Hackett Correlations

HCKT Stock

USD 19.87 0.05 0.25%

The current 90-days correlation between Hackett Group and IBEX is 0.47 (i.e., Very weak diversification). The correlation of Hackett 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.

Hackett Correlation With Market

Weak diversification

The correlation between The Hackett Group and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hackett Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hackett Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hackett 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 board of governors.

Moving together with Hackett Stock

0.83	DXC	DXC Technology	Pair Corr
0.7	WIT	Wipro Limited ADR	Pair Corr
0.75	SAIC	Science Applications	Pair Corr

Moving against Hackett Stock

0.71	300168	Wonders Information	Pair Corr
0.7	301390	Hangzhou Gisway Info	Pair Corr
0.69	600764	China Marine Information	Pair Corr
0.69	301311	KSEC Intelligent Tec	Pair Corr
0.62	301299	Sublime China Information	Pair Corr
0.56	300608	SI TECH Information	Pair Corr
0.46	DVLT	Datavault AI Symbol Change	Pair Corr
0.45	MASK	3 E Network	Pair Corr
0.37	LDOS	Leidos Holdings	Pair Corr
0.5	002065	Dhc Software	Pair Corr
0.5	CTBB	Qwest Corp NT	Pair Corr
0.45	301178	Guangdong TianYiMa	Pair Corr
0.43	000555	Digital China Information	Pair Corr
0.42	CTDD	Qwest Corp 6	Pair Corr
0.41	300846	Capitalonline Data	Pair Corr

Related Correlations Analysis

	IBEX	TSSI	TLS	LZMH	CLMB	XRX	CNDT	DAVA	OSPN	PRTH
IBEX		0.46	0.38	0.05	0.6	0.66	0.67	0.58	0.58	0.49	IBEX
TSSI	0.46		0.93	0.72	0.8	0.88	0.71	0.92	0.68	0.68	TSSI
TLS	0.38	0.93		0.69	0.79	0.85	0.67	0.89	0.74	0.65	TLS
LZMH	0.05	0.72	0.69		0.49	0.59	0.49	0.59	0.42	0.41	LZMH
CLMB	0.6	0.8	0.79	0.49		0.9	0.89	0.82	0.94	0.78	CLMB
XRX	0.66	0.88	0.85	0.59	0.9		0.83	0.89	0.83	0.69	XRX
CNDT	0.67	0.71	0.67	0.49	0.89	0.83		0.72	0.86	0.82	CNDT
DAVA	0.58	0.92	0.89	0.59	0.82	0.89	0.72		0.72	0.67	DAVA
OSPN	0.58	0.68	0.74	0.42	0.94	0.83	0.86	0.72		0.77	OSPN
PRTH	0.49	0.68	0.65	0.41	0.78	0.69	0.82	0.67	0.77		PRTH
	IBEX	TSSI	TLS	LZMH	CLMB	XRX	CNDT	DAVA	OSPN	PRTH

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Risk-Adjusted Indicators

There is a big difference between Hackett Stock performing well and Hackett 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 Hackett'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IBEX	1.33	(0.17)	(0.08)	2.51	(3.00)	9.89
TSSI	4.69	(1.24)	(0.26)	6.92	(8.67)	55.90
TLS	3.12	(0.50)	(0.17)	5.42	(6.25)	37.35
LZMH	3.50	(1.11)	(0.96)	5.00	(15.48)	58.11
CLMB	2.13	(0.36)	(0.25)	3.33	(5.36)	12.92
XRX	2.84	(0.70)	(0.19)	5.36	(5.45)	19.00
CNDT	2.57	(0.52)	(0.51)	4.40	(5.34)	23.55
DAVA	2.65	(0.46)	(0.25)	4.82	(5.07)	34.91
OSPN	2.06	(0.33)	(0.22)	3.20	(4.30)	30.02
PRTH	2.84	(0.50)	(0.11)	5.23	(5.03)	35.34

Hackett Corporate Executives

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

Robert Ramirez

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