Oshkosh Correlations

Oshkosh Correlation With Market

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 manufacturing. For more information on how to buy Oshkosh Stock please use our How to buy in Oshkosh Stock guide.

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 PCAR + 0.74 TEX THO + 0.54 WNC THO + 0.53 TEX THO + 0.52 PCAR ALG + 0.49 MTW PCAR + 0.42 WNC

High negative correlations THO - 0.86 MTW ALG - 0.46 TEX THO - 0.43 ALG TEX - 0.36 MTW PCAR - 0.35 MTW WNC - 0.3 MTW

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.