CSW Industrials Correlations

CSW Stock

319.54 0.89 0.28%

The current 90-days correlation between CSW Industrials and Franklin Electric Co is 0.49 (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

Very weak diversification

The correlation between CSW Industrials and DJI is 0.55 (i.e., Very weak 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 population.

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

Moving together with CSW Stock

0.72	WMS	Advanced Drainage Systems	Pair Corr
0.92	PATK	Patrick Industries	Pair Corr
0.75	CSTE	Caesarstone	Pair Corr
0.87	MUFG	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.78	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.96	SMFG	Sumitomo Mitsui Financial	Pair Corr

Moving against CSW Stock

0.81	002798	DO Home Collection	Pair Corr
0.8	TT	Trane Technologies plc	Pair Corr
0.78	NCL	Northann Corp	Pair Corr
0.7	ORBS	Eightco Holdings Symbol Change	Pair Corr
0.65	AEP	Atlas Engineered Products	Pair Corr
0.59	600202	Harbin Air Conditioning	Pair Corr
0.59	MSAI	Infrared Cameras Holdings	Pair Corr
0.5	JELD	Jeld Wen Holding Buyout Trend	Pair Corr
0.89	AAON	AAON Inc	Pair Corr
0.78	TGEN	Tecogen Downward Rally	Pair Corr
0.64	ALLE	Allegion PLC	Pair Corr
0.59	CARR	Carrier Global Corp	Pair Corr
0.56	002205	XinJiang GuoTong Pipeline	Pair Corr
0.39	AMWD	American Woodmark	Pair Corr

Related Correlations Analysis

	FELE	MWA	CXT	KAI	AGX	LSTR	NPO	GVA	MDU	MSM
FELE		0.42	-0.35	0.75	-0.16	0.66	0.45	0.65	-0.03	0.12	FELE
MWA	0.42		0.43	0.67	-0.67	0.01	0.73	0.04	-0.61	-0.11	MWA
CXT	-0.35	0.43		-0.06	-0.49	-0.74	0.4	-0.77	-0.28	0.07	CXT
KAI	0.75	0.67	-0.06		-0.45	0.54	0.66	0.58	-0.46	-0.14	KAI
AGX	-0.16	-0.67	-0.49	-0.45		0.07	-0.33	0.07	0.77	0.11	AGX
LSTR	0.66	0.01	-0.74	0.54	0.07		0.03	0.89	-0.07	-0.22	LSTR
NPO	0.45	0.73	0.4	0.66	-0.33	0.03		0.07	-0.29	-0.11	NPO
GVA	0.65	0.04	-0.77	0.58	0.07	0.89	0.07		-0.16	-0.1	GVA
MDU	-0.03	-0.61	-0.28	-0.46	0.77	-0.07	-0.29	-0.16		0.29	MDU
MSM	0.12	-0.11	0.07	-0.14	0.11	-0.22	-0.11	-0.1	0.29		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	+ 0.89	LSTR
MDU	+ 0.77	AGX
KAI	+ 0.75	FELE
NPO	+ 0.73	MWA
KAI	+ 0.67	MWA
LSTR	+ 0.66	FELE

High negative correlations

GVA	- 0.77	CXT
LSTR	- 0.74	CXT
AGX	- 0.67	MWA
MDU	- 0.61	MWA
AGX	- 0.49	CXT
MDU	- 0.46	KAI

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	1.05	0.01	0.01	0.10	1.05	(1.22)	2.23	(1.71)	5.37
MWA	1.05	(0.09)	(0.06)	(0.01)	1.58	(0.99)	2.28	(2.30)	5.94
CXT	1.57	(0.57)	0.00	(0.28)	0.00	0.00	2.34	(4.02)	8.12
KAI	1.67	(0.03)	0.02	0.07	1.93	(1.80)	4.36	(3.52)	10.20
AGX	3.56	0.12	0.05	0.13	4.14	(4.00)	7.40	(7.35)	27.04
LSTR	1.40	0.32	0.17	1.10	1.23	(1.67)	3.50	(2.46)	9.57
NPO	1.74	(0.09)	0.00	0.04	2.33	(1.73)	3.49	(3.85)	9.97
GVA	0.89	0.12	0.12	0.22	0.81	(1.12)	2.34	(1.45)	5.83
MDU	0.97	0.12	0.06	0.30	1.19	(1.03)	1.79	(2.13)	8.59
MSM	1.32	(0.18)	0.00	(0.07)	0.00	0.00	3.10	(3.28)	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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