ITT Correlations

ITT Stock

USD 150.81 0.15 0.1%

The current 90-days correlation between ITT Inc and IDEX Corporation is 0.9 (i.e., Almost no diversification). The correlation of ITT 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.

ITT Correlation With Market

Very poor diversification

The correlation between ITT Inc and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ITT Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ITT Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITT Inc. 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 ITT Stock

0.71	BW	Babcock Wilcox Enter	Pair Corr
0.95	CR	Crane Company	Pair Corr
0.83	IR	Ingersoll Rand	Pair Corr
0.95	PH	Parker Hannifin	Pair Corr
0.61	RR	Richtech Robotics Class	Pair Corr
0.88	AME	Ametek Inc	Pair Corr
0.83	ATS	ATS Corporation	Pair Corr
0.79	CMI	Cummins	Pair Corr
0.8	CXT	Crane NXT	Pair Corr
0.9	DCI	Donaldson	Pair Corr
0.81	DOV	Dover	Pair Corr
0.91	EMR	Emerson Electric	Pair Corr
0.97	ETN	Eaton PLC	Pair Corr
0.69	FLS	Flowserve	Pair Corr
0.92	GEV	GE Vernova LLC	Pair Corr
0.88	GGG	Graco Inc	Pair Corr
0.87	GHM	Graham	Pair Corr
0.84	GRC	Gorman Rupp	Pair Corr
0.76	IEX	IDEX	Pair Corr
0.64	ITW	Illinois Tool Works	Pair Corr
0.91	MIR	Mirion Technologies	Pair Corr
0.95	XMTR	Xometry	Pair Corr
0.63	NNE	Nano Nuclear Energy	Pair Corr
0.88	NPO	Enpro Industries	Pair Corr
0.98	PNR	Pentair PLC	Pair Corr
0.92	ROK	Rockwell Automation Sell-off Trend	Pair Corr
0.91	RRX	Regal Beloit	Pair Corr
0.78	SMR	Nuscale Power Corp Downward Rally	Pair Corr
0.91	SYM	Symbotic	Pair Corr

Moving against ITT Stock

0.45	FBGL	FBS Global Limited	Pair Corr
0.31	MKDWW	MKDWELL Tech Warrants	Pair Corr
0.46	INLF	INLIF LIMITED Ordinary Buyout Trend	Pair Corr

Related Correlations Analysis

	XYL	IEX	WTS	FLS	IR
XYL		0.88	0.92	0.82	0.93	XYL
IEX	0.88		0.74	0.94	0.93	IEX
WTS	0.92	0.74		0.66	0.83	WTS
FLS	0.82	0.94	0.66		0.92	FLS
IR	0.93	0.93	0.83	0.92		IR
	XYL	IEX	WTS	FLS	IR

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Risk-Adjusted Indicators

There is a big difference between ITT Stock performing well and ITT 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 ITT'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
XYL	1.28	0.02	0.01	0.04	1.79	(1.33)	2.89	(2.11)	9.98
IEX	1.37	(0.08)	0.00	(0.06)	0.00	0.00	3.57	(3.67)	11.25
WTS	1.54	0.19	0.10	0.18	1.70	(1.74)	3.97	(2.56)	13.45
FLS	2.04	(0.10)	0.00	(0.04)	0.00	0.00	3.71	(6.16)	19.20
IR	1.59	(0.04)	0.00	(0.01)	0.00	0.00	3.23	(3.22)	13.09

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