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Last Update: 22-May-2025, 18:22 CST

HESM Correlation Report

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Correlation Plot    ExplainYTD: HESM  2.6 %  vs. SPX  -0.7 % 
Hess Midstream LP Class A Representing Limited Partner Interests

* Correlation: STRONG* Reward: NEGATIVE
* Diversifier: VERY WEAK* Risk: MODERATE

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.640

-0.089

1.19

-31

5.6

46.7
* Last 60 market days. HESM relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankHESM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.839 Subscribe first then Login to view complete reports now

0.574

-0.142

1.37
2
0.819 Subscribe first then Login to view complete reports now

0.556

-0.055

1.30
3
0.812 Subscribe first then Login to view complete reports now

0.667

-0.180

1.58
4
1
0.777 Subscribe first then Login to view complete reports now

0.789

-0.199

1.16
5
1
0.768 DKL - Delek Logistics Partners L.P. Common Units representing Limited Partner Interests

0.704

0.296

1.25
Least Correlated Non-ETF Securities:
RankHESM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
15
0.000 Subscribe first then Login to view complete reports now

-0.178

1.206

-2.37
2
29
0.000 Subscribe first then Login to view complete reports now

0.018

0.111

0.85
3
1
0.001 Subscribe first then Login to view complete reports now

-0.208

0.341

-0.86
4
3
-0.002 Subscribe first then Login to view complete reports now

0.205

-0.506

2.54
5
16
-0.002 MNDR - Mobile-health Network Solutions Ordinary Shares

0.296

-0.764

3.05
Most Anti-Correlated Non-ETF Securities:
RankHESM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.539 Subscribe first then Login to view complete reports now

-0.599

0.054

-0.38
2
-0.466 Subscribe first then Login to view complete reports now

-0.501

0.007

-0.23
3
-0.461 Subscribe first then Login to view complete reports now

-0.649

-0.031

-0.39
4
-0.441 Subscribe first then Login to view complete reports now

-0.473

0.062

-0.31
5
-0.411 CHFUSD - Swiss Franc US Dollar

-0.463

0.103

-0.44




 

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