Ingersoll Rand Correlations

IR Stock

USD 104.00 0.96 0.93%

The correlation of Ingersoll Rand 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ingersoll Rand Correlation With Market

Poor diversification

The correlation between Ingersoll Rand and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ingersoll Rand 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 Ingersoll Rand. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Ingersoll Stock, please use our How to Invest in Ingersoll Rand guide.

Moving together with Ingersoll Stock

0.78	B	Barnes Group	Pair Corr
0.74	BW	Babcock Wilcox Enter	Pair Corr
0.79	CR	Crane Company	Pair Corr
0.7	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.91	PH	Parker Hannifin	Pair Corr
0.81	EPAC	Enerpac Tool Group	Pair Corr
0.81	FELE	Franklin Electric	Pair Corr
0.68	AME	Ametek Inc	Pair Corr
0.73	ATS	ATS Corporation	Pair Corr
0.9	CMI	Cummins	Pair Corr
0.81	DCI	Donaldson Earnings Call This Week	Pair Corr
0.9	DOV	Dover	Pair Corr
0.84	EMR	Emerson Electric	Pair Corr
0.95	ETN	Eaton PLC	Pair Corr
0.9	FLS	Flowserve	Pair Corr
0.87	GGG	Graco Inc	Pair Corr
0.62	GHM	Graham	Pair Corr
0.78	GRC	Gorman Rupp	Pair Corr
0.83	IEX	IDEX	Pair Corr
0.97	ITT	ITT Inc	Pair Corr
0.9	ITW	Illinois Tool Works	Pair Corr
0.72	JBT	John Bean Technologies	Pair Corr
0.75	KAI	Kadant Inc	Pair Corr
0.75	MIR	Mirion Technologies	Pair Corr
0.88	MWA	Mueller Water Products Fiscal Year End 11th of December 2024	Pair Corr
0.61	XMTR	Xometry	Pair Corr
0.84	NNE	Nano Nuclear Energy Trending	Pair Corr
0.65	NPO	Enpro Industries	Pair Corr
0.91	PNR	Pentair PLC	Pair Corr
0.78	ROK	Rockwell Automation	Pair Corr
0.84	RRX	Regal Beloit	Pair Corr

Moving against Ingersoll Stock

0.79	RR	Richtech Robotics Class	Pair Corr
0.7	CVV	CVD Equipment	Pair Corr
0.49	IVAC	Intevac	Pair Corr
0.33	TNC	Tennant Company	Pair Corr

Related Correlations Analysis

	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX	70082LAB3
AQUI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.0		0.36	0.69	0.05	-0.13	0.81	-0.05	0.83	0.16	MSTSX
ABHYX	0.0	0.36		0.6	-0.02	-0.21	0.44	0.02	0.43	-0.51	ABHYX
LBHIX	0.0	0.69	0.6		-0.24	0.16	0.72	0.24	0.7	0.09	LBHIX
SCAXF	0.0	0.05	-0.02	-0.24		-0.78	-0.02	-1.0	0.01	-0.32	SCAXF
VIASP	0.0	-0.13	-0.21	0.16	-0.78		-0.04	0.78	-0.08	0.5	VIASP
RRTLX	0.0	0.81	0.44	0.72	-0.02	-0.04		0.02	0.99	0.01	RRTLX
OSHDF	0.0	-0.05	0.02	0.24	-1.0	0.78	0.02		-0.01	0.32	OSHDF
JRBEX	0.0	0.83	0.43	0.7	0.01	-0.08	0.99	-0.01		0.02	JRBEX
70082LAB3	0.0	0.16	-0.51	0.09	-0.32	0.5	0.01	0.32	0.02		70082LAB3
	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX	70082LAB3

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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

JRBEX	+ 0.99	RRTLX
JRBEX	+ 0.83	MSTSX
RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.78	VIASP
RRTLX	+ 0.72	LBHIX
JRBEX	+ 0.7	LBHIX

High negative correlations

OSHDF	- 1.0	SCAXF
VIASP	- 0.78	SCAXF
70082LAB3	- 0.51	ABHYX
70082LAB3	- 0.32	SCAXF
SCAXF	- 0.24	LBHIX
VIASP	- 0.21	ABHYX

Risk-Adjusted Indicators

There is a big difference between Ingersoll Stock performing well and Ingersoll Rand 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 Ingersoll Rand'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
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.50	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.25)	0.05	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.02	(0.41)	2.96	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.41)	0.00	(0.99)	0.00	0.00	0.00	0.00	23.47
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	0.00	(0.33)	0.37	0.26	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.65	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
JRBEX	0.36	0.01	(0.24)	(2.97)	0.42	(0.40)	0.79	(0.86)	2.14
70082LAB3	0.99	0.03	(0.04)	1.55	2.18	(1.09)	1.75	(1.69)	24.27

Ingersoll Rand Corporate Management

Matthew Fort	Global Relations	Profile
Matthew Emmerich	Senior Officer	Profile
Peter Stavros	Independent Chairman of the Board	Profile
Kathryn Freytag	VP Officer	Profile
Kate Keene	Senior Vice President of Human Resources, Talent, Diversity, Equity and Inclusion	Profile

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