AAON Correlations

AAON Stock

USD 77.56 1.19 1.51%

The current 90-days correlation between AAON Inc and Apogee Enterprises is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AAON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AAON Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AAON Correlation With Market

Very weak diversification

The correlation between AAON Inc and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAON Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AAON Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AAON Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against AAON Stock

0.74	ILAG	Intelligent Living	Pair Corr
0.74	PPIH	Perma Pipe Internati	Pair Corr
0.65	GMS	GMS Inc Sell-off Trend	Pair Corr
0.57	AZEK	Azek Company	Pair Corr
0.53	ARLO	Arlo Technologies	Pair Corr
0.45	NX	Quanex Building Products	Pair Corr
0.43	AEHL	Antelope Enterprise	Pair Corr
0.42	BLDR	Builders FirstSource Earnings Call This Week	Pair Corr
0.38	APT	Alpha Pro Tech	Pair Corr
0.38	JCI	Johnson Controls Int Earnings Call This Week	Pair Corr
0.37	ASPN	Aspen Aerogels	Pair Corr
0.35	AIRJW	Montana Technologies	Pair Corr
0.33	GFF	Griffon Earnings Call This Week	Pair Corr
0.65	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.65	OP	Oceanpal	Pair Corr
0.58	GD	General Dynamics	Pair Corr
0.57	DIST	Distoken Acquisition	Pair Corr
0.55	AZ	A2Z Smart Technologies	Pair Corr
0.51	CW	Curtiss Wright	Pair Corr
0.49	DY	Dycom Industries	Pair Corr
0.42	J	Jacobs Solutions	Pair Corr

Related Correlations Analysis

	APOG	AZEK	LII	ROCK	WMS	EXPO	ABCB	AMWD	FIX
APOG		0.36	0.46	0.1	0.07	0.04	0.21	0.16	-0.04	APOG
AZEK	0.36		0.48	0.57	0.16	-0.43	0.65	-0.46	0.71	AZEK
LII	0.46	0.48		0.79	0.52	-0.36	0.8	0.15	0.61	LII
ROCK	0.1	0.57	0.79		0.57	-0.49	0.89	-0.1	0.88	ROCK
WMS	0.07	0.16	0.52	0.57		-0.01	0.64	0.29	0.49	WMS
EXPO	0.04	-0.43	-0.36	-0.49	-0.01		-0.51	0.63	-0.66	EXPO
ABCB	0.21	0.65	0.8	0.89	0.64	-0.51		-0.14	0.9	ABCB
AMWD	0.16	-0.46	0.15	-0.1	0.29	0.63	-0.14		-0.44	AMWD
FIX	-0.04	0.71	0.61	0.88	0.49	-0.66	0.9	-0.44		FIX
	APOG	AZEK	LII	ROCK	WMS	EXPO	ABCB	AMWD	FIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FIX	+ 0.9	ABCB
ABCB	+ 0.89	ROCK
FIX	+ 0.88	ROCK
ABCB	+ 0.8	LII
ROCK	+ 0.79	LII
FIX	+ 0.71	AZEK

High negative correlations

FIX	- 0.66	EXPO
ABCB	- 0.51	EXPO
EXPO	- 0.49	ROCK
AMWD	- 0.46	AZEK
FIX	- 0.44	AMWD
EXPO	- 0.43	AZEK

Risk-Adjusted Indicators

There is a big difference between AAON Stock performing well and AAON Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze AAON's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
APOG	1.87	(0.28)	0.00	(0.04)	0.00	0.00	4.00	(3.25)	15.25
AZEK	1.43	0.13	(0.02)	0.80	1.41	(1.81)	2.63	(2.43)	11.69
LII	1.48	0.02	0.03	0.22	2.14	(1.53)	3.31	(2.24)	12.29
ROCK	1.56	0.38	0.07	(1.72)	1.54	(1.76)	3.40	(3.02)	9.45
WMS	1.85	(0.15)	0.00	0.12	1.90	(2.04)	4.14	(3.09)	12.49
EXPO	1.27	(0.30)	0.00	(0.11)	0.00	0.00	2.48	(2.42)	6.69
ABCB	1.19	0.08	0.11	0.27	0.91	(1.44)	2.79	(1.71)	8.02
AMWD	2.02	(0.35)	(0.07)	0.01	2.63	(2.05)	4.03	(4.60)	10.05
FIX	1.61	0.73	0.23	(1.78)	1.33	(1.84)	4.51	(2.60)	8.48

AAON Corporate Management

Stephen Wakefield	Executive Unit	Profile
Christopher Eason	Principal Officer	Profile
Joseph CFA	Director Relations	Profile
Luke Bomer	Secretary	Profile

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