ITT Correlations

ITT Stock

USD 182.30 2.43 1.32%

The current 90-days correlation between ITT Inc and Graco Inc is 0.25 (i.e., Modest 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

Good diversification

The correlation between ITT Inc and DJI is -0.08 (i.e., Good 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 various price indices.

Moving against ITT Stock

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Related Correlations Analysis

	GGG	IEX	NDSN	CR	GNRC	JBHT	LECO	CNH	DCI	WTS
GGG		0.96	0.95	0.63	0.32	0.84	0.94	0.58	0.94	0.95	GGG
IEX	0.96		0.95	0.6	0.27	0.88	0.96	0.53	0.96	0.94	IEX
NDSN	0.95	0.95		0.63	0.3	0.78	0.9	0.65	0.92	0.95	NDSN
CR	0.63	0.6	0.63		0.37	0.58	0.6	0.62	0.54	0.65	CR
GNRC	0.32	0.27	0.3	0.37		0.03	0.32	0.71	0.22	0.29	GNRC
JBHT	0.84	0.88	0.78	0.58	0.03		0.89	0.23	0.84	0.8	JBHT
LECO	0.94	0.96	0.9	0.6	0.32	0.89		0.5	0.91	0.9	LECO
CNH	0.58	0.53	0.65	0.62	0.71	0.23	0.5		0.47	0.62	CNH
DCI	0.94	0.96	0.92	0.54	0.22	0.84	0.91	0.47		0.9	DCI
WTS	0.95	0.94	0.95	0.65	0.29	0.8	0.9	0.62	0.9		WTS
	GGG	IEX	NDSN	CR	GNRC	JBHT	LECO	CNH	DCI	WTS

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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	0.87	0.06	0.05	0.09	1.11	(0.88)	2.46	(1.86)	6.74
IEX	1.01	0.22	0.22	0.22	0.73	(1.20)	2.68	(1.79)	6.54
NDSN	0.83	0.18	0.18	0.23	0.71	(0.91)	2.33	(1.31)	4.63
CR	1.32	(0.11)	0.00	(0.04)	0.00	0.00	2.28	(2.32)	15.15
GNRC	2.42	(0.24)	0.00	(0.06)	0.00	0.00	4.15	(5.41)	10.93
JBHT	1.14	0.26	0.24	0.28	0.84	(1.40)	3.32	(1.54)	6.61
LECO	1.22	0.09	0.07	0.09	1.51	(1.30)	2.53	(2.84)	7.77
CNH	1.60	(0.06)	(0.02)	0.00	1.87	(1.83)	4.04	(2.89)	8.25
DCI	1.12	0.27	0.24	0.30	0.80	(1.28)	2.27	(1.74)	9.29
WTS	1.07	0.08	0.06	0.10	1.37	(1.28)	2.75	(1.61)	9.37

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ITT Correlations

ITT Correlation With Market

Good diversification

Moving against ITT Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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