Mayville Engineering Correlations

MEC Stock

USD 13.16 0.05 0.38%

The correlation of Mayville Engineering 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.

Mayville Engineering Correlation With Market

Poor diversification

The correlation between Mayville Engineering Co and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mayville Engineering Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mayville Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mayville Engineering Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Mayville Stock

0.74	ESAB	ESAB Corp	Pair Corr
0.71	ATI	Allegheny Technologies Trending	Pair Corr
0.84	MLI	Mueller Industries	Pair Corr
0.79	HIHO	Highway Holdings	Pair Corr
0.8	CMPOW	CompoSecure	Pair Corr
0.91	PRLB	Proto Labs	Pair Corr
0.85	SGBX	SG Blocks	Pair Corr
0.83	TPCS	TechPrecision Common	Pair Corr
0.83	CMPO	CompoSecure	Pair Corr
0.71	G	Genpact Limited Earnings Call Tomorrow	Pair Corr
0.85	J	Jacobs Solutions Downward Rally	Pair Corr
0.84	R	Ryder System Earnings Call Today	Pair Corr
0.87	BE	Bloom Energy Corp Earnings Call Tomorrow	Pair Corr
0.96	BW	Babcock Wilcox Enter Earnings Call Tomorrow	Pair Corr
0.78	CP	Canadian Pacific Railway	Pair Corr
0.86	CR	Crane Company	Pair Corr
0.61	DE	Deere Company	Pair Corr
0.63	DY	Dycom Industries	Pair Corr
0.61	EH	Ehang Holdings	Pair Corr
0.76	FA	First Advantage Corp Earnings Call Tomorrow	Pair Corr
0.64	GE	GE Aerospace Sell-off Trend	Pair Corr
0.91	GP	GreenPower Motor	Pair Corr
0.94	HI	Hillenbrand	Pair Corr

Moving against Mayville Stock

0.61	WOR	Worthington Industries	Pair Corr
0.67	GD	General Dynamics	Pair Corr
0.45	AZ	A2Z Smart Technologies	Pair Corr

Related Correlations Analysis

	HAYN	IIIN	GIFI	ESAB	NWPX	AP	RYI	WOR	ATI	CRS
HAYN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HAYN
IIIN	0.0		0.73	0.38	0.18	0.09	-0.12	0.38	0.49	0.6	IIIN
GIFI	0.0	0.73		0.47	0.5	0.48	-0.08	0.19	0.66	0.64	GIFI
ESAB	0.0	0.38	0.47		0.61	0.46	0.37	-0.29	0.78	0.71	ESAB
NWPX	0.0	0.18	0.5	0.61		0.46	0.1	-0.4	0.64	0.35	NWPX
AP	0.0	0.09	0.48	0.46	0.46		-0.07	-0.12	0.5	0.31	AP
RYI	0.0	-0.12	-0.08	0.37	0.1	-0.07		-0.39	0.09	0.38	RYI
WOR	0.0	0.38	0.19	-0.29	-0.4	-0.12	-0.39		-0.16	-0.04	WOR
ATI	0.0	0.49	0.66	0.78	0.64	0.5	0.09	-0.16		0.78	ATI
CRS	0.0	0.6	0.64	0.71	0.35	0.31	0.38	-0.04	0.78		CRS
	HAYN	IIIN	GIFI	ESAB	NWPX	AP	RYI	WOR	ATI	CRS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ATI	+ 0.78	ESAB
CRS	+ 0.78	ATI
GIFI	+ 0.73	IIIN
CRS	+ 0.71	ESAB
ATI	+ 0.66	GIFI
CRS	+ 0.64	GIFI

High negative correlations

WOR	- 0.4	NWPX
WOR	- 0.39	RYI
WOR	- 0.29	ESAB
ATI	- 0.16	WOR
WOR	- 0.12	AP
RYI	- 0.12	IIIN

Risk-Adjusted Indicators

There is a big difference between Mayville Stock performing well and Mayville Engineering 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 Mayville Engineering'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
HAYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IIIN	2.09	0.43	0.20	0.34	1.97	(2.61)	7.15	(3.15)	17.76
GIFI	2.12	0.03	0.00	(0.08)	0.00	0.00	5.61	(4.70)	13.36
ESAB	2.06	0.20	0.05	0.01	2.73	(2.15)	3.90	(4.49)	16.36
NWPX	1.94	(0.21)	0.00	(0.36)	0.00	0.00	3.60	(4.52)	14.98
AP	3.40	0.10	0.00	(0.03)	0.00	0.00	7.22	(6.81)	33.21
RYI	2.58	0.04	0.00	(0.09)	0.00	0.00	5.69	(5.77)	25.71
WOR	2.16	0.56	0.22	0.42	2.12	(2.33)	4.40	(3.50)	29.47
ATI	2.88	0.58	0.12	0.15	3.37	(3.49)	9.94	(4.73)	21.97
CRS	2.75	0.45	0.09	0.11	3.37	(3.34)	6.21	(6.16)	20.33

Mayville Engineering Corporate Executives

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

Todd Butz	Chief Financial Officer, Secretary	Profile
Randall Stille	Chief Operating Officer	Profile
Steve Mance	Chief Operating Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC