Donaldson Correlations

DCI Stock

USD 70.44 0.37 0.52%

The current 90-days correlation between Donaldson and Franklin Electric Co is 0.83 (i.e., Very poor diversification). The correlation of Donaldson 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.

Donaldson Correlation With Market

Very poor diversification

The correlation between Donaldson and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Donaldson and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Donaldson Stock

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

For more detail on how to invest in Donaldson Stock please use our How to Invest in Donaldson guide.

Moving together with Donaldson Stock

0.85	BW	Babcock Wilcox Enter	Pair Corr
0.93	CR	Crane Company	Pair Corr
0.97	IR	Ingersoll Rand	Pair Corr
0.97	PH	Parker Hannifin	Pair Corr
0.98	AME	Ametek Inc	Pair Corr
0.81	ATS	ATS Corporation	Pair Corr
0.96	CMI	Cummins	Pair Corr
0.96	CXT	Crane NXT	Pair Corr
0.71	CYD	China Yuchai Interna	Pair Corr
0.96	DOV	Dover Earnings Call This Week	Pair Corr
0.88	EMR	Emerson Electric Sell-off Trend	Pair Corr
0.91	ETN	Eaton PLC	Pair Corr
0.88	FLS	Flowserve Sell-off Trend	Pair Corr
0.97	GGG	Graco Inc Earnings Call This Week	Pair Corr
0.81	GHM	Graham	Pair Corr
0.88	GRC	Gorman Rupp Earnings Call This Week	Pair Corr
0.84	IEX	IDEX	Pair Corr
0.97	ITT	ITT Inc	Pair Corr
0.87	ITW	Illinois Tool Works	Pair Corr
0.69	KAI	Kadant Inc	Pair Corr
0.86	MIR	Mirion Technologies	Pair Corr
0.94	XMTR	Xometry	Pair Corr
0.75	NNE	Nano Nuclear Energy	Pair Corr
0.94	NPO	Enpro Industries	Pair Corr
0.96	PNR	Pentair PLC Earnings Call This Week	Pair Corr
0.93	ROK	Rockwell Automation Earnings Call This Week	Pair Corr
0.95	RRX	Regal Beloit	Pair Corr
0.75	SMR	Nuscale Power Corp Trending	Pair Corr

Moving against Donaldson Stock

0.35

MKDWW

MKDWELL Tech Warrants

Pair Corr

Related Correlations Analysis

	FELE	CR	IEX	GGG	ITT	NDSN	CSL	ATR	BRC
FELE		0.47	0.36	0.65	0.53	0.49	0.61	0.56	0.06	FELE
CR	0.47		0.7	0.93	0.97	0.92	0.54	0.78	0.09	CR
IEX	0.36	0.7		0.8	0.72	0.55	0.79	0.76	0.68	IEX
GGG	0.65	0.93	0.8		0.96	0.86	0.73	0.89	0.22	GGG
ITT	0.53	0.97	0.72	0.96		0.91	0.61	0.85	0.09	ITT
NDSN	0.49	0.92	0.55	0.86	0.91		0.39	0.68	-0.11	NDSN
CSL	0.61	0.54	0.79	0.73	0.61	0.39		0.77	0.56	CSL
ATR	0.56	0.78	0.76	0.89	0.85	0.68	0.77		0.27	ATR
BRC	0.06	0.09	0.68	0.22	0.09	-0.11	0.56	0.27		BRC
	FELE	CR	IEX	GGG	ITT	NDSN	CSL	ATR	BRC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ITT	+ 0.97	CR
ITT	+ 0.96	GGG
GGG	+ 0.93	CR
NDSN	+ 0.92	CR
NDSN	+ 0.91	ITT
ATR	+ 0.89	GGG

High negative correlations

BRC

- 0.11

NDSN

Risk-Adjusted Indicators

There is a big difference between Donaldson Stock performing well and Donaldson 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 Donaldson'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
FELE	1.27	(0.12)	(0.07)	0.03	1.32	(1.54)	3.03	(1.94)	7.07
CR	1.18	0.29	0.23	0.36	0.93	(1.40)	3.38	(2.23)	9.75
IEX	1.16	(0.04)	0.00	0.10	1.15	(1.51)	3.54	(2.13)	8.03
GGG	0.94	(0.02)	0.00	0.11	0.93	(1.14)	1.98	(1.68)	6.27
ITT	0.95	0.20	0.25	0.31	0.45	(1.23)	3.14	(1.39)	6.72
NDSN	1.23	0.09	0.10	0.21	0.95	(1.35)	2.85	(1.89)	8.71
CSL	1.28	0.07	0.07	0.19	1.28	(1.54)	3.13	(2.71)	9.88
ATR	0.87	0.01	(0.02)	0.14	1.07	(0.89)	2.30	(1.59)	6.25
BRC	1.01	(0.09)	(0.07)	0.03	1.56	(0.99)	2.50	(1.85)	9.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC