Graham Correlations

GHM Stock  USD 54.09  0.38  0.70%   
The current 90-days correlation between Graham and China Yuchai International is 0.32 (i.e., Weak 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 0.49 (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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  0.86IR Ingersoll Rand Earnings Call This WeekPairCorr
  0.88PH Parker HannifinPairCorr
  0.64FELE Franklin ElectricPairCorr
  0.75AME Ametek Inc Earnings Call This WeekPairCorr
  0.88ATS ATS CorporationPairCorr
  0.81CMI Cummins Earnings Call This WeekPairCorr
  0.87CXT Crane NXTPairCorr
  0.79DCI DonaldsonPairCorr
  0.81DOV DoverPairCorr
  0.98EMR Emerson Electric Sell-off TrendPairCorr
  0.93ETN Eaton PLCPairCorr
  0.73FLS Flowserve Earnings Call This WeekPairCorr
  0.94GEV GE Vernova LLCPairCorr
  0.8GGG Graco IncPairCorr
  0.91ITT ITT Inc Earnings Call This WeekPairCorr
  0.8ITW Illinois Tool Works Earnings Call This WeekPairCorr
  0.68KAI Kadant IncPairCorr
  0.95MIR Mirion Technologies Earnings Call This WeekPairCorr
  0.68XMTR XometryPairCorr
  0.9NNE Nano Nuclear Energy Buyout TrendPairCorr
  0.91NPO Enpro IndustriesPairCorr
  0.89PNR Pentair PLCPairCorr
  0.93ROK Rockwell AutomationPairCorr
  0.86RRX Regal Beloit Earnings Call This WeekPairCorr
  0.93SMR Nuscale Power Corp Buyout TrendPairCorr

Moving against Graham Stock

  0.68CSW CSW Industrials, Symbol ChangePairCorr
  0.49ENOV Enovis CorpPairCorr
  0.35RR Richtech Robotics Class Aggressive PushPairCorr
  0.34EPAC Enerpac Tool GroupPairCorr
  0.48MWA 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
FSTRCYD
HURCCYD
CYDAZZ
LXFRGENC
LXFRGRC
  
High negative correlations   
FSTREPAC
HURCEPAC
EPACAZZ
EPACCYD
OFLXEPAC
GENCEPAC

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.