CNH Industrial Correlations

Stocks USA . 
Stock . CNH Industrial NV
CNH Stock   12.53  0.42  3.24%   
The current 90-days correlation between CNH Industrial NV and Hasbro Inc is 0.25 (i.e., Modest diversification). The correlation of CNH Industrial 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.

CNH Industrial Correlation With Market

Weak diversification

The correlation between CNH Industrial NV and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNH Industrial NV and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNH Industrial NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with CNH Stock

  0.87DE Deere CompanyPairCorr
  0.81LNN LindsayPairCorr
  0.69MTW ManitowocPairCorr
  0.82TWI Titan InternationalPairCorr
  0.66AGCO AGCOPairCorr

Moving against CNH Stock

  0.77UGRO Urban Gro Earnings Call This WeekPairCorr
  0.54WNC Wabash NationalPairCorr
  0.47CMCO Columbus McKinnonPairCorr
  0.45GENC Gencor Industries Downward RallyPairCorr
  0.43ARTW Arts Way ManufacturingPairCorr
  0.33HYFM Hydrofarm HoldingsPairCorr
  0.73TE T1 Energy Symbol ChangePairCorr
  0.61BW Babcock Wilcox EnterPairCorr
  0.49OP OceanpalPairCorr
  0.42BV BrightView HoldingsPairCorr
  0.41CW Curtiss WrightPairCorr
  0.35RR Richtech Robotics Class Buyout TrendPairCorr
  0.33KE Kimball ElectronicsPairCorr

Related Correlations Analysis

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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   
LTH
+ 0.9
GHC
AFYA
+ 0.8
GHC
LTH
+ 0.8
AFYA
UDMY
+ 0.77
HAS
LTH
+ 0.67
CNLFF
HAS
+ 0.65
GHC
  
High negative correlations   
LTH
- 0.0
KDCE
CNLFF
- 0.0
KDCE
AFYA
- 0.0
KDCE
UDMY
- 0.0
KDCE
KDCE
- 0.0
HAS
KDCE
- 0.0
GHC

Risk-Adjusted Indicators

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

CNH Industrial Corporate Management

Kelly ManleyChief OfficerProfile
Tom VerbaetenChief OfficerProfile
Michele LombardiSenior DevelopmentProfile
Oddone RocchettaChief OfficerProfile
Laura OverallSenior CommunicationsProfile
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