Gorman Rupp Correlations

Market Correlation Context: Gorman Rupp

Gorman Rupp has a market cap of 1.55 B, operating margin of 14.55%, ROE of 13.45%. Review Risk vs Return Analysis for broader portfolio context. A position in Gorman Rupp is indicated here. It is reflected in the overall portfolio structure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.Our How to Trade Gorman Rupp guide. The guide covers key considerations before placing your first order for Gorman Stock. Review it before making any investment decisions about Gorman Rupp.

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 GIC + 0.9 ASTE ASTE + 0.88 THR ASTE + 0.84 LNN GIC + 0.82 LNN HSII + 0.82 THR LNN + 0.81 CYD

High negative correlations ASTE - 0.86 BLDP CRAI - 0.86 THR BLDP - 0.79 THR BLDP - 0.78 LNN CRAI - 0.72 ASTE GIC - 0.72 BLDP

Risk-Adjusted Indicators

Surface-level performance for Gorman Stock can mask how the business actually stacks up against its competitive set. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.