SIFCO Industries Correlations
SIF Stock | USD 4.01 0.13 3.35% |
The current 90-days correlation between SIFCO Industries and Park Electrochemical is 0.03 (i.e., Significant diversification). The correlation of SIFCO Industries 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.
SIFCO Industries Correlation With Market
Modest diversification
The correlation between SIFCO Industries and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIFCO Industries and DJI in the same portfolio, assuming nothing else is changed.
SIFCO |
Moving together with SIFCO Stock
0.73 | HII | Huntington Ingalls | PairCorr |
0.64 | KWE | KWESST Micro Systems Fiscal Year End 15th of January 2025 | PairCorr |
Moving against SIFCO Stock
0.76 | ESLT | Elbit Systems | PairCorr |
0.69 | CW | Curtiss Wright | PairCorr |
0.69 | DRS | Leonardo DRS, Common | PairCorr |
0.63 | EH | Ehang Holdings | PairCorr |
0.51 | PL | Planet Labs PBC | PairCorr |
0.47 | CAE | CAE Inc | PairCorr |
0.65 | HWM | Howmet Aerospace | PairCorr |
0.65 | PKE | Park Electrochemical | PairCorr |
0.65 | RDW | Redwire Corp Upward Rally | PairCorr |
0.65 | VVX | V2X Inc | PairCorr |
0.63 | LHX | L3Harris Technologies Fiscal Year End 23rd of January 2025 | PairCorr |
0.6 | TGI | Triumph Group | PairCorr |
0.33 | WWD | Woodward | PairCorr |
0.69 | ISSC | Innovative Solutions and | PairCorr |
0.66 | LOAR | Loar Holdings | PairCorr |
0.5 | LUNR | Intuitive Machines Buyout Trend | PairCorr |
0.47 | GPUS-PD | Hyperscale Data, | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SIFCO Stock performing well and SIFCO 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 SIFCO 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DCO | 1.28 | (0.15) | (0.04) | 0.03 | 1.53 | 2.90 | 8.32 | |||
PKE | 1.31 | 0.01 | 0.09 | 0.13 | 0.95 | 3.51 | 12.34 | |||
KAMN | 1.85 | 0.24 | 0.00 | (0.14) | 2.21 | 5.37 | 14.48 | |||
NPK | 1.16 | (0.05) | (0.01) | 0.08 | 1.37 | 2.43 | 8.03 | |||
ATRO | 2.17 | (0.46) | 0.00 | (0.07) | 0.00 | 4.07 | 22.57 | |||
AIRI | 3.95 | (0.64) | 0.00 | (0.56) | 0.00 | 6.27 | 41.32 | |||
CVU | 2.33 | 0.47 | 0.13 | 0.85 | 2.72 | 5.54 | 17.36 | |||
VSEC | 1.85 | 0.16 | 0.13 | 0.19 | 2.10 | 2.95 | 21.00 | |||
TATT | 2.75 | 0.53 | 0.16 | 0.74 | 2.52 | 6.97 | 24.15 |