Flowserve Correlations

FLS Stock

USD 52.13 0.02 0.04%

The current 90-days correlation between Flowserve and IDEX Corporation is 0.84 (i.e., Very poor diversification). The correlation of Flowserve 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.

Flowserve Correlation With Market

Very poor diversification

The correlation between Flowserve and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flowserve and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Flowserve Stock

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

For more information on how to buy Flowserve Stock please use our How to Invest in Flowserve guide.

Moving together with Flowserve Stock

0.9	BW	Babcock Wilcox Enter	Pair Corr
0.79	CR	Crane Company	Pair Corr
0.92	HI	Hillenbrand	Pair Corr
0.93	IR	Ingersoll Rand	Pair Corr
0.93	PH	Parker Hannifin	Pair Corr
0.68	RR	Richtech Robotics Class Aggressive Push	Pair Corr
0.67	MKDWW	MKDWELL Tech Warrants	Pair Corr
0.95	ENOV	Enovis Corp	Pair Corr
0.81	EPAC	Enerpac Tool Group	Pair Corr
0.77	FBGL	FBS Global Limited	Pair Corr
0.77	FELE	Franklin Electric	Pair Corr
0.86	AME	Ametek Inc	Pair Corr
0.9	ATS	ATS Corporation	Pair Corr
0.93	CMI	Cummins	Pair Corr
0.8	CVV	CVD Equipment	Pair Corr
0.93	CXT	Crane NXT	Pair Corr
0.81	DCI	Donaldson	Pair Corr
0.95	DOV	Dover	Pair Corr
0.95	EMR	Emerson Electric	Pair Corr
0.72	ETN	Eaton PLC	Pair Corr
0.79	GGG	Graco Inc	Pair Corr
0.84	GHM	Graham	Pair Corr
0.74	GRC	Gorman Rupp	Pair Corr
0.91	IEX	IDEX	Pair Corr
0.78	ITT	ITT Inc	Pair Corr
0.77	ITW	Illinois Tool Works	Pair Corr
0.77	KAI	Kadant Inc	Pair Corr
0.72	MIR	Mirion Technologies	Pair Corr
0.88	XMTR	Xometry Downward Rally	Pair Corr
0.87	NNE	Nano Nuclear Energy	Pair Corr
0.86	NPO	Enpro Industries	Pair Corr
0.82	PNR	Pentair PLC	Pair Corr
0.82	ROK	Rockwell Automation	Pair Corr
0.87	RRX	Regal Beloit	Pair Corr
0.88	SMR	Nuscale Power Corp Upward Rally	Pair Corr

Moving against Flowserve Stock

0.75

HCAI

Hauchen AI Parking

Pair Corr

Related Correlations Analysis

	IEX	DCI	IR	FELE	GGG	AME	WTS	GRC	EPAC
IEX		0.93	0.93	0.83	0.94	0.97	0.7	0.92	0.91	IEX
DCI	0.93		0.93	0.77	0.97	0.93	0.78	0.92	0.9	DCI
IR	0.93	0.93		0.82	0.9	0.93	0.65	0.83	0.88	IR
FELE	0.83	0.77	0.82		0.79	0.87	0.33	0.73	0.83	FELE
GGG	0.94	0.97	0.9	0.79		0.95	0.76	0.94	0.92	GGG
AME	0.97	0.93	0.93	0.87	0.95		0.65	0.92	0.9	AME
WTS	0.7	0.78	0.65	0.33	0.76	0.65		0.79	0.63	WTS
GRC	0.92	0.92	0.83	0.73	0.94	0.92	0.79		0.84	GRC
EPAC	0.91	0.9	0.88	0.83	0.92	0.9	0.63	0.84		EPAC
	IEX	DCI	IR	FELE	GGG	AME	WTS	GRC	EPAC

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Risk-Adjusted Indicators

There is a big difference between Flowserve Stock performing well and Flowserve 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 Flowserve'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
IEX	1.36	0.04	0.00	(0.03)	0.00	0.00	3.57	(2.98)	11.25
DCI	1.33	0.09	0.05	0.02	1.88	(1.36)	2.59	(2.44)	11.07
IR	1.83	0.01	0.00	(0.06)	0.00	0.00	3.63	(3.55)	13.70
FELE	1.50	(0.08)	0.00	(0.15)	0.00	0.00	3.19	(2.67)	12.34
GGG	1.24	0.10	0.05	0.03	1.76	(1.24)	2.70	(2.26)	9.21
AME	1.33	0.05	0.00	(0.02)	0.00	0.00	2.83	(2.51)	8.97
WTS	1.85	0.37	0.18	0.25	1.79	(2.19)	5.66	(2.81)	13.89
GRC	1.54	0.19	0.07	0.10	2.23	(1.46)	2.92	(3.28)	12.21
EPAC	2.01	0.14	0.04	0.04	2.66	(2.01)	3.69	(3.37)	16.25

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