Gencor Industries Correlations

GENC Stock

USD 13.74 0.21 1.51%

The correlation of Gencor 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.

Gencor Industries Correlation With Market

Very weak diversification

The correlation between Gencor Industries and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gencor Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gencor Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gencor 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 state.

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

Moving together with Gencor Stock

0.73	688420	Tianjin Meiteng Tech	Pair Corr
0.72	600666	Aurora Optoelectronics	Pair Corr
0.78	301028	Xiamen East Asia	Pair Corr
0.67	301317	Xinlei Compressor	Pair Corr
0.67	002774	IFE Elevators	Pair Corr

Moving against Gencor Stock

0.64	DPRO	Draganfly	Pair Corr
0.55	PL	Planet Labs PBC	Pair Corr
0.45	RR	Richtech Robotics Class	Pair Corr
0.45	301148	Xiamen Jiarong Technology	Pair Corr
0.44	688776	Guoguang Electric	Pair Corr
0.35	RNO	Renold	Pair Corr
0.54	EPOW	Sunrise New Energy	Pair Corr
0.51	688028	Beijing Worldia Diamond	Pair Corr
0.49	301070	Kale Environmental	Pair Corr
0.36	WATR	Current Water Techno	Pair Corr
0.31	EVEX	Eve Holding	Pair Corr

Related Correlations Analysis

	ASTE	HY	SHYF	REVG	FEIM	EML	GCBC	GBLI	JCTC
ASTE		-0.73	0.74	0.8	0.71	0.38	-0.5	-0.54	0.07	ASTE
HY	-0.73		-0.6	-0.63	-0.6	-0.04	0.66	0.64	-0.22	HY
SHYF	0.74	-0.6		0.6	0.7	0.1	-0.61	-0.2	-0.42	SHYF
REVG	0.8	-0.63	0.6		0.54	0.54	-0.4	-0.37	-0.04	REVG
FEIM	0.71	-0.6	0.7	0.54		-0.16	-0.7	-0.44	-0.09	FEIM
EML	0.38	-0.04	0.1	0.54	-0.16		0.37	-0.05	0.0	EML
GCBC	-0.5	0.66	-0.61	-0.4	-0.7	0.37		0.38	0.13	GCBC
GBLI	-0.54	0.64	-0.2	-0.37	-0.44	-0.05	0.38		-0.45	GBLI
JCTC	0.07	-0.22	-0.42	-0.04	-0.09	0.0	0.13	-0.45		JCTC
	ASTE	HY	SHYF	REVG	FEIM	EML	GCBC	GBLI	JCTC

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

REVG	+ 0.8	ASTE
SHYF	+ 0.74	ASTE
FEIM	+ 0.71	ASTE
FEIM	+ 0.7	SHYF
GCBC	+ 0.66	HY
GBLI	+ 0.64	HY

High negative correlations

HY	- 0.73	ASTE
GCBC	- 0.7	FEIM
REVG	- 0.63	HY
GCBC	- 0.61	SHYF
FEIM	- 0.6	HY
SHYF	- 0.6	HY

Risk-Adjusted Indicators

There is a big difference between Gencor Stock performing well and Gencor 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 Gencor 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
ASTE	1.81	0.24	0.14	0.16	1.77	(2.01)	4.53	(2.51)	13.22
HY	1.94	(0.23)	0.00	(0.06)	0.00	0.00	3.82	(3.73)	16.19
SHYF	2.93	0.58	0.16	1.00	3.13	(3.35)	5.04	(6.16)	32.72
REVG	1.67	0.24	0.16	0.22	1.45	(2.03)	3.59	(2.63)	16.25
FEIM	3.79	0.87	0.18	0.29	4.78	(4.18)	9.16	(7.53)	30.36
EML	2.08	(0.21)	0.00	(0.04)	0.00	0.00	5.19	(4.63)	14.03
GCBC	1.84	(0.37)	0.00	(0.09)	0.00	0.00	5.17	(3.98)	12.49
GBLI	1.22	(0.06)	0.00	(0.15)	0.00	0.00	2.76	(2.83)	11.04
JCTC	1.76	(0.04)	0.00	0.31	0.00	0.00	3.24	(3.63)	9.96

Gencor Industries Corporate Executives

Elected by the shareholders, the Gencor Industries' board of directors comprises two types of representatives: Gencor Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gencor. The board's role is to monitor Gencor Industries' management team and ensure that shareholders' interests are well served. Gencor Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gencor Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.

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