Caterpillar Correlations
| CAT1 Stock | 386.00 8.00 2.12% |
The current 90-days correlation between Caterpillar and Talanx AG is 0.22 (i.e., Modest 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.
Caterpillar Correlation With Market
Poor diversification
The correlation between Caterpillar and DJI is 0.69 (i.e., 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.
Caterpillar |
The ability to find closely correlated positions to Caterpillar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caterpillar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Caterpillar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Caterpillar to buy it.
Moving together with Caterpillar Stock
| 0.99 | CAT1 | Caterpillar | PairCorr |
| 0.86 | DCO | Deere Company | PairCorr |
| 0.62 | VOL1 | AB Volvo | PairCorr |
| 0.62 | VOL4 | VOLVO B UNSPADR | PairCorr |
| 0.78 | DTG | Daimler Truck Holding | PairCorr |
| 0.64 | KOMA | KOMATSU LTD SPONS | PairCorr |
| 0.86 | GC6 | Primo Water Corp | PairCorr |
| 0.83 | GLE | Gladstone Commercial | PairCorr |
| 0.9 | 9MDA | MEITUAN UNSPADR/2B Earnings Call Today | PairCorr |
| 0.67 | PP1 | Papa Johns International | PairCorr |
| 0.88 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.89 | UN3 | United Natural Foods | PairCorr |
| 0.76 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.64 | E908 | Lyxor 1 | PairCorr |
Moving against Caterpillar Stock
| 0.81 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.51 | 6FO | GOODTECH ASA A | PairCorr |
| 0.39 | 99Q | ENTREPARTICULIERS EO | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 8SP | 2.10 | (0.13) | 0.00 | 1.09 | 0.00 | 3.38 | 20.22 | |||
| 6NM | 1.23 | 0.00 | (0.02) | 0.12 | 1.76 | 2.79 | 9.64 | |||
| 39O1 | 3.77 | 0.20 | 0.04 | 0.41 | 3.51 | 8.41 | 34.42 | |||
| 2DG | 3.89 | (1.69) | 0.00 | (1.15) | 0.00 | 6.45 | 52.42 | |||
| TLX | 0.97 | (0.02) | (0.07) | 0.08 | 1.13 | 2.67 | 7.58 | |||
| TM9 | 2.78 | 0.08 | (0.02) | (0.02) | 4.26 | 5.56 | 36.50 | |||
| INVN | 2.16 | 0.13 | 0.04 | 0.28 | 2.54 | 5.61 | 14.01 | |||
| IUI1 | 1.26 | 0.26 | 0.14 | 0.90 | 1.05 | 3.28 | 10.01 | |||
| 6HW | 0.42 | (0.10) | 0.00 | 0.91 | 0.00 | 1.21 | 5.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Caterpillar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Funds Screener Now
Funds ScreenerFind actively-traded funds from around the world traded on over 30 global exchanges |
| All Next | Launch Module |
Caterpillar Corporate Management
Elected by the shareholders, the Caterpillar's board of directors comprises two types of representatives: Caterpillar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Caterpillar. The board's role is to monitor Caterpillar's management team and ensure that shareholders' interests are well served. Caterpillar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Caterpillar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Denise Johnson | Group Industries | Profile | |
| Andrew Bonfield | Chief Officer | Profile | |
| James III | Chairman CEO | Profile | |
| Courtney Dean | Chief Officer | Profile | |
| Karl Weiss | CTO VP | Profile | |
| William Schaupp | Chief Officer | Profile | |
| Joseph Creed | Group Segment | Profile |