Graham Correlations

GHM Stock

USD 46.26 1.84 4.14%

The current 90-days correlation between Graham and Luxfer Holdings PLC is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Graham moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Graham moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Graham Correlation With Market

Modest diversification

The correlation between Graham and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graham and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Graham Stock, please use our How to Invest in Graham guide.

Moving together with Graham Stock

0.78	HI	Hillenbrand Earnings Call This Week	Pair Corr
0.65	ENOV	Enovis Corp	Pair Corr
0.78	CMI	Cummins Earnings Call This Week	Pair Corr
0.73	CXT	Crane NXT	Pair Corr
0.8	EMR	Emerson Electric Earnings Call This Week	Pair Corr
0.84	FLS	Flowserve	Pair Corr
0.7	MIR	Mirion Technologies	Pair Corr
0.75	XMTR	Xometry	Pair Corr
0.65	NNE	Nano Nuclear Energy Buyout Trend	Pair Corr
0.8	NPO	Enpro Industries	Pair Corr
0.71	ROK	Rockwell Automation	Pair Corr

Moving against Graham Stock

0.77	MKDWW	MKDWELL Tech Warrants	Pair Corr
0.69	BW	Babcock Wilcox Enter Buyout Trend	Pair Corr
0.62	AOS	Smith AO	Pair Corr
0.42	CYD	China Yuchai Interna	Pair Corr
0.33	TNC	Tennant Company	Pair Corr

Related Correlations Analysis

	LXFR	EPAC	KAI	OFLX	HLIO	NPO	HURC	GRC
LXFR		0.7	0.74	0.63	0.6	0.26	0.72	0.68	LXFR
EPAC	0.7		0.7	0.71	0.86	0.35	0.63	0.88	EPAC
KAI	0.74	0.7		0.39	0.66	0.66	0.68	0.83	KAI
OFLX	0.63	0.71	0.39		0.77	-0.24	0.64	0.6	OFLX
HLIO	0.6	0.86	0.66	0.77		0.33	0.61	0.9	HLIO
NPO	0.26	0.35	0.66	-0.24	0.33		0.21	0.59	NPO
HURC	0.72	0.63	0.68	0.64	0.61	0.21		0.64	HURC
GRC	0.68	0.88	0.83	0.6	0.9	0.59	0.64		GRC
	LXFR	EPAC	KAI	OFLX	HLIO	NPO	HURC	GRC

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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

GRC	+ 0.9	HLIO
GRC	+ 0.88	EPAC
HLIO	+ 0.86	EPAC
GRC	+ 0.83	KAI
HLIO	+ 0.77	OFLX
KAI	+ 0.74	LXFR

High negative correlations

NPO

- 0.24

OFLX

Risk-Adjusted Indicators

There is a big difference between Graham Stock performing well and Graham 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 Graham'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
LXFR	1.82	0.27	0.10	2.13	1.78	(2.10)	3.55	(3.00)	18.90
EPAC	1.39	(0.03)	(0.05)	0.02	1.69	(1.46)	2.35	(2.90)	13.10
KAI	1.52	0.20	0.10	0.35	1.62	(1.78)	3.28	(3.18)	11.67
OFLX	1.78	(0.34)	0.00	(0.76)	0.00	0.00	3.54	(3.06)	13.58
HLIO	1.66	(0.09)	0.00	(0.11)	0.00	0.00	3.93	(3.61)	19.42
NPO	1.39	0.31	0.15	0.78	1.45	(1.51)	2.56	(2.11)	17.55
HURC	1.98	0.05	0.01	0.17	2.20	(2.03)	4.27	(3.42)	14.38
GRC	1.34	0.01	(0.02)	0.10	1.78	(1.36)	2.35	(2.56)	14.03

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