BWMN vs HHS: Correlation
Bowman Consulting Group Ltd. (BWMN) and Harte Hanks, Inc. (HHS) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWMN and HHS?
On 3 years of weekly data the BWMN/HHS correlation comes out at 0.54, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.76 versus 0.54 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 2057.9 %².
HHS is one of the assets that tracks BWMN most closely: it ranks #2 out of the 17 assets we track against BWMN. Their recent paths diverged sharply: over the last 12 months HHS outperformed by 18.4 percentage points (+1.5% for BWMN against +19.9% for HHS).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BWMN vs HHS: side by side
| BWMN (Bowman Consulting Group Ltd.) | HHS (Harte Hanks, Inc.) | |
|---|---|---|
| 1-year return | +1.5% | +19.9% |
| 5-year return | +220.2% | -33.4% |
| Volatility (ann.) | 56.7% | 67.2% |
| Beta vs S&P 500 | 1.08 | 0.84 |
| Max drawdown (3Y) | -56.2% | -77.2% |
| Market cap | $0.7B | – |
| P/E (trailing) | 101.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWMN | HHS |
|---|---|---|
| 2022 | +2.8% | +53.8% |
| 2023 | +62.6% | -41.9% |
| 2024 | -29.8% | -24.2% |
| 2025 | +32.3% | -41.6% |
| 2026 | +28.8% | +43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWMN and HHS good diversifiers for each other?
Only partially. A correlation of 0.54 means BWMN and HHS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BWMN and HHS?
As of 2026-08-27, the correlation of weekly returns between BWMN and HHS is 0.54 over 3 years, 0.76 over 1 year and 0.41 over 5 years.
Is HHS a good diversifier for BWMN?
Only partially. A correlation of 0.54 means BWMN and HHS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwmn-vs-hhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwmn-vs-hhs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BWMN correlations · HHS correlations
