Arts Way Correlations
| ARTW Stock | USD 2.56 0.01 0.39% |
The current 90-days correlation between Arts Way Manufacturing and AmeraMex International is -0.13 (i.e., Good diversification). The correlation of Arts Way 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.
Arts Way Correlation With Market
Average diversification
The correlation between Arts Way Manufacturing Co and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arts Way Manufacturing Co and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Arts Stock
| 0.73 | ALG | Alamo Group | PairCorr |
| 0.67 | CNH | CNH Industrial NV Sell-off Trend | PairCorr |
| 0.76 | MTW | Manitowoc | PairCorr |
| 0.84 | OSK | Oshkosh | PairCorr |
| 0.72 | TEX | Terex | PairCorr |
| 0.72 | TWI | Titan International | PairCorr |
| 0.64 | GENC | Gencor Industries | PairCorr |
| 0.61 | HYFM | Hydrofarm Holdings | PairCorr |
| 0.79 | REVG | Rev Group | PairCorr |
| 0.71 | AGCO | AGCO | PairCorr |
| 0.65 | GD | General Dynamics Earnings Call This Week | PairCorr |
Moving against Arts Stock
| 0.72 | UGRO | Urban Gro | PairCorr |
| 0.35 | GP | GreenPower Motor | PairCorr |
| 0.5 | PC | Premium Catering | PairCorr |
| 0.46 | NL | NL Industries | PairCorr |
| 0.41 | RR | Richtech Robotics Class Aggressive Push | PairCorr |
| 0.34 | FC | Franklin Covey | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Arts Stock performing well and Arts Way 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 Arts Way'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGGZF | 1.02 | 0.36 | 0.19 | 0.91 | 0.00 | 3.33 | 10.79 | |||
| AMMX | 3.67 | (0.63) | 0.00 | 0.72 | 0.00 | 11.11 | 41.26 | |||
| ALG | 1.15 | 0.38 | 0.37 | 0.60 | 0.39 | 2.90 | 9.25 | |||
| LNN | 1.08 | 0.09 | 0.05 | 0.24 | 0.94 | 2.74 | 6.45 | |||
| APWC | 1.96 | 0.16 | 0.02 | 3.76 | 2.25 | 4.35 | 13.22 | |||
| ELSE | 2.40 | 0.26 | 0.02 | (4.01) | 4.11 | 4.22 | 39.66 | |||
| ASRV | 1.67 | 0.52 | 0.18 | 1.61 | 1.79 | 3.91 | 15.47 | |||
| NSYS | 2.75 | 0.25 | 0.02 | (0.81) | 3.63 | 5.38 | 23.21 | |||
| SMIT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Arts Way Corporate Management
| Brian Wrightsman | Vice MFG | Profile | |
| Emily Bailey | Marketing MFG | Profile | |
| Michael Woods | Principal Accounting Officer, Controller | Profile | |
| Michael CPA | Chief Officer | Profile | |
| Mike Loux | Director MFG | Profile |