Caterpillar Correlations

CAT Stock

USD 702.89 11.98 1.73%

The current 90-days correlation between Caterpillar and GE Aerospace is 0.33 (i.e., Weak diversification). The correlation of Caterpillar 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.

Caterpillar Correlation With Market

Very poor diversification

The correlation between Caterpillar and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caterpillar and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Caterpillar Stock

0.69	VELO	Velo3D Upward Rally	Pair Corr
0.89	CMI	Cummins	Pair Corr
0.83	GBX	Greenbrier Companies	Pair Corr
0.77	MTW	Manitowoc Earnings Call This Week	Pair Corr
0.9	OSK	Oshkosh	Pair Corr
0.84	TEX	Terex Earnings Call Tomorrow	Pair Corr
0.91	WAB	Westinghouse Air Brake	Pair Corr
0.89	WNC	Wabash National Earnings Call Today	Pair Corr
0.79	6WW	WIMFARM SA EO	Pair Corr
0.66	PIG	Haulotte Group SA Earnings Call This Week	Pair Corr
0.88	PCAR	PACCAR Inc	Pair Corr
0.9	PLOW	Douglas Dynamics	Pair Corr
0.78	REVG	Rev Group	Pair Corr
0.87	ASTE	Astec Industries	Pair Corr
0.77	RILYL	B Riley Financial	Pair Corr
0.81	TFLM	TFLM	Pair Corr
0.77	FIBK	First Interstate Ban	Pair Corr
0.83	APETF	Alpha Esports Tech	Pair Corr

Moving against Caterpillar Stock

0.44	ALH	Alliance Laundry Holdings	Pair Corr
0.8	PBCRY	Bank Central Asia	Pair Corr
0.38	PBCRF	PT Bank Central	Pair Corr
0.43	ALL	Allstate Earnings Call This Week	Pair Corr
0.36	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	GE	GSFP	PXGYF	SPSTY	MKDW	SPSTF	CAPR	LPSN	EVTC	SKLTY
GE		0.08	-0.36	-0.21	-0.15	0.25	0.2	-0.28	0.13	-0.06	GE
GSFP	0.08		-0.39	-0.24	-0.47	0.68	0.73	-0.87	0.63	-0.9	GSFP
PXGYF	-0.36	-0.39		0.4	0.41	-0.59	-0.45	0.51	-0.31	0.42	PXGYF
SPSTY	-0.21	-0.24	0.4		0.23	-0.19	-0.08	0.21	-0.22	0.13	SPSTY
MKDW	-0.15	-0.47	0.41	0.23		-0.3	-0.18	0.72	-0.15	0.41	MKDW
SPSTF	0.25	0.68	-0.59	-0.19	-0.3		0.87	-0.63	0.45	-0.66	SPSTF
CAPR	0.2	0.73	-0.45	-0.08	-0.18	0.87		-0.61	0.53	-0.72	CAPR
LPSN	-0.28	-0.87	0.51	0.21	0.72	-0.63	-0.61		-0.48	0.78	LPSN
EVTC	0.13	0.63	-0.31	-0.22	-0.15	0.45	0.53	-0.48		-0.58	EVTC
SKLTY	-0.06	-0.9	0.42	0.13	0.41	-0.66	-0.72	0.78	-0.58		SKLTY
	GE	GSFP	PXGYF	SPSTY	MKDW	SPSTF	CAPR	LPSN	EVTC	SKLTY

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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

CAPR	+ 0.87	SPSTF
SKLTY	+ 0.78	LPSN
CAPR	+ 0.73	GSFP
LPSN	+ 0.72	MKDW
SPSTF	+ 0.68	GSFP
EVTC	+ 0.63	GSFP

High negative correlations

SKLTY	- 0.9	GSFP
LPSN	- 0.87	GSFP
SKLTY	- 0.72	CAPR
SKLTY	- 0.66	SPSTF
LPSN	- 0.63	SPSTF
LPSN	- 0.61	CAPR

Risk-Adjusted Indicators

There is a big difference between Caterpillar Stock performing well and Caterpillar 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 Caterpillar'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
GE	1.41	(0.04)	0.00	(0.01)	0.00	0.00	2.65	(3.35)	11.51
GSFP	0.55	0.18	0.22	1.77	0.33	(0.68)	1.27	(1.10)	3.10
PXGYF	1.60	(0.11)	0.00	(0.10)	0.00	0.00	4.92	(6.15)	14.79
SPSTY	1.18	(0.03)	0.00	0.10	0.00	0.00	3.41	(3.49)	16.23
MKDW	4.02	(1.08)	0.00	(0.74)	0.00	0.00	7.84	(8.97)	36.75
SPSTF	0.40	0.10	0.00	3.77	0.00	0.00	0.00	0.00	12.92
CAPR	12.22	5.04	0.83	0.64	4.54	(15.73)	11.51	(10.26)	386.29
LPSN	3.66	(1.05)	0.00	(0.38)	0.00	0.00	5.56	(6.85)	25.36
EVTC	1.55	(0.09)	0.00	(0.02)	0.00	0.00	2.94	(3.16)	9.49
SKLTY	1.25	(0.31)	0.00	(2.32)	0.00	0.00	2.18	(2.93)	9.41

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