GrafTech International Correlations

EAF Stock

USD 1.46 0.37 33.94%

The current 90-days correlation between GrafTech International and Kimball Electronics is -0.1 (i.e., Good diversification). The correlation of GrafTech International 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.

GrafTech International Correlation With Market

Modest diversification

The correlation between GrafTech International and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GrafTech International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GrafTech Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in GrafTech International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in GrafTech Stock please use our How to Invest in GrafTech International guide.

Moving together with GrafTech Stock

0.67	BE	Bloom Energy Corp	Pair Corr
0.81	KE	Kimball Electronics	Pair Corr
0.85	ELVA	Electrovaya Common Shares	Pair Corr
0.89	FCEL	FuelCell Energy	Pair Corr
0.64	AYI	Acuity Brands	Pair Corr
0.73	ESP	Espey Mfg Electronics	Pair Corr
0.79	NVT	nVent Electric PLC	Pair Corr
0.68	SVT	Servotronics	Pair Corr
0.79	VRT	Vertiv Holdings Earnings Call This Week	Pair Corr
0.79	HUBB	Hubbell	Pair Corr
0.85	LTBR	Lightbridge Corp	Pair Corr
0.91	MVST	Microvast Holdings Buyout Trend	Pair Corr
0.77	OPTT	Ocean Power Technologies	Pair Corr
0.87	MVSTW	Microvast Holdings	Pair Corr

Moving against GrafTech Stock

0.75	ENR	Energizer Holdings	Pair Corr
0.73	GWH	ESS Tech	Pair Corr
0.44	ELPW	Elong Power Holding	Pair Corr
0.4	EPOW	Sunrise New Energy	Pair Corr
0.67	STI	Solidion Technology	Pair Corr
0.57	ADSEW	ADS TEC ENERGY	Pair Corr
0.51	GAUZ	Gauzy Ordinary	Pair Corr
0.8	OESX	Orion Energy Systems	Pair Corr
0.78	POLA	Polar Power	Pair Corr
0.54	ADSE	Ads Tec Energy	Pair Corr

Related Correlations Analysis

	ENR	KE	ESP	ENS	GTES	ALSN	INVA	QVCGA	ATKR
ENR		-0.86	-0.69	-0.09	-0.78	-0.26	-0.67	0.72	-0.64	ENR
KE	-0.86		0.85	0.25	0.94	0.35	0.56	-0.85	0.84	KE
ESP	-0.69	0.85		0.01	0.91	-0.07	0.5	-0.85	0.84	ESP
ENS	-0.09	0.25	0.01		0.32	0.49	-0.24	0.12	0.39	ENS
GTES	-0.78	0.94	0.91	0.32		0.24	0.45	-0.76	0.94	GTES
ALSN	-0.26	0.35	-0.07	0.49	0.24		0.13	-0.12	0.19	ALSN
INVA	-0.67	0.56	0.5	-0.24	0.45	0.13		-0.71	0.28	INVA
QVCGA	0.72	-0.85	-0.85	0.12	-0.76	-0.12	-0.71		-0.64	QVCGA
ATKR	-0.64	0.84	0.84	0.39	0.94	0.19	0.28	-0.64		ATKR
	ENR	KE	ESP	ENS	GTES	ALSN	INVA	QVCGA	ATKR

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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

GTES	+ 0.94	KE
ATKR	+ 0.94	GTES
GTES	+ 0.91	ESP
ESP	+ 0.85	KE
ATKR	+ 0.84	KE
ATKR	+ 0.84	ESP

High negative correlations

KE	- 0.86	ENR
QVCGA	- 0.85	ESP
QVCGA	- 0.85	KE
GTES	- 0.78	ENR
QVCGA	- 0.76	GTES
QVCGA	- 0.71	INVA

Risk-Adjusted Indicators

There is a big difference between GrafTech Stock performing well and GrafTech International 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 GrafTech International'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
ENR	1.81	(0.34)	0.00	(0.16)	0.00	0.00	3.23	(4.12)	12.33
KE	1.75	0.56	0.29	3.02	1.11	(2.21)	3.48	(2.58)	28.41
ESP	2.04	0.84	0.37	5.05	1.33	(2.56)	5.91	(3.82)	14.85
ENS	1.55	(0.06)	0.00	0.09	2.99	(1.57)	3.68	(2.68)	20.91
GTES	1.36	0.36	0.29	0.40	0.84	(1.56)	3.57	(1.72)	8.29
ALSN	1.25	(0.20)	0.00	(0.03)	0.00	0.00	3.01	(2.93)	8.81
INVA	0.99	0.12	0.00	2.32	1.04	(1.04)	1.94	(1.88)	6.14
QVCGA	6.80	(1.03)	0.00	25.11	0.00	0.00	16.04	(18.05)	71.18
ATKR	1.68	0.20	0.16	0.26	1.33	(2.04)	4.02	(2.51)	15.01

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