Xylem Correlations

XYL Stock

USD 132.71 0.25 0.19%

The current 90-days correlation between Xylem Inc and Dover is 0.82 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xylem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xylem Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xylem Correlation With Market

Poor diversification

The correlation between Xylem Inc and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xylem Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Xylem Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xylem Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Xylem Stock

0.84	BW	Babcock Wilcox Enter	Pair Corr
0.97	CR	Crane Company	Pair Corr
0.96	IR	Ingersoll Rand	Pair Corr
0.97	PH	Parker Hannifin	Pair Corr
0.95	AME	Ametek Inc	Pair Corr
0.82	ATS	ATS Corporation	Pair Corr
0.94	CMI	Cummins	Pair Corr
0.94	CXT	Crane NXT	Pair Corr
0.78	CYD	China Yuchai Interna	Pair Corr
0.97	DCI	Donaldson	Pair Corr
0.95	DOV	Dover Earnings Call This Week	Pair Corr
0.91	EMR	Emerson Electric Sell-off Trend	Pair Corr
0.95	ETN	Eaton PLC	Pair Corr
0.89	FLS	Flowserve Sell-off Trend	Pair Corr
0.96	GGG	Graco Inc Earnings Call This Week	Pair Corr
0.85	GHM	Graham	Pair Corr
0.85	GRC	Gorman Rupp Earnings Call This Week	Pair Corr
0.78	IEX	IDEX	Pair Corr
0.98	ITT	ITT Inc	Pair Corr
0.88	ITW	Illinois Tool Works	Pair Corr
0.9	MIR	Mirion Technologies	Pair Corr
0.92	XMTR	Xometry	Pair Corr
0.78	NNE	Nano Nuclear Energy	Pair Corr
0.95	NPO	Enpro Industries	Pair Corr
0.98	PNR	Pentair PLC Earnings Call This Week	Pair Corr
0.94	ROK	Rockwell Automation Earnings Call This Week	Pair Corr
0.95	RRX	Regal Beloit	Pair Corr
0.79	SMR	Nuscale Power Corp Trending	Pair Corr

Moving against Xylem Stock

0.33

MKDWW

MKDWELL Tech Warrants

Pair Corr

Related Correlations Analysis

	DOV	AOS	ITW	FELE	GGG	FLS	IEX	PH	PNR	EMR
DOV		0.65	0.94	0.66	0.98	0.95	0.81	0.98	0.97	0.91	DOV
AOS	0.65		0.68	0.58	0.61	0.68	0.72	0.53	0.51	0.37	AOS
ITW	0.94	0.68		0.75	0.93	0.91	0.71	0.92	0.93	0.88	ITW
FELE	0.66	0.58	0.75		0.65	0.69	0.36	0.59	0.59	0.6	FELE
GGG	0.98	0.61	0.93	0.65		0.92	0.8	0.97	0.96	0.9	GGG
FLS	0.95	0.68	0.91	0.69	0.92		0.76	0.94	0.91	0.84	FLS
IEX	0.81	0.72	0.71	0.36	0.8	0.76		0.75	0.73	0.55	IEX
PH	0.98	0.53	0.92	0.59	0.97	0.94	0.75		0.98	0.95	PH
PNR	0.97	0.51	0.93	0.59	0.96	0.91	0.73	0.98		0.94	PNR
EMR	0.91	0.37	0.88	0.6	0.9	0.84	0.55	0.95	0.94		EMR
	DOV	AOS	ITW	FELE	GGG	FLS	IEX	PH	PNR	EMR

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Risk-Adjusted Indicators

There is a big difference between Xylem Stock performing well and Xylem 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 Xylem'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
DOV	0.99	0.07	0.08	0.19	0.81	(1.24)	2.06	(1.33)	7.11
AOS	1.34	(0.04)	0.00	0.10	1.69	(1.52)	3.34	(2.34)	9.98
ITW	0.89	0.01	0.01	0.14	0.84	(0.98)	2.27	(1.49)	5.91
FELE	1.27	(0.12)	(0.07)	0.03	1.32	(1.54)	3.03	(1.94)	7.07
GGG	0.94	(0.02)	0.00	0.11	0.93	(1.14)	1.98	(1.68)	6.27
FLS	1.76	0.19	0.13	0.25	1.80	(2.04)	3.81	(2.69)	12.59
IEX	1.16	(0.04)	0.00	0.10	1.15	(1.51)	3.54	(2.13)	8.03
PH	1.00	0.21	0.22	0.32	0.59	(1.14)	2.76	(1.75)	6.22
PNR	1.20	0.18	0.23	0.24	0.73	(1.48)	3.04	(1.85)	11.67
EMR	1.10	0.39	0.38	0.46	0.50	(1.34)	2.92	(1.33)	7.65

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