Johnson Controls Correlations

TYIA Stock

EUR 116.30 1.28 1.11%

The current 90-days correlation between Johnson Controls and Applied Materials is 0.09 (i.e., Significant diversification).The correlation coefficient for Johnson Controls ranges from -1 to +1. Values above 0.8 suggest strong positive correlation - both assets move together - while values below -0.5 suggest a useful diversification pairing.

Correlation With Market: Johnson Controls

Modest diversification

Across the chosen horizon, TYIA and DJI show a correlation of 0.2 and fall into the Modest diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

This correlation view provides context for how Johnson Controls relates to similar exposures. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.

Moving together with Johnson Stock

0.77	6FO	GOODTECH ASA A	Pair Corr
0.82	7EL	Elis SA	Pair Corr
0.76	GLE	Gladstone Commercial	Pair Corr
0.86	DLS	Delta Electronics Public	Pair Corr
0.77	CFSL	Coca Cola FEMSA	Pair Corr
0.64	4GC	National Storage	Pair Corr
0.73	B4B3	Metro AG vz	Pair Corr
0.7	KSX	Knight Swift	Pair Corr
0.63	MOB	Monster Beverage Corp	Pair Corr
0.62	0SU	DigitalOcean Holdings	Pair Corr
0.94	CWW	Commonwealth Bank	Pair Corr
0.77	UHR	Swatch Group	Pair Corr
0.7	T6W	THAI BEVERAGE	Pair Corr
0.76	N07A	PASOFINO GOLD LTD Earnings Call This Week	Pair Corr
0.79	312	Elma Electronic AG	Pair Corr
0.89	EGB	Ensign Group	Pair Corr
0.92	AIL	LAir Liquide SA	Pair Corr
0.7	CTO0	COSTCO WHOLESALE CDR	Pair Corr
0.79	SM2	Semtech Earnings Call This Week	Pair Corr
0.64	0SU	DigitalOcean Holdings	Pair Corr
0.61	C6G	COSCO SHIPPING Holdings Earnings Call This Week	Pair Corr
0.8	WE7	Evolution Mining	Pair Corr

Moving against Johnson Stock

0.89	9MDA	MEITUAN UNSPADR/2B Earnings Call Next Week	Pair Corr
0.77	ESLC	ESSILORLUXOTTICA 12ON	Pair Corr
0.77	99Q	ENTREPARTICULIERS EO	Pair Corr
0.74	PP1	Papa Johns International	Pair Corr
0.73	MLB1	MercadoLibre	Pair Corr
0.84	C7K	Cohort PLC	Pair Corr
0.33	55H0	MP Materials Corp	Pair Corr

Related Correlations Analysis

	AP2	AP2	CDZ0	MEL	MEL	06MA	IC1B	EM7A
AP2		0.99	0.16	0.56	0.49	-0.59	0.1	0.38	AP2
AP2	0.99		0.17	0.55	0.48	-0.61	0.08	0.41	AP2
CDZ0	0.16	0.17		0.23	0.17	-0.03	0.27	0.06	CDZ0
MEL	0.56	0.55	0.23		0.93	-0.41	0.4	-0.03	MEL
MEL	0.49	0.48	0.17	0.93		-0.37	0.46	-0.11	MEL
06MA	-0.59	-0.61	-0.03	-0.41	-0.37		-0.11	-0.38	06MA
IC1B	0.1	0.08	0.27	0.4	0.46	-0.11		-0.01	IC1B
EM7A	0.38	0.41	0.06	-0.03	-0.11	-0.38	-0.01		EM7A
	AP2	AP2	CDZ0	MEL	MEL	06MA	IC1B	EM7A

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

AP2	+ 0.99	AP2
MEL	+ 0.93	MEL
MEL	+ 0.56	AP2
MEL	+ 0.55	AP2
MEL	+ 0.49	AP2
MEL	+ 0.48	AP2

High negative correlations

06MA	- 0.61	AP2
06MA	- 0.59	AP2
06MA	- 0.41	MEL
EM7A	- 0.38	06MA
06MA	- 0.37	MEL
IC1B	- 0.11	06MA

Risk-Adjusted Indicators

There is a big difference between Johnson Stock performing well and Johnson Controls 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 Johnson Controls' 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
AP2	2.53	0.53	0.18	0.62	2.56	-2.79	8.03	-5.66	17.20
AP2	2.33	0.46	0.16	0.53	2.53	-2.51	5.66	-4.84	13.81
CDZ0	1.62	-0.05	0.00	-1.64	0.00	0.00	3.62	-4.26	11.40
MEL	1.33	0.15	0.11	1.33	1.38	-1.48	2.68	-2.28	10.34
MEL	1.22	0.14	0.10	1.15	1.35	-1.44	2.65	-2.37	10.97
06MA	2.37	-0.14	0.00	-0.12	0.00	0.00	6.58	-4.53	19.04
IC1B	1.42	-0.03	0.00	0.06	0.00	0.00	3.36	-2.63	11.05
EM7A	1.72	0.03	0.01	-0.48	2.14	-4.77	4.35	-4.17	20.19

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Johnson Controls International is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

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Johnson Controls Corporate Management

Governance review matters for Johnson Controls International because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.

Chris Bontempo	VP Officer	Profile
Kathleen JD	Chief VP	Profile
Daniel McConeghy	VP Officer	Profile
John Donofrio	Exec Counsel	Profile
Christopher Scalia	Executive Officer	Profile
Vijay Sankaran	VP Officer	Profile
James Lucas	Vice Relations	Profile

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