HHS vs HUDI: Correlation
How closely do Harte Hanks, Inc. (HHS) and Huadi International Group Co., Ltd. (HUDI) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HHS and HUDI?
Across a 3-year window, the weekly returns of HHS and HUDI correlate at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.36 over 3 years. Stretching to 5 years gives -0.04, with an annualized covariance of 1365.3 %².
Among the 21 assets we track against HHS, HUDI ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HHS outperformed by 58.9 percentage points (+19.9% for HHS 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.
HHS vs HUDI: side by side
| HHS (Harte Hanks, Inc.) | HUDI (Huadi International Group Co., Ltd.) | |
|---|---|---|
| 1-year return | +19.9% | -39.0% |
| 5-year return | -33.4% | -78.4% |
| Volatility (ann.) | 67.2% | 56.1% |
| Beta vs S&P 500 | 0.84 | 0.78 |
| Max drawdown (3Y) | -77.2% | -83.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HHS | HUDI |
|---|---|---|
| 2022 | +53.8% | -84.1% |
| 2023 | -41.9% | -40.2% |
| 2024 | -24.2% | -42.9% |
| 2025 | -41.6% | -35.4% |
| 2026 | +43.9% | -24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHS and HUDI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HHS and HUDI?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.57 over the last year and -0.04 over 5 years.
Is HUDI a good diversifier for HHS?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: HHS correlations · HUDI correlations
