Enpro Industries Correlations

NPO Stock

USD 186.74 3.84 2.10%

The current 90-days correlation between Enpro Industries and Helios Technologies is 0.75 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enpro Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enpro Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Enpro Industries Correlation With Market

Average diversification

The correlation between Enpro Industries and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enpro Industries 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 Enpro Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Enpro Stock, please use our How to Invest in Enpro Industries guide.

Moving together with Enpro Stock

0.77	HI	Hillenbrand Earnings Call This Week	Pair Corr
0.61	PH	Parker Hannifin	Pair Corr
0.78	ENOV	Enovis Corp	Pair Corr
0.67	AME	Ametek Inc Earnings Call This Week	Pair Corr
0.86	CMI	Cummins Earnings Call This Week	Pair Corr
0.67	CXT	Crane NXT	Pair Corr
0.88	EMR	Emerson Electric Earnings Call This Week	Pair Corr
0.76	FLS	Flowserve	Pair Corr
0.68	GGG	Graco Inc	Pair Corr
0.81	GHM	Graham Earnings Call This Week	Pair Corr
0.64	ITT	ITT Inc Earnings Call This Week	Pair Corr
0.68	KAI	Kadant Inc	Pair Corr
0.74	MIR	Mirion Technologies	Pair Corr
0.68	MWA	Mueller Water Products Earnings Call This Week	Pair Corr
0.79	PNR	Pentair PLC	Pair Corr
0.91	ROK	Rockwell Automation	Pair Corr
0.67	SXI	Standex International	Pair Corr

Moving against Enpro Stock

0.69	MKDWW	MKDWELL Tech Warrants	Pair Corr
0.58	CYD	China Yuchai Interna	Pair Corr
0.45	BW	Babcock Wilcox Enter Buyout Trend	Pair Corr

Related Correlations Analysis

	HLIO	OFLX	LXFR	HURC	EPAC	GRC	MIDD	KAI	ITT	FELE
HLIO		0.76	0.61	0.62	0.91	0.91	-0.11	0.66	0.73	0.91	HLIO
OFLX	0.76		0.63	0.65	0.76	0.6	-0.16	0.37	0.44	0.71	OFLX
LXFR	0.61	0.63		0.7	0.74	0.69	0.29	0.76	0.69	0.68	LXFR
HURC	0.62	0.65	0.7		0.64	0.64	0.25	0.67	0.72	0.66	HURC
EPAC	0.91	0.76	0.74	0.64		0.89	0.08	0.71	0.8	0.93	EPAC
GRC	0.91	0.6	0.69	0.64	0.89		0.06	0.83	0.86	0.94	GRC
MIDD	-0.11	-0.16	0.29	0.25	0.08	0.06		0.32	0.29	0.1	MIDD
KAI	0.66	0.37	0.76	0.67	0.71	0.83	0.32		0.89	0.79	KAI
ITT	0.73	0.44	0.69	0.72	0.8	0.86	0.29	0.89		0.86	ITT
FELE	0.91	0.71	0.68	0.66	0.93	0.94	0.1	0.79	0.86		FELE
	HLIO	OFLX	LXFR	HURC	EPAC	GRC	MIDD	KAI	ITT	FELE

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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

FELE	+ 0.94	GRC
FELE	+ 0.93	EPAC
EPAC	+ 0.91	HLIO
GRC	+ 0.91	HLIO
FELE	+ 0.91	HLIO
GRC	+ 0.89	EPAC

High negative correlations

MIDD	- 0.16	OFLX
MIDD	- 0.11	HLIO

Risk-Adjusted Indicators

There is a big difference between Enpro Stock performing well and Enpro Industries 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 Enpro Industries' 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
HLIO	1.63	(0.12)	0.00	(0.20)	0.00	0.00	3.93	(3.61)	19.42
OFLX	1.80	(0.28)	0.00	(0.69)	0.00	0.00	3.54	(3.06)	13.58
LXFR	1.79	0.23	0.09	1.90	1.79	(2.09)	3.55	(3.00)	18.90
HURC	1.99	0.03	0.00	0.11	2.19	(2.07)	4.27	(3.42)	14.38
EPAC	1.39	(0.04)	(0.04)	0.01	1.69	(1.46)	2.35	(2.90)	13.10
GRC	1.33	0.01	(0.01)	0.10	1.78	(1.36)	2.35	(2.56)	14.03
MIDD	1.43	0.34	0.15	1.22	1.53	(1.62)	3.06	(1.78)	15.86
KAI	1.51	0.20	0.10	0.34	1.62	(1.76)	3.28	(3.18)	11.67
ITT	1.06	(0.01)	(0.03)	0.06	1.53	(1.01)	2.52	(2.71)	9.57
FELE	1.15	(0.08)	0.00	(0.08)	0.00	0.00	2.20	(2.14)	13.66

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