Masco Correlations

MAS Stock

USD 78.33 1.32 1.71%

The current 90-days correlation between Masco and Trane Technologies plc is 0.43 (i.e., Very weak diversification). The correlation of Masco 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.

Masco Correlation With Market

Weak diversification

The correlation between Masco and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Masco and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Masco Stock please use our How to Invest in Masco guide.

Moving together with Masco Stock

0.92	FBIN	Fortune Brands Innov	Pair Corr
0.76	CSL	Carlisle Companies	Pair Corr
0.63	JELD	Jeld Wen Holding	Pair Corr
0.87	SWIM	Latham Group	Pair Corr
0.86	BLDR	Builders FirstSource	Pair Corr
0.86	CARR	Carrier Global Corp	Pair Corr

Moving against Masco Stock

0.45	AIRJW	Montana Technologies Symbol Change	Pair Corr
0.44	AEHL	Antelope Enterprise	Pair Corr
0.36	AIRJ	Montana Technologies Symbol Change	Pair Corr
0.57	HI	Hillenbrand	Pair Corr
0.45	BE	Bloom Energy Corp Trending	Pair Corr

Related Correlations Analysis

	TT	NX	JELD	AZEK	CARR	LII	OC	JCI	CSL	FBIN
TT		0.67	-0.24	0.73	0.67	0.87	0.92	0.92	0.83	0.26	TT
NX	0.67		-0.44	0.42	0.19	0.64	0.82	0.7	0.51	0.01	NX
JELD	-0.24	-0.44		-0.22	0.46	-0.22	-0.39	-0.51	0.13	0.77	JELD
AZEK	0.73	0.42	-0.22		0.52	0.79	0.66	0.75	0.51	0.13	AZEK
CARR	0.67	0.19	0.46	0.52		0.55	0.44	0.4	0.81	0.76	CARR
LII	0.87	0.64	-0.22	0.79	0.55		0.83	0.81	0.64	0.26	LII
OC	0.92	0.82	-0.39	0.66	0.44	0.83		0.91	0.73	0.09	OC
JCI	0.92	0.7	-0.51	0.75	0.4	0.81	0.91		0.66	-0.06	JCI
CSL	0.83	0.51	0.13	0.51	0.81	0.64	0.73	0.66		0.54	CSL
FBIN	0.26	0.01	0.77	0.13	0.76	0.26	0.09	-0.06	0.54		FBIN
	TT	NX	JELD	AZEK	CARR	LII	OC	JCI	CSL	FBIN

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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

OC	+ 0.92	TT
JCI	+ 0.92	TT
JCI	+ 0.91	OC
LII	+ 0.87	TT
CSL	+ 0.83	TT
OC	+ 0.83	LII

High negative correlations

JCI	- 0.51	JELD
JELD	- 0.44	NX
OC	- 0.39	JELD
JELD	- 0.24	TT
LII	- 0.22	JELD
AZEK	- 0.22	JELD

Risk-Adjusted Indicators

There is a big difference between Masco Stock performing well and Masco 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 Masco'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
TT	1.03	0.18	0.11	0.29	1.24	(1.12)	2.36	(1.84)	6.50
NX	1.98	0.10	0.03	0.21	2.56	(2.28)	4.43	(2.75)	32.55
JELD	2.39	(0.47)	0.00	(0.22)	0.00	0.00	3.93	(5.43)	37.15
AZEK	1.34	0.18	0.10	0.29	1.44	(1.44)	3.56	(2.33)	9.05
CARR	1.21	0.03	0.03	0.11	1.83	(1.32)	2.39	(1.87)	11.86
LII	1.15	0.09	0.03	0.27	1.44	(1.23)	2.59	(2.28)	7.45
OC	1.39	0.20	0.12	0.25	1.48	(1.51)	3.38	(2.45)	10.42
JCI	1.03	0.12	0.16	0.16	0.83	(1.26)	2.49	(1.66)	10.49
CSL	1.26	0.01	0.01	0.09	1.88	(1.38)	2.58	(1.93)	12.15
FBIN	1.30	(0.10)	0.00	(0.05)	0.00	0.00	2.50	(2.72)	10.07

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