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.
Moving together with Graham Stock
0.87 | BW | Babcock Wilcox Enter | PairCorr |
0.91 | CR | Crane Company Earnings Call This Week | PairCorr |
0.87 | IR | Ingersoll Rand Earnings Call This Week | PairCorr |
0.88 | PH | Parker Hannifin | PairCorr |
0.77 | AME | Ametek Inc | PairCorr |
0.89 | ATS | ATS Corporation | PairCorr |
0.82 | CMI | Cummins | PairCorr |
0.87 | CXT | Crane NXT | PairCorr |
0.94 | CYD | China Yuchai Interna | PairCorr |
0.8 | DCI | Donaldson | PairCorr |
0.82 | DOV | Dover Earnings Call This Week | PairCorr |
0.97 | EMR | Emerson Electric | PairCorr |
0.93 | ETN | Eaton PLC | PairCorr |
0.74 | FLS | Flowserve Earnings Call This Week | PairCorr |
0.83 | GGG | Graco Inc Earnings Call Today | PairCorr |
0.9 | ITT | ITT Inc | PairCorr |
0.8 | ITW | Illinois Tool Works | PairCorr |
0.63 | KAI | Kadant Inc | PairCorr |
0.95 | MIR | Mirion Technologies | PairCorr |
0.75 | XMTR | Xometry | PairCorr |
0.91 | NNE | Nano Nuclear Energy | PairCorr |
0.91 | NPO | Enpro Industries | PairCorr |
0.88 | PNR | Pentair PLC | PairCorr |
0.92 | ROK | Rockwell Automation Earnings Call Tomorrow | PairCorr |
0.87 | RRX | Regal Beloit Earnings Call This Week | PairCorr |
0.93 | SMR | Nuscale Power Corp Aggressive Push | PairCorr |
Moving against Graham Stock
0.57 | CSW | CSW Industrials, Symbol Change | PairCorr |
0.36 | ENOV | Enovis Corp | PairCorr |
0.47 | MWA | Mueller Water Products | PairCorr |
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
| High negative correlations
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
AZZ | 1.40 | 0.31 | 0.23 | 0.38 | 1.04 | 3.49 | 6.93 | |||
CYD | 2.67 | 0.81 | 0.15 | (2.08) | 3.32 | 7.61 | 18.42 | |||
EPAC | 1.36 | (0.25) | 0.00 | (0.09) | 0.00 | 3.08 | 10.80 | |||
FSTR | 1.70 | 0.02 | 0.03 | 0.15 | 2.06 | 3.81 | 11.27 | |||
GENC | 2.40 | 0.20 | 0.08 | 0.30 | 2.87 | 4.75 | 19.77 | |||
GRC | 1.18 | (0.01) | 0.02 | 0.13 | 1.19 | 2.94 | 9.05 | |||
HURC | 2.29 | 0.40 | 0.12 | 1.00 | 2.37 | 5.50 | 13.02 | |||
LXFR | 1.70 | 0.07 | 0.06 | 0.19 | 1.60 | 3.99 | 10.90 | |||
OFLX | 2.22 | (0.08) | 0.02 | 0.09 | 2.19 | 7.01 | 14.80 |