Crane Correlations

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crane 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 metropolitan statistical area.

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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    GGG + 0.9 FELE EPAC + 0.9 FELE GRC + 0.9 FELE GGG + 0.88 SXI IEX + 0.86 CSWI GRC + 0.83 GGG

High negative correlations    GRC - 0.0 CIR EPAC - 0.0 CIR ITT - 0.0 CIR GGG - 0.0 CIR IEX - 0.0 CIR FELE - 0.0 CIR

Risk-Adjusted Indicators

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