CSW Industrials Correlations

CSWI Stock

USD 292.79 0.13 0.04%

The current 90-days correlation between CSW Industrials and Enerpac Tool Group is 0.5 (i.e., Very weak diversification). The correlation of CSW Industrials 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.

CSW Industrials Correlation With Market

Very weak diversification

The correlation between CSW Industrials and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSW Industrials 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 CSW Industrials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more detail on how to invest in CSW Stock please use our How to Invest in CSW Industrials guide.

Moving together with CSW Stock

0.89	BW	Babcock Wilcox Enter	Pair Corr
0.82	IR	Ingersoll Rand	Pair Corr
0.76	AOS	Smith AO	Pair Corr
0.63	CXT	Crane NXT	Pair Corr
0.65	EMR	Emerson Electric	Pair Corr
0.94	ETN	Eaton PLC Sell-off Trend	Pair Corr
0.67	FLS	Flowserve	Pair Corr
0.83	GHM	Graham	Pair Corr
0.86	IEX	IDEX	Pair Corr
0.66	ITT	ITT Inc Sell-off Trend	Pair Corr
0.78	MIR	Mirion Technologies	Pair Corr
0.61	XMTR	Xometry	Pair Corr
0.88	PNR	Pentair PLC	Pair Corr
0.88	RRX	Regal Beloit	Pair Corr

Moving against CSW Stock

0.71	MWA	Mueller Water Products	Pair Corr
0.63	XYL	Xylem Inc	Pair Corr
0.32	TNC	Tennant Company	Pair Corr

Related Correlations Analysis

	EPAC	LXFR	JBT	ITT	IEX	WTS	DCI	GRC	CIR	TAYD
EPAC		0.42	0.0	0.39	0.01	0.75	0.69	0.69	0.0	-0.03	EPAC
LXFR	0.42		0.0	0.8	0.45	0.36	0.59	0.34	0.0	0.06	LXFR
JBT	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	JBT
ITT	0.39	0.8	0.0		0.77	0.19	0.67	0.41	0.0	0.29	ITT
IEX	0.01	0.45	0.0	0.77		-0.24	0.4	0.3	0.0	0.55	IEX
WTS	0.75	0.36	0.0	0.19	-0.24		0.6	0.52	0.0	-0.18	WTS
DCI	0.69	0.59	0.0	0.67	0.4	0.6		0.46	0.0	-0.02	DCI
GRC	0.69	0.34	0.0	0.41	0.3	0.52	0.46		0.0	0.52	GRC
CIR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CIR
TAYD	-0.03	0.06	0.0	0.29	0.55	-0.18	-0.02	0.52	0.0		TAYD
	EPAC	LXFR	JBT	ITT	IEX	WTS	DCI	GRC	CIR	TAYD

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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

ITT	+ 0.8	LXFR
IEX	+ 0.77	ITT
WTS	+ 0.75	EPAC
DCI	+ 0.69	EPAC
GRC	+ 0.69	EPAC
DCI	+ 0.67	ITT

High negative correlations

WTS	- 0.24	IEX
TAYD	- 0.18	WTS
TAYD	- 0.03	EPAC
TAYD	- 0.02	DCI
TAYD	- 0.0	CIR
CIR	- 0.0	GRC

Risk-Adjusted Indicators

There is a big difference between CSW Stock performing well and CSW Industrials 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 CSW Industrials' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EPAC	1.33	(0.10)	(0.18)	2.21	(2.97)	6.65
LXFR	1.69	(0.12)	(0.20)	2.60	(4.10)	11.40
JBT	0.00	0.00	0.00	0.00	0.00	0.00
ITT	1.29	(0.09)	(0.14)	2.91	(2.75)	7.23
IEX	1.12	(0.25)	(0.49)	1.95	(2.43)	12.03
WTS	1.23	0.01	(0.06)	2.23	(2.46)	10.44
DCI	1.01	(0.04)	(0.13)	1.91	(2.15)	4.34
GRC	1.23	(0.10)	(0.19)	2.20	(2.48)	6.72
CIR	0.00	0.00	0.00	0.00	0.00	0.00
TAYD	1.82	(0.40)	(0.66)	2.73	(4.56)	17.46

CSW Industrials Corporate Executives

Elected by the shareholders, the CSW Industrials' board of directors comprises two types of representatives: CSW Industrials inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CSW. The board's role is to monitor CSW Industrials' management team and ensure that shareholders' interests are well served. CSW Industrials' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CSW Industrials' outside directors are responsible for providing unbiased perspectives on the board's policies.

James Perry

Executive CFO

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