Titan International Correlations

TWI Stock

USD 6.95 0.04 0.58%

The current 90-days correlation between Titan International and Hyster Yale Materials Handling is 0.34 (i.e., Weak diversification). The correlation of Titan International 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.

Titan International Correlation With Market

Poor diversification

The correlation between Titan International and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Titan International 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 Titan International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

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

Moving together with Titan Stock

0.61	NKLA	Nikola Corp	Pair Corr
0.68	AP	Ampco Pittsburgh	Pair Corr

Moving against Titan Stock

0.82	B	Barnes Group	Pair Corr
0.7	PCAR	PACCAR Inc Fiscal Year End 28th of January 2025	Pair Corr
0.68	UGRO	Urban Gro	Pair Corr
0.62	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.57	CNH	CNH Industrial NV Symbol Change	Pair Corr
0.53	AGCO	AGCO	Pair Corr
0.49	MNTX	Manitex International	Pair Corr
0.4	DE	Deere Company Earnings Call This Week	Pair Corr
0.78	J	Jacobs Solutions Fiscal Year End 19th of November 2024	Pair Corr
0.76	BW	Babcock Wilcox Enter	Pair Corr
0.73	EH	Ehang Holdings Earnings Call This Week	Pair Corr
0.73	NL	NL Industries	Pair Corr
0.7	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.67	CW	Curtiss Wright	Pair Corr
0.64	OC	Owens Corning	Pair Corr
0.57	IR	Ingersoll Rand	Pair Corr
0.55	BR	Broadridge Financial	Pair Corr
0.55	PH	Parker Hannifin	Pair Corr

Related Correlations Analysis

	DE	GP	HY	ALG	CAT	CNH	LEV	LNN	MTW	OSK
DE		0.59	0.45	-0.06	0.82	0.91	-0.2	0.13	-0.03	0.01	DE
GP	0.59		0.52	-0.4	0.27	0.4	0.36	-0.05	-0.32	-0.45	GP
HY	0.45	0.52		-0.59	0.29	0.44	0.46	-0.33	-0.34	-0.27	HY
ALG	-0.06	-0.4	-0.59		0.26	0.01	-0.63	0.69	0.71	0.71	ALG
CAT	0.82	0.27	0.29	0.26		0.85	-0.56	0.34	0.32	0.4	CAT
CNH	0.91	0.4	0.44	0.01	0.85		-0.26	0.14	0.0	0.15	CNH
LEV	-0.2	0.36	0.46	-0.63	-0.56	-0.26		-0.4	-0.6	-0.65	LEV
LNN	0.13	-0.05	-0.33	0.69	0.34	0.14	-0.4		0.55	0.48	LNN
MTW	-0.03	-0.32	-0.34	0.71	0.32	0.0	-0.6	0.55		0.87	MTW
OSK	0.01	-0.45	-0.27	0.71	0.4	0.15	-0.65	0.48	0.87		OSK
	DE	GP	HY	ALG	CAT	CNH	LEV	LNN	MTW	OSK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

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

CNH	+ 0.91	DE
OSK	+ 0.87	MTW
CNH	+ 0.85	CAT
CAT	+ 0.82	DE
MTW	+ 0.71	ALG
OSK	+ 0.71	ALG

High negative correlations

OSK	- 0.65	LEV
LEV	- 0.63	ALG
MTW	- 0.6	LEV
ALG	- 0.59	HY
LEV	- 0.56	CAT
OSK	- 0.45	GP

Risk-Adjusted Indicators

There is a big difference between Titan Stock performing well and Titan International 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 Titan International'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
DE	0.96	0.05	0.01	0.19	1.17	(1.01)	1.84	(1.86)	6.32
GP	5.37	0.10	0.01	0.44	5.78	(8.58)	19.19	(11.18)	41.85
HY	1.93	(0.28)	0.00	(0.13)	0.00	0.00	4.01	(3.35)	20.12
ALG	1.42	0.02	0.05	0.11	1.46	(1.51)	2.27	(2.25)	12.83
CAT	1.27	(0.01)	0.05	0.09	1.37	(1.36)	3.36	(2.13)	12.38
CNH	1.52	0.04	0.02	0.14	2.06	(1.62)	3.50	(2.58)	12.81
LEV	4.11	(0.84)	0.00	(0.83)	0.00	0.00	12.50	(9.59)	42.13
LNN	1.35	(0.11)	(0.03)	0.03	1.65	(1.41)	2.52	(2.37)	13.76
MTW	2.24	(0.12)	0.02	0.06	2.69	(2.48)	5.41	(4.10)	19.21
OSK	1.54	(0.09)	0.00	0.05	1.86	(1.55)	2.78	(2.83)	12.69

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

2024 Macroaxis LLC