HUB Group Inc (HUBG) — Stock Correlations & Overview
Over the past year, HUBG has moved most closely with WERN, ODFL, SNDR. Explore the stocks most correlated and inversely correlated with HUBG below, along with its price, financials, and company profile.
Stocks correlated with HUBG
Correlation of daily returns. Higher positive values move with HUBG; negative values move opposite it. Informational only, not investment advice.
Most correlated with HUBG
| Symbol | Company | Correlation |
|---|---|---|
| WERN | Werner Enterprises IncTRUCKING (NO LOCAL) | 0.62 |
| ODFL | Old Dominion Freight LineTRUCKING (NO LOCAL) | 0.54 |
| SNDR | Schneider National, Inc.TRUCKING (NO LOCAL) | 0.54 |
| ARCB | ArcBest CorporationTRUCKING (NO LOCAL) | 0.52 |
| MRTN | Marten Transport LtdTRUCKING (NO LOCAL) | 0.52 |
Most inversely correlated with HUBG
| Symbol | Company | Correlation |
|---|---|---|
| PLAG | Planet Green Holdings Corp.CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES | -0.39 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.32 |
| SDD | ProShares UltraShort SmallCap600 | -0.32 |
| SBB | ProShares Short SmallCap600 | -0.32 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.30 |
Frequently asked questions about HUBG correlations
- Which stocks are most correlated with HUBG?
- Based on one year of daily returns, the stocks most correlated with HUB Group Inc (HUBG) are WERN (0.62), ODFL (0.54) and SNDR (0.54). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with HUBG?
- Over the past year, the stocks most inversely correlated with HUB Group Inc (HUBG) are PLAG (-0.39), HDGE (-0.32) and SDD (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these HUBG correlations calculated?
- We compute the correlation of daily returns between HUBG and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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