Valmont Industries Correlations

VMI Stock

USD 320.79 2.25 0.70%

The current 90-days correlation between Valmont Industries and Matthews International is 0.27 (i.e., Modest diversification). The correlation of Valmont 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.

Valmont Industries Correlation With Market

Weak diversification

The correlation between Valmont Industries and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valmont Industries 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 Valmont Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with Valmont Stock

0.72	WPRT	Westport Fuel Systems	Pair Corr
0.79	GBX	Greenbrier Companies	Pair Corr
0.67	GFF	Griffon	Pair Corr
0.67	MLR	Miller Industries	Pair Corr
0.77	TRN	Trinity Industries Earnings Call This Week	Pair Corr
0.62	WAB	Westinghouse Air Brake	Pair Corr
0.72	PLOW	Douglas Dynamics	Pair Corr
0.79	ALSN	Allison Transmission	Pair Corr

Moving against Valmont Stock

0.67	MVST	Microvast Holdings Aggressive Push	Pair Corr
0.48	ZEO	Zeo Energy Corp Symbol Change	Pair Corr
0.77	SLDPW	Solid Power	Pair Corr
0.71	MVSTW	Microvast Holdings	Pair Corr
0.68	SLDP	Solid Power	Pair Corr
0.6	BA	Boeing	Pair Corr
0.53	CRESW	Cresud SACIF y	Pair Corr
0.43	SHLS	Shoals Technologies	Pair Corr
0.4	B	Barnes Group	Pair Corr

Related Correlations Analysis

	MATW	GFF	BBU	MDU	SPLP	CODI	CODI-PA	VRTV	TRC
MATW		0.36	-0.16	0.47	0.28	0.13	0.13	0.0	-0.23	MATW
GFF	0.36		0.46	0.53	0.14	0.21	-0.22	0.0	0.09	GFF
BBU	-0.16	0.46		0.55	0.28	0.62	-0.57	0.0	0.22	BBU
MDU	0.47	0.53	0.55		0.35	0.74	-0.43	0.0	-0.04	MDU
SPLP	0.28	0.14	0.28	0.35		0.34	-0.34	0.0	-0.32	SPLP
CODI	0.13	0.21	0.62	0.74	0.34		-0.75	0.0	-0.16	CODI
CODI-PA	0.13	-0.22	-0.57	-0.43	-0.34	-0.75		0.0	0.25	CODI-PA
VRTV	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	VRTV
TRC	-0.23	0.09	0.22	-0.04	-0.32	-0.16	0.25	0.0		TRC
	MATW	GFF	BBU	MDU	SPLP	CODI	CODI-PA	VRTV	TRC

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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

CODI	+ 0.74	MDU
CODI	+ 0.62	BBU
MDU	+ 0.55	BBU
MDU	+ 0.53	GFF
MDU	+ 0.47	MATW
BBU	+ 0.46	GFF

High negative correlations

CODI-PA	- 0.75	CODI
CODI-PA	- 0.57	BBU
CODI-PA	- 0.43	MDU
CODI-PA	- 0.34	SPLP
TRC	- 0.32	SPLP
TRC	- 0.23	MATW

Risk-Adjusted Indicators

There is a big difference between Valmont Stock performing well and Valmont 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 Valmont 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
MATW	2.44	0.17	0.06	0.09	2.58	(3.68)	5.79	(4.33)	30.91
GFF	1.82	0.20	0.10	0.15	1.80	(2.13)	2.88	(3.57)	22.89
BBU	1.53	0.01	0.00	0.01	1.98	(1.65)	3.24	(2.77)	12.93
MDU	1.17	(0.09)	0.00	(0.12)	0.00	0.00	2.48	(2.15)	9.29
SPLP	2.02	0.27	0.07	(0.93)	2.90	(3.03)	6.27	(2.59)	29.23
CODI	1.03	(0.10)	0.00	(0.14)	0.00	0.00	1.76	(2.49)	7.13
CODI-PA	0.75	(0.03)	0.00	(0.13)	0.00	0.00	2.01	(1.49)	5.64
VRTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRC	1.33	(0.07)	0.00	(0.08)	0.00	0.00	3.10	(3.51)	8.72

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