BWMN vs HUDI: Correlation
Bowman Consulting Group Ltd. (BWMN) and Huadi International Group Co., Ltd. (HUDI) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWMN and HUDI?
On 3 years of weekly data the BWMN/HUDI correlation comes out at 0.38, moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.38). The 5-year figure is 0.03, and annualized covariance runs at 1220.6 %².
Among the 17 assets we track against BWMN, HUDI ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BWMN outperformed by 40.5 percentage points (+1.5% for BWMN against -39.0% for HUDI).
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 HUDI: side by side
| BWMN (Bowman Consulting Group Ltd.) | HUDI (Huadi International Group Co., Ltd.) | |
|---|---|---|
| 1-year return | +1.5% | -39.0% |
| 5-year return | +220.2% | -78.4% |
| Volatility (ann.) | 56.7% | 56.1% |
| Beta vs S&P 500 | 1.08 | 0.78 |
| Max drawdown (3Y) | -56.2% | -83.4% |
| 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 | HUDI |
|---|---|---|
| 2022 | +2.8% | -84.1% |
| 2023 | +62.6% | -40.2% |
| 2024 | -29.8% | -42.9% |
| 2025 | +32.3% | -35.4% |
| 2026 | +28.8% | -24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWMN and HUDI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BWMN and HUDI?
As of 2026-08-27, the correlation of weekly returns between BWMN and HUDI is 0.38 over 3 years, 0.49 over 1 year and 0.03 over 5 years.
Is HUDI a good diversifier for BWMN?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BWMN correlations · HUDI correlations
