Huntington Ingalls Correlations

HII Stock

USD 229.12 2.97 1.31%

The current 90-days correlation between Huntington Ingalls and L3Harris Technologies is 0.69 (i.e., Poor 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

Poor diversification

The correlation between Huntington Ingalls Industries and DJI is 0.6 (i.e., Poor 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 gross domestic product.

Moving together with Huntington Stock

0.74	AZ	A2Z Smart Technologies	Pair Corr
0.77	BA	Boeing	Pair Corr
0.7	CW	Curtiss Wright	Pair Corr
0.8	GD	General Dynamics	Pair Corr
0.64	GE	GE Aerospace	Pair Corr
0.77	BA-PA	Boeing	Pair Corr
0.68	CAE	CAE Inc	Pair Corr
0.86	DRS	Leonardo DRS, Common	Pair Corr
0.76	HWM	Howmet Aerospace	Pair Corr
0.68	LHX	L3Harris Technologies	Pair Corr
0.64	LMT	Lockheed Martin	Pair Corr
0.79	SPR	Spirit Aerosystems	Pair Corr
0.75	TDG	Transdigm Group	Pair Corr

Moving against Huntington Stock

0.4	EH	Ehang Holdings	Pair Corr
0.4	CVU	CPI Aerostructures	Pair Corr
0.54	RGR	Sturm Ruger	Pair Corr
0.36	KWE	KWESST Micro Systems	Pair Corr
0.32	MNTS	Momentus	Pair Corr
0.31	MNTSW	Momentus	Pair Corr

Related Correlations Analysis

	LMT	GD	RTX	LHX	NOC	HXL	DCO	MRCY	WWD	AIR
LMT		0.49	0.31	0.61	-0.18	-0.01	0.49	0.67	0.48	0.19	LMT
GD	0.49		0.53	0.71	0.04	0.1	0.56	0.5	0.54	0.08	GD
RTX	0.31	0.53		0.69	0.04	0.74	0.8	0.36	0.82	0.76	RTX
LHX	0.61	0.71	0.69		-0.22	0.19	0.88	0.67	0.86	0.36	LHX
NOC	-0.18	0.04	0.04	-0.22		0.14	-0.37	-0.17	-0.34	-0.19	NOC
HXL	-0.01	0.1	0.74	0.19	0.14		0.41	-0.05	0.4	0.87	HXL
DCO	0.49	0.56	0.8	0.88	-0.37	0.41		0.55	0.95	0.6	DCO
MRCY	0.67	0.5	0.36	0.67	-0.17	-0.05	0.55		0.63	0.18	MRCY
WWD	0.48	0.54	0.82	0.86	-0.34	0.4	0.95	0.63		0.59	WWD
AIR	0.19	0.08	0.76	0.36	-0.19	0.87	0.6	0.18	0.59		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

WWD	+ 0.95	DCO
DCO	+ 0.88	LHX
AIR	+ 0.87	HXL
WWD	+ 0.86	LHX
WWD	+ 0.82	RTX
DCO	+ 0.8	RTX

High negative correlations

DCO	- 0.37	NOC
WWD	- 0.34	NOC
NOC	- 0.22	LHX
AIR	- 0.19	NOC
NOC	- 0.18	LMT
MRCY	- 0.17	NOC

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	1.17	(0.06)	0.00	(0.86)	0.00	0.00	2.41	(2.82)	7.19
GD	1.01	0.06	0.02	0.13	1.56	(1.02)	2.34	(2.00)	10.03
RTX	1.38	0.13	0.04	0.23	2.62	(1.36)	2.67	(2.15)	16.43
LHX	0.98	0.22	0.18	0.40	0.91	(1.25)	3.28	(1.59)	8.65
NOC	1.28	0.02	(0.01)	0.15	2.79	(1.22)	2.79	(3.05)	16.79
HXL	1.85	(0.06)	(0.02)	0.01	2.62	(1.88)	3.39	(4.01)	16.48
DCO	1.31	0.35	0.19	0.48	1.39	(1.46)	3.95	(2.33)	12.59
MRCY	1.76	0.32	0.11	2.66	2.05	(1.76)	3.75	(3.96)	11.96
WWD	1.73	0.48	0.13	(25.81)	2.76	(1.87)	3.83	(2.53)	15.91
AIR	1.89	0.04	0.01	0.09	3.93	(1.69)	3.33	(3.84)	19.40

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