Transcat Correlations

TRNS Stock

USD 77.98 2.24 2.79%

The current 90-days correlation between Transcat and BlueLinx Holdings is 0.37 (i.e., Weak diversification). The correlation of Transcat 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Transcat Correlation With Market

Modest diversification

The correlation between Transcat and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transcat and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Transcat Stock

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

For more information on how to buy Transcat Stock please use our How to Invest in Transcat guide.

Moving together with Transcat Stock

0.73	TH	Target Hospitality Corp	Pair Corr
0.74	YSXT	YSX Tech Co,	Pair Corr
0.75	AZ	A2Z Smart Technologies	Pair Corr
0.64	BV	BrightView Holdings	Pair Corr
0.62	CW	Curtiss Wright	Pair Corr
0.61	DY	Dycom Industries	Pair Corr
0.61	FA	First Advantage Corp	Pair Corr
0.65	GD	General Dynamics	Pair Corr

Moving against Transcat Stock

0.79	GPN	Global Payments	Pair Corr
0.77	NISN	Nisun International	Pair Corr
0.71	SGRP	SPAR Group	Pair Corr
0.69	G	Genpact Limited	Pair Corr
0.64	BE	Bloom Energy Corp	Pair Corr
0.35	SST	System1 Earnings Call This Week	Pair Corr
0.78	HI	Hillenbrand	Pair Corr
0.76	MG	Mistras Group	Pair Corr
0.74	EH	Ehang Holdings	Pair Corr
0.69	GP	GreenPower Motor	Pair Corr
0.68	OP	Oceanpal	Pair Corr
0.67	KC	Kingsoft Cloud Holdings	Pair Corr
0.59	NX	Quanex Building Products Buyout Trend	Pair Corr
0.54	HY	Hyster Yale Materials	Pair Corr
0.43	OC	Owens Corning Sell-off Trend	Pair Corr
0.34	BW	Babcock Wilcox Enter	Pair Corr

Related Correlations Analysis

	BXC	SITE	DXPE	CNM	DSGR	GIC	AIT	POOL	FAST	MSM
BXC		0.5	-0.01	-0.66	0.68	-0.58	0.19	0.67	-0.65	-0.12	BXC
SITE	0.5		0.5	0.06	0.53	0.33	0.5	0.68	0.02	0.5	SITE
DXPE	-0.01	0.5		0.36	-0.03	0.47	0.56	-0.1	0.33	0.38	DXPE
CNM	-0.66	0.06	0.36		-0.23	0.79	0.3	-0.45	0.8	0.59	CNM
DSGR	0.68	0.53	-0.03	-0.23		-0.16	0.21	0.7	-0.29	0.27	DSGR
GIC	-0.58	0.33	0.47	0.79	-0.16		0.26	-0.15	0.7	0.65	GIC
AIT	0.19	0.5	0.56	0.3	0.21	0.26		0.13	0.4	0.61	AIT
POOL	0.67	0.68	-0.1	-0.45	0.7	-0.15	0.13		-0.35	0.17	POOL
FAST	-0.65	0.02	0.33	0.8	-0.29	0.7	0.4	-0.35		0.72	FAST
MSM	-0.12	0.5	0.38	0.59	0.27	0.65	0.61	0.17	0.72		MSM
	BXC	SITE	DXPE	CNM	DSGR	GIC	AIT	POOL	FAST	MSM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FAST	+ 0.8	CNM
GIC	+ 0.79	CNM
MSM	+ 0.72	FAST
POOL	+ 0.7	DSGR
FAST	+ 0.7	GIC
DSGR	+ 0.68	BXC

High negative correlations

CNM	- 0.66	BXC
FAST	- 0.65	BXC
GIC	- 0.58	BXC
POOL	- 0.45	CNM
FAST	- 0.35	POOL
FAST	- 0.29	DSGR

Risk-Adjusted Indicators

There is a big difference between Transcat Stock performing well and Transcat 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 Transcat'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
BXC	2.29	(0.15)	0.00	(0.15)	0.00	0.00	4.74	(4.76)	17.47
SITE	1.92	0.00	0.00	0.00	2.20	(2.27)	5.09	(3.48)	13.57
DXPE	2.33	0.03	0.01	0.02	2.96	(2.52)	5.07	(5.37)	18.14
CNM	1.83	0.37	0.17	(1.89)	1.77	(2.07)	3.52	(2.86)	13.38
DSGR	2.16	(0.01)	0.00	(0.92)	0.00	0.00	5.25	(4.16)	16.90
GIC	1.71	0.31	0.18	0.38	1.49	(2.06)	3.51	(2.48)	17.99
AIT	2.04	0.04	0.01	0.02	2.38	(2.73)	4.47	(4.71)	18.57
POOL	1.78	(0.19)	0.00	(0.22)	0.00	0.00	3.49	(3.80)	14.43
FAST	1.43	0.22	0.11	0.25	1.58	(1.59)	2.98	(3.04)	12.17
MSM	1.60	0.10	0.05	0.09	1.88	(1.70)	3.43	(2.95)	11.16

Transcat Corporate Management

James JD	Corporate Officer	Profile
Scott Deverell	Principal Accounting Officer, Corporate Controller	Profile
Mark Doheny	Chief Officer	Profile
Thomas Barbato	Chief Officer	Profile
Theresa Conroy	Senior Resources	Profile

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