Titan Machinery Correlations
TITN Stock | USD 19.24 0.15 0.77% |
The current 90-days correlation between Titan Machinery and Global Industrial Co is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Titan Machinery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Titan Machinery moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Titan Machinery Correlation With Market
Very weak diversification
The correlation between Titan Machinery and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Titan Machinery and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Titan Stock
0.7 | DSGR | Distribution Solutions | PairCorr |
0.86 | GIC | Global Industrial Earnings Call This Week | PairCorr |
0.62 | GWW | WW Grainger | PairCorr |
0.65 | MSM | MSC Industrial Direct | PairCorr |
0.67 | WCC | WESCO International | PairCorr |
0.77 | SITE | SiteOne Landscape Supply Earnings Call This Week | PairCorr |
0.72 | J | Jacobs Solutions | PairCorr |
0.77 | R | Ryder System Earnings Call This Week | PairCorr |
0.88 | AL | Air Lease | PairCorr |
0.62 | AZ | A2Z Smart Technologies | PairCorr |
0.75 | BA | Boeing Earnings Call This Week | PairCorr |
0.83 | BV | BrightView Holdings | PairCorr |
0.69 | BW | Babcock Wilcox Enter | PairCorr |
0.83 | BZ | Kanzhun Ltd ADR | PairCorr |
0.78 | CP | Canadian Pacific Railway Earnings Call This Week | PairCorr |
0.83 | CR | Crane Company Earnings Call This Week | PairCorr |
0.73 | CW | Curtiss Wright | PairCorr |
0.85 | DE | Deere Company | PairCorr |
0.68 | DY | Dycom Industries | PairCorr |
0.82 | FA | First Advantage Corp | PairCorr |
0.71 | GE | GE Aerospace Earnings Call Today | PairCorr |
Moving against Titan Stock
0.71 | MG | Mistras Group Earnings Call This Week | PairCorr |
0.42 | NL | NL Industries | PairCorr |
0.36 | PC | Premium Catering Trending | PairCorr |
Related Correlations Analysis
0.69 | 0.76 | 0.63 | 0.78 | 0.21 | GIC | ||
0.69 | 0.89 | 0.14 | 0.74 | 0.05 | MSM | ||
0.76 | 0.89 | 0.19 | 0.75 | -0.07 | CNM | ||
0.63 | 0.14 | 0.19 | 0.38 | 0.41 | GWW | ||
0.78 | 0.74 | 0.75 | 0.38 | 0.39 | SITE | ||
0.21 | 0.05 | -0.07 | 0.41 | 0.39 | POOL | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Titan Stock performing well and Titan Machinery 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 Titan Machinery'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GIC | 1.40 | 0.15 | 0.14 | 0.26 | 0.99 | 3.51 | 18.42 | |||
MSM | 1.22 | 0.04 | 0.04 | 0.17 | 1.06 | 3.43 | 8.73 | |||
CNM | 1.43 | 0.22 | 0.16 | 0.33 | 1.12 | 3.20 | 12.44 | |||
GWW | 0.99 | (0.08) | (0.08) | 0.04 | 1.18 | 2.05 | 5.61 | |||
SITE | 1.69 | (0.08) | 0.00 | 0.08 | 1.85 | 4.20 | 10.11 | |||
POOL | 1.52 | (0.18) | 0.00 | (0.02) | 0.00 | 3.41 | 10.08 |
Titan Machinery Corporate Management
Aaron Cordy | Managing Australia | Profile | |
Robert Larsen | CFO Treasurer | Profile | |
Ray Ochsner | Chief Officer | Profile | |
Jeff Bowman | Chief Officer | Profile |