Griffon Correlations

GFF Stock

USD 87.77 1.75 1.95%

The current 90-days correlation between Griffon and Seaboard is 0.27 (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 0.85 (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

0.96	NX	Quanex Building Products	Pair Corr
0.98	OC	Owens Corning	Pair Corr
0.8	LXI	Lennox International	Pair Corr
0.73	GWA	GWA Group	Pair Corr
0.84	75L	TAIKISHA LTD	Pair Corr
0.66	52SA	SYSTEMAIR AB	Pair Corr
0.89	FAN	Volution Group plc	Pair Corr
0.84	VO1	Volution Group plc	Pair Corr
0.85	LFPB	TRAVIS PERKINS LS	Pair Corr
0.71	ANP	Apogee Enterprises	Pair Corr
0.84	FBIN	Fortune Brands Innov	Pair Corr
0.84	6DA	Advanced Drainage Systems	Pair Corr
0.94	AOS	Smith AO	Pair Corr
0.83	APT	Alpha Pro Tech	Pair Corr
0.7	AWI	Armstrong World Indu Earnings Call This Week	Pair Corr
0.64	CNR	Core Natural Resources	Pair Corr
0.71	JCI	Johnson Controls Int	Pair Corr
0.86	LII	Lennox International	Pair Corr
0.96	MAS	Masco	Pair Corr
0.96	SSD	Simpson Manufacturing	Pair Corr
0.94	WMS	Advanced Drainage Systems	Pair Corr
0.77	ZWS	Zurn Elkay Water	Pair Corr
0.73	B1F	Builders FirstSource	Pair Corr
0.72	2FB	Fortune Brands Home	Pair Corr
0.8	APL	Alpha Pro Tech	Pair Corr

Moving against Griffon Stock

0.75	2VI	Arlo Technologies Earnings Call This Week	Pair Corr
0.68	L5E	Lindab International	Pair Corr
0.82	NCL	Northann Corp	Pair Corr
0.51	DKI	Daikin IndustriesLtd	Pair Corr

Related Correlations Analysis

	SEB	MDU	MYRG	BRC	HAYW	VSEC	EXPO	BBU	KAI	FLY
SEB		0.49	0.85	0.89	0.64	0.66	0.2	0.4	0.84	0.15	SEB
MDU	0.49		0.4	0.38	0.41	0.5	-0.12	-0.28	0.29	0.06	MDU
MYRG	0.85	0.4		0.89	0.61	0.78	0.15	0.41	0.85	0.32	MYRG
BRC	0.89	0.38	0.89		0.64	0.73	0.11	0.39	0.88	0.19	BRC
HAYW	0.64	0.41	0.61	0.64		0.69	0.5	0.48	0.74	0.34	HAYW
VSEC	0.66	0.5	0.78	0.73	0.69		0.28	0.36	0.83	0.64	VSEC
EXPO	0.2	-0.12	0.15	0.11	0.5	0.28		0.52	0.4	0.45	EXPO
BBU	0.4	-0.28	0.41	0.39	0.48	0.36	0.52		0.62	0.39	BBU
KAI	0.84	0.29	0.85	0.88	0.74	0.83	0.4	0.62		0.52	KAI
FLY	0.15	0.06	0.32	0.19	0.34	0.64	0.45	0.39	0.52		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

BRC	+ 0.89	SEB
BRC	+ 0.89	MYRG
KAI	+ 0.88	BRC
MYRG	+ 0.85	SEB
KAI	+ 0.85	MYRG
KAI	+ 0.84	SEB

High negative correlations

BBU	- 0.28	MDU
EXPO	- 0.12	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	1.64	0.31	0.10	(11.79)	2.23	(1.61)	3.16	(3.24)	13.15
MDU	0.93	(0.05)	0.00	(0.03)	0.00	0.00	1.79	(2.55)	6.79
MYRG	2.13	0.28	0.11	0.29	2.40	(2.28)	4.31	(4.02)	12.17
BRC	0.93	0.30	0.23	0.71	0.89	(1.09)	2.35	(2.18)	5.12
HAYW	1.14	(0.02)	0.00	0.04	1.12	(1.63)	3.15	(1.90)	8.28
VSEC	2.47	0.40	0.15	0.28	2.84	(2.97)	5.27	(3.25)	21.74
EXPO	1.58	(0.08)	(0.01)	0.01	2.04	(1.77)	2.96	(2.80)	19.05
BBU	1.84	0.11	0.06	0.13	2.10	(2.16)	4.10	(2.76)	12.10
KAI	1.59	0.26	0.17	0.20	1.39	(1.81)	3.89	(2.91)	10.59
FLY	6.10	0.10	0.03	0.08	7.42	(6.05)	12.30	(12.87)	36.50

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