Powell Industries Correlations

POWL Stock

USD 228.25 8.26 3.49%

The current 90-days correlation between Powell Industries and Argan Inc is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Powell Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Powell Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Powell Industries Correlation With Market

Very weak diversification

The correlation between Powell Industries and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Powell Industries and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Powell 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 housing.

For more information on how to buy Powell Stock please use our How to buy in Powell Stock guide.

Moving together with Powell Stock

0.78	BE	Bloom Energy Corp	Pair Corr
0.63	ELVA	Electrovaya Common Shares	Pair Corr
0.86	ENVX	Enovix Corp	Pair Corr
0.79	AYI	Acuity Brands	Pair Corr
0.8	ESP	Espey Mfg Electronics	Pair Corr
0.72	NVT	nVent Electric PLC	Pair Corr
0.7	SVT	Servotronics	Pair Corr
0.71	VRT	Vertiv Holdings Earnings Call This Week	Pair Corr
0.73	HUBB	Hubbell	Pair Corr
0.72	NEOV	NeoVolta Common Stock	Pair Corr
0.84	SLDPW	Solid Power	Pair Corr
0.74	PLPC	Preformed Line Products	Pair Corr
0.82	PLUG	Plug Power Buyout Trend	Pair Corr

Moving against Powell Stock

0.41	GTI	Graphjet Technology	Pair Corr
0.36	ENR	Energizer Holdings	Pair Corr
0.33	ELPW	Elong Power Holding	Pair Corr
0.72	ADSEW	ADS TEC ENERGY	Pair Corr
0.64	LNKS	Linkers Industries	Pair Corr
0.58	GAUZ	Gauzy Ordinary	Pair Corr
0.57	OESX	Orion Energy Systems	Pair Corr
0.35	SKYX	SKYX Platforms Corp	Pair Corr

Related Correlations Analysis

	AGX	ESP	FIX	HUBB	IESC	KE	MOD	NVT	PLPC	STRL
AGX		0.79	0.91	0.84	0.85	0.88	0.65	0.86	0.66	0.84	AGX
ESP	0.79		0.91	0.94	0.91	0.85	0.57	0.91	0.89	0.95	ESP
FIX	0.91	0.91		0.95	0.98	0.94	0.78	0.99	0.76	0.97	FIX
HUBB	0.84	0.94	0.95		0.93	0.9	0.7	0.95	0.79	0.94	HUBB
IESC	0.85	0.91	0.98	0.93		0.93	0.79	0.98	0.75	0.97	IESC
KE	0.88	0.85	0.94	0.9	0.93		0.8	0.95	0.73	0.91	KE
MOD	0.65	0.57	0.78	0.7	0.79	0.8		0.82	0.44	0.72	MOD
NVT	0.86	0.91	0.99	0.95	0.98	0.95	0.82		0.77	0.97	NVT
PLPC	0.66	0.89	0.76	0.79	0.75	0.73	0.44	0.77		0.84	PLPC
STRL	0.84	0.95	0.97	0.94	0.97	0.91	0.72	0.97	0.84		STRL
	AGX	ESP	FIX	HUBB	IESC	KE	MOD	NVT	PLPC	STRL

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Risk-Adjusted Indicators

There is a big difference between Powell Stock performing well and Powell 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 Powell 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
AGX	2.43	0.42	0.10	0.52	3.57	(2.44)	5.16	(4.41)	18.35
ESP	2.04	0.84	0.37	5.05	1.33	(2.56)	5.91	(3.82)	14.85
FIX	1.58	0.52	0.30	0.51	1.25	(1.83)	4.51	(2.60)	8.48
HUBB	1.33	0.15	0.12	0.24	1.32	(1.56)	3.73	(2.26)	9.66
IESC	2.51	0.58	0.28	0.39	2.22	(3.06)	5.87	(3.64)	18.53
KE	1.75	0.56	0.29	3.02	1.11	(2.21)	3.48	(2.58)	28.41
MOD	2.32	0.12	0.08	0.19	3.19	(2.52)	6.57	(4.44)	18.74
NVT	1.50	0.46	0.38	0.43	0.86	(1.91)	3.98	(2.11)	11.41
PLPC	1.43	0.00	(0.01)	0.13	1.80	(1.42)	2.90	(2.93)	9.15
STRL	2.01	0.81	0.39	0.83	1.53	(2.52)	4.60	(2.72)	11.26

Powell Industries Corporate Management

Milburn Honeycutt	Chief Accounting Officer, VP and Corporate Controller	Profile
Terry McKertcher	Vice Operations	Profile
Gary King	Director Communications	Profile
Davide Tuninetti	Chief Officer	Profile
William Mauney	Vice RD	Profile

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