Allient Correlations
| ALNT Stock | 38.59 0.44 1.13% |
The current 90-days correlation between Allient and Proficient Auto Logistics, is -0.04 (i.e., Good diversification). The correlation of Allient 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.
Allient Correlation With Market
Very weak diversification
The correlation between Allient and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allient and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Allient Stock
| 0.68 | FN | Fabrinet | PairCorr |
| 0.7 | FLEX | Flex | PairCorr |
| 0.74 | APH | Amphenol | PairCorr |
| 0.69 | ROG | Rogers | PairCorr |
| 0.71 | TEL | TE Connectivity | PairCorr |
| 0.63 | KOPN | Kopin | PairCorr |
| 0.75 | LFUS | Littelfuse | PairCorr |
| 0.63 | LPTH | LightPath Technologies | PairCorr |
| 0.82 | LYTS | LSI Industries | PairCorr |
| 0.67 | OUST | Ouster, Common Stock | PairCorr |
| 0.71 | REFR | Research Frontiers | PairCorr |
| 0.69 | SGMA | SigmaTron International | PairCorr |
| 0.74 | CPSH | Cps Technologies | PairCorr |
| 0.71 | DAIO | Data IO | PairCorr |
| 0.64 | DAKT | Daktronics | PairCorr |
| 0.91 | J | Jacobs Solutions | PairCorr |
| 0.9 | R | Ryder System | PairCorr |
| 0.92 | AL | Air Lease | PairCorr |
| 0.66 | AP | Ampco Pittsburgh | PairCorr |
| 0.61 | AZ | A2Z Smart Technologies Tech Boost | PairCorr |
| 0.89 | BA | Boeing Aggressive Push | PairCorr |
Moving against Allient Stock
| 0.72 | HOLO | MicroCloud Hologram Upward Rally | PairCorr |
| 0.48 | KULR | KULR Technology Group | PairCorr |
| 0.71 | G | Genpact Limited | PairCorr |
| 0.64 | MPTI | M tron Industries, | PairCorr |
| 0.34 | SELX | Semilux International | PairCorr |
Related Correlations Analysis
| -0.61 | -0.55 | -0.51 | -0.25 | 0.19 | 0.0 | PAL | ||
| -0.61 | 0.33 | 0.57 | 0.32 | 0.25 | 0.0 | B | ||
| -0.55 | 0.33 | 0.69 | 0.45 | -0.06 | 0.0 | CF | ||
| -0.51 | 0.57 | 0.69 | 0.31 | 0.31 | 0.0 | EMR | ||
| -0.25 | 0.32 | 0.45 | 0.31 | 0.38 | 0.0 | MARIF | ||
| 0.19 | 0.25 | -0.06 | 0.31 | 0.38 | 0.0 | CC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GTCDF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Allient Stock performing well and Allient 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 Allient'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PAL | 3.47 | 0.03 | (0.05) | (0.04) | 4.71 | 6.76 | 24.61 | |||
| B | 1.82 | 0.29 | 0.03 | 3.82 | 2.15 | 3.41 | 13.64 | |||
| CF | 1.25 | 0.49 | 0.15 | 7.19 | 1.32 | 2.98 | 10.32 | |||
| EMR | 1.32 | 0.27 | 0.21 | 0.44 | 1.05 | 3.49 | 15.41 | |||
| MARIF | 2.78 | 1.45 | 0.53 | 6.65 | 0.16 | 10.34 | 26.74 | |||
| CC | 3.46 | (0.07) | 0.07 | 0.21 | 3.87 | 7.86 | 34.02 | |||
| GTCDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Allient Corporate Management
| Helmut Pirthauer | VP Group | Profile | |
| Steve Warzala | Corporate Officer | Profile | |
| Joseph JD | Secretary | Profile | |
| Nicholas Hoffman | Secretary | Profile | |
| Rob Mastromattei | Chief Officer | Profile | |
| Joseph Kubarek | Secretary | Profile |