Jeld Wen Correlations
JELD Stock | USD 9.50 0.15 1.60% |
The current 90-days correlation between Jeld Wen Holding and Quanex Building Products is 0.31 (i.e., Weak diversification). The correlation of Jeld Wen 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.
Jeld Wen Correlation With Market
Very good diversification
The correlation between Jeld Wen Holding and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jeld Wen Holding and DJI in the same portfolio, assuming nothing else is changed.
Jeld |
Moving together with Jeld Stock
0.66 | NX | Quanex Building Products | PairCorr |
0.95 | FBIN | Fortune Brands Innov | PairCorr |
0.73 | CSL | Carlisle Companies | PairCorr |
0.76 | JBI | Janus International Buyout Trend | PairCorr |
0.87 | MAS | Masco | PairCorr |
0.89 | WMS | Advanced Drainage Systems | PairCorr |
0.64 | ILAG | Intelligent Living | PairCorr |
0.84 | AEHL | Antelope Enterprise | PairCorr |
0.92 | ASPN | Aspen Aerogels | PairCorr |
0.79 | BLDR | Builders FirstSource | PairCorr |
0.79 | CARR | Carrier Global Corp Sell-off Trend | PairCorr |
Moving against Jeld Stock
0.77 | AIRJW | Montana Technologies Symbol Change | PairCorr |
0.58 | LMB | Limbach Holdings | PairCorr |
0.51 | PPIH | Perma Pipe Internati | PairCorr |
0.49 | AAON | AAON Inc | PairCorr |
0.48 | JCI | Johnson Controls Int | PairCorr |
0.35 | LII | Lennox International | PairCorr |
0.34 | LPX | Louisiana Pacific | PairCorr |
0.31 | AWI | Armstrong World Indu | PairCorr |
0.85 | AZ | A2Z Smart Technologies | PairCorr |
0.77 | B | Barnes Group Earnings Call This Week | PairCorr |
0.76 | BE | Bloom Energy Corp | PairCorr |
0.72 | AIRJ | Montana Technologies Symbol Change | PairCorr |
0.66 | G | Genpact Limited | PairCorr |
0.6 | AL | Air Lease | PairCorr |
0.6 | BR | Broadridge Financial | PairCorr |
0.59 | R | Ryder System | PairCorr |
0.54 | AP | Ampco Pittsburgh | PairCorr |
0.54 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
0.47 | AZEK | Azek Company | PairCorr |
0.35 | TREX | Trex Company | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Jeld Stock performing well and Jeld Wen 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 Jeld Wen'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ROCK | 1.40 | (0.11) | 0.00 | (0.16) | 0.00 | 3.40 | 10.27 | |||
NX | 1.89 | (0.24) | 0.00 | (0.36) | 0.00 | 4.11 | 12.44 | |||
PPIH | 2.69 | 0.19 | 0.06 | 0.20 | 2.97 | 9.47 | 23.94 | |||
TILE | 2.01 | 0.43 | 0.23 | 1.33 | 1.59 | 3.44 | 38.17 | |||
JBI | 2.25 | (0.41) | 0.00 | (0.60) | 0.00 | 3.06 | 32.77 | |||
PGTI | 1.33 | 0.11 | 0.08 | (2.26) | 1.38 | 2.49 | 9.02 | |||
APOG | 1.68 | (0.50) | 0.00 | (0.44) | 0.00 | 3.11 | 24.74 | |||
AWI | 1.01 | 0.13 | 0.10 | 0.20 | 1.12 | 1.97 | 8.34 |