Standex International Correlations

SXI Stock

USD 188.17 1.74 0.92%

The current 90-days correlation between Standex International and Gorman Rupp is 0.58 (i.e., Very weak diversification). The correlation of Standex International 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.

Standex International Correlation With Market

Weak diversification

The correlation between Standex International and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standex International 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 Standex International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more detail on how to invest in Standex Stock please use our How to Invest in Standex International guide.

Moving together with Standex Stock

0.75	BW	Babcock Wilcox Enter	Pair Corr
0.74	CR	Crane Company	Pair Corr
0.94	IR	Ingersoll Rand	Pair Corr
0.68	PH	Parker Hannifin	Pair Corr
0.89	EPAC	Enerpac Tool Group	Pair Corr
0.96	FELE	Franklin Electric	Pair Corr
0.87	AME	Ametek Inc	Pair Corr
0.76	AOS	Smith AO	Pair Corr
0.65	ATS	ATS Corporation	Pair Corr
0.83	DCI	Donaldson	Pair Corr
0.66	DOV	Dover	Pair Corr
0.74	EMR	Emerson Electric	Pair Corr
0.71	ETN	Eaton PLC	Pair Corr
0.93	GGG	Graco Inc	Pair Corr
0.93	GRC	Gorman Rupp	Pair Corr
0.66	IEX	IDEX	Pair Corr
0.83	ITT	ITT Inc	Pair Corr
0.93	ITW	Illinois Tool Works	Pair Corr
0.8	KAI	Kadant Inc	Pair Corr
0.82	PNR	Pentair PLC	Pair Corr
0.7	RRX	Regal Beloit	Pair Corr

Moving against Standex Stock

0.82	RR	Richtech Robotics Class	Pair Corr
0.78	B	Barnes Group	Pair Corr
0.58	CVV	CVD Equipment	Pair Corr
0.56	CYD	China Yuchai Interna	Pair Corr
0.5	XMTR	Xometry	Pair Corr
0.34	NNE	Nano Nuclear Energy	Pair Corr

Related Correlations Analysis

	GRC	FELE	OFLX	CYD	HURC	JBT	LXFR	DCI	IVAC	THR
GRC		0.93	0.86	-0.64	0.48	0.0	0.56	0.82	-0.78	0.79	GRC
FELE	0.93		0.85	-0.51	0.62	0.0	0.74	0.9	-0.77	0.73	FELE
OFLX	0.86	0.85		-0.65	0.37	0.0	0.49	0.85	-0.83	0.61	OFLX
CYD	-0.64	-0.51	-0.65		0.12	0.0	0.04	-0.36	0.66	-0.54	CYD
HURC	0.48	0.62	0.37	0.12		0.0	0.83	0.68	-0.42	0.32	HURC
JBT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	JBT
LXFR	0.56	0.74	0.49	0.04	0.83	0.0		0.77	-0.44	0.37	LXFR
DCI	0.82	0.9	0.85	-0.36	0.68	0.0	0.77		-0.74	0.58	DCI
IVAC	-0.78	-0.77	-0.83	0.66	-0.42	0.0	-0.44	-0.74		-0.6	IVAC
THR	0.79	0.73	0.61	-0.54	0.32	0.0	0.37	0.58	-0.6		THR
	GRC	FELE	OFLX	CYD	HURC	JBT	LXFR	DCI	IVAC	THR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FELE	+ 0.93	GRC
DCI	+ 0.9	FELE
OFLX	+ 0.86	GRC
OFLX	+ 0.85	FELE
DCI	+ 0.85	OFLX
LXFR	+ 0.83	HURC

High negative correlations

IVAC	- 0.83	OFLX
IVAC	- 0.78	GRC
IVAC	- 0.77	FELE
IVAC	- 0.74	DCI
CYD	- 0.65	OFLX
CYD	- 0.64	GRC

Risk-Adjusted Indicators

There is a big difference between Standex Stock performing well and Standex International 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 Standex International'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
GRC	1.12	(0.14)	0.00	(0.17)	0.00	0.00	2.09	(2.53)	7.48
FELE	0.92	(0.11)	0.00	(0.18)	0.00	0.00	2.00	(1.71)	6.77
OFLX	1.58	(0.52)	0.00	(0.86)	0.00	0.00	2.92	(3.06)	9.62
CYD	2.79	0.27	0.08	0.26	3.19	(3.24)	5.77	(5.35)	27.05
HURC	2.00	0.05	0.02	0.06	2.35	(1.95)	3.11	(3.55)	14.38
JBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LXFR	1.64	0.00	0.00	0.00	2.16	(1.55)	3.09	(3.45)	8.04
DCI	0.89	(0.18)	0.00	(0.33)	0.00	0.00	1.70	(2.15)	8.79
IVAC	2.50	0.43	0.10	1.17	3.85	(3.27)	4.74	(2.62)	25.26
THR	1.40	0.08	0.05	0.10	1.53	(1.63)	3.60	(3.32)	9.97

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

2024 Macroaxis LLC