Donaldson Correlations

DCI Stock

USD 92.16 1.10 1.21%

The current 90-days correlation between Donaldson and Generac Holdings is 0.41 (i.e., Very weak diversification). The correlation of Donaldson 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.

Donaldson Correlation With Market

Very weak diversification

The correlation between Donaldson and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Donaldson and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Donaldson Stock

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

For more detail on how to invest in Donaldson Stock please use our How to Invest in Donaldson guide.

Moving together with Donaldson Stock

0.94	PH	Parker Hannifin	Pair Corr
0.85	RFG	Roebuck Food Group	Pair Corr
0.83	FLS	Flowserve	Pair Corr
0.9	WWD	Woodward	Pair Corr
0.9	GTLS	Chart Industries	Pair Corr
0.63	FTAIN	Fortress Transportation	Pair Corr
0.78	PRV	Porvair plc	Pair Corr

Moving against Donaldson Stock

0.79	605259	Lutian Machinery	Pair Corr
0.78	HYFM	Hydrofarm Holdings	Pair Corr
0.78	ILAG	Intelligent Living	Pair Corr
0.77	301053	Yoantion Industrial	Pair Corr
0.73	603109	Senci Electric Machinery	Pair Corr
0.61	688700	Kunshan Dongwei Tech	Pair Corr
0.49	300956	Anhui Shiny Electronic	Pair Corr
0.48	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.46	HY	Hyster Yale Materials	Pair Corr
0.41	002757	Nanxing Furniture	Pair Corr
0.82	002021	Zoje Resources Investment	Pair Corr
0.8	301022	Qingdao Hi Tech	Pair Corr
0.75	FLO	Flowtech Fluidpower plc	Pair Corr
0.74	300786	Guolin Environmental Tech	Pair Corr
0.74	300976	Dongguan Tarry Elect	Pair Corr
0.68	002786	Shenzhen Silver Basis	Pair Corr
0.62	600243	Qinghaihuading Industrial	Pair Corr
0.58	688531	Uxi Unicomp Technology	Pair Corr
0.53	JCSE	JE Cleantech Holdings Buyout Trend	Pair Corr
0.51	301048	Gemac Engineering	Pair Corr

Related Correlations Analysis

	GNRC	WTS	AOS	FLS	RRX	SPXC	AIT	CR	CNM	POOL
GNRC		0.03	0.41	-0.74	0.32	-0.54	-0.18	0.1	0.28	0.82	GNRC
WTS	0.03		0.65	-0.07	0.54	-0.1	0.64	0.35	0.69	0.13	WTS
AOS	0.41	0.65		-0.53	0.58	-0.53	0.37	0.0	0.63	0.6	AOS
FLS	-0.74	-0.07	-0.53		-0.08	0.87	0.41	0.41	-0.06	-0.91	FLS
RRX	0.32	0.54	0.58	-0.08		-0.14	0.56	0.35	0.64	0.22	RRX
SPXC	-0.54	-0.1	-0.53	0.87	-0.14		0.38	0.47	-0.06	-0.74	SPXC
AIT	-0.18	0.64	0.37	0.41	0.56	0.38		0.66	0.7	-0.23	AIT
CR	0.1	0.35	0.0	0.41	0.35	0.47	0.66		0.65	-0.21	CR
CNM	0.28	0.69	0.63	-0.06	0.64	-0.06	0.7	0.65		0.18	CNM
POOL	0.82	0.13	0.6	-0.91	0.22	-0.74	-0.23	-0.21	0.18		POOL
	GNRC	WTS	AOS	FLS	RRX	SPXC	AIT	CR	CNM	POOL

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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

SPXC	+ 0.87	FLS
POOL	+ 0.82	GNRC
CNM	+ 0.7	AIT
CNM	+ 0.69	WTS
CR	+ 0.66	AIT
AOS	+ 0.65	WTS

High negative correlations

POOL	- 0.91	FLS
POOL	- 0.74	SPXC
FLS	- 0.74	GNRC
SPXC	- 0.54	GNRC
SPXC	- 0.53	AOS
FLS	- 0.53	AOS

Risk-Adjusted Indicators

There is a big difference between Donaldson Stock performing well and Donaldson 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 Donaldson'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
GNRC	2.42	(0.33)	0.00	(0.06)	0.00	0.00	4.15	(5.41)	13.91
WTS	1.03	(0.07)	(0.04)	0.02	1.41	(1.24)	2.75	(1.72)	9.37
AOS	0.96	(0.16)	0.00	(0.09)	0.00	0.00	2.06	(2.21)	5.66
FLS	1.81	0.46	0.28	0.45	1.27	(2.25)	2.55	(2.65)	34.18
RRX	2.02	(0.05)	0.00	0.04	2.39	(2.24)	4.09	(3.90)	10.43
SPXC	1.72	0.06	0.05	0.11	1.83	(1.90)	3.71	(3.22)	17.00
AIT	1.01	(0.04)	(0.03)	0.03	1.30	(0.97)	2.64	(2.04)	7.04
CR	1.12	0.01	0.03	0.08	1.28	(1.20)	2.23	(2.32)	6.88
CNM	1.61	(0.03)	0.01	0.05	1.71	(1.81)	3.71	(2.83)	10.00
POOL	1.24	(0.48)	0.00	(0.35)	0.00	0.00	2.91	(2.25)	6.57

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