Azek Correlations
| AZEKDelisted Stock | USD 54.35 0.14 0.26% |
The current 90-days correlation between Azek Company and Trex Company is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Azek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azek Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Azek Correlation With Market
Significant diversification
The correlation between Azek Company and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azek Company and DJI in the same portfolio, assuming nothing else is changed.
Azek |
Moving together with Azek Stock
| 0.62 | TT | Trane Technologies plc | PairCorr |
| 0.66 | APT | Alpha Pro Tech | PairCorr |
| 0.69 | AWI | Armstrong World Indu | PairCorr |
| 0.61 | GFF | Griffon | PairCorr |
| 0.77 | GMS | GMS Inc Sell-off Trend | PairCorr |
| 0.72 | JCI | Johnson Controls Int | PairCorr |
| 0.67 | LMB | Limbach Holdings | PairCorr |
| 0.64 | ILAG | Intelligent Living | PairCorr |
| 0.71 | PPIH | Perma Pipe Internati | PairCorr |
| 0.62 | ROCK | Gibraltar Industries | PairCorr |
| 0.75 | SPXC | SPX Corp | PairCorr |
| 0.74 | X | United States Steel | PairCorr |
| 0.68 | AA | Alcoa Corp | PairCorr |
| 0.66 | AG | First Majestic Silver | PairCorr |
| 0.65 | CE | Celanese | PairCorr |
Moving against Azek Stock
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 Azek Stock performing well and Azek 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 Azek'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TREX | 2.02 | (0.03) | 0.03 | 0.11 | 2.20 | 4.34 | 12.88 | |||
| NX | 2.64 | (0.17) | 0.01 | 0.06 | 2.52 | 6.46 | 15.60 | |||
| AWI | 0.95 | 0.17 | 0.16 | 0.29 | 0.77 | 2.72 | 6.91 | |||
| ROCK | 1.58 | 0.09 | 0.08 | 0.19 | 1.61 | 3.40 | 9.45 | |||
| APOG | 1.83 | (0.24) | 0.00 | (0.09) | 0.00 | 4.00 | 15.25 | |||
| NCNO | 1.43 | 0.30 | 0.18 | 0.51 | 1.11 | 4.12 | 6.88 | |||
| VRT | 2.45 | 0.70 | 0.30 | 0.52 | 2.12 | 7.43 | 14.55 | |||
| LESL | 4.26 | (0.51) | 0.00 | (0.29) | 0.00 | 8.22 | 20.60 | |||
| BHVN | 3.48 | (0.43) | 0.00 | (0.24) | 0.00 | 9.05 | 29.11 |
Azek Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Azek stock to make a market-neutral strategy. Peer analysis of Azek could also be used in its relative valuation, which is a method of valuing Azek by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Azek Corporate Management
| Gary Hendrickson | Independent Non-Executive Chairman of the Board | Profile | |
| Scott Winter | President - Commercial Segment | Profile | |
| Vernon Nagel | Independent Director | Profile | |
| Brian Klos | Independent Director | Profile | |
| Bobby Gentile | Senior Vice President - Operations | Profile | |
| Howard Heckes | Independent Director | Profile | |
| Bennett Rosenthal | Independent Director | Profile |
Still Interested in Azek Company?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.