Timken Correlations

Stocks . USA . 
Stock . Timken Company
TKR Stock  USD 75.52  1.15  1.50%   
The current 90-days correlation between Timken Company and Vulcan Materials is 0.57 (i.e., Very weak diversification). The correlation of Timken 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.

Timken Correlation With Market

Very poor diversification

The correlation between Timken Company and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timken Company and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Timken Stock
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Timken Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Timken Stock

  0.65CVR Chicago Rivet MachinePairCorr
  0.97KMT KennametalPairCorr
  0.94RBC RBC BearingsPairCorr
  0.69SWK Stanley Black DeckerPairCorr
  0.75TTC ToroPairCorr
  0.89LECO Lincoln Electric HoldingsPairCorr
  0.94J Jacobs SolutionsPairCorr
  0.94R Ryder SystemPairCorr
  0.94AL Air LeasePairCorr
  0.77AP Ampco PittsburghPairCorr
  0.8AZ A2Z Smart TechnologiesPairCorr
  0.91BA BoeingPairCorr
  0.79BE Bloom Energy CorpPairCorr
  0.74BR Broadridge FinancialPairCorr
  0.88BV BrightView HoldingsPairCorr
  0.86BW Babcock Wilcox EnterPairCorr
  0.84CP Canadian Pacific RailwayPairCorr
  0.95CR Crane CompanyPairCorr
  0.89CW Curtiss WrightPairCorr
  0.92DE Deere CompanyPairCorr
  0.85DY Dycom IndustriesPairCorr
  0.85FA First Advantage CorpPairCorr
  0.73GD General DynamicsPairCorr
  0.91GE GE AerospacePairCorr
  0.86HY Hyster Yale MaterialsPairCorr
  0.99IR Ingersoll Rand Sell-off TrendPairCorr
  0.94KE Kimball ElectronicsPairCorr
  0.84LZ LegalZoomPairCorr
  0.8NX Quanex Building ProductsPairCorr

Moving against Timken Stock

  0.59G Genpact LimitedPairCorr
  0.7MG Mistras GroupPairCorr
  0.48NL NL IndustriesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
DNN
+ 0.7
ONTF
DNN
+ 0.65
VMC
VMC
+ 0.62
ONTF
DNN
+ 0.62
B
B
+ 0.6
LOMLF
DNN
+ 0.34
LOMLF
  
High negative correlations   
DNN
- 0.78
IONR
B
- 0.68
IONR
ONTF
- 0.44
IONR
VMC
- 0.29
IONR
IONR
- 0.26
LOMLF
DNN
- 0.0
CMMMF

Risk-Adjusted Indicators

There is a big difference between Timken Stock performing well and Timken 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 Timken'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY