Caterpillar Correlations

CAT Stock

USD 594.36 2.14 0.36%

The current 90-days correlation between Caterpillar and Procter Gamble is 0.12 (i.e., Average diversification). The correlation of Caterpillar 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.

Caterpillar Correlation With Market

Weak diversification

The correlation between Caterpillar 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 Caterpillar and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Caterpillar Stock

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

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

Moving together with Caterpillar Stock

0.79	600984	Shaanxi Construction	Pair Corr
0.86	WAB	Westinghouse Air Brake	Pair Corr
0.66	600710	Sumec Corp	Pair Corr
0.73	301039	CIMC Vehicles	Pair Corr
0.62	PPERY	Bank Mandiri Persero	Pair Corr
0.63	PBCRF	PT Bank Central	Pair Corr
0.64	PBCRY	Bank Central Asia	Pair Corr
0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.85	STX	Seagate Technology PLC	Pair Corr
0.91	CHDRF	Christian Dior SE	Pair Corr
0.87	FYBR	Frontier Communications	Pair Corr
0.64	NGKIF	NGK Insulators	Pair Corr
0.65	MUR	Murphy Oil	Pair Corr
0.87	PRTA	Prothena plc	Pair Corr

Moving against Caterpillar Stock

0.79	002526	Shandong Mining Machinery	Pair Corr
0.78	000880	Weichai Heavy Machinery Split	Pair Corr
0.69	CVGI	Commercial Vehicle	Pair Corr
0.64	REVG	Rev Group Earnings Call Today	Pair Corr
0.54	GBX	Greenbrier Companies	Pair Corr
0.48	ASTE	Astec Industries	Pair Corr
0.58	PTAIF	PT Astra International	Pair Corr
0.47	BKRKY	Bank Rakyat	Pair Corr
0.32	IONQ	IONQ Inc Aggressive Push	Pair Corr
0.37	MOB	Mobilicom Limited Upward Rally	Pair Corr

Related Correlations Analysis

	PVAL	AA	PG	MCD	OGE	ELPC	CSCO	WFC	PFE
PVAL		0.84	-0.67	0.41	-0.04	0.84	0.84	0.79	0.58	PVAL
AA	0.84		-0.72	0.36	0.14	0.66	0.81	0.69	0.45	AA
PG	-0.67	-0.72		-0.11	-0.16	-0.6	-0.72	-0.58	-0.42	PG
MCD	0.41	0.36	-0.11		-0.13	0.24	0.36	0.41	0.11	MCD
OGE	-0.04	0.14	-0.16	-0.13		-0.14	-0.09	-0.1	0.11	OGE
ELPC	0.84	0.66	-0.6	0.24	-0.14		0.82	0.72	0.38	ELPC
CSCO	0.84	0.81	-0.72	0.36	-0.09	0.82		0.65	0.51	CSCO
WFC	0.79	0.69	-0.58	0.41	-0.1	0.72	0.65		0.09	WFC
PFE	0.58	0.45	-0.42	0.11	0.11	0.38	0.51	0.09		PFE
	PVAL	AA	PG	MCD	OGE	ELPC	CSCO	WFC	PFE

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

AA	+ 0.84	PVAL
ELPC	+ 0.84	PVAL
CSCO	+ 0.84	PVAL
CSCO	+ 0.82	ELPC
CSCO	+ 0.81	AA
WFC	+ 0.79	PVAL

High negative correlations

CSCO	- 0.72	PG
PG	- 0.72	AA
PG	- 0.67	PVAL
ELPC	- 0.6	PG
WFC	- 0.58	PG
PFE	- 0.42	PG

Risk-Adjusted Indicators

There is a big difference between Caterpillar Stock performing well and Caterpillar 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 Caterpillar'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
PVAL	0.49	0.04	0.05	0.11	0.52	(0.52)	1.17	(1.12)	3.04
AA	2.66	0.53	0.18	1.20	2.51	(3.13)	6.55	(4.82)	18.14
PG	0.81	(0.23)	0.00	(1.18)	0.00	0.00	1.45	(1.88)	4.70
MCD	0.79	(0.04)	(0.06)	(0.01)	1.05	(0.78)	1.82	(1.64)	4.64
OGE	0.77	(0.05)	0.00	(0.22)	0.00	0.00	1.43	(1.72)	3.78
ELPC	1.59	0.23	0.07	0.45	2.35	(1.65)	3.05	(3.94)	13.30
CSCO	1.00	0.25	0.15	0.72	1.03	(1.07)	1.94	(1.78)	8.39
WFC	1.05	0.12	0.09	0.16	1.24	(1.10)	2.31	(2.09)	9.99
PFE	1.21	0.01	0.01	0.07	1.39	(1.29)	2.62	(2.25)	10.28

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