Pentair PLC Correlations

PNR Stock

USD 106.93 0.88 0.83%

The correlation of Pentair PLC 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.

Pentair PLC Correlation With Market

Very weak diversification

The correlation between Pentair PLC and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pentair PLC 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 Pentair PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Pentair Stock, please use our How to Invest in Pentair PLC guide.

Moving together with Pentair Stock

0.8	B	Barnes Group	Pair Corr
0.71	BW	Babcock Wilcox Enter	Pair Corr
0.81	CR	Crane Company	Pair Corr
0.91	IR	Ingersoll Rand	Pair Corr
0.94	PH	Parker Hannifin	Pair Corr
0.89	EPAC	Enerpac Tool Group	Pair Corr
0.64	FELE	Franklin Electric	Pair Corr
0.78	AME	Ametek Inc	Pair Corr
0.71	ATS	ATS Corporation	Pair Corr
0.92	CMI	Cummins	Pair Corr
0.8	DCI	Donaldson Earnings Call This Week	Pair Corr
0.93	DOV	Dover	Pair Corr
0.86	EMR	Emerson Electric	Pair Corr
0.97	ETN	Eaton PLC	Pair Corr
0.91	FLS	Flowserve	Pair Corr
0.8	GGG	Graco Inc	Pair Corr
0.65	GHM	Graham	Pair Corr
0.71	GRC	Gorman Rupp	Pair Corr
0.87	IEX	IDEX	Pair Corr
0.88	ITT	ITT Inc	Pair Corr
0.94	ITW	Illinois Tool Works	Pair Corr
0.88	JBT	John Bean Technologies	Pair Corr
0.82	KAI	Kadant Inc	Pair Corr
0.85	MIR	Mirion Technologies	Pair Corr
0.87	MWA	Mueller Water Products Fiscal Year End 11th of December 2024	Pair Corr
0.71	XMTR	Xometry	Pair Corr
0.89	NNE	Nano Nuclear Energy Trending	Pair Corr
0.78	ROK	Rockwell Automation	Pair Corr
0.75	RRX	Regal Beloit	Pair Corr

Moving against Pentair Stock

0.88	RR	Richtech Robotics Class	Pair Corr
0.86	CVV	CVD Equipment	Pair Corr
0.44	AOS	Smith AO	Pair Corr
0.39	CYD	China Yuchai Interna	Pair Corr
0.63	IVAC	Intevac	Pair Corr
0.57	TNC	Tennant Company	Pair Corr

Related Correlations Analysis

	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX	70082LAB3
AQUI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.0		0.29	0.69	0.02	-0.11	0.87	-0.02	0.9	0.19	MSTSX
ABHYX	0.0	0.29		0.59	-0.03	-0.21	0.43	0.03	0.42	-0.52	ABHYX
LBHIX	0.0	0.69	0.59		-0.26	0.15	0.72	0.26	0.7	0.09	LBHIX
SCAXF	0.0	0.02	-0.03	-0.26		-0.78	-0.05	-1.0	-0.01	-0.35	SCAXF
VIASP	0.0	-0.11	-0.21	0.15	-0.78		0.0	0.78	-0.05	0.47	VIASP
RRTLX	0.0	0.87	0.43	0.72	-0.05	0.0		0.05	0.99	0.01	RRTLX
OSHDF	0.0	-0.02	0.03	0.26	-1.0	0.78	0.05		0.01	0.35	OSHDF
JRBEX	0.0	0.9	0.42	0.7	-0.01	-0.05	0.99	0.01		0.02	JRBEX
70082LAB3	0.0	0.19	-0.52	0.09	-0.35	0.47	0.01	0.35	0.02		70082LAB3
	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX	OSHDF	JRBEX	70082LAB3

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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

JRBEX	+ 0.99	RRTLX
JRBEX	+ 0.9	MSTSX
RRTLX	+ 0.87	MSTSX
OSHDF	+ 0.78	VIASP
RRTLX	+ 0.72	LBHIX
JRBEX	+ 0.7	LBHIX

High negative correlations

OSHDF	- 1.0	SCAXF
VIASP	- 0.78	SCAXF
70082LAB3	- 0.52	ABHYX
70082LAB3	- 0.35	SCAXF
SCAXF	- 0.26	LBHIX
VIASP	- 0.21	ABHYX

Risk-Adjusted Indicators

There is a big difference between Pentair Stock performing well and Pentair PLC 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 Pentair PLC'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
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(25.57)	0.00	0.00	0.00	0.00	23.47
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	(0.02)	(0.31)	0.05	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	20.22	0.00	(24.88)	0.00	0.00	0.00	0.00	1,329
JRBEX	0.35	(0.03)	(0.21)	0.05	0.40	(0.40)	0.79	(0.86)	2.14
70082LAB3	1.00	0.07	(0.04)	(0.12)	2.25	(1.07)	1.75	(1.69)	24.27

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