Moog Correlations

MOG-A Stock

USD 201.50 1.57 0.79%

The current 90-days correlation between Moog Inc and Gates Industrial is 0.43 (i.e., Very weak diversification). The correlation of Moog 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.

Moog Correlation With Market

Good diversification

The correlation between Moog Inc and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moog Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Moog Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Moog 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 state.

Moving together with Moog Stock

0.65	601311	Camel Group	Pair Corr
0.68	BBL	Bharat Bijlee Limited	Pair Corr
0.61	EFOI	Energy Focu	Pair Corr
0.61	ELVA	Electrovaya Common Shares	Pair Corr
0.68	ENVX	Enovix Corp Earnings Call Tomorrow	Pair Corr
0.8	EOSE	Eos Energy Enterprises Earnings Call Today	Pair Corr
0.69	300763	Ningbo Ginlong Techn	Pair Corr

Moving against Moog Stock

0.71	GENUSPOWER	Genus Power Infrastr	Pair Corr
0.7	RAMRAT	Ram Ratna Wires	Pair Corr
0.68	PN	Skycorp Solar Group	Pair Corr
0.66	300936	Changzhou Zhongying	Pair Corr
0.53	603700	Ningbo Water Meter	Pair Corr
0.51	ELPW	Elong Power Holding	Pair Corr
0.47	301388	Xinling Electrical	Pair Corr
0.42	FINCABLES	Finolex Cables Earnings Call Tomorrow	Pair Corr
0.31	002981	Risuntek	Pair Corr
0.31	002724	Oceans King Lighting	Pair Corr
0.71	ESP	Espey Mfg Electronics Earnings Call This Week	Pair Corr
0.69	EVEREADY	Eveready Industries India Earnings Call Today	Pair Corr
0.61	HPL	HPL Electric Power Earnings Call Today	Pair Corr
0.38	HONAUT	Honeywell Automation	Pair Corr
0.38	605277	Xinya Electronic	Pair Corr

Related Correlations Analysis

	GTES	MSA	FLS	AMTM	ADT	FSS	RAL	PRIM	CAE	MIDD
GTES		0.72	-0.75	0.37	0.56	0.57	-0.47	-0.09	0.03	0.85	GTES
MSA	0.72		-0.73	0.66	0.44	0.6	-0.32	-0.32	0.12	0.75	MSA
FLS	-0.75	-0.73		-0.45	-0.41	-0.53	0.44	0.18	-0.18	-0.6	FLS
AMTM	0.37	0.66	-0.45		0.19	0.31	-0.07	-0.47	0.03	0.5	AMTM
ADT	0.56	0.44	-0.41	0.19		0.47	-0.34	0.07	0.15	0.52	ADT
FSS	0.57	0.6	-0.53	0.31	0.47		-0.43	-0.48	-0.11	0.49	FSS
RAL	-0.47	-0.32	0.44	-0.07	-0.34	-0.43		0.14	0.4	-0.43	RAL
PRIM	-0.09	-0.32	0.18	-0.47	0.07	-0.48	0.14		0.5	-0.23	PRIM
CAE	0.03	0.12	-0.18	0.03	0.15	-0.11	0.4	0.5		-0.15	CAE
MIDD	0.85	0.75	-0.6	0.5	0.52	0.49	-0.43	-0.23	-0.15		MIDD
	GTES	MSA	FLS	AMTM	ADT	FSS	RAL	PRIM	CAE	MIDD

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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

MIDD	+ 0.85	GTES
MIDD	+ 0.75	MSA
MSA	+ 0.72	GTES
AMTM	+ 0.66	MSA
FSS	+ 0.6	MSA
FSS	+ 0.57	GTES

High negative correlations

FLS	- 0.75	GTES
FLS	- 0.73	MSA
MIDD	- 0.6	FLS
FSS	- 0.53	FLS
PRIM	- 0.48	FSS
PRIM	- 0.47	AMTM

Risk-Adjusted Indicators

There is a big difference between Moog Stock performing well and Moog 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 Moog'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
GTES	1.60	(0.05)	0.00	0.23	0.00	0.00	3.25	(3.20)	16.73
MSA	1.06	(0.06)	0.00	0.24	0.00	0.00	1.95	(1.93)	11.36
FLS	1.78	0.39	0.27	0.46	1.18	(2.48)	2.59	(2.32)	34.16
AMTM	1.57	(0.16)	0.00	0.86	0.00	0.00	3.43	(3.77)	10.40
ADT	1.08	0.00	(0.06)	0.09	1.71	(1.18)	2.10	(1.49)	11.59
FSS	1.31	(0.17)	0.00	0.71	0.00	0.00	2.66	(2.57)	13.85
RAL	1.48	0.08	(0.01)	(0.73)	1.84	(1.59)	2.83	(3.18)	8.63
PRIM	1.83	0.02	0.04	0.10	2.41	(1.98)	4.05	(2.91)	15.24
CAE	1.18	(0.03)	0.00	0.14	0.00	0.00	2.41	(2.45)	8.37
MIDD	1.44	0.10	(0.02)	(0.10)	1.55	(1.68)	4.55	(2.72)	12.45

Moog Corporate Management

Elwira Kelly	General VP	Profile
Joseph Alfieri	VP Defense	Profile
Michael Schaff	VP Aircraft	Profile
Stuart Mclachlan	VP Segment	Profile
Ann Luhr	Head Relations	Profile
Christopher Head	Secretary Counsel	Profile

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