SPX Corp Correlations

SPXC Stock

USD 235.24 4.04 1.75%

The current 90-days correlation between SPX Corp and Donaldson is 0.37 (i.e., Weak diversification). The correlation of SPX Corp 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.

SPX Corp Correlation With Market

Modest diversification

The correlation between SPX Corp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPX Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPX Stock

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

For information on how to trade SPX Stock refer to our How to Trade SPX Stock guide.

Related Correlations Analysis

	DCI	GNRC	CR	RRX	FLS	WTS	AOS	PSN	CNM	AIT
DCI		0.77	0.54	0.87	0.97	0.95	0.95	-0.37	0.73	0.85	DCI
GNRC	0.77		0.41	0.71	0.82	0.7	0.74	0.04	0.46	0.62	GNRC
CR	0.54	0.41		0.4	0.55	0.56	0.51	-0.27	0.75	0.79	CR
RRX	0.87	0.71	0.4		0.91	0.87	0.92	-0.3	0.55	0.76	RRX
FLS	0.97	0.82	0.55	0.91		0.95	0.95	-0.31	0.71	0.85	FLS
WTS	0.95	0.7	0.56	0.87	0.95		0.95	-0.35	0.74	0.86	WTS
AOS	0.95	0.74	0.51	0.92	0.95	0.95		-0.39	0.71	0.86	AOS
PSN	-0.37	0.04	-0.27	-0.3	-0.31	-0.35	-0.39		-0.64	-0.37	PSN
CNM	0.73	0.46	0.75	0.55	0.71	0.74	0.71	-0.64		0.79	CNM
AIT	0.85	0.62	0.79	0.76	0.85	0.86	0.86	-0.37	0.79		AIT
	DCI	GNRC	CR	RRX	FLS	WTS	AOS	PSN	CNM	AIT

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

FLS	+ 0.97	DCI
WTS	+ 0.95	DCI
AOS	+ 0.95	DCI
WTS	+ 0.95	FLS
AOS	+ 0.95	FLS
AOS	+ 0.95	WTS

High negative correlations

CNM	- 0.64	PSN
PSN	- 0.39	AOS
AIT	- 0.37	PSN
PSN	- 0.37	DCI
PSN	- 0.35	WTS
PSN	- 0.31	FLS

Risk-Adjusted Indicators

There is a big difference between SPX Stock performing well and SPX Corp 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 SPX Corp'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
DCI	1.19	0.29	0.26	0.39	0.74	(1.43)	2.43	(1.74)	9.29
GNRC	2.30	0.05	0.05	0.11	2.98	(2.30)	4.89	(4.80)	10.93
CR	1.38	(0.05)	0.00	0.05	2.41	(1.43)	2.71	(2.22)	15.15
RRX	2.17	0.65	0.31	0.53	1.64	(2.62)	5.90	(3.75)	11.58
FLS	1.21	0.21	0.19	0.22	1.02	(1.43)	2.46	(1.96)	8.03
WTS	1.12	0.07	0.06	0.14	1.36	(1.26)	2.85	(1.61)	6.62
AOS	1.12	0.23	0.18	0.33	0.85	(1.25)	2.66	(2.04)	7.53
PSN	1.78	(0.28)	0.00	(0.22)	0.00	0.00	3.15	(3.07)	25.78
CNM	1.73	0.13	0.04	0.39	1.87	(1.96)	3.47	(2.94)	11.37
AIT	1.23	0.06	0.04	0.13	1.70	(1.25)	2.73	(2.32)	9.70

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