correlation between Hurco Companies and Omega Flex is -0.05 (i.e., Good diversification). The correlation of Hurco Companies 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.

Hurco Companies Correlation With Market

Average diversification

The correlation between Hurco Companies and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hurco Companies and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hurco Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Hurco Stock refer to our How to Trade Hurco Stock guide.

Moving together with Hurco Stock

  0.85B Barnes GroupPairCorr
  0.81BW Babcock Wilcox EnterPairCorr
  0.68CR Crane CompanyPairCorr
  0.86IR Ingersoll RandPairCorr
  0.8PH Parker HannifinPairCorr
  0.77EPAC Enerpac Tool GroupPairCorr
  0.69ATS ATS CorporationPairCorr
  0.84CMI CumminsPairCorr
  0.67DCI Donaldson Earnings Call This WeekPairCorr
  0.75DOV DoverPairCorr
  0.74EMR Emerson ElectricPairCorr
  0.88ETN Eaton PLCPairCorr
  0.84FLS FlowservePairCorr
  0.66GGG Graco IncPairCorr
  0.71IEX IDEXPairCorr
  0.8ITT ITT IncPairCorr
  0.83ITW Illinois Tool WorksPairCorr
  0.8JBT John Bean TechnologiesPairCorr
  0.63KAI Kadant IncPairCorr
  0.8MIR Mirion TechnologiesPairCorr
  0.79MWA Mueller Water Products Fiscal Year End 11th of December 2024 PairCorr
  0.85NNE Nano Nuclear Energy TrendingPairCorr
  0.88PNR Pentair PLCPairCorr
  0.64ROK Rockwell AutomationPairCorr
  0.64RRX Regal BeloitPairCorr

Moving against Hurco Stock

  0.86RR Richtech Robotics ClassPairCorr
  0.8CVV CVD EquipmentPairCorr
  0.4CXT Crane NXTPairCorr
  0.33AOS Smith AOPairCorr
  0.55TNC Tennant CompanyPairCorr
  0.48IVAC IntevacPairCorr

Related Correlations Analysis

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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   
HLIO
+ 0.91
EPAC
KAI
+ 0.9
EPAC
KAI
+ 0.9
GRC
LXFR
+ 0.89
EPAC
JBT
+ 0.89
EPAC
DCI
+ 0.89
EPAC
  
High negative correlations   
KAI
- 0.75
CYD
CYD
- 0.65
GRC
CYD
- 0.61
EPAC
DCI
- 0.58
CYD
JBT
- 0.55
CYD
CYD
- 0.52
NPO

Risk-Adjusted Indicators

There is a big difference between Hurco Stock performing well and Hurco Companies 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 Hurco Companies' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EPAC  1.17  0.12  0.14  0.20  1.06 
(1.36)
 2.84 
(1.91)
 12.71 
NPO  1.49  0.01  0.08  0.12  1.71 
(1.59)
 3.40 
(2.30)
 13.16 
OFLX  1.64 (0.05) 0.02  0.09  1.71 
(1.86)
 3.46 
(2.69)
 11.00 
GRC  1.34 (0.05) 0.04  0.09  1.50 
(1.49)
 2.41 
(2.42)
 11.59 
CYD  1.38 (0.12) 0.00  0.95  0.00 
 0.00 
 2.84 
(3.34)
 10.93 
LXFR  1.87  0.41  0.22  0.54  1.51 
(2.45)
 3.72 
(2.67)
 16.99 
HLIO  1.67  0.06  0.12  0.15  1.70 
(1.92)
 4.35 
(2.70)
 19.40 
JBT  1.82  0.44  0.21  0.68  1.45 
(2.00)
 3.84 
(2.61)
 21.44 
DCI  0.81 (0.04)(0.05) 0.08  0.96 
(0.92)
 1.89 
(1.67)
 4.88 
KAI  1.57  0.23  0.20  0.24  1.35 
(1.87)
 4.01 
(2.24)
 9.31 

Hurco Companies Corporate Executives

Elected by the shareholders, the Hurco Companies' board of directors comprises two types of representatives: Hurco Companies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hurco. The board's role is to monitor Hurco Companies' management team and ensure that shareholders' interests are well served. Hurco Companies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hurco Companies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Sonja McClellandCFO, VP, Treasurer and SecretaryProfile
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