GrafTech International Correlations

EAF Stock

USD 7.12 0.31 4.55%

The current 90-days correlation between GrafTech International and Plug Power is 0.09 (i.e., Significant diversification). The correlation of GrafTech International 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.

GrafTech International Correlation With Market

Very good diversification

The correlation between GrafTech International and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GrafTech International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GrafTech Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in GrafTech International. 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 detail on how to invest in GrafTech Stock please use our How to Invest in GrafTech International guide.

Moving together with GrafTech Stock

0.78	EFOI	Energy Focu	Pair Corr
0.78	ENVX	Enovix Corp	Pair Corr
0.69	EOSE	Eos Energy Enterprises	Pair Corr
0.63	FLNC	Fluence Energy Potential Growth	Pair Corr
0.69	2F0	AB Fagerhult	Pair Corr

Moving against GrafTech Stock

0.8	WATT	Energous	Pair Corr
0.77	ALDBT	DBT SA	Pair Corr
0.66	4LG	LANDISGYR GROUP AG	Pair Corr
0.54	AME	Ametek Inc	Pair Corr
0.44	P4L	PREFORMED LINE PROD	Pair Corr
0.44	ESP	Espey Mfg Electronics	Pair Corr
0.35	ST	Sensata Technologies	Pair Corr
0.34	VICR	Vicor Trending	Pair Corr
0.31	EMR	Emerson Electric	Pair Corr
0.81	RRX	Regal Beloit	Pair Corr
0.8	VRT	Vertiv Holdings	Pair Corr
0.79	HPS-A	Hammond Power Solutions	Pair Corr
0.78	ETN	Eaton PLC	Pair Corr
0.77	GNRC	Generac Holdings	Pair Corr
0.65	THR	Thermon Group Holdings	Pair Corr
0.64	RBC	RBC Bearings	Pair Corr
0.64	MIE1	Mitsubishi Electric	Pair Corr
0.6	NXT	Nextracker Class A	Pair Corr
0.6	64K	VOLEX PLC LS	Pair Corr
0.56	SKS	SKS Technologies	Pair Corr

Related Correlations Analysis

	PLUG	HAYW	EOSE	FLY	KFY	AMPX	SEB	MYRG	BRC	SPR
PLUG		0.21	0.8	0.65	0.69	0.19	-0.23	-0.21	-0.35	-0.08	PLUG
HAYW	0.21		0.34	0.32	0.21	0.23	0.48	0.37	0.41	-0.56	HAYW
EOSE	0.8	0.34		0.58	0.57	0.41	-0.16	-0.15	-0.32	-0.06	EOSE
FLY	0.65	0.32	0.58		0.53	0.0	0.08	0.18	0.08	-0.25	FLY
KFY	0.69	0.21	0.57	0.53		0.09	-0.19	-0.38	-0.38	-0.06	KFY
AMPX	0.19	0.23	0.41	0.0	0.09		0.48	0.37	0.25	-0.42	AMPX
SEB	-0.23	0.48	-0.16	0.08	-0.19	0.48		0.83	0.87	-0.8	SEB
MYRG	-0.21	0.37	-0.15	0.18	-0.38	0.37	0.83		0.9	-0.7	MYRG
BRC	-0.35	0.41	-0.32	0.08	-0.38	0.25	0.87	0.9		-0.69	BRC
SPR	-0.08	-0.56	-0.06	-0.25	-0.06	-0.42	-0.8	-0.7	-0.69		SPR
	PLUG	HAYW	EOSE	FLY	KFY	AMPX	SEB	MYRG	BRC	SPR

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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

BRC	+ 0.9	MYRG
BRC	+ 0.87	SEB
MYRG	+ 0.83	SEB
EOSE	+ 0.8	PLUG
KFY	+ 0.69	PLUG
FLY	+ 0.65	PLUG

High negative correlations

SPR	- 0.8	SEB
SPR	- 0.7	MYRG
SPR	- 0.69	BRC
SPR	- 0.56	HAYW
SPR	- 0.42	AMPX
BRC	- 0.38	KFY

Risk-Adjusted Indicators

There is a big difference between GrafTech Stock performing well and GrafTech International 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 GrafTech International'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
PLUG	3.79	(0.14)	0.00	0.04	4.10	(4.44)	9.90	(7.14)	26.07
HAYW	1.19	(0.14)	(0.07)	(0.01)	1.40	(1.63)	3.15	(2.44)	8.28
EOSE	5.00	(0.34)	0.00	(0.01)	0.00	0.00	11.13	(9.12)	29.00
FLY	5.91	0.03	0.03	0.11	6.91	(6.08)	12.30	(9.48)	36.50
KFY	1.39	(0.18)	0.00	(0.06)	0.00	0.00	2.91	(3.59)	12.19
AMPX	4.96	(0.03)	0.02	0.09	6.29	(5.20)	10.77	(8.39)	28.89
SEB	1.59	0.29	0.07	5.55	2.25	(1.57)	3.10	(3.24)	13.15
MYRG	2.10	0.26	0.11	0.30	2.30	(2.29)	4.12	(3.50)	12.17
BRC	0.97	0.25	0.13	0.97	1.14	(1.07)	2.35	(2.18)	6.88
SPR	1.19	(0.06)	0.00	1.76	0.00	0.00	2.29	(3.30)	7.96

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