Allient Correlations

ALNT Stock

61.92 0.43 0.70%

The current 90-days correlation between Allient and Daktronics is 0.34 (i.e., Weak diversification). The correlation of Allient 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.

Allient Correlation With Market

Very weak diversification

The correlation between Allient and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allient and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Allient Stock

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

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

Moving together with Allient Stock

0.82	ST	Sensata Technologies	Pair Corr
0.83	VICR	Vicor	Pair Corr
0.74	AME	Ametek Inc	Pair Corr
0.79	EMR	Emerson Electric	Pair Corr
0.69	ESP	Espey Mfg Electronics	Pair Corr
0.72	ROK	Rockwell Automation Earnings Call This Week	Pair Corr
0.75	RRX	Regal Beloit	Pair Corr
0.65	HUBB	Hubbell	Pair Corr
0.63	002339	Integrated Electronic	Pair Corr

Moving against Allient Stock

0.5	EGY	Energy Technologies	Pair Corr
0.49	WATT	Energous	Pair Corr
0.45	ETN	Eaton PLC	Pair Corr
0.39	FLUX	Flux Power Holdings	Pair Corr
0.38	002670	Guosheng Financial	Pair Corr
0.37	ZEO	Zeo Energy Corp	Pair Corr
0.32	EFOI	Energy Focu	Pair Corr
0.31	STI	Solidion Technology	Pair Corr
0.61	CPV	Clearvue Technologies	Pair Corr
0.52	RFT	Rectifier Technologies	Pair Corr
0.5	TOYO	TOYO Co	Pair Corr
0.38	300207	Sunwoda Electronic	Pair Corr
0.35	PLUG	Plug Power	Pair Corr
0.34	AMPX	Amprius Technologies	Pair Corr
0.33	IPWR	Ideal Power Downward Rally	Pair Corr
0.33	688063	Pylon Technologies	Pair Corr
0.33	CBAT	CBAK Energy Technology	Pair Corr

Related Correlations Analysis

	DAKT	PENG	SCSC	NTGR	LYTS	RDWR	BKSY	CTS	ARQQ	SSYS
DAKT		0.27	0.33	0.07	0.4	0.48	0.67	0.27	0.2	0.56	DAKT
PENG	0.27		0.71	0.71	0.75	0.7	0.46	-0.27	0.71	0.66	PENG
SCSC	0.33	0.71		0.6	0.7	0.53	0.35	-0.12	0.57	0.65	SCSC
NTGR	0.07	0.71	0.6		0.85	0.71	0.38	-0.77	0.92	0.74	NTGR
LYTS	0.4	0.75	0.7	0.85		0.86	0.58	-0.45	0.82	0.89	LYTS
RDWR	0.48	0.7	0.53	0.71	0.86		0.72	-0.33	0.75	0.84	RDWR
BKSY	0.67	0.46	0.35	0.38	0.58	0.72		-0.06	0.58	0.74	BKSY
CTS	0.27	-0.27	-0.12	-0.77	-0.45	-0.33	-0.06		-0.7	-0.3	CTS
ARQQ	0.2	0.71	0.57	0.92	0.82	0.75	0.58	-0.7		0.76	ARQQ
SSYS	0.56	0.66	0.65	0.74	0.89	0.84	0.74	-0.3	0.76		SSYS
	DAKT	PENG	SCSC	NTGR	LYTS	RDWR	BKSY	CTS	ARQQ	SSYS

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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

ARQQ	+ 0.92	NTGR
SSYS	+ 0.89	LYTS
RDWR	+ 0.86	LYTS
LYTS	+ 0.85	NTGR
SSYS	+ 0.84	RDWR
ARQQ	+ 0.82	LYTS

High negative correlations

CTS	- 0.77	NTGR
ARQQ	- 0.7	CTS
CTS	- 0.45	LYTS
CTS	- 0.33	RDWR
SSYS	- 0.3	CTS
CTS	- 0.27	PENG

Risk-Adjusted Indicators

There is a big difference between Allient Stock performing well and Allient 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 Allient'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
DAKT	1.87	0.05	0.04	0.14	2.40	(1.94)	3.33	(2.95)	24.79
PENG	2.37	(0.28)	0.00	(0.01)	0.00	0.00	5.14	(4.78)	20.51
SCSC	1.27	(0.10)	(0.05)	0.03	1.58	(1.36)	2.50	(2.56)	7.75
NTGR	1.89	(0.84)	0.00	(0.40)	0.00	0.00	2.49	(6.83)	11.33
LYTS	1.43	(0.33)	0.00	(0.09)	0.00	0.00	2.56	(3.41)	13.78
RDWR	1.23	(0.20)	0.00	(0.52)	0.00	0.00	2.14	(3.12)	7.17
BKSY	5.12	(0.26)	0.02	0.05	6.76	(5.23)	9.42	(11.45)	23.64
CTS	1.50	0.25	0.12	0.31	1.68	(1.53)	3.72	(3.10)	10.06
ARQQ	5.52	(1.21)	0.00	(0.13)	0.00	0.00	11.26	(10.64)	46.11
SSYS	2.35	(0.30)	(0.04)	0.00	2.77	(2.88)	6.06	(4.69)	22.42

Allient Corporate Management

Helmut Pirthauer	VP Group	Profile
Steve Warzala	Corporate Officer	Profile
Joseph JD	Secretary	Profile
Nicholas Hoffman	Secretary	Profile
Joseph Kubarek	Secretary	Profile

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