Huntington Ingalls Correlations

HII Stock

USD 270.72 0.74 0.27%

The current 90-days correlation between Huntington Ingalls and L3Harris Technologies is 0.33 (i.e., Weak diversification). The correlation of Huntington Ingalls 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.

Huntington Ingalls Correlation With Market

Average diversification

The correlation between Huntington Ingalls Industries 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 Huntington Ingalls Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Huntington Stock

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

Moving together with Huntington Stock

0.83	BA	Boeing	Pair Corr
0.8	CW	Curtiss Wright	Pair Corr
0.98	GD	General Dynamics	Pair Corr
0.87	GE	GE Aerospace Sell-off Trend	Pair Corr
0.81	PL	Planet Labs PBC	Pair Corr
0.83	DPRO	Draganfly	Pair Corr
0.83	BA-PA	Boeing	Pair Corr
0.81	ESLT	Elbit Systems	Pair Corr
0.82	AIR	AAR Corp	Pair Corr
0.7	CAE	CAE Inc	Pair Corr
0.94	DCO	Ducommun Incorporated	Pair Corr
0.67	ERJ	Embraer SA ADR	Pair Corr
0.62	HEI	Heico Earnings Call Today	Pair Corr
0.92	HXL	Hexcel	Pair Corr
0.95	LHX	L3Harris Technologies	Pair Corr
0.92	NOC	Northrop Grumman	Pair Corr
0.75	NPK	National Presto Indu	Pair Corr
0.88	PKE	Park Electrochemical	Pair Corr
0.93	RTX	Raytheon Technologies Sell-off Trend	Pair Corr
0.86	SIF	SIFCO Industries	Pair Corr
0.82	SPR	Spirit Aerosystems	Pair Corr
0.71	VVX	V2X Inc	Pair Corr
0.81	WWD	Woodward	Pair Corr

Moving against Huntington Stock

0.71	SATLW	Satellogic Warrant	Pair Corr
0.78	LMT	Lockheed Martin Sell-off Trend	Pair Corr
0.72	RGR	Sturm Ruger	Pair Corr
0.48	RDW	Redwire Corp	Pair Corr
0.91	LOAR	Loar Holdings Sell-off Trend	Pair Corr
0.86	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.7	SHMDW	SCHMID Group NV	Pair Corr
0.49	RAINW	Rain Enhancement Tec	Pair Corr

Related Correlations Analysis

	LMT	GD	RTX	LHX	NOC	HXL	DCO	MRCY	WWD	AIR
LMT		-0.8	-0.77	-0.78	-0.84	-0.72	-0.73	-0.37	-0.62	-0.59	LMT
GD	-0.8		0.92	0.94	0.93	0.93	0.91	0.62	0.77	0.79	GD
RTX	-0.77	0.92		0.96	0.93	0.91	0.94	0.6	0.85	0.83	RTX
LHX	-0.78	0.94	0.96		0.95	0.91	0.91	0.59	0.82	0.81	LHX
NOC	-0.84	0.93	0.93	0.95		0.89	0.85	0.68	0.69	0.7	NOC
HXL	-0.72	0.93	0.91	0.91	0.89		0.91	0.68	0.83	0.89	HXL
DCO	-0.73	0.91	0.94	0.91	0.85	0.91		0.56	0.92	0.88	DCO
MRCY	-0.37	0.62	0.6	0.59	0.68	0.68	0.56		0.34	0.46	MRCY
WWD	-0.62	0.77	0.85	0.82	0.69	0.83	0.92	0.34		0.87	WWD
AIR	-0.59	0.79	0.83	0.81	0.7	0.89	0.88	0.46	0.87		AIR
	LMT	GD	RTX	LHX	NOC	HXL	DCO	MRCY	WWD	AIR

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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

LHX	+ 0.96	RTX
NOC	+ 0.95	LHX
LHX	+ 0.94	GD
DCO	+ 0.94	RTX
NOC	+ 0.93	GD
HXL	+ 0.93	GD

High negative correlations

NOC	- 0.84	LMT
GD	- 0.8	LMT
LHX	- 0.78	LMT
RTX	- 0.77	LMT
DCO	- 0.73	LMT
HXL	- 0.72	LMT

Risk-Adjusted Indicators

There is a big difference between Huntington Stock performing well and Huntington Ingalls 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 Huntington Ingalls' 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
LMT	1.11	(0.07)	0.00	1.78	0.00	0.00	2.55	(2.59)	14.47
GD	0.76	0.14	0.14	0.31	0.50	(0.92)	1.63	(1.31)	7.35
RTX	0.88	0.19	0.11	1.09	0.75	(0.98)	1.91	(1.63)	6.08
LHX	0.76	0.28	0.17	(6.98)	0.72	(0.87)	1.96	(1.44)	7.97
NOC	0.86	0.35	0.20	(2.32)	0.78	(0.97)	1.70	(1.07)	10.48
HXL	1.26	0.15	0.13	0.22	0.99	(1.45)	3.18	(2.10)	6.76
DCO	1.26	0.37	0.20	0.52	1.19	(1.34)	3.43	(2.08)	8.43
MRCY	2.04	0.45	0.18	0.48	2.10	(2.19)	3.99	(3.61)	30.81
WWD	1.13	0.18	0.10	0.37	1.20	(1.21)	2.43	(2.27)	9.10
AIR	1.58	0.19	0.14	0.23	1.47	(1.92)	3.60	(2.51)	17.34

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