CSW Industrials Correlations

CSW Stock

272.35 1.83 0.67%

The current 90-days correlation between CSW Industrials and Franklin Electric Co is 0.45 (i.e., Very weak diversification). The correlation of CSW Industrials 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.

CSW Industrials Correlation With Market

Poor diversification

The correlation between CSW Industrials and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSW Industrials and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CSW Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CSW Industrials. 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 CSW Stock please use our How to Invest in CSW Industrials guide.

Moving together with CSW Stock

0.64	NX	Quanex Building Products	Pair Corr
0.73	52SA	SYSTEMAIR AB	Pair Corr
0.66	FBIN	Fortune Brands Innov	Pair Corr
0.66	CNR	Core Natural Resources	Pair Corr
0.66	GFF	Griffon	Pair Corr
0.69	LII	Lennox International	Pair Corr
0.66	MAS	Masco Earnings Call This Week	Pair Corr
0.67	ZEHN	Zehnder	Pair Corr
0.71	FORN	Forbo Holding AG	Pair Corr
0.61	PATK	Patrick Industries Earnings Call Today	Pair Corr
0.81	MLPLC	Placoplatre SA	Pair Corr

Moving against CSW Stock

0.81	TT	Trane Technologies plc	Pair Corr
0.71	NCL	Northann Corp	Pair Corr
0.59	JCTC	Jewett Cameron Trading	Pair Corr
0.55	2VI	Arlo Technologies	Pair Corr
0.39	WXM	WF International	Pair Corr
0.37	SWTQ	Schweiter Technologies	Pair Corr
0.74	MSAI	Infrared Cameras Holdings	Pair Corr
0.7	ORBS	Eightco Holdings Symbol Change	Pair Corr
0.7	CAPT	Captivision Ordinary	Pair Corr
0.66	TRNR	Interactive Strength	Pair Corr
0.61	TGEN	Tecogen	Pair Corr
0.58	AAON	AAON Inc	Pair Corr
0.46	TYIA	Johnson Controls Int	Pair Corr
0.43	SYTA	Siyata Mobile Symbol Change	Pair Corr
0.33	ROCK	Gibraltar Industries	Pair Corr

Related Correlations Analysis

	FELE	MWA	CXT	KAI	AGX	LSTR	NPO	GVA	MDU	MSM
FELE		0.76	-0.59	0.91	0.13	0.88	0.74	0.88	0.19	0.35	FELE
MWA	0.76		-0.22	0.85	0.19	0.69	0.87	0.64	0.11	0.19	MWA
CXT	-0.59	-0.22		-0.55	-0.02	-0.69	-0.15	-0.82	0.11	-0.03	CXT
KAI	0.91	0.85	-0.55		0.19	0.93	0.85	0.89	0.12	0.14	KAI
AGX	0.13	0.19	-0.02	0.19		0.09	0.31	0.1	0.69	0.41	AGX
LSTR	0.88	0.69	-0.69	0.93	0.09		0.69	0.95	0.02	0.08	LSTR
NPO	0.74	0.87	-0.15	0.85	0.31	0.69		0.64	0.27	0.2	NPO
GVA	0.88	0.64	-0.82	0.89	0.1	0.95	0.64		0.01	0.11	GVA
MDU	0.19	0.11	0.11	0.12	0.69	0.02	0.27	0.01		0.56	MDU
MSM	0.35	0.19	-0.03	0.14	0.41	0.08	0.2	0.11	0.56		MSM
	FELE	MWA	CXT	KAI	AGX	LSTR	NPO	GVA	MDU	MSM

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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

GVA	+ 0.95	LSTR
LSTR	+ 0.93	KAI
KAI	+ 0.91	FELE
GVA	+ 0.89	KAI
LSTR	+ 0.88	FELE
GVA	+ 0.88	FELE

High negative correlations

GVA	- 0.82	CXT
LSTR	- 0.69	CXT
CXT	- 0.59	FELE
KAI	- 0.55	CXT
CXT	- 0.22	MWA
NPO	- 0.15	CXT

Risk-Adjusted Indicators

There is a big difference between CSW Stock performing well and CSW Industrials 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 CSW Industrials' 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
FELE	1.09	0.06	0.07	0.10	1.00	(1.34)	2.56	(1.73)	6.31
MWA	1.07	0.06	0.04	0.11	1.36	(1.16)	2.83	(1.95)	5.42
CXT	1.63	(0.38)	0.00	(0.19)	0.00	0.00	2.60	(4.02)	8.12
KAI	1.52	0.16	0.12	0.15	1.40	(1.71)	3.74	(2.91)	10.20
AGX	3.46	0.29	0.07	0.31	3.99	(3.81)	7.30	(7.35)	22.90
LSTR	1.33	0.34	0.29	0.31	0.84	(1.67)	3.83	(1.86)	6.67
NPO	1.85	0.07	0.05	0.08	2.47	(1.85)	3.52	(3.85)	9.97
GVA	0.96	0.22	0.20	0.30	0.80	(1.17)	2.36	(1.47)	5.83
MDU	0.96	0.10	0.05	0.24	1.21	(1.04)	1.98	(2.27)	8.59
MSM	1.37	0.12	0.08	0.16	1.51	(1.44)	3.50	(3.15)	10.04

CSW Industrials Corporate Management

Luke JD	General VP	Profile
Fang Wang	VP Controller	Profile
Jeff Underwood	Senior Solutions	Profile
Donal Sullivan	Executive Officer	Profile
Danielle Garde	Senior Officer	Profile

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