GrafTech International Correlations

EAF Stock

USD 16.34 0.67 3.94%

The current 90-days correlation between GrafTech International and Plug Power is 0.38 (i.e., Weak diversification). The correlation of GrafTech International 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.

GrafTech International Correlation With Market

Weak diversification

The correlation between GrafTech International and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GrafTech International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GrafTech Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in GrafTech International. 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 detail on how to invest in GrafTech Stock please use our How to Invest in GrafTech International guide.

Moving together with GrafTech Stock

0.7

TORO

Toro

Pair Corr

Moving against GrafTech Stock

0.36	ESP	Espey Mfg Electronics	Pair Corr
0.61	LPAAW	Launch One Acquisition	Pair Corr
0.4	TRVN	Trevena	Pair Corr
0.37	ENRT	Enertopia Corporatio	Pair Corr
0.35	HAVLF	HAVN Life Sciences	Pair Corr

Related Correlations Analysis

	PLUG	HAYW	EOSE	FLY	KFY	AMPX	SEB	MYRG	BRC	SPR
PLUG		-0.2	0.49	0.0	0.21	0.76	-0.67	0.04	-0.6	0.27	PLUG
HAYW	-0.2		0.37	-0.52	-0.49	0.14	0.33	0.56	0.11	-0.25	HAYW
EOSE	0.49	0.37		-0.69	-0.52	0.73	-0.1	0.78	-0.49	-0.34	EOSE
FLY	0.0	-0.52	-0.69		0.85	-0.25	-0.42	-0.85	0.26	0.72	FLY
KFY	0.21	-0.49	-0.52	0.85		-0.16	-0.42	-0.76	0.34	0.72	KFY
AMPX	0.76	0.14	0.73	-0.25	-0.16		-0.47	0.42	-0.49	-0.01	AMPX
SEB	-0.67	0.33	-0.1	-0.42	-0.42	-0.47		0.27	0.43	-0.58	SEB
MYRG	0.04	0.56	0.78	-0.85	-0.76	0.42	0.27		-0.3	-0.6	MYRG
BRC	-0.6	0.11	-0.49	0.26	0.34	-0.49	0.43	-0.3		0.14	BRC
SPR	0.27	-0.25	-0.34	0.72	0.72	-0.01	-0.58	-0.6	0.14		SPR
	PLUG	HAYW	EOSE	FLY	KFY	AMPX	SEB	MYRG	BRC	SPR

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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

KFY	+ 0.85	FLY
MYRG	+ 0.78	EOSE
AMPX	+ 0.76	PLUG
AMPX	+ 0.73	EOSE
SPR	+ 0.72	FLY
SPR	+ 0.72	KFY

High negative correlations

MYRG	- 0.85	FLY
MYRG	- 0.76	KFY
FLY	- 0.69	EOSE
SEB	- 0.67	PLUG
SPR	- 0.6	MYRG
BRC	- 0.6	PLUG

Risk-Adjusted Indicators

There is a big difference between GrafTech Stock performing well and GrafTech International 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 GrafTech International'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
PLUG	5.60	0.64	0.15	0.21	5.12	(6.87)	19.05	(9.52)	45.84
HAYW	1.34	(0.08)	(0.04)	0.01	1.46	(1.65)	2.80	(2.82)	14.48
EOSE	5.94	1.08	0.21	0.34	5.57	(7.23)	13.57	(9.73)	38.85
FLY	4.68	(0.98)	0.00	(0.30)	0.00	0.00	9.46	(14.09)	32.11
KFY	1.11	(0.17)	0.00	(0.09)	0.00	0.00	2.44	(2.23)	7.86
AMPX	5.43	0.39	0.10	0.17	5.65	(6.44)	13.68	(9.76)	28.30
SEB	1.66	0.18	0.05	1.09	2.28	(1.67)	3.16	(3.19)	10.41
MYRG	2.27	0.23	0.10	0.21	2.49	(2.46)	5.02	(4.84)	11.62
BRC	1.06	(0.03)	(0.04)	0.02	1.25	(1.16)	1.90	(2.19)	5.11
SPR	1.19	(0.09)	0.00	(0.15)	0.00	0.00	2.29	(3.30)	7.96

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