Global Industrial Correlations

GIC Stock

USD 27.96 0.03 0.11%

The current 90-days correlation between Global Industrial and Distribution Solutions Group is 0.37 (i.e., Weak diversification). The correlation of Global Industrial 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.

Global Industrial Correlation With Market

Very weak diversification

The correlation between Global Industrial Co and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Industrial Co 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 Global Industrial Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Global Stock

0.89	TRNS	Transcat	Pair Corr
0.67	CP	Canadian Pacific Railway	Pair Corr
0.69	FA	First Advantage Corp	Pair Corr
0.62	GP	GreenPower Motor	Pair Corr

Moving against Global Stock

0.69	AZ	A2Z Smart Technologies	Pair Corr
0.67	WCC	WESCO International	Pair Corr
0.66	SMSMY	Sims Metal Management	Pair Corr
0.63	FAST	Fastenal Fiscal Year End 16th of January 2025	Pair Corr
0.62	DXPE	DXP Enterprises	Pair Corr
0.62	AIT	Applied Industrial	Pair Corr
0.62	BXC	BlueLinx Holdings	Pair Corr
0.61	G	Genpact Limited	Pair Corr
0.59	GWW	WW Grainger	Pair Corr
0.58	BECN	Beacon Roofing Supply	Pair Corr
0.57	R	Ryder System	Pair Corr
0.55	WCC-PA	WESCO International	Pair Corr
0.55	BE	Bloom Energy Corp	Pair Corr
0.52	AL	Air Lease	Pair Corr
0.48	BR	Broadridge Financial	Pair Corr
0.43	WSO	Watsco Inc	Pair Corr
0.41	B	Barnes Group	Pair Corr
0.39	BV	BrightView Holdings	Pair Corr
0.35	J	Jacobs Solutions	Pair Corr
0.69	WM	Waste Management	Pair Corr
0.68	LZ	LegalZoom	Pair Corr
0.63	CR	Crane Company	Pair Corr
0.63	SQ	Block Inc	Pair Corr
0.58	PH	Parker Hannifin	Pair Corr
0.57	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.46	CW	Curtiss Wright	Pair Corr
0.46	PL	Planet Labs PBC	Pair Corr
0.39	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr
0.36	HI	Hillenbrand	Pair Corr
0.35	NL	NL Industries	Pair Corr

Related Correlations Analysis

	DSGR	CNM	AIT	BXC	DXPE	EVI	WSO-B	FERG	MSM
DSGR		0.36	0.59	0.57	0.3	0.75	0.58	0.44	0.61	DSGR
CNM	0.36		0.05	0.11	0.02	0.08	0.12	0.73	0.24	CNM
AIT	0.59	0.05		0.95	0.85	0.65	0.8	0.45	0.66	AIT
BXC	0.57	0.11	0.95		0.86	0.65	0.77	0.55	0.69	BXC
DXPE	0.3	0.02	0.85	0.86		0.28	0.76	0.54	0.66	DXPE
EVI	0.75	0.08	0.65	0.65	0.28		0.44	0.24	0.53	EVI
WSO-B	0.58	0.12	0.8	0.77	0.76	0.44		0.44	0.59	WSO-B
FERG	0.44	0.73	0.45	0.55	0.54	0.24	0.44		0.64	FERG
MSM	0.61	0.24	0.66	0.69	0.66	0.53	0.59	0.64		MSM
	DSGR	CNM	AIT	BXC	DXPE	EVI	WSO-B	FERG	MSM

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Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Industrial 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 Global Industrial'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
DSGR	1.65	(0.19)	(0.01)	0.04	1.97	(1.92)	3.54	(2.89)	18.72
CNM	1.94	(0.31)	0.00	(0.12)	0.00	0.00	3.49	(3.55)	18.95
AIT	1.39	0.22	0.32	0.22	0.73	(1.83)	3.17	(1.63)	15.15
BXC	2.08	0.20	0.14	0.22	2.05	(2.32)	5.33	(3.28)	14.04
DXPE	2.04	0.34	0.23	0.29	1.64	(2.79)	3.89	(2.97)	22.06
EVI	2.71	0.13	0.10	0.17	2.98	(3.06)	6.92	(4.62)	17.71
WSO-B	0.70	0.18	0.00	1.37	0.00	0.00	2.13	0.00	11.25
FERG	1.32	(0.13)	(0.06)	0.01	1.85	(1.26)	2.15	(2.70)	10.59
MSM	1.53	(0.14)	(0.01)	0.05	1.69	(1.69)	3.08	(2.68)	10.99

Global Industrial Corporate Management

Adina Esq	General VP	Profile
Eric Lerner	Senior Vice President General Counsel	Profile
Robert Leeds	Vice Chairman of the Board	Profile
Thomas Axmacher	Vice President Controller	Profile
Lisa Armstrong	Senior Officer	Profile
Chad Lindbloom	Independent Director	Profile
Richard Leeds	Executive Chairman of the Board	Profile

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