GATX Correlations

GATX Stock

USD 156.00 1.20 0.78%

The current 90-days correlation between GATX and McGrath RentCorp is -0.03 (i.e., Good diversification). The correlation of GATX 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.

GATX Correlation With Market

Good diversification

The correlation between GATX Corp. and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GATX Corp. and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GATX Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with GATX Stock

0.72	R	Ryder System Earnings Call This Week	Pair Corr
0.63	AL	Air Lease	Pair Corr
0.63	AER	AerCap Holdings NV	Pair Corr
0.77	CAR	Avis Budget Group	Pair Corr
0.67	PRG	PROG Holdings Earnings Call This Week	Pair Corr
0.72	URI	United Rentals Earnings Call This Week	Pair Corr
0.72	FTAIM	FTAI Aviation Earnings Call This Week	Pair Corr
0.62	FTAIN	Fortress Transportation Earnings Call This Week	Pair Corr
0.73	MGRC	McGrath RentCorp Earnings Call This Week	Pair Corr
0.75	TRTN-PC	Triton International	Pair Corr
0.74	TRTN-PD	Triton International	Pair Corr
0.82	TRTN-PA	Triton International	Pair Corr
0.75	TRTN-PB	Triton International	Pair Corr
0.83	ALTG	Alta Equipment Group	Pair Corr
0.71	ALTG-PA	Alta Equipment Group	Pair Corr
0.71	CTOS	Custom Truck One	Pair Corr
0.69	J	Jacobs Solutions	Pair Corr
0.71	AP	Ampco Pittsburgh	Pair Corr
0.74	AZ	A2Z Smart Technologies	Pair Corr
0.71	BA	Boeing	Pair Corr
0.82	BE	Bloom Energy Corp	Pair Corr
0.81	BW	Babcock Wilcox Enter	Pair Corr
0.67	CP	Canadian Pacific Railway	Pair Corr

Moving against GATX Stock

0.55	VSTS	Vestis	Pair Corr
0.52	MWG	Multi Ways Holdings	Pair Corr
0.36	FPAY	FlexShopper	Pair Corr
0.4	G	Genpact Limited	Pair Corr
0.39	ZCAR	Zoomcar Holdings	Pair Corr
0.35	ZCARW	Zoomcar Holdings	Pair Corr
0.57	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	MGRC	CTOS	HRI	ALTG	HWC	FMAO	EGBN
MGRC		0.81	0.84	0.79	0.89	0.66	0.16	MGRC
CTOS	0.81		0.68	0.88	0.88	0.67	0.32	CTOS
HRI	0.84	0.68		0.7	0.86	0.72	0.49	HRI
ALTG	0.79	0.88	0.7		0.83	0.61	0.5	ALTG
HWC	0.89	0.88	0.86	0.83		0.85	0.41	HWC
FMAO	0.66	0.67	0.72	0.61	0.85		0.44	FMAO
EGBN	0.16	0.32	0.49	0.5	0.41	0.44		EGBN
	MGRC	CTOS	HRI	ALTG	HWC	FMAO	EGBN

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Risk-Adjusted Indicators

There is a big difference between GATX Stock performing well and GATX 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 GATX'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
MGRC	1.27	(0.01)	(0.01)	0.12	1.34	(1.35)	2.35	(2.51)	6.36
CTOS	2.43	0.92	0.30	(1.36)	1.93	(3.17)	7.04	(4.17)	16.82
HRI	2.75	0.02	0.04	0.14	3.08	(3.01)	6.31	(5.23)	17.36
ALTG	3.38	0.96	0.27	251.56	2.52	(4.04)	8.33	(4.66)	23.70
HWC	1.36	0.19	0.15	0.27	1.31	(1.55)	2.92	(2.57)	8.95
FMAO	2.03	0.16	0.07	0.26	2.46	(2.18)	4.72	(4.72)	15.10
EGBN	2.08	0.24	0.03	(1.59)	2.85	(2.19)	4.40	(3.69)	15.25

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