Gencor Industries Correlations

GENC Stock

USD 13.84 0.36 2.54%

The current 90-days correlation between Gencor Industries and Shyft Group is -0.02 (i.e., Good diversification). The correlation of Gencor Industries 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.

Gencor Industries Correlation With Market

Weak diversification

The correlation between Gencor Industries and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gencor Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gencor Stock

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

For information on how to trade Gencor Stock refer to our How to Trade Gencor Stock guide.

Moving together with Gencor Stock

0.86	DE	Deere Company	Pair Corr
0.68	HY	Hyster Yale Materials	Pair Corr
0.92	ALG	Alamo Group	Pair Corr
0.88	CAT	Caterpillar	Pair Corr
0.87	CNH	CNH Industrial NV Sell-off Trend	Pair Corr
0.81	LNN	Lindsay	Pair Corr
0.91	MTW	Manitowoc	Pair Corr
0.88	OSK	Oshkosh	Pair Corr
0.9	TEX	Terex Earnings Call Next Week	Pair Corr
0.77	TWI	Titan International	Pair Corr
0.7	HYFM	Hydrofarm Holdings	Pair Corr
0.77	PCAR	PACCAR Inc Earnings Call Tomorrow	Pair Corr
0.89	REVG	Rev Group	Pair Corr
0.87	AGCO	AGCO	Pair Corr
0.68	ARTW	Arts Way Manufacturing	Pair Corr
0.82	ASTE	Astec Industries	Pair Corr
0.76	SHYF	Shyft Group Earnings Call This Week	Pair Corr
0.9	BLBD	Blue Bird Corp	Pair Corr
0.85	J	Jacobs Solutions	Pair Corr
0.78	R	Ryder System Earnings Call This Week	Pair Corr
0.9	AL	Air Lease	Pair Corr
0.8	AP	Ampco Pittsburgh	Pair Corr
0.79	AZ	A2Z Smart Technologies	Pair Corr
0.88	BA	Boeing	Pair Corr
0.79	BE	Bloom Energy Corp	Pair Corr
0.76	BV	BrightView Holdings	Pair Corr
0.86	BW	Babcock Wilcox Enter	Pair Corr
0.8	CP	Canadian Pacific Railway Earnings Call Next Week	Pair Corr
0.93	CR	Crane Company Earnings Call Next Week	Pair Corr

Moving against Gencor Stock

0.72	HCAI	Huachen AI Parking	Pair Corr
0.55	XOS	Xos Inc	Pair Corr
0.42	GP	GreenPower Motor	Pair Corr
0.89	UGRO	Urban Gro	Pair Corr
0.72	MG	Mistras Group	Pair Corr
0.67	NL	NL Industries	Pair Corr
0.59	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	ASTE	HY	SHYF	REVG	FEIM	EML	GCBC	GBLI	JCTC
ASTE		0.83	0.49	0.72	0.44	0.84	0.52	0.47	-0.21	ASTE
HY	0.83		0.41	0.62	0.22	0.74	0.67	0.24	-0.3	HY
SHYF	0.49	0.41		0.89	0.78	0.58	0.65	0.74	-0.45	SHYF
REVG	0.72	0.62	0.89		0.73	0.77	0.67	0.71	-0.35	REVG
FEIM	0.44	0.22	0.78	0.73		0.44	0.41	0.72	-0.15	FEIM
EML	0.84	0.74	0.58	0.77	0.44		0.58	0.51	-0.36	EML
GCBC	0.52	0.67	0.65	0.67	0.41	0.58		0.25	-0.46	GCBC
GBLI	0.47	0.24	0.74	0.71	0.72	0.51	0.25		-0.35	GBLI
JCTC	-0.21	-0.3	-0.45	-0.35	-0.15	-0.36	-0.46	-0.35		JCTC
	ASTE	HY	SHYF	REVG	FEIM	EML	GCBC	GBLI	JCTC

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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

REVG	+ 0.89	SHYF
EML	+ 0.84	ASTE
HY	+ 0.83	ASTE
FEIM	+ 0.78	SHYF
EML	+ 0.77	REVG
EML	+ 0.74	HY

High negative correlations

JCTC	- 0.46	GCBC
JCTC	- 0.45	SHYF
JCTC	- 0.36	EML
JCTC	- 0.35	GBLI
JCTC	- 0.35	REVG
JCTC	- 0.3	HY

Risk-Adjusted Indicators

There is a big difference between Gencor Stock performing well and Gencor Industries 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 Gencor Industries' 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
ASTE	1.63	(0.01)	0.03	0.12	1.63	(1.98)	4.04	(3.49)	10.72
HY	1.65	(0.04)	0.00	0.10	1.89	(1.80)	4.61	(3.36)	11.07
SHYF	2.93	0.45	0.14	0.50	3.13	(3.35)	5.04	(6.16)	32.72
REVG	1.67	0.43	0.27	0.49	1.23	(2.06)	4.43	(2.27)	17.63
FEIM	3.28	0.31	0.07	0.50	3.87	(3.59)	7.37	(5.82)	27.35
EML	1.91	(0.02)	(0.02)	0.10	2.44	(1.94)	3.50	(3.18)	14.34
GCBC	1.88	0.11	0.08	0.21	1.83	(2.17)	4.37	(3.14)	9.54
GBLI	1.53	0.17	0.00	(0.37)	1.78	(2.23)	4.95	(4.24)	11.41
JCTC	1.69	(0.20)	0.00	(0.61)	0.00	0.00	3.02	(3.42)	14.34

Gencor Industries Corporate Executives

Elected by the shareholders, the Gencor Industries' board of directors comprises two types of representatives: Gencor Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gencor. The board's role is to monitor Gencor Industries' management team and ensure that shareholders' interests are well served. Gencor Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gencor Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.

Eric Mellen

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