Generac Holdings Correlations

GNRC Stock

USD 190.49 2.15 1.12%

The current 90-days correlation between Generac Holdings and Crane Company is 0.09 (i.e., Significant diversification). The correlation of Generac Holdings 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.

Generac Holdings Correlation With Market

Good diversification

The correlation between Generac Holdings and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Generac Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Generac Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generac Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

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

Moving together with Generac Stock

0.65

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Pair Corr

Moving against Generac Stock

0.64	IBM	International Business Earnings Call This Week	Pair Corr
0.4	JPM	JPMorgan Chase	Pair Corr
0.37	DD	Dupont De Nemours	Pair Corr
0.35	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	CR	RRX	WTS	DCI	AOS	IEX	POOL	PSN	GTLS	WCC
CR		0.53	-0.43	-0.78	0.06	0.2	0.32	-0.55	-0.16	-0.16	CR
RRX	0.53		-0.36	-0.43	0.16	0.69	0.32	-0.25	-0.49	0.33	RRX
WTS	-0.43	-0.36		0.82	0.47	-0.59	0.16	0.47	0.72	0.53	WTS
DCI	-0.78	-0.43	0.82		0.19	-0.38	-0.16	0.63	0.54	0.53	DCI
AOS	0.06	0.16	0.47	0.19		-0.03	0.82	-0.14	0.12	0.23	AOS
IEX	0.2	0.69	-0.59	-0.38	-0.03		0.15	-0.19	-0.83	0.13	IEX
POOL	0.32	0.32	0.16	-0.16	0.82	0.15		-0.49	-0.13	0.14	POOL
PSN	-0.55	-0.25	0.47	0.63	-0.14	-0.19	-0.49		0.37	0.31	PSN
GTLS	-0.16	-0.49	0.72	0.54	0.12	-0.83	-0.13	0.37		0.17	GTLS
WCC	-0.16	0.33	0.53	0.53	0.23	0.13	0.14	0.31	0.17		WCC
	CR	RRX	WTS	DCI	AOS	IEX	POOL	PSN	GTLS	WCC

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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

DCI	+ 0.82	WTS
POOL	+ 0.82	AOS
GTLS	+ 0.72	WTS
IEX	+ 0.69	RRX
PSN	+ 0.63	DCI
GTLS	+ 0.54	DCI

High negative correlations

GTLS	- 0.83	IEX
DCI	- 0.78	CR
IEX	- 0.59	WTS
PSN	- 0.55	CR
PSN	- 0.49	POOL
GTLS	- 0.49	RRX

Risk-Adjusted Indicators

There is a big difference between Generac Stock performing well and Generac Holdings 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 Generac Holdings' 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
CR	1.03	0.00	0.00	0.04	0.00	0.00	2.01	(1.90)	8.17
RRX	1.85	(0.07)	0.00	(0.49)	0.00	0.00	3.59	(4.07)	15.32
WTS	0.98	0.17	0.09	(0.90)	1.09	(1.05)	2.05	(1.87)	6.13
DCI	0.93	0.27	0.21	(2.32)	0.71	(1.11)	2.28	(1.89)	11.07
AOS	0.98	0.02	(0.02)	0.32	1.19	(1.10)	2.61	(2.33)	6.43
IEX	1.21	(0.12)	0.00	(0.48)	0.00	0.00	2.70	(2.41)	13.30
POOL	1.41	(0.05)	0.00	(0.09)	0.00	0.00	4.89	(2.14)	9.24
PSN	1.30	0.17	0.07	17.65	1.54	(1.45)	2.55	(2.21)	12.10
GTLS	0.56	0.29	1.02	(1.38)	0.00	(0.70)	0.54	(0.33)	16.24
WCC	1.44	0.10	0.02	(0.42)	1.75	(1.56)	2.84	(2.51)	11.50

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