SiteOne Landscape Correlations

SITE Stock

USD 142.81 3.95 2.84%

The current 90-days correlation between SiteOne Landscape Supply and Applied Industrial Technologies is 0.42 (i.e., Very weak diversification). The correlation of SiteOne Landscape 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.

SiteOne Landscape Correlation With Market

Modest diversification

The correlation between SiteOne Landscape Supply 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 SiteOne Landscape Supply and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SiteOne Landscape Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with SiteOne Stock

0.79	DSGR	Distribution Solutions	Pair Corr
0.84	FAST	Fastenal	Pair Corr
0.89	FERG	Ferguson Plc	Pair Corr
0.8	BXC	BlueLinx Holdings	Pair Corr
0.78	EVI	EVI Industries	Pair Corr
0.79	GWW	WW Grainger	Pair Corr
0.75	MSM	MSC Industrial Direct	Pair Corr
0.63	WCC	WESCO International	Pair Corr
0.72	WSO	Watsco Inc	Pair Corr
0.71	TITN	Titan Machinery	Pair Corr
0.66	J	Jacobs Solutions	Pair Corr
0.77	BV	BrightView Holdings	Pair Corr
0.74	CR	Crane Company	Pair Corr

Moving against SiteOne Stock

0.61	B	Barnes Group Earnings Call This Week	Pair Corr
0.45	WCC-PA	WESCO International	Pair Corr
0.37	DXPE	DXP Enterprises	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.36	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	DXPE	AIT	FERG	GIC	MSM	CNM	GWW	DSGR	WCC-PA	BXC
DXPE		0.43	-0.5	-0.79	-0.06	0.73	-0.08	-0.63	0.9	-0.03	DXPE
AIT	0.43		0.49	-0.25	0.69	0.17	0.83	0.25	0.38	0.83	AIT
FERG	-0.5	0.49		0.55	0.69	-0.38	0.83	0.81	-0.49	0.8	FERG
GIC	-0.79	-0.25	0.55		0.27	-0.5	0.21	0.77	-0.87	0.12	GIC
MSM	-0.06	0.69	0.69	0.27		-0.25	0.84	0.61	-0.12	0.73	MSM
CNM	0.73	0.17	-0.38	-0.5	-0.25		-0.25	-0.41	0.6	-0.11	CNM
GWW	-0.08	0.83	0.83	0.21	0.84	-0.25		0.64	-0.12	0.94	GWW
DSGR	-0.63	0.25	0.81	0.77	0.61	-0.41	0.64		-0.72	0.6	DSGR
WCC-PA	0.9	0.38	-0.49	-0.87	-0.12	0.6	-0.12	-0.72		-0.09	WCC-PA
BXC	-0.03	0.83	0.8	0.12	0.73	-0.11	0.94	0.6	-0.09		BXC
	DXPE	AIT	FERG	GIC	MSM	CNM	GWW	DSGR	WCC-PA	BXC

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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

BXC	+ 0.94	GWW
WCC-PA	+ 0.9	DXPE
GWW	+ 0.84	MSM
GWW	+ 0.83	AIT
BXC	+ 0.83	AIT
GWW	+ 0.83	FERG

High negative correlations

WCC-PA	- 0.87	GIC
GIC	- 0.79	DXPE
WCC-PA	- 0.72	DSGR
DSGR	- 0.63	DXPE
CNM	- 0.5	GIC
FERG	- 0.5	DXPE

Risk-Adjusted Indicators

There is a big difference between SiteOne Stock performing well and SiteOne Landscape 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 SiteOne Landscape'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
DXPE	2.07	0.96	0.51	0.55	1.21	(2.71)	6.82	(2.91)	24.48
AIT	1.28	0.19	0.14	0.39	1.16	(1.56)	2.93	(1.96)	17.60
FERG	1.28	(0.18)	0.00	(0.35)	0.00	0.00	3.22	(2.35)	14.83
GIC	1.57	(0.40)	0.00	(0.34)	0.00	0.00	2.00	(3.02)	22.56
MSM	1.54	0.01	0.00	0.03	1.76	(1.72)	3.43	(3.31)	11.93
CNM	1.67	0.31	0.18	0.44	1.44	(2.03)	4.25	(2.43)	18.90
GWW	0.96	0.01	0.00	0.04	1.00	(1.17)	2.23	(1.91)	9.09
DSGR	1.48	(0.22)	0.00	(0.40)	0.00	0.00	1.71	(4.32)	20.91
WCC-PA	0.10	0.01	(0.02)	1.89	0.00	(0.13)	0.27	(0.16)	1.05
BXC	2.00	(0.03)	0.00	(0.02)	0.00	0.00	5.33	(3.81)	14.24

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