PACCAR Correlations

PCAR Stock

USD 101.43 0.32 0.32%

The current 90-days correlation between PACCAR Inc and CH Robinson Worldwide is 0.7 (i.e., Poor diversification). The correlation of PACCAR 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.

PACCAR Correlation With Market

Poor diversification

The correlation between PACCAR Inc and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PACCAR Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PACCAR Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PACCAR Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with PACCAR Stock

0.66	DE	Deere Company	Pair Corr
0.86	HY	Hyster Yale Materials	Pair Corr
0.75	ALG	Alamo Group Earnings Call This Week	Pair Corr
0.79	CAT	Caterpillar	Pair Corr
0.84	CNH	CNH Industrial NV Earnings Call Next Week	Pair Corr
0.66	LNN	Lindsay	Pair Corr
0.81	MTW	Manitowoc	Pair Corr
0.66	TWI	Titan International Earnings Call This Week	Pair Corr
0.69	GENC	Gencor Industries	Pair Corr
0.69	REVG	Rev Group	Pair Corr
0.82	AGCO	AGCO Earnings Call This Week	Pair Corr
0.69	ASTE	Astec Industries	Pair Corr
0.79	J	Jacobs Solutions	Pair Corr
0.85	R	Ryder System Earnings Call This Week	Pair Corr
0.66	DIST	Distoken Acquisition	Pair Corr
0.71	AL	Air Lease	Pair Corr
0.63	AZ	A2Z Smart Technologies	Pair Corr
0.78	BA	Boeing Earnings Call This Week	Pair Corr
0.73	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.62	BV	BrightView Holdings	Pair Corr
0.64	BW	Babcock Wilcox Enter	Pair Corr
0.75	BZ	Kanzhun Ltd ADR	Pair Corr
0.71	CR	Crane Company Earnings Call This Week	Pair Corr
0.65	CW	Curtiss Wright	Pair Corr
0.65	DY	Dycom Industries	Pair Corr
0.61	FA	First Advantage Corp	Pair Corr
0.74	GD	General Dynamics	Pair Corr

Moving against PACCAR Stock

0.34	UGRO	Urban Gro	Pair Corr
0.51	NL	NL Industries	Pair Corr
0.47	PC	Premium Catering	Pair Corr
0.42	MG	Mistras Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AGCO	CHRW	CNH	CTAS	EXPD	FAST	MTW	OSK	PH	TEX
AGCO		0.86	0.97	0.59	0.87	0.63	0.92	0.4	0.95	0.52	AGCO
CHRW	0.86		0.84	0.56	0.85	0.7	0.87	0.56	0.87	0.71	CHRW
CNH	0.97	0.84		0.57	0.92	0.52	0.89	0.34	0.91	0.49	CNH
CTAS	0.59	0.56	0.57		0.52	0.29	0.58	0.05	0.6	0.21	CTAS
EXPD	0.87	0.85	0.92	0.52		0.53	0.84	0.42	0.83	0.53	EXPD
FAST	0.63	0.7	0.52	0.29	0.53		0.71	0.67	0.75	0.57	FAST
MTW	0.92	0.87	0.89	0.58	0.84	0.71		0.57	0.95	0.63	MTW
OSK	0.4	0.56	0.34	0.05	0.42	0.67	0.57		0.49	0.9	OSK
PH	0.95	0.87	0.91	0.6	0.83	0.75	0.95	0.49		0.54	PH
TEX	0.52	0.71	0.49	0.21	0.53	0.57	0.63	0.9	0.54		TEX
	AGCO	CHRW	CNH	CTAS	EXPD	FAST	MTW	OSK	PH	TEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between PACCAR Stock performing well and PACCAR 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 PACCAR'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
AGCO	1.59	0.19	0.17	0.37	1.25	(1.89)	4.14	(2.28)	14.35
CHRW	1.17	(0.05)	0.00	0.19	1.05	(1.37)	2.46	(1.77)	10.74
CNH	1.45	0.02	0.06	0.25	1.18	(1.81)	3.34	(2.17)	11.04
CTAS	0.79	(0.01)	(0.07)	0.22	0.88	(0.89)	1.72	(1.34)	6.57
EXPD	1.25	(0.16)	(0.04)	0.12	1.35	(1.48)	2.90	(2.16)	9.33
FAST	0.96	0.08	0.04	0.32	1.02	(1.08)	2.30	(1.53)	7.13
MTW	2.24	0.97	0.31	(2.23)	1.56	(2.80)	4.70	(2.64)	21.44
OSK	1.48	0.34	0.25	0.53	0.98	(1.94)	4.07	(1.54)	10.07
PH	0.99	0.16	0.21	0.36	0.37	(1.14)	2.76	(1.57)	6.22
TEX	2.25	0.10	0.19	0.28	1.75	(2.85)	4.62	(2.69)	14.95

PACCAR Corporate Executives

Elected by the shareholders, the PACCAR's board of directors comprises two types of representatives: PACCAR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PACCAR. The board's role is to monitor PACCAR's management team and ensure that shareholders' interests are well served. PACCAR's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PACCAR's outside directors are responsible for providing unbiased perspectives on the board's policies.

John Rich

SVP CTO

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC