Helios Technologies Correlations

HLIO Stock

USD 54.20 0.44 0.81%

The current 90-days correlation between Helios Technologies and Enerpac Tool Group is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Helios Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helios Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Helios Technologies Correlation With Market

Weak diversification

The correlation between Helios Technologies 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 Helios Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Helios Stock

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

To learn how to invest in Helios Stock, please use our How to Invest in Helios Technologies guide.

Moving together with Helios Stock

0.85	BW	Babcock Wilcox Enter	Pair Corr
0.67	CR	Crane Company	Pair Corr
0.69	HI	Hillenbrand Potential Growth	Pair Corr
0.78	PH	Parker Hannifin	Pair Corr
0.62	MKDWW	MKDWELL Tech Warrants	Pair Corr
0.85	FELE	Franklin Electric	Pair Corr
0.77	AME	Ametek Inc	Pair Corr
0.78	AOS	Smith AO	Pair Corr
0.95	CMI	Cummins	Pair Corr
0.83	CXT	Crane NXT	Pair Corr
0.88	CYD	China Yuchai Interna	Pair Corr
0.93	DCI	Donaldson	Pair Corr
0.88	GRC	Gorman Rupp	Pair Corr
0.88	ITT	ITT Inc	Pair Corr
0.77	ITW	Illinois Tool Works Sell-off Trend	Pair Corr
0.61	KAI	Kadant Inc	Pair Corr
0.88	MWA	Mueller Water Products	Pair Corr
0.92	XMTR	Xometry	Pair Corr
0.92	NPO	Enpro Industries	Pair Corr
0.66	PNR	Pentair PLC	Pair Corr

Moving against Helios Stock

0.75	CSW	CSW Industrials, Symbol Change	Pair Corr
0.64	FBGL	FBS Global Limited	Pair Corr
0.5	IR	Ingersoll Rand	Pair Corr
0.44	ATS	ATS Corporation	Pair Corr
0.35	ENOV	Enovis Corp	Pair Corr
0.68	IEX	IDEX	Pair Corr
0.93	GTEC	Greenland Acquisition	Pair Corr
0.79	XCH	XCHG Limited American	Pair Corr
0.68	WFF	WF Holding Limited	Pair Corr
0.54	THR	Thermon Group Holdings	Pair Corr

Related Correlations Analysis

	EPAC	OFLX	LXFR	GRC	CSW	HLNE	KAI	AUB
EPAC		-0.37	-0.2	-0.19	0.24	-0.1	-0.37	-0.38	EPAC
OFLX	-0.37		0.65	0.22	-0.14	0.06	0.38	0.68	OFLX
LXFR	-0.2	0.65		0.69	-0.45	0.17	0.73	0.93	LXFR
GRC	-0.19	0.22	0.69		-0.77	0.42	0.7	0.68	GRC
CSW	0.24	-0.14	-0.45	-0.77		-0.04	-0.35	-0.49	CSW
HLNE	-0.1	0.06	0.17	0.42	-0.04		0.44	0.2	HLNE
KAI	-0.37	0.38	0.73	0.7	-0.35	0.44		0.77	KAI
AUB	-0.38	0.68	0.93	0.68	-0.49	0.2	0.77		AUB
	EPAC	OFLX	LXFR	GRC	CSW	HLNE	KAI	AUB

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

AUB	+ 0.93	LXFR
AUB	+ 0.77	KAI
KAI	+ 0.73	LXFR
KAI	+ 0.7	GRC
GRC	+ 0.69	LXFR
AUB	+ 0.68	OFLX

High negative correlations

CSW	- 0.77	GRC
AUB	- 0.49	CSW
CSW	- 0.45	LXFR
AUB	- 0.38	EPAC
KAI	- 0.37	EPAC
OFLX	- 0.37	EPAC

Risk-Adjusted Indicators

There is a big difference between Helios Stock performing well and Helios Technologies 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 Helios Technologies' 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
EPAC	1.32	0.05	(0.06)	0.00	1.87	(1.33)	3.08	(2.86)	8.80
OFLX	2.11	(0.12)	0.03	0.07	2.18	(2.53)	4.68	(4.19)	14.80
LXFR	1.58	0.12	0.10	0.19	1.61	(1.71)	3.95	(2.63)	8.95
GRC	1.33	0.09	0.12	0.17	1.06	(1.58)	3.36	(2.26)	10.89
CSW	1.79	(0.22)	0.00	2.63	0.00	0.00	3.75	(3.91)	11.44
HLNE	1.67	(0.27)	0.00	(0.04)	0.00	0.00	4.28	(3.05)	15.41
KAI	1.78	(0.08)	0.02	0.07	2.13	(1.88)	4.12	(3.01)	13.11
AUB	1.44	0.08	0.15	0.16	1.13	(1.78)	4.00	(1.75)	8.52

Helios Technologies Corporate Management

Jeremy Evans	VP Controller	Profile
Cariappa Chenanda	Independent Director	Profile
Jonathan Kaufmann	Chief Design	Profile
Billy Aldridge	Senior Controls	Profile
Tim LaCrosse	Chief Segment	Profile
Laura Brown	Independent Director	Profile
Alexander Schuetz	Independent Director	Profile

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