Helios Technologies Correlations

HLIO Stock

USD 53.08 0.77 1.47%

The current 90-days correlation between Helios Technologies and Enpro Industries is 0.77 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Helios Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helios Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Helios Technologies Correlation With Market

Poor diversification

The correlation between Helios Technologies and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Helios Technologies 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 Helios Technologies. 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.

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

Moving together with Helios Stock

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

Moving against Helios Stock

0.71	RR	Richtech Robotics Class	Pair Corr
0.7	CVV	CVD Equipment	Pair Corr
0.42	CYD	China Yuchai Interna	Pair Corr
0.35	AOS	Smith AO	Pair Corr
0.46	IVAC	Intevac	Pair Corr
0.42	XYL	Xylem Inc	Pair Corr

Related Correlations Analysis

	NPO	OFLX	LXFR	HURC	EPAC	GRC	KAI	TNC	FELE	CIR
NPO		0.35	0.44	0.4	0.54	0.84	0.75	-0.02	0.8	0.31	NPO
OFLX	0.35		0.82	0.6	0.8	0.63	0.72	-0.36	0.53	0.61	OFLX
LXFR	0.44	0.82		0.85	0.89	0.68	0.82	-0.62	0.56	0.87	LXFR
HURC	0.4	0.6	0.85		0.77	0.57	0.63	-0.55	0.53	0.83	HURC
EPAC	0.54	0.8	0.89	0.77		0.83	0.9	-0.54	0.69	0.87	EPAC
GRC	0.84	0.63	0.68	0.57	0.83		0.9	-0.18	0.86	0.58	GRC
KAI	0.75	0.72	0.82	0.63	0.9	0.9		-0.51	0.69	0.7	KAI
TNC	-0.02	-0.36	-0.62	-0.55	-0.54	-0.18	-0.51		0.05	-0.68	TNC
FELE	0.8	0.53	0.56	0.53	0.69	0.86	0.69	0.05		0.46	FELE
CIR	0.31	0.61	0.87	0.83	0.87	0.58	0.7	-0.68	0.46		CIR
	NPO	OFLX	LXFR	HURC	EPAC	GRC	KAI	TNC	FELE	CIR

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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

KAI	+ 0.9	EPAC
KAI	+ 0.9	GRC
EPAC	+ 0.89	LXFR
CIR	+ 0.87	LXFR
CIR	+ 0.87	EPAC
FELE	+ 0.86	GRC

High negative correlations

CIR	- 0.68	TNC
TNC	- 0.62	LXFR
TNC	- 0.55	HURC
TNC	- 0.54	EPAC
TNC	- 0.51	KAI
TNC	- 0.36	OFLX

Risk-Adjusted Indicators

There is a big difference between Helios Stock performing well and Helios Technologies 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 Helios Technologies' 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
NPO	1.49	0.01	0.08	0.12	1.71	(1.59)	3.40	(2.30)	13.16
OFLX	1.64	(0.05)	0.02	0.09	1.71	(1.86)	3.46	(2.69)	11.00
LXFR	1.87	0.41	0.22	0.54	1.51	(2.45)	3.72	(2.67)	16.99
HURC	1.83	0.41	0.19	0.76	1.46	(2.16)	4.37	(3.00)	18.87
EPAC	1.17	0.12	0.14	0.20	1.06	(1.36)	2.84	(1.91)	12.71
GRC	1.34	(0.05)	0.04	0.09	1.50	(1.49)	2.41	(2.42)	11.59
KAI	1.57	0.23	0.20	0.24	1.35	(1.87)	4.01	(2.24)	9.31
TNC	1.32	(0.25)	0.00	(0.03)	0.00	0.00	2.56	(2.88)	12.40
FELE	1.19	(0.08)	0.01	0.08	1.44	(1.37)	2.34	(1.54)	11.41
CIR	2.74	1.22	0.71	(7.97)	0.48	(3.80)	7.45	(2.85)	51.68

Helios Technologies Corporate Management

Marc Greenberg	General Secretary	Profile
Cariappa Chenanda	Independent Director	Profile
Jason Morgan	President - Cartridge Valve Technology	Profile
Marc Bertoneche	Independent Director	Profile
Jonathan Kaufmann	Chief Design	Profile
Nicholas Kaufmann	Chief Innovation	Profile

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