Standex International Correlations

SXI Stock

USD 210.48 9.17 4.56%

The current 90-days correlation between Standex International and Tennant Company is 0.53 (i.e., Very weak diversification). The correlation of Standex International 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.

Standex International Correlation With Market

Weak diversification

The correlation between Standex International and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standex International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Standex Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standex International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

For more detail on how to invest in Standex Stock please use our How to Invest in Standex International guide.

Moving together with Standex Stock

0.83	BW	Babcock Wilcox Enter	Pair Corr
0.67	CR	Crane Company	Pair Corr
0.69	HI	Hillenbrand	Pair Corr
0.74	PH	Parker Hannifin	Pair Corr
0.86	FELE	Franklin Electric	Pair Corr
0.81	AME	Ametek Inc	Pair Corr
0.74	AOS	Smith AO	Pair Corr
0.91	CMI	Cummins	Pair Corr
0.76	CXT	Crane NXT	Pair Corr
0.83	CYD	China Yuchai Interna	Pair Corr
0.91	DCI	Donaldson Earnings Call Tomorrow	Pair Corr
0.88	GRC	Gorman Rupp	Pair Corr
0.88	ITT	ITT Inc	Pair Corr
0.7	ITW	Illinois Tool Works	Pair Corr
0.8	MWA	Mueller Water Products	Pair Corr
0.87	XMTR	Xometry	Pair Corr
0.9	NPO	Enpro Industries	Pair Corr

Moving against Standex Stock

0.75	CSW	CSW Industrials, Symbol Change	Pair Corr
0.65	FBGL	FBS Global Limited	Pair Corr
0.51	IR	Ingersoll Rand	Pair Corr
0.38	ATS	ATS Corporation	Pair Corr
0.37	ENOV	Enovis Corp	Pair Corr
0.75	IEX	IDEX	Pair Corr
0.93	GTEC	Greenland Acquisition	Pair Corr
0.8	XCH	XCHG Limited American	Pair Corr
0.64	WFF	WF Holding Limited	Pair Corr
0.51	THR	Thermon Group Holdings	Pair Corr

Related Correlations Analysis

	TNC	KAI	TAYD	NPO	LXFR	ALG	SMP	SPXC
TNC		0.75	0.89	0.88	0.82	0.86	0.74	0.83	TNC
KAI	0.75		0.54	0.76	0.75	0.54	0.61	0.6	KAI
TAYD	0.89	0.54		0.71	0.68	0.74	0.57	0.73	TAYD
NPO	0.88	0.76	0.71		0.77	0.75	0.89	0.92	NPO
LXFR	0.82	0.75	0.68	0.77		0.71	0.78	0.63	LXFR
ALG	0.86	0.54	0.74	0.75	0.71		0.67	0.73	ALG
SMP	0.74	0.61	0.57	0.89	0.78	0.67		0.79	SMP
SPXC	0.83	0.6	0.73	0.92	0.63	0.73	0.79		SPXC
	TNC	KAI	TAYD	NPO	LXFR	ALG	SMP	SPXC

Risk-Adjusted Indicators

There is a big difference between Standex Stock performing well and Standex International 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 Standex International'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
TNC	1.44	(0.01)	0.02	0.08	1.63	(1.47)	3.18	(2.63)	6.72
KAI	1.81	(0.06)	0.02	0.07	2.26	(1.85)	4.12	(3.01)	13.11
TAYD	2.27	0.20	0.10	0.22	2.32	(2.50)	5.36	(3.89)	16.96
NPO	1.45	0.18	0.17	0.21	1.16	(1.82)	3.49	(2.36)	7.32
LXFR	1.65	0.02	0.04	0.11	1.81	(1.73)	3.95	(2.70)	8.95
ALG	1.18	0.01	0.03	0.10	1.21	(1.40)	2.55	(2.15)	7.73
SMP	1.82	0.27	0.18	0.25	1.60	(2.13)	3.99	(2.95)	13.07
SPXC	1.29	0.24	0.14	0.40	1.27	(1.44)	2.85	(2.34)	12.32

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC