Crane Correlations

CR Stock

USD 159.67 5.30 3.21%

The current 90-days correlation between Crane Company and Donaldson is 0.1 (i.e., Average diversification). The correlation of Crane 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.

Crane Correlation With Market

Weak diversification

The correlation between Crane Company and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crane Company and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Crane Stock

0.89	HI	Hillenbrand	Pair Corr
0.83	IR	Ingersoll Rand	Pair Corr
0.95	PH	Parker Hannifin	Pair Corr
0.83	ENOV	Enovis Corp	Pair Corr
0.87	EPAC	Enerpac Tool Group Earnings Call Today	Pair Corr
0.76	FELE	Franklin Electric	Pair Corr
0.94	AME	Ametek Inc	Pair Corr
0.89	CMI	Cummins	Pair Corr
0.64	DCI	Donaldson	Pair Corr
0.93	DOV	Dover	Pair Corr
0.93	EMR	Emerson Electric	Pair Corr
0.9	ETN	Eaton PLC	Pair Corr
0.88	FLS	Flowserve	Pair Corr
0.88	GGG	Graco Inc	Pair Corr
0.89	GHM	Graham	Pair Corr
0.94	GRC	Gorman Rupp	Pair Corr
0.93	IEX	IDEX	Pair Corr
0.82	ITT	ITT Inc	Pair Corr
0.92	ITW	Illinois Tool Works	Pair Corr
0.75	JBT	John Bean Technologies	Pair Corr
0.96	KAI	Kadant Inc	Pair Corr
0.74	MIR	Mirion Technologies	Pair Corr
0.93	MWA	Mueller Water Products	Pair Corr
0.88	XMTR	Xometry	Pair Corr
0.79	NNE	Nano Nuclear Energy	Pair Corr
0.78	NPO	Enpro Industries	Pair Corr
0.88	PNR	Pentair PLC	Pair Corr
0.82	ROK	Rockwell Automation	Pair Corr
0.85	SMR	Nuscale Power Corp Sell-off Trend	Pair Corr

Moving against Crane Stock

0.88	CYD	China Yuchai Interna	Pair Corr
0.65	AOS	Smith AO	Pair Corr
0.56	MKDWW	MKDWELL Tech Warrants	Pair Corr
0.34	RR	Richtech Robotics Class Buyout Trend	Pair Corr
0.51	TNC	Tennant Company	Pair Corr

Related Correlations Analysis

	CIR	SXI	DCI	CSWI	FELE	IEX	GGG	ITT	EPAC	GRC
CIR		0.9	0.45	0.71	0.45	0.87	0.65	0.61	0.87	0.81	CIR
SXI	0.9		0.56	0.84	0.74	0.95	0.85	0.79	0.92	0.95	SXI
DCI	0.45	0.56		0.71	0.56	0.61	0.48	0.55	0.64	0.56	DCI
CSWI	0.71	0.84	0.71		0.86	0.84	0.84	0.9	0.86	0.89	CSWI
FELE	0.45	0.74	0.56	0.86		0.73	0.89	0.89	0.67	0.83	FELE
IEX	0.87	0.95	0.61	0.84	0.73		0.86	0.79	0.87	0.92	IEX
GGG	0.65	0.85	0.48	0.84	0.89	0.86		0.89	0.69	0.92	GGG
ITT	0.61	0.79	0.55	0.9	0.89	0.79	0.89		0.71	0.86	ITT
EPAC	0.87	0.92	0.64	0.86	0.67	0.87	0.69	0.71		0.86	EPAC
GRC	0.81	0.95	0.56	0.89	0.83	0.92	0.92	0.86	0.86		GRC
	CIR	SXI	DCI	CSWI	FELE	IEX	GGG	ITT	EPAC	GRC

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Risk-Adjusted Indicators

There is a big difference between Crane Stock performing well and Crane 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 Crane'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
CIR	2.74	1.26	0.74	(1.53)	0.48	(3.80)	7.45	(2.85)	51.68
SXI	1.35	0.14	0.13	0.15	1.24	(1.53)	2.94	(2.20)	13.50
DCI	0.78	(0.04)	(0.03)	0.03	1.36	(0.82)	1.89	(1.27)	8.99
CSWI	1.34	0.11	0.10	0.14	1.37	(1.57)	2.95	(1.95)	10.72
FELE	1.13	0.00	0.04	0.07	1.31	(1.33)	2.27	(1.54)	11.41
IEX	1.05	0.10	0.11	0.16	0.81	(1.38)	2.38	(1.62)	9.79
GGG	0.90	0.00	0.00	0.07	0.89	(1.01)	1.65	(1.47)	7.51
ITT	1.09	0.06	0.09	0.12	1.00	(1.27)	2.61	(1.66)	9.06
EPAC	1.22	0.27	0.17	0.68	1.09	(1.45)	2.84	(1.93)	12.71
GRC	1.21	0.00	0.04	0.07	1.33	(1.39)	2.38	(1.93)	11.59

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