McGrath RentCorp Correlations

MGRC Stock

USD 124.79 1.48 1.17%

The current 90-days correlation between McGrath RentCorp and Custom Truck One is 0.24 (i.e., Modest diversification). The correlation of McGrath RentCorp 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.

McGrath RentCorp Correlation With Market

Very weak diversification

The correlation between McGrath RentCorp and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding McGrath RentCorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with McGrath Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with McGrath Stock

0.86	R	Ryder System Earnings Call Today	Pair Corr
0.72	AL	Air Lease Earnings Call This Week	Pair Corr
0.73	CAR	Avis Budget Group	Pair Corr
0.69	HRI	Herc Holdings	Pair Corr
0.86	PRG	PROG Holdings	Pair Corr
0.64	GATX	GATX	Pair Corr
0.88	URI	United Rentals	Pair Corr
0.78	WSC	Willscot Mobile Mini	Pair Corr
0.64	FTAIM	FTAI Aviation	Pair Corr
0.77	FTAIN	Fortress Transportation	Pair Corr
0.67	TRTN-PC	Triton International	Pair Corr
0.62	TRTN-PD	Triton International	Pair Corr
0.61	TRTN-PE	Triton International	Pair Corr
0.76	TRTN-PA	Triton International	Pair Corr
0.71	TRTN-PB	Triton International	Pair Corr
0.79	ALTG	Alta Equipment Group Earnings Call This Week	Pair Corr
0.73	ALTG-PA	Alta Equipment Group	Pair Corr
0.74	CTOS	Custom Truck One Buyout Trend	Pair Corr
0.78	J	Jacobs Solutions Earnings Call This Week	Pair Corr
0.66	AP	Ampco Pittsburgh Earnings Call This Week	Pair Corr
0.63	AZ	A2Z Smart Technologies	Pair Corr
0.8	BA	Boeing	Pair Corr
0.8	BE	Bloom Energy Corp Earnings Call Today	Pair Corr
0.65	BW	Babcock Wilcox Enter Earnings Call This Week	Pair Corr
0.85	CR	Crane Company	Pair Corr

Moving against McGrath Stock

0.66	ZCAR	Zoomcar Holdings	Pair Corr
0.58	ZCARW	Zoomcar Holdings	Pair Corr
0.55	VSTS	Vestis Earnings Call This Week	Pair Corr
0.46	FPAY	FlexShopper	Pair Corr
0.32	MWG	Multi Ways Holdings	Pair Corr
0.64	NL	NL Industries Earnings Call This Week	Pair Corr
0.57	GP	GreenPower Motor	Pair Corr
0.39	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	CTOS	GATX	ALTG	MATW	SRCE	BANF	FELE	THFF
CTOS		0.59	0.91	0.84	0.51	0.65	0.79	0.84	CTOS
GATX	0.59		0.74	0.76	0.54	0.45	0.49	0.67	GATX
ALTG	0.91	0.74		0.89	0.64	0.65	0.79	0.89	ALTG
MATW	0.84	0.76	0.89		0.69	0.68	0.72	0.88	MATW
SRCE	0.51	0.54	0.64	0.69		0.89	0.68	0.87	SRCE
BANF	0.65	0.45	0.65	0.68	0.89		0.73	0.88	BANF
FELE	0.79	0.49	0.79	0.72	0.68	0.73		0.83	FELE
THFF	0.84	0.67	0.89	0.88	0.87	0.88	0.83		THFF
	CTOS	GATX	ALTG	MATW	SRCE	BANF	FELE	THFF

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Risk-Adjusted Indicators

There is a big difference between McGrath Stock performing well and McGrath RentCorp 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 McGrath RentCorp's 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
CTOS	2.09	0.25	0.14	0.34	1.82	(2.66)	3.64	(3.46)	13.56
GATX	0.99	(0.03)	(0.03)	0.12	1.04	(1.05)	2.02	(1.64)	11.39
ALTG	3.38	0.71	0.27	0.53	2.59	(4.08)	8.33	(4.67)	23.70
MATW	2.07	(0.03)	0.04	0.13	2.25	(2.20)	4.15	(4.09)	13.60
SRCE	1.09	(0.12)	(0.05)	0.06	1.27	(1.18)	2.41	(1.85)	7.41
BANF	1.18	(0.10)	(0.04)	0.07	1.39	(1.22)	3.06	(1.93)	7.03
FELE	1.24	(0.10)	(0.04)	0.07	1.26	(1.46)	3.03	(1.89)	5.49
THFF	1.24	0.02	0.05	0.16	1.19	(1.45)	3.40	(1.97)	8.25

McGrath RentCorp Corporate Management

John Lieffrig	VP Storage	Profile
Gilda JD	General VP	Profile
Kristina TreaseWhitney	Senior Development	Profile
David CPA	Senior Officer	Profile
Tara Wescott	Vice Resources	Profile

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