Gorman Rupp Correlations

GRC Stock

USD 52.87 1.09 2.11%

The current 90-days correlation between Gorman Rupp and China Yuchai International is 0.06 (i.e., Significant diversification). The correlation of Gorman Rupp 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.

Gorman Rupp Correlation With Market

Very weak diversification

The correlation between Gorman Rupp and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gorman Rupp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gorman Stock

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

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

Moving together with Gorman Stock

0.73	600765	AVIC Heavy Machinery	Pair Corr
0.81	RFG	Roebuck Food Group	Pair Corr
0.75	DOV	Dover	Pair Corr
0.77	PRV	Porvair plc	Pair Corr
0.67	300629	King Strong New	Pair Corr
0.74	MGAM	Morgan Advanced Materials	Pair Corr

Moving against Gorman Stock

0.62	WATR	Current Water Techno	Pair Corr
0.36	EML	Eastern	Pair Corr
0.65	002786	Shenzhen Silver Basis	Pair Corr
0.58	301048	Gemac Engineering	Pair Corr
0.46	300823	Tjk Machinery Tianjin	Pair Corr
0.33	002021	Zoje Resources Investment	Pair Corr
0.56	CTEK	CLEANTEK Industries	Pair Corr
0.54	002855	Dongguan Chitwing	Pair Corr
0.52	600243	Qinghaihuading Industrial	Pair Corr
0.46	MNTS	Momentus	Pair Corr
0.32	QST	Questor Technology	Pair Corr
0.31	KITT	Nauticus Robotics	Pair Corr

Related Correlations Analysis

	CYD	LNN	THR	TNC	BLDP	CCEC	ASTE	CRAI	GIC	HSII
CYD		0.11	0.23	0.27	0.13	-0.08	0.48	0.45	0.05	0.04	CYD
LNN	0.11		0.03	0.51	0.01	0.52	0.51	0.38	0.69	-0.03	LNN
THR	0.23	0.03		-0.39	-0.81	-0.45	-0.05	0.65	-0.39	0.89	THR
TNC	0.27	0.51	-0.39		0.46	0.7	0.88	0.26	0.8	-0.58	TNC
BLDP	0.13	0.01	-0.81	0.46		0.43	0.26	-0.52	0.28	-0.86	BLDP
CCEC	-0.08	0.52	-0.45	0.7	0.43		0.53	0.01	0.76	-0.49	CCEC
ASTE	0.48	0.51	-0.05	0.88	0.26	0.53		0.53	0.65	-0.31	ASTE
CRAI	0.45	0.38	0.65	0.26	-0.52	0.01	0.53		0.18	0.45	CRAI
GIC	0.05	0.69	-0.39	0.8	0.28	0.76	0.65	0.18		-0.42	GIC
HSII	0.04	-0.03	0.89	-0.58	-0.86	-0.49	-0.31	0.45	-0.42		HSII
	CYD	LNN	THR	TNC	BLDP	CCEC	ASTE	CRAI	GIC	HSII

Please upgrade your account to get full access to Macroaxis premium features

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

HSII	+ 0.89	THR
ASTE	+ 0.88	TNC
GIC	+ 0.8	TNC
GIC	+ 0.76	CCEC
CCEC	+ 0.7	TNC
GIC	+ 0.69	LNN

High negative correlations

HSII	- 0.86	BLDP
BLDP	- 0.81	THR
HSII	- 0.58	TNC
CRAI	- 0.52	BLDP
HSII	- 0.49	CCEC
CCEC	- 0.45	THR

Risk-Adjusted Indicators

There is a big difference between Gorman Stock performing well and Gorman Rupp 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 Gorman Rupp'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
CYD	2.45	0.15	0.06	0.21	2.56	(2.65)	6.61	(4.61)	14.47
LNN	1.46	(0.15)	0.00	(0.06)	0.00	0.00	2.78	(4.31)	8.26
THR	1.80	0.62	0.36	0.63	1.30	(2.25)	3.70	(2.70)	15.73
TNC	1.10	(0.11)	(0.05)	0.02	1.52	(1.11)	3.28	(1.84)	7.13
BLDP	2.61	(0.58)	0.00	(0.13)	0.00	0.00	4.88	(5.88)	22.56
CCEC	1.64	(0.14)	0.00	(0.18)	0.00	0.00	3.21	(3.83)	8.72
ASTE	1.58	(0.01)	0.03	0.09	1.66	(1.73)	3.65	(2.82)	7.52
CRAI	1.38	0.23	0.14	0.35	1.43	(1.55)	3.15	(2.29)	8.52
GIC	1.13	(0.15)	0.00	(0.06)	0.00	0.00	2.63	(1.69)	19.88
HSII	0.80	0.24	0.18	0.97	0.30	(0.86)	0.90	(1.41)	19.72

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC