Hawkins Correlations

HWKN Stock

USD 130.03 2.00 1.56%

The current 90-days correlation between Hawkins and H B Fuller is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hawkins moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hawkins moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hawkins Correlation With Market

Poor diversification

The correlation between Hawkins and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hawkins 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 Hawkins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Hawkins Stock, please use our How to Invest in Hawkins guide.

Moving together with Hawkins Stock

0.67

OEC

Orion Engineered Carbons

Pair Corr

Related Correlations Analysis

	FUL	MTX	KWR	ODC	SXT	IOSP	NTIC
FUL		-0.39	0.46	-0.17	-0.1	-0.03	-0.08	FUL
MTX	-0.39		0.36	0.7	0.69	0.85	0.65	MTX
KWR	0.46	0.36		0.39	0.45	0.73	0.42	KWR
ODC	-0.17	0.7	0.39		0.72	0.65	0.43	ODC
SXT	-0.1	0.69	0.45	0.72		0.7	0.18	SXT
IOSP	-0.03	0.85	0.73	0.65	0.7		0.66	IOSP
NTIC	-0.08	0.65	0.42	0.43	0.18	0.66		NTIC
	FUL	MTX	KWR	ODC	SXT	IOSP	NTIC

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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

IOSP	+ 0.85	MTX
IOSP	+ 0.73	KWR
SXT	+ 0.72	ODC
ODC	+ 0.7	MTX
IOSP	+ 0.7	SXT
SXT	+ 0.69	MTX

High negative correlations

MTX	- 0.39	FUL
ODC	- 0.17	FUL
SXT	- 0.1	FUL
NTIC	- 0.08	FUL
IOSP	- 0.03	FUL

Risk-Adjusted Indicators

There is a big difference between Hawkins Stock performing well and Hawkins 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 Hawkins' 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
FUL	1.04	(0.28)	0.00	(0.07)	0.00	0.00	1.76	(2.51)	8.58
MTX	1.31	(0.06)	0.04	0.09	1.30	(1.49)	2.94	(2.51)	11.90
KWR	1.49	(0.23)	(0.04)	0.02	1.84	(1.54)	2.37	(2.62)	18.04
ODC	1.34	(0.01)	0.01	0.11	1.61	(1.37)	3.14	(2.09)	12.06
SXT	1.07	(0.08)	(0.02)	0.07	1.24	(1.08)	2.14	(2.19)	8.84
IOSP	1.25	(0.13)	0.01	0.06	1.31	(1.34)	2.24	(2.10)	16.32
NTIC	2.21	0.00	0.02	0.12	2.42	(2.39)	4.73	(4.24)	9.79

Hawkins Corporate Management

Richard Erstad	VP, General Counsel and Secretary	Profile
Shirley Rozeboom	VP Nutrition	Profile
Paul Siler	Corporate Controller	Profile
Douglas Lange	Vice Group	Profile
Drew Grahek	Vice Operations	Profile
David Mangine	Vice Industrial	Profile

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