Titan International Correlations

TWI Stock

USD 7.09 0.31 4.57%

The current 90-days correlation between Titan International and Shyft Group is 0.01 (i.e., Significant diversification). The correlation of Titan 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.

Titan International Correlation With Market

Poor diversification

The correlation between Titan International and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Titan 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 Titan 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 housing.

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

Moving together with Titan Stock

0.71	NKLA	Nikola Corp	Pair Corr
0.72	ARTW	Arts Way Manufacturing	Pair Corr
0.81	BLBD	Blue Bird Corp Fiscal Year End 9th of December 2024	Pair Corr
0.71	AP	Ampco Pittsburgh	Pair Corr
0.61	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Titan Stock

0.73	PCAR	PACCAR Inc Fiscal Year End 28th of January 2025	Pair Corr
0.62	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.6	CNH	CNH Industrial NV Symbol Change	Pair Corr
0.53	MNTX	Manitex International	Pair Corr
0.48	AGCO	AGCO	Pair Corr
0.42	DE	Deere Company Buyout Trend	Pair Corr
0.33	GENC	Gencor Industries	Pair Corr
0.83	B	Barnes Group	Pair Corr
0.77	J	Jacobs Solutions	Pair Corr
0.75	BW	Babcock Wilcox Enter	Pair Corr
0.73	AZ	A2Z Smart Technologies	Pair Corr
0.72	EH	Ehang Holdings	Pair Corr
0.69	CW	Curtiss Wright	Pair Corr
0.68	DIST	Distoken Acquisition	Pair Corr
0.65	UGRO	Urban Gro	Pair Corr
0.61	IR	Ingersoll Rand Sell-off Trend	Pair Corr
0.51	R	Ryder System	Pair Corr
0.47	CR	Crane Company	Pair Corr
0.44	BV	BrightView Holdings	Pair Corr

Related Correlations Analysis

	SHYF	MTW	OSK	TEX	ALG	HY	CMCO	AGCO	REVG	GENC
SHYF		0.66	0.65	0.25	0.76	-0.69	0.41	-0.5	0.68	0.42	SHYF
MTW	0.66		0.87	0.63	0.72	-0.37	0.66	-0.07	0.77	0.68	MTW
OSK	0.65	0.87		0.65	0.73	-0.33	0.58	0.04	0.74	0.67	OSK
TEX	0.25	0.63	0.65		0.36	0.22	0.33	0.18	0.68	0.37	TEX
ALG	0.76	0.72	0.73	0.36		-0.65	0.65	-0.28	0.68	0.71	ALG
HY	-0.69	-0.37	-0.33	0.22	-0.65		-0.2	0.72	-0.27	-0.25	HY
CMCO	0.41	0.66	0.58	0.33	0.65	-0.2		0.18	0.55	0.81	CMCO
AGCO	-0.5	-0.07	0.04	0.18	-0.28	0.72	0.18		-0.25	0.28	AGCO
REVG	0.68	0.77	0.74	0.68	0.68	-0.27	0.55	-0.25		0.47	REVG
GENC	0.42	0.68	0.67	0.37	0.71	-0.25	0.81	0.28	0.47		GENC
	SHYF	MTW	OSK	TEX	ALG	HY	CMCO	AGCO	REVG	GENC

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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

OSK	+ 0.87	MTW
GENC	+ 0.81	CMCO
REVG	+ 0.77	MTW
ALG	+ 0.76	SHYF
REVG	+ 0.74	OSK
ALG	+ 0.73	OSK

High negative correlations

HY	- 0.69	SHYF
HY	- 0.65	ALG
AGCO	- 0.5	SHYF
HY	- 0.37	MTW
HY	- 0.33	OSK
AGCO	- 0.28	ALG

Risk-Adjusted Indicators

There is a big difference between Titan Stock performing well and Titan 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 Titan 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
SHYF	1.99	0.05	(0.01)	0.45	2.42	(2.12)	4.90	(4.64)	11.33
MTW	2.26	(0.15)	0.01	0.03	2.69	(2.60)	5.41	(4.10)	19.29
OSK	1.51	(0.05)	0.01	0.06	1.87	(1.51)	2.78	(2.83)	12.69
TEX	1.86	(0.21)	0.00	(0.01)	0.00	0.00	3.50	(3.93)	16.23
ALG	1.40	(0.01)	0.03	0.08	1.47	(1.49)	2.27	(2.25)	12.83
HY	1.98	(0.19)	0.00	(0.07)	0.00	0.00	4.01	(3.35)	20.12
CMCO	1.70	0.01	0.05	0.09	1.65	(1.88)	3.87	(2.55)	9.88
AGCO	1.31	(0.02)	(0.01)	0.06	2.04	(1.21)	2.45	(2.75)	10.78
REVG	2.19	(0.17)	(0.02)	0.01	2.67	(2.93)	6.03	(4.30)	15.72
GENC	1.56	0.09	0.09	0.13	1.61	(1.81)	4.16	(3.52)	12.08

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