Preformed Line Correlations

PLPC Stock

USD 145.16 3.56 2.39%

The current 90-days correlation between Preformed Line Products and Powell Industries is 0.3 (i.e., Weak diversification). The correlation of Preformed Line 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.

Preformed Line Correlation With Market

Weak diversification

The correlation between Preformed Line Products and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Preformed Line Products and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Preformed Stock

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

Moving together with Preformed Stock

0.83	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.64	KE	Kimball Electronics	Pair Corr
0.7	ELVA	Electrovaya Common Shares Potential Growth	Pair Corr
0.71	ENVX	Enovix Corp Earnings Call This Week	Pair Corr
0.65	FCEL	FuelCell Energy	Pair Corr
0.84	AYI	Acuity Brands	Pair Corr
0.83	ESP	Espey Mfg Electronics	Pair Corr
0.78	NVT	nVent Electric PLC	Pair Corr
0.8	VRT	Vertiv Holdings	Pair Corr
0.75	HUBB	Hubbell Earnings Call This Week	Pair Corr
0.78	PLUG	Plug Power Aggressive Push	Pair Corr

Moving against Preformed Stock

0.61	ELPW	Elong Power Holding	Pair Corr
0.59	GWH	ESS Tech Buyout Trend	Pair Corr
0.57	ENR	Energizer Holdings	Pair Corr
0.57	GTI	Graphjet Technology	Pair Corr
0.41	EOSE	Eos Energy Enterprises	Pair Corr
0.66	LNKS	Linkers Industries	Pair Corr
0.64	GAUZ	Gauzy Ordinary	Pair Corr
0.58	ADSEW	ADS TEC ENERGY	Pair Corr
0.34	NVX	Novonix Ltd ADR	Pair Corr
0.71	OESX	Orion Energy Systems	Pair Corr
0.64	SKYX	SKYX Platforms Corp	Pair Corr
0.31	POLA	Polar Power	Pair Corr

Related Correlations Analysis

	POWL	KE	HAYW	NVT	PKOH	USLM	PFIS	OFLX
POWL		0.11	0.51	0.67	-0.26	0.24	0.63	0.32	POWL
KE	0.11		0.34	0.57	-0.32	0.23	0.53	0.76	KE
HAYW	0.51	0.34		0.66	-0.05	0.7	0.78	0.45	HAYW
NVT	0.67	0.57	0.66		-0.61	0.6	0.91	0.58	NVT
PKOH	-0.26	-0.32	-0.05	-0.61		-0.28	-0.4	-0.1	PKOH
USLM	0.24	0.23	0.7	0.6	-0.28		0.7	0.29	USLM
PFIS	0.63	0.53	0.78	0.91	-0.4	0.7		0.65	PFIS
OFLX	0.32	0.76	0.45	0.58	-0.1	0.29	0.65		OFLX
	POWL	KE	HAYW	NVT	PKOH	USLM	PFIS	OFLX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PFIS	+ 0.91	NVT
PFIS	+ 0.78	HAYW
OFLX	+ 0.76	KE
USLM	+ 0.7	HAYW
PFIS	+ 0.7	USLM
NVT	+ 0.67	POWL

High negative correlations

PKOH	- 0.61	NVT
PFIS	- 0.4	PKOH
PKOH	- 0.32	KE
USLM	- 0.28	PKOH
PKOH	- 0.26	POWL
OFLX	- 0.1	PKOH

Risk-Adjusted Indicators

There is a big difference between Preformed Stock performing well and Preformed Line 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 Preformed Line'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
POWL	2.50	0.18	0.09	0.29	2.59	(2.90)	5.54	(4.19)	14.81
KE	1.71	0.44	0.30	0.53	0.99	(2.09)	3.48	(2.58)	28.41
HAYW	1.37	0.11	0.05	0.29	1.26	(1.59)	3.23	(2.04)	8.95
NVT	1.43	0.40	0.35	0.51	0.74	(1.84)	3.69	(1.77)	11.41
PKOH	1.69	(0.32)	0.00	(0.15)	0.00	0.00	2.86	(4.22)	11.49
USLM	1.46	0.19	0.07	0.48	1.38	(1.56)	3.38	(2.51)	8.52
PFIS	1.41	0.14	0.09	0.30	1.30	(1.64)	3.53	(2.16)	7.34
OFLX	2.28	(0.07)	0.04	0.13	2.13	(2.78)	7.01	(4.19)	14.80

Preformed Line Corporate Management

Dennis McKenna	Executive VP of Global Bus. Devel.	Profile
Tie Koh	Vice Region	Profile
Caroline Vaccariello	General Counsel, Corporate Secretary	Profile
William III	Vice Region	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