Powell Industries Correlations

POWL Stock

USD 289.88 1.89 0.66%

The current 90-days correlation between Powell Industries and Kimball Electronics is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Powell Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Powell Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Powell Industries Correlation With Market

Poor diversification

The correlation between Powell Industries and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Powell Industries 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 Powell 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 housing.

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

Moving together with Powell Stock

0.95	AYI	Acuity Brands	Pair Corr
0.93	EAF	GrafTech International	Pair Corr
0.87	ESP	Espey Mfg Electronics	Pair Corr
0.9	NVT	nVent Electric PLC	Pair Corr
0.73	NVX	Novonix Ltd ADR	Pair Corr
0.91	VRT	Vertiv Holdings	Pair Corr
0.82	HAYW	Hayward Holdings	Pair Corr
0.9	HUBB	Hubbell	Pair Corr
0.77	LTBR	Lightbridge Corp Downward Rally	Pair Corr
0.68	ADSEW	ADS TEC ENERGY	Pair Corr
0.86	PLPC	Preformed Line Products	Pair Corr

Moving against Powell Stock

0.85	FCEL	FuelCell Energy Trending	Pair Corr
0.66	FLUX	Flux Power Holdings	Pair Corr
0.62	EPOW	Sunrise New Energy	Pair Corr
0.8	WBX	Wallbox NV	Pair Corr
0.69	LSCG	Lighting Science	Pair Corr
0.67	XPON	Expion360	Pair Corr
0.47	EOSEW	Eos Energy Enterprises	Pair Corr
0.36	IPWR	Ideal Power	Pair Corr
0.73	OPTT	Ocean Power Technologies	Pair Corr
0.42	QBAK	Qualstar	Pair Corr
0.36	XNNHQ	Xenonics Holdings	Pair Corr

Related Correlations Analysis

	KE	HOLI	HAYW	NVT	ENR	AYI	ESP	PLPC	AEIS	ENS
KE		0.59	0.69	0.59	0.58	0.56	0.38	0.81	0.72	-0.16	KE
HOLI	0.59		0.43	0.13	0.49	0.2	0.0	0.4	0.37	-0.65	HOLI
HAYW	0.69	0.43		0.76	0.7	0.77	0.69	0.77	0.82	-0.14	HAYW
NVT	0.59	0.13	0.76		0.65	0.88	0.78	0.83	0.83	0.16	NVT
ENR	0.58	0.49	0.7	0.65		0.67	0.54	0.71	0.71	-0.33	ENR
AYI	0.56	0.2	0.77	0.88	0.67		0.91	0.8	0.77	0.02	AYI
ESP	0.38	0.0	0.69	0.78	0.54	0.91		0.6	0.67	0.12	ESP
PLPC	0.81	0.4	0.77	0.83	0.71	0.8	0.6		0.81	-0.1	PLPC
AEIS	0.72	0.37	0.82	0.83	0.71	0.77	0.67	0.81		0.04	AEIS
ENS	-0.16	-0.65	-0.14	0.16	-0.33	0.02	0.12	-0.1	0.04		ENS
	KE	HOLI	HAYW	NVT	ENR	AYI	ESP	PLPC	AEIS	ENS

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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

ESP	+ 0.91	AYI
AYI	+ 0.88	NVT
PLPC	+ 0.83	NVT
AEIS	+ 0.83	NVT
AEIS	+ 0.82	HAYW
PLPC	+ 0.81	KE

High negative correlations

ENS	- 0.65	HOLI
ENS	- 0.33	ENR
ENS	- 0.16	KE
ENS	- 0.14	HAYW
ENS	- 0.1	PLPC
ESP	- 0.0	HOLI

Risk-Adjusted Indicators

There is a big difference between Powell Stock performing well and Powell 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 Powell 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
KE	1.63	(0.05)	0.02	0.09	1.71	(1.91)	3.85	(3.18)	11.84
HOLI	1.21	0.18	0.01	(0.36)	1.72	(1.24)	2.60	(3.35)	19.49
HAYW	1.35	0.10	0.04	0.27	1.29	(1.62)	4.12	(2.23)	8.61
NVT	1.69	0.06	0.07	0.15	2.15	(1.89)	3.19	(2.34)	13.93
ENR	1.07	0.34	0.17	1.60	1.06	(1.28)	2.67	(1.29)	12.72
AYI	1.24	0.33	0.24	0.46	0.91	(1.43)	2.82	(2.02)	11.12
ESP	2.16	0.37	0.15	0.57	2.00	(2.48)	4.89	(3.29)	26.01
PLPC	1.58	0.05	0.09	0.15	1.57	(1.76)	3.21	(2.61)	11.72
AEIS	1.50	(0.11)	0.00	0.06	1.89	(1.57)	3.85	(2.92)	9.74
ENS	1.18	(0.14)	(0.06)	0.02	1.68	(1.21)	2.21	(2.35)	8.90

Powell Industries Corporate Management

Milburn Honeycutt	Chief Accounting Officer, VP and Corporate Controller	Profile
Terry McKertcher	Vice Operations	Profile
Gary King	Director Communications	Profile
William Mauney	Vice RD	Profile
David Eckenrode	Assistant Treasurer	Profile

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