Teledyne Technologies Correlations

TDY Stock

USD 486.59 2.35 0.48%

The current 90-days correlation between Teledyne Technologies and Vontier Corp is 0.83 (i.e., Very poor diversification). The correlation of Teledyne Technologies 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.

Teledyne Technologies Correlation With Market

Very poor diversification

The correlation between Teledyne Technologies Incorpor and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teledyne Technologies Incorpor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Teledyne Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teledyne Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Teledyne Stock

0.89	ST	Sensata Technologies	Pair Corr
0.69	ESE	ESCO Technologies	Pair Corr
0.9	FTV	Fortive Corp	Pair Corr
0.84	VNT	Vontier Corp	Pair Corr
0.71	VPG	Vishay Precision	Pair Corr
0.84	GRMN	Garmin	Pair Corr
0.87	ITRN	Ituran Location	Pair Corr
0.87	KEYS	Keysight Technologies	Pair Corr
0.91	NOVT	Novanta	Pair Corr
0.9	TRMB	Trimble	Pair Corr
0.91	CGNX	Cognex	Pair Corr
0.78	COHR	Coherent	Pair Corr
0.65	U	Unity Software	Pair Corr
0.84	DIOD	Diodes Incorporated	Pair Corr
0.74	AI	C3 Ai Inc	Pair Corr
0.88	BB	BlackBerry Earnings Call This Week	Pair Corr
0.77	BL	Blackline	Pair Corr
0.8	DT	Dynatrace Holdings LLC	Pair Corr
0.8	DV	DoubleVerify Holdings	Pair Corr

Moving against Teledyne Stock

0.47

SVREW

SaverOne 2014

Pair Corr

Related Correlations Analysis

	VNT	ESE	MKSI	ST	FTV	CGNX	NOVT	COHR	IIVI	MLAB
VNT		0.96	0.92	0.91	0.72	0.9	0.72	0.97	0.0	-0.14	VNT
ESE	0.96		0.84	0.82	0.54	0.76	0.54	0.96	0.0	-0.33	ESE
MKSI	0.92	0.84		0.99	0.85	0.94	0.85	0.91	0.0	-0.06	MKSI
ST	0.91	0.82	0.99		0.85	0.94	0.84	0.89	0.0	-0.1	ST
FTV	0.72	0.54	0.85	0.85		0.91	0.96	0.66	0.0	0.3	FTV
CGNX	0.9	0.76	0.94	0.94	0.91		0.89	0.85	0.0	0.09	CGNX
NOVT	0.72	0.54	0.85	0.84	0.96	0.89		0.66	0.0	0.36	NOVT
COHR	0.97	0.96	0.91	0.89	0.66	0.85	0.66		0.0	-0.24	COHR
IIVI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	IIVI
MLAB	-0.14	-0.33	-0.06	-0.1	0.3	0.09	0.36	-0.24	0.0		MLAB
	VNT	ESE	MKSI	ST	FTV	CGNX	NOVT	COHR	IIVI	MLAB

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

ST	+ 0.99	MKSI
COHR	+ 0.97	VNT
ESE	+ 0.96	VNT
COHR	+ 0.96	ESE
NOVT	+ 0.96	FTV
CGNX	+ 0.94	MKSI

High negative correlations

MLAB	- 0.33	ESE
MLAB	- 0.24	COHR
MLAB	- 0.14	VNT
MLAB	- 0.1	ST
MLAB	- 0.06	MKSI
MLAB	- 0.0	IIVI

Risk-Adjusted Indicators

There is a big difference between Teledyne Stock performing well and Teledyne Technologies 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 Teledyne Technologies' 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
VNT	1.61	0.09	0.04	0.09	2.26	(1.74)	3.29	(2.70)	16.12
ESE	1.72	0.22	0.11	0.21	1.90	(2.08)	3.42	(3.24)	12.37
MKSI	3.65	0.13	0.03	0.07	4.81	(3.96)	8.04	(6.19)	36.79
ST	2.86	0.07	0.02	0.06	4.39	(2.99)	7.59	(6.43)	24.94
FTV	1.54	(0.11)	0.00	(0.07)	0.00	0.00	2.78	(4.18)	14.15
CGNX	2.16	(0.13)	0.00	(0.05)	0.00	0.00	3.56	(5.07)	19.87
NOVT	2.01	(0.19)	0.00	(0.08)	0.00	0.00	3.13	(4.16)	20.60
COHR	3.47	0.40	0.09	0.18	4.56	(4.01)	7.64	(5.73)	34.73
IIVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLAB	2.33	(0.41)	0.00	(0.27)	0.00	0.00	4.21	(5.39)	20.06

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