Preformed Line Correlations

PLPC Stock

USD 261.49 2.18 0.84%

The current 90-days correlation between Preformed Line Products and Barrett Business Services is 0.08 (i.e., Significant diversification). The correlation of Preformed Line 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.

Preformed Line Correlation With Market

Very poor diversification

The correlation between Preformed Line Products and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Preformed Line Products and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Preformed Stock

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

Moving together with Preformed Stock

0.86	ST	Sensata Technologies	Pair Corr
0.95	P4L	PREFORMED LINE PROD	Pair Corr
0.88	VICR	Vicor Tech Boost	Pair Corr
0.66	4LG	LANDISGYR GROUP AG	Pair Corr
0.7	ELVA	Electrovaya	Pair Corr
0.73	WATT	Energous Tech Boost	Pair Corr
0.68	ELVA	Electrovaya	Pair Corr
0.64	ALDBT	DBT SA	Pair Corr
0.93	AME	Ametek Inc	Pair Corr
0.94	EMR	Emerson Electric	Pair Corr
0.9	ENS	Enersys	Pair Corr
0.9	ESP	Espey Mfg Electronics	Pair Corr
0.76	ETN	Eaton PLC	Pair Corr
0.81	NVT	nVent Electric PLC	Pair Corr
0.88	NXT	Nextracker Class A	Pair Corr
0.93	RBC	RBC Bearings	Pair Corr

Moving against Preformed Stock

0.84	0LT	Leoch International	Pair Corr
0.81	PN	Skycorp Solar Group	Pair Corr
0.8	2V3	VPower Group Interna	Pair Corr
0.72	AYI	Acuity Brands	Pair Corr
0.58	ENVX	Enovix Corp	Pair Corr
0.51	EFOI	Energy Focu	Pair Corr
0.5	FLUX	Flux Power Holdings	Pair Corr
0.4	EGY	Energy Technologies Earnings Call Tomorrow	Pair Corr
0.4	ELPW	Elong Power Holding	Pair Corr
0.4	EAF	GrafTech International	Pair Corr
0.86	XLE1	LEGEND POWER SYS	Pair Corr
0.84	GWH	ESS Tech	Pair Corr
0.81	MLITN	Italy Innovazioni SpA	Pair Corr
0.77	AQ8	Acuity Brands	Pair Corr
0.68	HMM-A	Hammond Manufacturing Earnings Call This Week	Pair Corr
0.65	2F0	AB Fagerhult	Pair Corr
0.63	STI	Solidion Technology	Pair Corr
0.56	XCH	XCHG Limited American	Pair Corr
0.5	ZEO	Zeo Energy Corp Tech Boost	Pair Corr

Related Correlations Analysis

	BBSI	SLDP	LMB	ASTE	SFL	RDW	GIC	THR	ECO	BLDP
BBSI		0.58	-0.17	-0.36	-0.6	0.5	0.1	-0.31	-0.47	0.44	BBSI
SLDP	0.58		-0.62	-0.72	-0.69	0.07	-0.51	-0.7	-0.5	0.9	SLDP
LMB	-0.17	-0.62		0.89	0.77	0.57	0.89	0.91	0.68	-0.77	LMB
ASTE	-0.36	-0.72	0.89		0.9	0.37	0.86	0.97	0.79	-0.88	ASTE
SFL	-0.6	-0.69	0.77	0.9		0.23	0.61	0.87	0.92	-0.83	SFL
RDW	0.5	0.07	0.57	0.37	0.23		0.64	0.48	0.27	-0.2	RDW
GIC	0.1	-0.51	0.89	0.86	0.61	0.64		0.85	0.53	-0.7	GIC
THR	-0.31	-0.7	0.91	0.97	0.87	0.48	0.85		0.77	-0.88	THR
ECO	-0.47	-0.5	0.68	0.79	0.92	0.27	0.53	0.77		-0.69	ECO
BLDP	0.44	0.9	-0.77	-0.88	-0.83	-0.2	-0.7	-0.88	-0.69		BLDP
	BBSI	SLDP	LMB	ASTE	SFL	RDW	GIC	THR	ECO	BLDP

Please upgrade your account to get full access to Macroaxis premium features

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

THR	+ 0.97	ASTE
ECO	+ 0.92	SFL
THR	+ 0.91	LMB
BLDP	+ 0.9	SLDP
SFL	+ 0.9	ASTE
ASTE	+ 0.89	LMB

High negative correlations

BLDP	- 0.88	THR
BLDP	- 0.88	ASTE
BLDP	- 0.83	SFL
BLDP	- 0.77	LMB
ASTE	- 0.72	SLDP
BLDP	- 0.7	GIC

Risk-Adjusted Indicators

There is a big difference between Preformed Stock performing well and Preformed Line 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 Preformed Line'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
BBSI	1.38	(0.30)	0.00	(0.17)	0.00	0.00	2.17	(3.03)	13.82
SLDP	3.34	(0.82)	0.00	(0.34)	0.00	0.00	5.89	(7.46)	19.34
LMB	2.50	0.33	0.12	0.30	2.82	(2.82)	4.34	(5.25)	14.34
ASTE	1.70	0.38	0.27	0.30	1.15	(1.96)	4.37	(2.74)	7.79
SFL	1.24	0.42	0.26	1.08	0.97	(1.47)	2.60	(1.60)	9.72
RDW	6.36	0.69	0.13	0.31	6.41	(6.94)	14.09	(10.92)	41.99
GIC	1.03	0.10	0.09	0.18	1.13	(1.13)	2.67	(1.85)	6.52
THR	1.68	0.52	0.33	0.53	1.16	(2.03)	4.80	(2.28)	9.12
ECO	2.02	0.49	0.17	18.62	2.02	(2.37)	5.27	(3.99)	13.01
BLDP	2.13	(0.62)	0.00	(0.22)	0.00	0.00	3.96	(5.88)	14.07

Preformed Line Corporate Management

Dennis McKenna	Executive VP of Global Bus. Devel.	Profile
Tie Koh	Vice Region	Profile
Caroline Vaccariello	General Counsel, Corporate Secretary	Profile
William III	Vice Region	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC