Terex Correlations

TEX Stock

USD 49.36 1.22 2.41%

The current 90-days correlation between Terex and Oshkosh is 0.75 (i.e., Poor diversification). The correlation of Terex 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.

Terex Correlation With Market

Poor diversification

The correlation between Terex and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Terex and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Terex Stock

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

For more information on how to buy Terex Stock please use our How to Invest in Terex guide.

Moving together with Terex Stock

0.9	DE	Deere Company	Pair Corr
0.82	HY	Hyster Yale Materials	Pair Corr
0.95	ALG	Alamo Group	Pair Corr
0.94	CAT	Caterpillar	Pair Corr
0.95	CNH	CNH Industrial NV Sell-off Trend	Pair Corr
0.86	LNN	Lindsay	Pair Corr
0.98	MTW	Manitowoc	Pair Corr
0.92	OSK	Oshkosh	Pair Corr
0.73	TWI	Titan International	Pair Corr
0.9	GENC	Gencor Industries	Pair Corr
0.74	HYFM	Hydrofarm Holdings	Pair Corr
0.87	PCAR	PACCAR Inc Earnings Call Tomorrow	Pair Corr
0.89	REVG	Rev Group	Pair Corr
0.97	AGCO	AGCO	Pair Corr
0.75	ARTW	Arts Way Manufacturing	Pair Corr
0.85	ASTE	Astec Industries	Pair Corr
0.76	SHYF	Shyft Group Earnings Call This Week	Pair Corr
0.91	J	Jacobs Solutions	Pair Corr
0.9	R	Ryder System Earnings Call This Week	Pair Corr
0.95	AL	Air Lease	Pair Corr
0.82	AP	Ampco Pittsburgh	Pair Corr
0.86	AZ	A2Z Smart Technologies	Pair Corr
0.94	BA	Boeing	Pair Corr
0.79	BE	Bloom Energy Corp	Pair Corr
0.83	BV	BrightView Holdings	Pair Corr
0.88	BW	Babcock Wilcox Enter	Pair Corr
0.96	BZ	Kanzhun Ltd ADR	Pair Corr
0.9	CP	Canadian Pacific Railway	Pair Corr
0.93	CR	Crane Company	Pair Corr
0.92	CW	Curtiss Wright	Pair Corr
0.9	DY	Dycom Industries	Pair Corr
0.84	FA	First Advantage Corp	Pair Corr

Moving against Terex Stock

0.83	UGRO	Urban Gro	Pair Corr
0.33	GP	GreenPower Motor	Pair Corr
0.75	MG	Mistras Group	Pair Corr
0.66	NL	NL Industries	Pair Corr
0.64	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	MTW	OSK	ALG	WNC	HY	AGCO	IR	TRN
MTW		0.94	0.98	0.55	0.77	0.95	0.97	0.87	MTW
OSK	0.94		0.96	0.65	0.66	0.86	0.91	0.88	OSK
ALG	0.98	0.96		0.6	0.68	0.91	0.93	0.85	ALG
WNC	0.55	0.65	0.6		0.3	0.36	0.44	0.73	WNC
HY	0.77	0.66	0.68	0.3		0.83	0.84	0.74	HY
AGCO	0.95	0.86	0.91	0.36	0.83		0.96	0.79	AGCO
IR	0.97	0.91	0.93	0.44	0.84	0.96		0.85	IR
TRN	0.87	0.88	0.85	0.73	0.74	0.79	0.85		TRN
	MTW	OSK	ALG	WNC	HY	AGCO	IR	TRN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Terex Stock performing well and Terex 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 Terex'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	2.16	0.53	0.31	0.41	1.61	(2.70)	4.70	(2.64)	21.44
OSK	1.53	0.40	0.27	0.45	1.10	(1.90)	4.11	(1.90)	10.24
ALG	1.16	0.25	0.21	0.39	0.83	(1.39)	2.90	(1.86)	9.25
WNC	2.96	0.06	0.01	0.18	5.74	(3.00)	7.18	(4.13)	38.65
HY	1.65	(0.04)	0.00	0.10	1.89	(1.80)	4.61	(3.36)	11.07
AGCO	1.61	0.19	0.12	0.27	1.59	(1.82)	4.14	(2.56)	14.35
IR	1.23	0.06	0.08	0.17	1.13	(1.39)	2.75	(2.09)	8.63
TRN	1.35	(0.05)	(0.04)	0.08	1.33	(1.62)	3.15	(2.05)	9.13

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