Oshkosh Correlations

OSK Stock

USD 95.87 1.35 1.43%

The current 90-days correlation between Oshkosh and Terex is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oshkosh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oshkosh moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oshkosh Correlation With Market

Modest diversification

The correlation between Oshkosh and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oshkosh and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Oshkosh Stock

0.91	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.93	MTW	Manitowoc	Pair Corr
0.91	TEX	Terex	Pair Corr
0.82	WNC	Wabash National	Pair Corr
0.88	GENC	Gencor Industries	Pair Corr
0.71	XOS	Xos Inc	Pair Corr
0.86	SHYF	Shyft Group	Pair Corr
0.72	UGRO	Urban Gro	Pair Corr
0.7	J	Jacobs Solutions	Pair Corr
0.69	BV	BrightView Holdings	Pair Corr

Moving against Oshkosh Stock

0.57	MNTX	Manitex International	Pair Corr
0.42	REVG	Rev Group	Pair Corr
0.84	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.8	CEAD	CEA Industries	Pair Corr
0.74	B	Barnes Group Earnings Call This Week	Pair Corr
0.57	AP	Ampco Pittsburgh	Pair Corr
0.31	ARTW	Arts Way Manufacturing	Pair Corr

Related Correlations Analysis

	TEX	ASTE	HY	MNTX	MTW	ALG	WNC	SHYF	TWI	CNHI
TEX		0.33	0.68	-0.73	0.85	0.21	0.72	0.71	0.26	0.36	TEX
ASTE	0.33		-0.37	0.14	0.68	0.92	0.81	0.72	0.5	0.49	ASTE
HY	0.68	-0.37		-0.78	0.28	-0.44	0.15	0.11	0.04	0.17	HY
MNTX	-0.73	0.14	-0.78		-0.47	0.19	-0.34	-0.37	0.0	0.02	MNTX
MTW	0.85	0.68	0.28	-0.47		0.51	0.87	0.85	0.43	0.4	MTW
ALG	0.21	0.92	-0.44	0.19	0.51		0.7	0.64	0.4	0.38	ALG
WNC	0.72	0.81	0.15	-0.34	0.87	0.7		0.79	0.51	0.53	WNC
SHYF	0.71	0.72	0.11	-0.37	0.85	0.64	0.79		0.34	0.29	SHYF
TWI	0.26	0.5	0.04	0.0	0.43	0.4	0.51	0.34		0.55	TWI
CNHI	0.36	0.49	0.17	0.02	0.4	0.38	0.53	0.29	0.55		CNHI
	TEX	ASTE	HY	MNTX	MTW	ALG	WNC	SHYF	TWI	CNHI

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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

ALG	+ 0.92	ASTE
WNC	+ 0.87	MTW
MTW	+ 0.85	TEX
SHYF	+ 0.85	MTW
WNC	+ 0.81	ASTE
SHYF	+ 0.79	WNC

High negative correlations

MNTX	- 0.78	HY
MNTX	- 0.73	TEX
MTW	- 0.47	MNTX
ALG	- 0.44	HY
SHYF	- 0.37	MNTX
HY	- 0.37	ASTE

Risk-Adjusted Indicators

There is a big difference between Oshkosh Stock performing well and Oshkosh 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 Oshkosh'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
TEX	1.74	(0.21)	0.00	(0.25)	0.00	0.00	2.76	(3.93)	16.47
ASTE	1.72	0.11	0.07	0.15	1.69	(2.14)	2.89	(2.45)	18.86
HY	1.68	(0.34)	0.00	0.40	0.00	0.00	3.18	(3.69)	17.87
MNTX	0.22	0.04	0.12	(12.35)	0.08	(0.32)	0.71	(0.35)	1.74
MTW	2.31	(0.05)	0.00	(0.04)	0.00	0.00	5.49	(4.01)	20.32
ALG	1.31	0.05	0.03	0.21	1.55	(1.33)	2.28	(2.40)	13.75
WNC	1.83	(0.19)	0.00	(0.43)	0.00	0.00	3.03	(4.07)	12.44
SHYF	2.61	0.12	0.03	0.06	3.33	(2.81)	5.85	(5.28)	20.78
TWI	3.13	0.15	0.04	3.73	3.89	(3.85)	6.16	(5.17)	41.41
CNHI	1.36	0.02	0.01	(0.16)	1.61	(1.63)	3.13	(2.33)	12.09

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