SIFCO Industries Correlations

SIF Stock

USD 4.25 0.10 2.30%

The current 90-days correlation between SIFCO Industries and Park Electrochemical is -0.08 (i.e., Good diversification). The correlation of SIFCO Industries 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.

SIFCO Industries Correlation With Market

Significant diversification

The correlation between SIFCO Industries and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIFCO Industries and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SIFCO Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in SIFCO Stock please use our How to Invest in SIFCO Industries guide.

Moving together with SIFCO Stock

0.64	CW	Curtiss Wright	Pair Corr
0.63	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.63	ESLT	Elbit Systems	Pair Corr
0.77	CVU	CPI Aerostructures	Pair Corr
0.79	ERJ	Embraer SA ADR	Pair Corr
0.83	HEI	Heico Fiscal Year End 16th of December 2024	Pair Corr
0.68	NOC	Northrop Grumman Fiscal Year End 23rd of January 2025	Pair Corr
0.73	TDG	Transdigm Group Fiscal Year End 14th of November 2024	Pair Corr

Moving against SIFCO Stock

0.74	DPRO	Draganfly Trending	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.61	EVTL	Vertical Aerospace	Pair Corr
0.68	TGI	Triumph Group	Pair Corr
0.67	KWE	KWESST Micro Systems Fiscal Year End 15th of January 2025	Pair Corr
0.67	SPR	Spirit Aerosystems	Pair Corr
0.58	LILMW	Lilium Equity Warrants	Pair Corr
0.57	HXL	Hexcel Fiscal Year End 22nd of January 2025	Pair Corr
0.53	RGR	Sturm Ruger	Pair Corr
0.38	TXT	Textron Fiscal Year End 22nd of January 2025	Pair Corr
0.83	KITTW	Nauticus Robotics	Pair Corr
0.77	LLAP	Terran Orbital Corp	Pair Corr

Related Correlations Analysis

	DCO	PKE	KAMN	NPK	ATRO	AIRI	CVU	VSEC	TATT
DCO		0.07	0.45	0.22	0.02	0.48	0.64	0.17	0.53	DCO
PKE	0.07		-0.08	0.39	0.51	0.24	0.07	0.58	0.22	PKE
KAMN	0.45	-0.08		-0.15	-0.28	0.63	0.81	-0.36	0.76	KAMN
NPK	0.22	0.39	-0.15		0.66	-0.05	-0.12	0.49	-0.08	NPK
ATRO	0.02	0.51	-0.28	0.66		-0.22	-0.22	0.72	-0.13	ATRO
AIRI	0.48	0.24	0.63	-0.05	-0.22		0.71	-0.05	0.82	AIRI
CVU	0.64	0.07	0.81	-0.12	-0.22	0.71		-0.24	0.85	CVU
VSEC	0.17	0.58	-0.36	0.49	0.72	-0.05	-0.24		-0.1	VSEC
TATT	0.53	0.22	0.76	-0.08	-0.13	0.82	0.85	-0.1		TATT
	DCO	PKE	KAMN	NPK	ATRO	AIRI	CVU	VSEC	TATT

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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

TATT	+ 0.85	CVU
TATT	+ 0.82	AIRI
CVU	+ 0.81	KAMN
TATT	+ 0.76	KAMN
VSEC	+ 0.72	ATRO
CVU	+ 0.71	AIRI

High negative correlations

VSEC	- 0.36	KAMN
ATRO	- 0.28	KAMN
VSEC	- 0.24	CVU
CVU	- 0.22	ATRO
AIRI	- 0.22	ATRO
NPK	- 0.15	KAMN

Risk-Adjusted Indicators

There is a big difference between SIFCO Stock performing well and SIFCO Industries 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 SIFCO Industries' 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
DCO	1.48	(0.03)	0.01	0.09	1.91	(1.40)	3.23	(2.97)	11.62
PKE	1.35	(0.13)	(0.04)	0.02	1.81	(1.39)	3.41	(2.54)	8.38
KAMN	1.85	0.13	0.00	(2.15)	2.21	(1.87)	5.37	(3.75)	14.48
NPK	1.04	(0.12)	0.00	(0.01)	0.00	0.00	2.08	(2.12)	6.94
ATRO	2.09	(0.05)	0.00	(0.14)	0.00	0.00	4.07	(6.69)	15.37
AIRI	5.47	1.26	0.23	1.76	4.30	(6.76)	8.75	(8.29)	104.16
CVU	1.81	0.66	0.28	2.20	1.41	(2.28)	5.10	(2.94)	16.01
VSEC	1.78	(0.14)	(0.03)	0.01	2.98	(1.49)	2.94	(5.24)	11.83
TATT	2.38	0.23	0.05	2.70	2.38	(2.96)	4.39	(4.73)	23.23

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