Oshkosh Correlations

OSK Stock  USD 127.82  1.78  1.41%   
The current 90-days correlation between Oshkosh and Terex is 0.75 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oshkosh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oshkosh moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oshkosh Correlation With Market

Good diversification

The correlation between Oshkosh and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oshkosh and DJI in the same portfolio, assuming nothing else is changed.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oshkosh. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy Oshkosh Stock please use our How to buy in Oshkosh Stock guide.

Moving together with Oshkosh Stock

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Moving against Oshkosh Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

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