Graham Correlations

GHM Stock  USD 51.86  0.51  0.99%   
The current 90-days correlation between Graham and China Yuchai International is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Graham moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Graham moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Graham Correlation With Market

Very weak diversification

The correlation between Graham and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graham and DJI in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graham. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
To learn how to invest in Graham Stock, please use our How to Invest in Graham guide.

Moving together with Graham Stock

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  0.88PH Parker HannifinPairCorr
  0.77AME Ametek IncPairCorr
  0.89ATS ATS CorporationPairCorr
  0.82CMI CumminsPairCorr
  0.87CXT Crane NXTPairCorr
  0.94CYD China Yuchai InternaPairCorr
  0.8DCI DonaldsonPairCorr
  0.82DOV Dover Earnings Call This WeekPairCorr
  0.97EMR Emerson ElectricPairCorr
  0.93ETN Eaton PLCPairCorr
  0.74FLS Flowserve Earnings Call This WeekPairCorr
  0.83GGG Graco Inc Earnings Call TodayPairCorr
  0.9ITT ITT IncPairCorr
  0.8ITW Illinois Tool WorksPairCorr
  0.63KAI Kadant IncPairCorr
  0.95MIR Mirion TechnologiesPairCorr
  0.75XMTR XometryPairCorr
  0.91NNE Nano Nuclear EnergyPairCorr
  0.91NPO Enpro IndustriesPairCorr
  0.88PNR Pentair PLCPairCorr
  0.92ROK Rockwell Automation Earnings Call TomorrowPairCorr
  0.87RRX Regal Beloit Earnings Call This WeekPairCorr
  0.93SMR Nuscale Power Corp Aggressive PushPairCorr

Moving against Graham Stock

  0.57CSW CSW Industrials, Symbol ChangePairCorr
  0.36ENOV Enovis CorpPairCorr
  0.47MWA Mueller Water ProductsPairCorr

Related Correlations Analysis

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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   
HURCFSTR
LXFRGRC
LXFRGENC
FSTRCYD
CYDAZZ
HURCCYD
  
High negative correlations   
FSTREPAC
HURCEPAC
EPACCYD
EPACAZZ
OFLXEPAC

Risk-Adjusted Indicators

There is a big difference between Graham Stock performing well and Graham 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 Graham'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.