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.

Build AI portfolio with Graham Stock

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

0.85	BW	Babcock Wilcox Enter	Pair Corr
0.91	CR	Crane Company Earnings Call This Week	Pair Corr
0.86	IR	Ingersoll Rand Earnings Call This Week	Pair Corr
0.88	PH	Parker Hannifin	Pair Corr
0.64	FELE	Franklin Electric	Pair Corr
0.75	AME	Ametek Inc Earnings Call This Week	Pair Corr
0.88	ATS	ATS Corporation	Pair Corr
0.81	CMI	Cummins Earnings Call This Week	Pair Corr
0.87	CXT	Crane NXT	Pair Corr
0.79	DCI	Donaldson	Pair Corr
0.81	DOV	Dover	Pair Corr
0.98	EMR	Emerson Electric Sell-off Trend	Pair Corr
0.93	ETN	Eaton PLC	Pair Corr
0.73	FLS	Flowserve Earnings Call This Week	Pair Corr
0.94	GEV	GE Vernova LLC	Pair Corr
0.8	GGG	Graco Inc	Pair Corr
0.91	ITT	ITT Inc Earnings Call This Week	Pair Corr
0.8	ITW	Illinois Tool Works Earnings Call This Week	Pair Corr
0.68	KAI	Kadant Inc	Pair Corr
0.95	MIR	Mirion Technologies Earnings Call This Week	Pair Corr
0.68	XMTR	Xometry	Pair Corr
0.9	NNE	Nano Nuclear Energy Buyout Trend	Pair Corr
0.91	NPO	Enpro Industries	Pair Corr
0.89	PNR	Pentair PLC	Pair Corr
0.93	ROK	Rockwell Automation	Pair Corr
0.86	RRX	Regal Beloit Earnings Call This Week	Pair Corr
0.93	SMR	Nuscale Power Corp Buyout Trend	Pair Corr

Moving against Graham Stock

0.68	CSW	CSW Industrials, Symbol Change	Pair Corr
0.49	ENOV	Enovis Corp	Pair Corr
0.35	RR	Richtech Robotics Class Aggressive Push	Pair Corr
0.34	EPAC	Enerpac Tool Group	Pair Corr
0.48	MWA	Mueller Water Products	Pair Corr

Related Correlations Analysis

	AZZ	CYD	EPAC	FSTR	GENC	GRC	HURC	LXFR	OFLX
AZZ		0.8	-0.49	0.77	0.61	0.6	0.76	0.7	0.65	AZZ
CYD	0.8		-0.45	0.84	0.77	0.42	0.82	0.74	0.72	CYD
EPAC	-0.49	-0.45		-0.72	-0.02	0.2	-0.67	0.07	-0.15	EPAC
FSTR	0.77	0.84	-0.72		0.54	0.33	0.94	0.5	0.67	FSTR
GENC	0.61	0.77	-0.02	0.54		0.62	0.5	0.8	0.71	GENC
GRC	0.6	0.42	0.2	0.33	0.62		0.38	0.78	0.69	GRC
HURC	0.76	0.82	-0.67	0.94	0.5	0.38		0.51	0.67	HURC
LXFR	0.7	0.74	0.07	0.5	0.8	0.78	0.51		0.75	LXFR
OFLX	0.65	0.72	-0.15	0.67	0.71	0.69	0.67	0.75		OFLX
	AZZ	CYD	EPAC	FSTR	GENC	GRC	HURC	LXFR	OFLX

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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

HURC	+ 0.94	FSTR
FSTR	+ 0.84	CYD
HURC	+ 0.82	CYD
CYD	+ 0.8	AZZ
LXFR	+ 0.8	GENC
LXFR	+ 0.78	GRC

High negative correlations

FSTR	- 0.72	EPAC
HURC	- 0.67	EPAC
EPAC	- 0.49	AZZ
EPAC	- 0.45	CYD
OFLX	- 0.15	EPAC
GENC	- 0.02	EPAC

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	1.36	0.25	0.25	0.45	0.71	(1.68)	3.49	(1.86)	6.93
CYD	2.55	0.68	0.25	0.90	2.00	(2.87)	7.61	(4.57)	16.37
EPAC	1.34	0.06	0.00	0.07	0.00	0.00	3.08	(2.88)	10.80
FSTR	1.69	0.01	0.06	0.24	1.96	(1.86)	4.35	(3.05)	11.27
GENC	2.40	0.09	0.07	0.29	2.69	(2.70)	5.12	(5.36)	19.77
GRC	1.17	(0.08)	0.01	0.18	1.03	(1.30)	2.94	(2.20)	9.05
HURC	2.38	0.29	0.10	0.51	2.54	(2.62)	5.50	(4.46)	16.10
LXFR	1.70	0.38	0.06	(2.48)	1.53	(1.94)	3.99	(2.70)	10.90
OFLX	2.32	(0.24)	0.03	0.13	2.18	(2.76)	7.01	(4.19)	14.80

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