Allient Correlations

ALNT Stock

39.82 0.32 0.81%

The current 90-days correlation between Allient and LSI Industries is 0.44 (i.e., Very weak diversification). The correlation of Allient is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Allient Correlation With Market

Weak diversification

The correlation between Allient and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allient and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Allient Stock

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

For more information on how to buy Allient Stock please use our How to Invest in Allient guide.

Moving together with Allient Stock

0.8	DSWL	Deswell Industries	Pair Corr
0.95	APH	Amphenol Earnings Call This Week	Pair Corr
0.84	ROG	Rogers Earnings Call This Week	Pair Corr
0.95	TEL	TE Connectivity Earnings Call Tomorrow	Pair Corr
0.79	LFUS	Littelfuse	Pair Corr
0.63	HOLOW	MicroCloud Hologram	Pair Corr
0.87	LYTS	LSI Industries	Pair Corr
0.83	SGMA	SigmaTron International	Pair Corr
0.75	TTMI	TTM Technologies	Pair Corr
0.65	DAKT	Daktronics	Pair Corr
0.92	J	Jacobs Solutions	Pair Corr
0.91	R	Ryder System Earnings Call This Week	Pair Corr
0.72	DIST	Distoken Acquisition	Pair Corr
0.9	AL	Air Lease	Pair Corr
0.8	AP	Ampco Pittsburgh	Pair Corr
0.92	AZ	A2Z Smart Technologies	Pair Corr
0.91	BA	Boeing	Pair Corr
0.88	BE	Bloom Energy Corp	Pair Corr
0.76	BV	BrightView Holdings	Pair Corr
0.89	BW	Babcock Wilcox Enter	Pair Corr
0.9	BZ	Kanzhun Ltd ADR	Pair Corr
0.84	CP	Canadian Pacific Railway	Pair Corr
0.92	CR	Crane Company	Pair Corr
0.96	CW	Curtiss Wright	Pair Corr
0.85	DE	Deere Company	Pair Corr
0.93	DY	Dycom Industries	Pair Corr

Moving against Allient Stock

0.68	HOLO	MicroCloud Hologram	Pair Corr
0.67	MPTI	M tron Industries,	Pair Corr
0.55	SELX	Semilux International	Pair Corr
0.36	OPTX	Syntec Optics Holdings Tech Boost	Pair Corr
0.53	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	VICR	OUSTW	OUSTZ	LYTS	002869	002212	002981	PN	RFX
VICR		0.15	0.14	0.13	0.11	0.3	-0.1	-0.26	0.0	VICR
OUSTW	0.15		0.63	0.44	-0.22	0.17	0.38	0.11	0.0	OUSTW
OUSTZ	0.14	0.63		0.3	-0.23	-0.07	0.38	0.3	0.0	OUSTZ
LYTS	0.13	0.44	0.3		-0.16	0.68	0.7	-0.23	0.0	LYTS
002869	0.11	-0.22	-0.23	-0.16		0.12	0.04	0.06	0.0	002869
002212	0.3	0.17	-0.07	0.68	0.12		0.46	-0.51	0.0	002212
002981	-0.1	0.38	0.38	0.7	0.04	0.46		-0.18	0.0	002981
PN	-0.26	0.11	0.3	-0.23	0.06	-0.51	-0.18		0.0	PN
RFX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RFX
	VICR	OUSTW	OUSTZ	LYTS	002869	002212	002981	PN	RFX

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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

002981	+ 0.7	LYTS
002212	+ 0.68	LYTS
OUSTZ	+ 0.63	OUSTW
002981	+ 0.46	002212
LYTS	+ 0.44	OUSTW
002981	+ 0.38	OUSTW

High negative correlations

PN	- 0.51	002212
PN	- 0.26	VICR
PN	- 0.23	LYTS
002869	- 0.23	OUSTZ
002869	- 0.22	OUSTW
PN	- 0.18	002981

Risk-Adjusted Indicators

There is a big difference between Allient Stock performing well and Allient 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 Allient'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
VICR	1.91	(0.08)	(0.01)	0.07	4.70	(1.76)	3.56	(3.08)	29.23
OUSTW	16.34	3.52	0.22	5.98	12.63	(20.25)	43.62	(25.00)	253.06
OUSTZ	7.65	0.69	0.05	(0.90)	8.60	(10.60)	18.18	(11.11)	58.94
LYTS	1.39	(0.01)	0.00	0.12	2.01	(1.39)	3.27	(2.81)	8.66
002869	1.57	0.02	(0.03)	0.19	2.01	(1.70)	3.07	(3.23)	14.70
002212	1.45	0.14	0.03	0.61	1.38	(1.67)	4.36	(2.55)	12.86
002981	2.90	0.32	0.05	(42.99)	3.39	(3.13)	10.00	(6.40)	19.06
PN	3.47	(0.17)	0.00	10.00	0.00	0.00	6.95	(7.69)	23.72
RFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Allient Corporate Management

Helmut Pirthauer	VP Group	Profile
Steve Warzala	Corporate Officer	Profile
Joseph JD	Secretary	Profile
Nicholas Hoffman	Secretary	Profile
Rob Mastromattei	Chief Officer	Profile
Joseph Kubarek	Secretary	Profile

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