Graco Correlations

GGG Stock

USD 94.67 0.39 0.41%

The current 90-days correlation between Graco Inc and Franklin Electric Co is 0.75 (i.e., Poor diversification). The correlation of Graco 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.

Graco Correlation With Market

Very poor diversification

The correlation between Graco Inc and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graco Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Graco Stock

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

Moving together with Graco Stock

0.83	0ACC	Accelleron Industries	Pair Corr
0.68	FUCA	FANUC PUNSPADR 110	Pair Corr
0.85	HI	Hillenbrand	Pair Corr
0.85	HY	Hyster Yale Materials	Pair Corr
0.98	IR	Ingersoll Rand	Pair Corr
0.95	PH	Parker Hannifin	Pair Corr
0.66	PL	Planet Labs PBC	Pair Corr
0.62	TE	T1 Energy Symbol Change	Pair Corr
0.95	OSG	OSG Corporation	Pair Corr
0.78	21T	Bodycote PLC	Pair Corr
0.66	JUN3	Jungheinrich AG ONVZO	Pair Corr
0.68	MBH3	Maschinenfabrik Berthold	Pair Corr
0.66	NVJP	Umicore SA Earnings Call This Week	Pair Corr
0.83	EAAS	Eenergy Group PLC	Pair Corr
0.66	STGN	Starrag Group Holding	Pair Corr
0.92	IMI1	IMI plc	Pair Corr
0.86	HZ8	Insteel Industries	Pair Corr
0.86	DZR	AVINGTRANS LS 05 Earnings Call Next Week	Pair Corr
0.68	TWN	Twin Disc	Pair Corr
0.73	NDX1	Nordex SE	Pair Corr
0.89	PFV	Pfeiffer Vacuum Tech	Pair Corr

Moving against Graco Stock

0.75	INRN	Interroll Holding	Pair Corr
0.75	FQ4	OCEAN GEOLOOP AS	Pair Corr
0.54	D7G	Nel ASA	Pair Corr
0.43	WATR	Current Water Techno	Pair Corr
0.78	EPOW	Sunrise New Energy	Pair Corr
0.69	7YA	M VEST WATER	Pair Corr

Related Correlations Analysis

	FELE	AME	FLS	DCI	IEX	ITT	IR	CR	PH	PNR
FELE		0.92	0.92	0.91	0.92	0.69	0.94	0.6	0.93	-0.44	FELE
AME	0.92		0.93	0.95	0.97	0.6	0.94	0.56	0.96	-0.38	AME
FLS	0.92	0.93		0.97	0.95	0.71	0.96	0.58	0.94	-0.39	FLS
DCI	0.91	0.95	0.97		0.98	0.66	0.97	0.59	0.95	-0.4	DCI
IEX	0.92	0.97	0.95	0.98		0.62	0.98	0.58	0.97	-0.4	IEX
ITT	0.69	0.6	0.71	0.66	0.62		0.7	0.31	0.58	-0.42	ITT
IR	0.94	0.94	0.96	0.97	0.98	0.7		0.58	0.96	-0.49	IR
CR	0.6	0.56	0.58	0.59	0.58	0.31	0.58		0.68	0.01	CR
PH	0.93	0.96	0.94	0.95	0.97	0.58	0.96	0.68		-0.38	PH
PNR	-0.44	-0.38	-0.39	-0.4	-0.4	-0.42	-0.49	0.01	-0.38		PNR
	FELE	AME	FLS	DCI	IEX	ITT	IR	CR	PH	PNR

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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

IEX	+ 0.98	DCI
IR	+ 0.98	IEX
IEX	+ 0.97	AME
DCI	+ 0.97	FLS
IR	+ 0.97	DCI
PH	+ 0.97	IEX

High negative correlations

PNR	- 0.49	IR
PNR	- 0.44	FELE
PNR	- 0.42	ITT
PNR	- 0.4	IEX
PNR	- 0.4	DCI
PNR	- 0.39	FLS

Risk-Adjusted Indicators

There is a big difference between Graco Stock performing well and Graco 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 Graco'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
FELE	1.07	0.15	0.14	0.19	0.94	(1.26)	2.56	(1.73)	6.31
AME	0.90	0.17	0.17	0.25	0.77	(1.05)	1.87	(1.34)	6.22
FLS	1.23	0.31	0.25	0.27	0.98	(1.47)	2.55	(1.96)	8.26
DCI	1.18	0.29	0.26	0.38	0.74	(1.43)	2.43	(1.74)	9.31
IEX	1.11	0.28	0.25	0.35	0.75	(1.36)	2.68	(1.54)	8.28
ITT	1.20	0.06	0.02	0.13	1.60	(1.21)	2.39	(2.11)	12.02
IR	1.62	0.28	0.20	0.23	1.32	(1.98)	4.57	(2.53)	8.77
CR	1.38	0.00	0.01	0.06	2.36	(1.44)	2.71	(2.22)	15.15
PH	0.98	0.20	0.19	0.26	0.81	(1.10)	2.41	(1.56)	5.24
PNR	1.28	(0.17)	0.00	(0.07)	0.00	0.00	2.77	(2.66)	13.49

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