Babcock Wilcox Correlations

BW Stock

USD 1.90 0.01 0.53%

The current 90-days correlation between Babcock Wilcox Enter and Barnes Group is 0.28 (i.e., Modest diversification). The correlation of Babcock Wilcox 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.

Babcock Wilcox Correlation With Market

Average diversification

The correlation between Babcock Wilcox Enterprises and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Babcock Wilcox Enterprises 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 Babcock Wilcox Enterprises. 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.

Moving together with Babcock Stock

0.87	B	Barnes Group	Pair Corr
0.75	IR	Ingersoll Rand	Pair Corr
0.62	EPAC	Enerpac Tool Group	Pair Corr
0.85	ATS	ATS Corporation	Pair Corr
0.66	CMI	Cummins	Pair Corr
0.76	ETN	Eaton PLC	Pair Corr
0.7	FLS	Flowserve	Pair Corr
0.71	ITT	ITT Inc	Pair Corr
0.65	ITW	Illinois Tool Works	Pair Corr
0.62	JBT	John Bean Technologies	Pair Corr
0.74	MIR	Mirion Technologies	Pair Corr
0.61	MWA	Mueller Water Products Fiscal Year End 11th of December 2024	Pair Corr
0.71	NNE	Nano Nuclear Energy Trending	Pair Corr
0.71	PNR	Pentair PLC	Pair Corr
0.71	RRX	Regal Beloit	Pair Corr
0.63	SMR	Nuscale Power Corp Trending	Pair Corr
0.68	SYM	Symbotic Trending	Pair Corr

Moving against Babcock Stock

0.72	RR	Richtech Robotics Class	Pair Corr
0.49	CXT	Crane NXT	Pair Corr
0.65	SHMDW	SCHMID Group NV	Pair Corr
0.37	THR	Thermon Group Holdings	Pair Corr

Related Correlations Analysis

	B	CR	HI	IR	PH	RR	EPAC	FELE	AME
B		0.62	0.13	0.78	0.73	-0.71	0.77	0.53	0.54	B
CR	0.62		0.55	0.79	0.93	-0.54	0.89	0.74	0.93	CR
HI	0.13	0.55		0.11	0.35	0.25	0.41	0.4	0.57	HI
IR	0.78	0.79	0.11		0.91	-0.79	0.81	0.81	0.68	IR
PH	0.73	0.93	0.35	0.91		-0.74	0.94	0.78	0.91	PH
RR	-0.71	-0.54	0.25	-0.79	-0.74		-0.69	-0.4	-0.53	RR
EPAC	0.77	0.89	0.41	0.81	0.94	-0.69		0.69	0.88	EPAC
FELE	0.53	0.74	0.4	0.81	0.78	-0.4	0.69		0.62	FELE
AME	0.54	0.93	0.57	0.68	0.91	-0.53	0.88	0.62		AME
	B	CR	HI	IR	PH	RR	EPAC	FELE	AME

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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

EPAC	+ 0.94	PH
PH	+ 0.93	CR
AME	+ 0.93	CR
PH	+ 0.91	IR
AME	+ 0.91	PH
EPAC	+ 0.89	CR

High negative correlations

RR	- 0.79	IR
RR	- 0.74	PH
RR	- 0.71	B
EPAC	- 0.69	RR
RR	- 0.54	CR
AME	- 0.53	RR

Risk-Adjusted Indicators

There is a big difference between Babcock Stock performing well and Babcock Wilcox 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 Babcock Wilcox'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
B	1.23	0.25	0.13	0.49	1.06	(1.39)	2.72	(2.10)	13.24
CR	1.45	0.16	0.10	0.25	1.69	(1.72)	3.45	(2.72)	9.45
HI	2.34	(0.19)	(0.01)	0.04	2.57	(2.77)	3.79	(4.06)	14.46
IR	1.18	0.05	0.07	0.15	1.11	(1.32)	3.27	(2.10)	7.21
PH	0.93	0.11	0.15	0.19	0.82	(1.12)	2.18	(1.25)	11.35
RR	5.47	(0.99)	0.00	(0.55)	0.00	0.00	10.40	(11.43)	36.95
EPAC	1.17	0.12	0.14	0.20	1.06	(1.36)	2.84	(1.91)	12.71
FELE	1.19	(0.08)	0.01	0.08	1.44	(1.37)	2.34	(1.54)	11.41
AME	0.81	0.19	0.14	0.39	0.76	(0.91)	1.32	(1.52)	11.22

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