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.
Moving together with Oshkosh Stock
0.7 | DE | Deere Company | PairCorr |
0.61 | HY | Hyster Yale Materials | PairCorr |
0.93 | ALG | Alamo Group Earnings Call This Week | PairCorr |
0.96 | CAT | Caterpillar | PairCorr |
0.78 | CNH | CNH Industrial NV Aggressive Push | PairCorr |
0.66 | LNN | Lindsay | PairCorr |
0.93 | MTW | Manitowoc | PairCorr |
0.91 | TEX | Terex Earnings Call This Week | PairCorr |
0.9 | TWI | Titan International Earnings Call This Week | PairCorr |
0.64 | WNC | Wabash National | PairCorr |
0.84 | GENC | Gencor Industries | PairCorr |
0.65 | HYFM | Hydrofarm Holdings | PairCorr |
0.74 | PCAR | PACCAR Inc | PairCorr |
0.97 | REVG | Rev Group | PairCorr |
0.85 | AGCO | AGCO Earnings Call This Week | PairCorr |
0.82 | ARTW | Arts Way Manufacturing | PairCorr |
0.91 | SHYF | Shyft Group | PairCorr |
0.92 | J | Jacobs Solutions | PairCorr |
0.91 | R | Ryder System Earnings Call Today | PairCorr |
0.8 | DIST | Distoken Acquisition | PairCorr |
0.8 | AL | Air Lease | PairCorr |
0.74 | AP | Ampco Pittsburgh Downward Rally | PairCorr |
0.92 | AZ | A2Z Smart Technologies | PairCorr |
0.89 | BA | Boeing Earnings Call This Week | PairCorr |
0.95 | BE | Bloom Energy Corp Earnings Call This Week | PairCorr |
0.85 | BW | Babcock Wilcox Enter | PairCorr |
0.84 | BZ | Kanzhun Ltd ADR | PairCorr |
0.68 | CP | Canadian Pacific Railway Earnings Call This Week | PairCorr |
0.88 | CR | Crane Company Earnings Call This Week | PairCorr |
0.92 | CW | Curtiss Wright | PairCorr |
0.92 | DY | Dycom Industries | PairCorr |
0.88 | GD | General Dynamics | PairCorr |
Moving against Oshkosh Stock
0.7 | UGRO | Urban Gro | PairCorr |
0.86 | PC | Premium Catering | PairCorr |
0.83 | NL | NL Industries | PairCorr |
0.5 | MG | Mistras Group Earnings Call This Week | PairCorr |
0.31 | RR | Richtech Robotics Class Aggressive Push | PairCorr |
Related Correlations Analysis
0.95 | 0.52 | 0.85 | 0.98 | 0.94 | 0.95 | MTW | ||
0.95 | 0.45 | 0.78 | 0.94 | 0.97 | 0.94 | TEX | ||
0.52 | 0.45 | 0.47 | 0.56 | 0.35 | 0.62 | WNC | ||
0.85 | 0.78 | 0.47 | 0.77 | 0.79 | 0.77 | PCAR | ||
0.98 | 0.94 | 0.56 | 0.77 | 0.9 | 0.96 | ALG | ||
0.94 | 0.97 | 0.35 | 0.79 | 0.9 | 0.88 | AGCO | ||
0.95 | 0.94 | 0.62 | 0.77 | 0.96 | 0.88 | THO | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
MTW | 2.24 | 0.43 | 0.32 | 0.40 | 1.56 | 4.70 | 21.44 | |||
TEX | 2.24 | 0.74 | 0.20 | (1.12) | 1.80 | 5.42 | 14.95 | |||
WNC | 2.96 | 0.22 | 0.00 | (4.11) | 5.74 | 7.18 | 34.02 | |||
PCAR | 1.20 | (0.01) | 0.01 | 0.19 | 0.96 | 3.30 | 7.85 | |||
ALG | 1.17 | 0.20 | 0.17 | 0.39 | 0.78 | 2.90 | 9.25 | |||
AGCO | 1.56 | 0.47 | 0.17 | 4.78 | 1.28 | 4.14 | 14.35 | |||
THO | 1.56 | 0.56 | 0.19 | (2.27) | 1.24 | 3.98 | 8.90 |