Griffon Correlations

GFF Stock

USD 81.77 0.38 0.47%

The current 90-days correlation between Griffon and Seaboard is 0.2 (i.e., Modest diversification). The correlation of Griffon 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.

Griffon Correlation With Market

Very poor diversification

The correlation between Griffon and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Griffon and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Griffon Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffon. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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

Moving together with Griffon Stock

0.79	OC	Owens Corning	Pair Corr
0.85	SSD	Simpson Manufacturing	Pair Corr
0.68	WMS	Advanced Drainage Systems Earnings Call This Week	Pair Corr
0.73	IIIN	Insteel Industries	Pair Corr
0.76	300599	Guangdong Xiongsu	Pair Corr
0.89	OIS	Oil States International	Pair Corr
0.76	GS	Goldman Sachs Group	Pair Corr
0.84	ASML	ASML Holding NV	Pair Corr
0.77	BWAGF	BAWAG Group AG	Pair Corr
0.69	KMFI	The Keller Manufacturing	Pair Corr
0.61	GOOGL	Alphabet Class A Earnings Call This Week	Pair Corr
0.82	NXST	Nexstar Broadcasting	Pair Corr
0.79	LC	LendingClub Corp	Pair Corr
0.73	ACLS	Axcelis Technologies	Pair Corr
0.83	TENX	Tenax Therapeutics	Pair Corr
0.87	SMDRF	Sierra Madre Gold	Pair Corr
0.8	CET	Central Securities	Pair Corr
0.66	SPOFF	Goldspot Discoveries Corp	Pair Corr
0.67	GLASF	Glass House Brands	Pair Corr
0.82	CFTN	Clifton Mining	Pair Corr
0.8	SHTLF	South32 Limited	Pair Corr

Moving against Griffon Stock

0.58

002205

XinJiang GuoTong Pipeline

Pair Corr

Related Correlations Analysis

	SEB	MDU	MYRG	BRC	HAYW	VSEC	EXPO	BBU	KAI	FLY
SEB		0.31	0.42	0.7	0.2	0.42	0.75	0.29	0.46	0.16	SEB
MDU	0.31		0.3	0.14	0.14	0.34	0.1	-0.49	-0.02	-0.06	MDU
MYRG	0.42	0.3		0.51	0.45	0.73	0.52	0.27	0.58	0.58	MYRG
BRC	0.7	0.14	0.51		0.38	0.76	0.7	0.54	0.88	0.65	BRC
HAYW	0.2	0.14	0.45	0.38		0.53	0.38	0.33	0.52	0.34	HAYW
VSEC	0.42	0.34	0.73	0.76	0.53		0.51	0.35	0.82	0.83	VSEC
EXPO	0.75	0.1	0.52	0.7	0.38	0.51		0.44	0.59	0.32	EXPO
BBU	0.29	-0.49	0.27	0.54	0.33	0.35	0.44		0.68	0.49	BBU
KAI	0.46	-0.02	0.58	0.88	0.52	0.82	0.59	0.68		0.8	KAI
FLY	0.16	-0.06	0.58	0.65	0.34	0.83	0.32	0.49	0.8		FLY
	SEB	MDU	MYRG	BRC	HAYW	VSEC	EXPO	BBU	KAI	FLY

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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

KAI	+ 0.88	BRC
FLY	+ 0.83	VSEC
KAI	+ 0.82	VSEC
FLY	+ 0.8	KAI
VSEC	+ 0.76	BRC
EXPO	+ 0.75	SEB

High negative correlations

BBU	- 0.49	MDU
FLY	- 0.06	MDU
KAI	- 0.02	MDU

Risk-Adjusted Indicators

There is a big difference between Griffon Stock performing well and Griffon 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 Griffon'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
SEB	1.67	0.62	0.29	(9.20)	1.29	(1.85)	3.16	(3.13)	10.07
MDU	0.97	0.03	0.00	0.11	1.29	(1.01)	1.79	(2.27)	8.59
MYRG	2.09	0.22	0.09	0.23	2.35	(2.27)	4.48	(4.84)	10.97
BRC	0.95	0.08	0.06	0.20	1.02	(1.08)	2.35	(1.89)	5.12
HAYW	1.18	0.03	0.03	0.10	0.99	(1.80)	2.91	(1.90)	14.48
VSEC	2.06	0.12	0.09	0.13	1.87	(2.53)	4.45	(3.15)	12.12
EXPO	1.25	0.04	0.03	0.10	1.23	(1.49)	2.96	(1.92)	9.28
BBU	1.76	(0.06)	(0.02)	0.02	2.36	(2.04)	3.85	(2.74)	12.10
KAI	1.60	0.02	0.04	0.08	1.69	(1.78)	4.03	(2.93)	10.20
FLY	5.78	0.27	0.05	0.17	6.85	(6.40)	16.02	(13.49)	36.50

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