Generac Holdings Correlations

GNRC Stock

USD 183.52 3.33 1.85%

The current 90-days correlation between Generac Holdings and Freedom Holding Corp is -0.09 (i.e., Good diversification). The correlation of Generac Holdings 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.

Generac Holdings Correlation With Market

Very weak diversification

The correlation between Generac Holdings and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Generac Holdings 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 Generac Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Generac Stock refer to our How to Trade Generac Stock guide.

Moving together with Generac Stock

0.87	B	Barnes Group	Pair Corr
0.74	BW	Babcock Wilcox Enter	Pair Corr
0.84	CR	Crane Company	Pair Corr
0.82	IR	Ingersoll Rand Sell-off Trend	Pair Corr
0.88	PH	Parker Hannifin	Pair Corr
0.89	EPAC	Enerpac Tool Group	Pair Corr
0.71	FELE	Franklin Electric	Pair Corr
0.77	AME	Ametek Inc	Pair Corr
0.94	CMI	Cummins	Pair Corr
0.87	DCI	Donaldson Earnings Call This Week	Pair Corr
0.79	DOV	Dover	Pair Corr
0.9	EMR	Emerson Electric	Pair Corr
0.85	ETN	Eaton PLC	Pair Corr
0.96	FLS	Flowserve	Pair Corr
0.68	GGG	Graco Inc	Pair Corr
0.69	GHM	Graham	Pair Corr
0.77	GRC	Gorman Rupp	Pair Corr
0.83	IEX	IDEX	Pair Corr
0.77	ITT	ITT Inc	Pair Corr
0.84	ITW	Illinois Tool Works	Pair Corr
0.83	JBT	John Bean Technologies	Pair Corr
0.78	KAI	Kadant Inc	Pair Corr
0.9	MIR	Mirion Technologies	Pair Corr
0.94	MWA	Mueller Water Products Fiscal Year End 11th of December 2024	Pair Corr
0.77	XMTR	Xometry	Pair Corr
0.82	NNE	Nano Nuclear Energy Trending	Pair Corr
0.81	PNR	Pentair PLC	Pair Corr
0.83	ROK	Rockwell Automation	Pair Corr
0.74	RRX	Regal Beloit	Pair Corr
0.86	SMR	Nuscale Power Corp Buyout Trend	Pair Corr

Moving against Generac Stock

0.63	CVV	CVD Equipment	Pair Corr
0.62	RR	Richtech Robotics Class	Pair Corr
0.53	CYD	China Yuchai Interna	Pair Corr
0.47	AOS	Smith AO	Pair Corr
0.42	CXT	Crane NXT	Pair Corr
0.5	XYL	Xylem Inc	Pair Corr
0.5	IVAC	Intevac	Pair Corr

Related Correlations Analysis

	ITW	SCRYX	FRHC	GFL	RGAGX	SVII	GFI	KNF	MRK	WES
ITW		0.83	0.8	0.47	0.88	0.72	0.26	0.88	-0.8	0.0	ITW
SCRYX	0.83		0.71	0.6	0.89	0.61	0.16	0.73	-0.66	-0.15	SCRYX
FRHC	0.8	0.71		0.59	0.84	0.65	0.3	0.85	-0.94	-0.16	FRHC
GFL	0.47	0.6	0.59		0.51	0.4	-0.12	0.31	-0.64	-0.37	GFL
RGAGX	0.88	0.89	0.84	0.51		0.65	0.42	0.86	-0.82	-0.05	RGAGX
SVII	0.72	0.61	0.65	0.4	0.65		0.39	0.73	-0.66	-0.25	SVII
GFI	0.26	0.16	0.3	-0.12	0.42	0.39		0.49	-0.28	-0.01	GFI
KNF	0.88	0.73	0.85	0.31	0.86	0.73	0.49		-0.76	0.07	KNF
MRK	-0.8	-0.66	-0.94	-0.64	-0.82	-0.66	-0.28	-0.76		0.2	MRK
WES	0.0	-0.15	-0.16	-0.37	-0.05	-0.25	-0.01	0.07	0.2		WES
	ITW	SCRYX	FRHC	GFL	RGAGX	SVII	GFI	KNF	MRK	WES

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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

RGAGX	+ 0.89	SCRYX
RGAGX	+ 0.88	ITW
KNF	+ 0.88	ITW
KNF	+ 0.86	RGAGX
KNF	+ 0.85	FRHC
RGAGX	+ 0.84	FRHC

High negative correlations

MRK	- 0.94	FRHC
MRK	- 0.82	RGAGX
MRK	- 0.8	ITW
MRK	- 0.76	KNF
MRK	- 0.66	SVII
MRK	- 0.66	SCRYX

Risk-Adjusted Indicators

There is a big difference between Generac Stock performing well and Generac Holdings 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 Generac Holdings' 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
ITW	0.77	0.07	0.07	0.16	0.64	(0.97)	1.53	(1.33)	4.73
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
FRHC	1.37	0.47	0.25	0.96	1.13	(1.50)	4.02	(2.40)	7.38
GFL	1.23	0.05	0.02	0.15	1.36	(1.32)	2.97	(2.29)	7.37
RGAGX	0.69	0.11	0.02	(1.49)	0.91	(0.71)	1.34	(1.66)	4.40
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
GFI	2.21	(0.15)	0.00	1.25	0.00	0.00	4.52	(5.41)	14.93
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96
MRK	0.83	(0.26)	0.00	(1.64)	0.00	0.00	1.68	(2.13)	4.89
WES	1.05	0.01	(0.04)	0.12	1.39	(1.02)	1.94	(2.16)	5.82

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