Woodward Correlations

Stocks . USA . 
Stock . Woodward
WWD Stock  USD 247.20  4.53  1.80%   
The current 90-days correlation between Woodward and Curtiss Wright is 0.47 (i.e., Very weak diversification). The correlation of Woodward 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.

Woodward Correlation With Market

Modest diversification

The correlation between Woodward and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Woodward and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Woodward Stock
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Woodward. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.
For information on how to trade Woodward Stock refer to our How to Trade Woodward Stock guide.

Moving together with Woodward Stock

  0.71ESAB ESAB CorpPairCorr
  0.67EVEX Eve HoldingPairCorr
  0.66FIP FTAI InfrastructurePairCorr

Moving against Woodward Stock

  0.58EPAC Enerpac Tool Group Earnings Call This WeekPairCorr
  0.53301053 Yoantion IndustrialPairCorr
  0.49DCI DonaldsonPairCorr
  0.46600666 Aurora OptoelectronicsPairCorr
  0.42HI HillenbrandPairCorr
  0.42PH Parker HannifinPairCorr
  0.31FELE Franklin ElectricPairCorr
  0.67SWK Stanley Black DeckerPairCorr
  0.66JBI Janus InternationalPairCorr
  0.64EML EasternPairCorr
  0.52PNR Pentair PLCPairCorr
  0.51FSTR LB FosterPairCorr
  0.45ITT ITT IncPairCorr
  0.43ITW Illinois Tool WorksPairCorr
  0.41ESE ESCO TechnologiesPairCorr

Related Correlations Analysis


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

MOG-A
+ 0.87
CW
MOG-A
+ 0.85
MRCY
LFUS
+ 0.85
DORM
DORM
+ 0.84
VVX
VVX
+ 0.81
MRCY
DORM
+ 0.77
MRCY
  

High negative correlations

WTFC
- 0.04
CW

Risk-Adjusted Indicators

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

Woodward Corporate Management

Christopher FawzyChief Compliance Officer, Corporate VP, General Counsel and Corporate SecretaryProfile
Mark HartmanChief OfficerProfile
Paul BensonCorporate ResourcesProfile
Randy HobbsPres SegmentProfile
John GodsmanExecutive DevelopmentProfile
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