Acme United Correlations

ACU Stock

USD 41.77 0.38 0.92%

The current 90-days correlation between Acme United and Mannatech Incorporated is -0.02 (i.e., Good diversification). The correlation of Acme United 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.

Acme United Correlation With Market

Very weak diversification

The correlation between Acme United and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acme United and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acme United. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Acme Stock

0.62	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.63	FORR	Forrester Research	Pair Corr

Moving against Acme Stock

0.46	AXR	AMREP	Pair Corr
0.44	WLDN	Willdan Group	Pair Corr
0.37	NL	NL Industries	Pair Corr
0.34	ARC	ARC Document Solutions	Pair Corr
0.31	EXLS	ExlService Holdings	Pair Corr
0.4	GDS	GDS Holdings	Pair Corr

Related Correlations Analysis

	MTEX	EWCZ	IPAR	SPB	NUS	PG	EPC	HELE
MTEX		0.15	0.04	-0.08	-0.43	-0.05	-0.35	0.31	MTEX
EWCZ	0.15		0.1	0.35	-0.36	-0.37	-0.09	0.18	EWCZ
IPAR	0.04	0.1		0.35	0.11	-0.49	-0.04	0.17	IPAR
SPB	-0.08	0.35	0.35		0.23	0.18	0.38	-0.22	SPB
NUS	-0.43	-0.36	0.11	0.23		0.21	0.84	-0.8	NUS
PG	-0.05	-0.37	-0.49	0.18	0.21		0.31	-0.35	PG
EPC	-0.35	-0.09	-0.04	0.38	0.84	0.31		-0.86	EPC
HELE	0.31	0.18	0.17	-0.22	-0.8	-0.35	-0.86		HELE
	MTEX	EWCZ	IPAR	SPB	NUS	PG	EPC	HELE

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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

EPC	+ 0.84	NUS
EPC	+ 0.38	SPB
SPB	+ 0.35	EWCZ
SPB	+ 0.35	IPAR
HELE	+ 0.31	MTEX
EPC	+ 0.31	PG

High negative correlations

HELE	- 0.86	EPC
HELE	- 0.8	NUS
PG	- 0.49	IPAR
NUS	- 0.43	MTEX
PG	- 0.37	EWCZ
NUS	- 0.36	EWCZ

Risk-Adjusted Indicators

There is a big difference between Acme Stock performing well and Acme United 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 Acme United'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
MTEX	2.12	0.16	0.03	1.08	2.46	(3.09)	5.52	(5.35)	16.06
EWCZ	2.59	(0.16)	0.00	(0.04)	0.00	0.00	4.35	(4.61)	31.55
IPAR	1.36	(0.04)	(0.02)	0.05	2.01	(1.18)	2.22	(3.01)	8.04
SPB	1.03	(0.05)	0.00	(0.03)	0.00	0.00	1.87	(2.23)	8.89
NUS	2.56	(0.37)	0.00	(0.72)	0.00	0.00	4.52	(5.89)	15.79
PG	0.67	0.02	(0.09)	(0.04)	0.85	(0.73)	1.56	(1.26)	4.66
EPC	1.08	(0.17)	0.00	(1.66)	0.00	0.00	2.12	(2.72)	6.00
HELE	1.82	0.38	0.20	0.54	1.43	(2.24)	4.41	(2.63)	22.13

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