ITT Correlations

ITT Stock

USD 207.04 0.09 0.04%

The current 90-days correlation between ITT Inc and Graco Inc is 0.34 (i.e., Weak diversification). The correlation of ITT 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ITT Correlation With Market

Very weak diversification

The correlation between ITT Inc and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ITT Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ITT Stock

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

Moving together with ITT Stock

0.76	0ACC	Accelleron Industries	Pair Corr
0.67	HI	Hillenbrand	Pair Corr
0.73	HY	Hyster Yale Materials Earnings Call This Week	Pair Corr
0.86	IR	Ingersoll Rand	Pair Corr
0.82	PH	Parker Hannifin	Pair Corr
0.86	OSG	OSG Corporation	Pair Corr
0.77	4RX0	ZURN ELKAY WATER	Pair Corr
0.83	EAAS	Eenergy Group PLC	Pair Corr
0.85	STGN	Starrag Group Holding	Pair Corr
0.76	IMI1	IMI plc	Pair Corr
0.86	CE3	Chongqing Machinery	Pair Corr
0.8	HZ8	Insteel Industries	Pair Corr
0.75	DZR	AVINGTRANS LS 05	Pair Corr
0.72	PFV	Pfeiffer Vacuum Tech	Pair Corr

Moving against ITT Stock

0.66	74Z	BOA CEPT SA	Pair Corr
0.66	INRN	Interroll Holding	Pair Corr
0.51	RR	Richtech Robotics Class	Pair Corr
0.34	BRCK	Brickability Group Plc	Pair Corr
0.48	D7G	Nel ASA Earnings Call Tomorrow	Pair Corr
0.57	WAH	WOLFTANK ADISA HLDG	Pair Corr
0.53	7YA	M VEST WATER	Pair Corr
0.53	EPOW	Sunrise New Energy	Pair Corr

Related Correlations Analysis

	GGG	IEX	NDSN	CR	GNRC	JBHT	LECO	CNH
GGG		0.97	0.97	0.6	0.87	0.89	0.98	0.96	GGG
IEX	0.97		0.98	0.63	0.79	0.92	0.97	0.91	IEX
NDSN	0.97	0.98		0.65	0.82	0.88	0.95	0.94	NDSN
CR	0.6	0.63	0.65		0.52	0.69	0.59	0.59	CR
GNRC	0.87	0.79	0.82	0.52		0.7	0.83	0.91	GNRC
JBHT	0.89	0.92	0.88	0.69	0.7		0.92	0.79	JBHT
LECO	0.98	0.97	0.95	0.59	0.83	0.92		0.92	LECO
CNH	0.96	0.91	0.94	0.59	0.91	0.79	0.92		CNH
	GGG	IEX	NDSN	CR	GNRC	JBHT	LECO	CNH

Risk-Adjusted Indicators

There is a big difference between ITT Stock performing well and ITT 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 ITT'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
GGG	0.85	0.18	0.14	0.30	0.90	(0.94)	2.51	(1.86)	6.74
IEX	1.09	0.31	0.30	0.42	0.61	(1.41)	2.68	(1.44)	8.28
NDSN	0.88	0.32	0.31	0.43	0.46	(1.03)	2.48	(1.45)	4.63
CR	1.33	0.08	0.05	0.14	2.20	(1.47)	2.71	(1.99)	15.15
GNRC	2.40	0.65	0.27	0.46	2.08	(2.86)	5.37	(4.12)	20.12
JBHT	1.29	0.37	0.27	0.35	1.07	(1.58)	4.20	(1.35)	9.79
LECO	1.27	0.27	0.22	0.28	1.07	(1.51)	3.71	(2.18)	7.77
CNH	1.61	0.45	0.19	(1.18)	1.37	(1.92)	4.04	(2.66)	9.80

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