Crane NXT Correlations

CXT Stock

53.51 1.82 3.29%

The correlation of Crane NXT 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Crane NXT Correlation With Market

Significant diversification

The correlation between Crane NXT Co and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crane NXT Co 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 Crane NXT Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Crane Stock

0.86	HI	Hillenbrand	Pair Corr
0.66	RR	Richtech Robotics Class Buyout Trend	Pair Corr
0.92	ENOV	Enovis Corp	Pair Corr
0.63	NPWR	NET Power	Pair Corr
0.77	FLS	Flowserve	Pair Corr
0.84	GHM	Graham	Pair Corr
0.61	IEX	IDEX	Pair Corr
0.85	ITT	ITT Inc	Pair Corr

Moving against Crane Stock

0.39	FELE	Franklin Electric	Pair Corr
0.66	OTIS	Otis Worldwide Corp	Pair Corr
0.57	CYD	China Yuchai Interna Downward Rally	Pair Corr
0.46	MWA	Mueller Water Products	Pair Corr
0.35	ITW	Illinois Tool Works	Pair Corr
0.33	GRC	Gorman Rupp	Pair Corr
0.32	GGG	Graco Inc Sell-off Trend	Pair Corr
0.35	WTS	Watts Water Technologies	Pair Corr
0.33	THR	Thermon Group Holdings	Pair Corr

Related Correlations Analysis

	DCI	CIR	ITT	FELE	EPAC	GRC	CR	LXFR	TNC	KAI
DCI		0.0	0.27	0.57	0.71	0.5	0.45	0.58	0.6	0.63	DCI
CIR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CIR
ITT	0.27	0.0		-0.18	-0.06	-0.15	0.62	0.67	0.38	0.34	ITT
FELE	0.57	0.0	-0.18		0.89	0.75	0.3	0.38	0.6	0.67	FELE
EPAC	0.71	0.0	-0.06	0.89		0.72	0.39	0.43	0.63	0.65	EPAC
GRC	0.5	0.0	-0.15	0.75	0.72		-0.01	0.33	0.16	0.41	GRC
CR	0.45	0.0	0.62	0.3	0.39	-0.01		0.75	0.73	0.58	CR
LXFR	0.58	0.0	0.67	0.38	0.43	0.33	0.75		0.56	0.55	LXFR
TNC	0.6	0.0	0.38	0.6	0.63	0.16	0.73	0.56		0.65	TNC
KAI	0.63	0.0	0.34	0.67	0.65	0.41	0.58	0.55	0.65		KAI
	DCI	CIR	ITT	FELE	EPAC	GRC	CR	LXFR	TNC	KAI

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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

EPAC	+ 0.89	FELE
GRC	+ 0.75	FELE
LXFR	+ 0.75	CR
TNC	+ 0.73	CR
GRC	+ 0.72	EPAC
EPAC	+ 0.71	DCI

High negative correlations

FELE	- 0.18	ITT
GRC	- 0.15	ITT
EPAC	- 0.06	ITT
CR	- 0.01	GRC
KAI	- 0.0	CIR
TNC	- 0.0	CIR

Risk-Adjusted Indicators

There is a big difference between Crane Stock performing well and Crane NXT 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 NXT'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
DCI	0.98	(0.02)	0.00	(0.10)	0.00	0.00	1.91	(2.15)	4.34
CIR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITT	1.25	(0.08)	0.00	0.54	0.00	0.00	2.91	(2.71)	7.24
FELE	1.03	(0.05)	0.00	(0.13)	0.00	0.00	2.00	(1.71)	8.22
EPAC	1.33	(0.10)	0.00	(0.18)	0.00	0.00	2.21	(2.97)	6.65
GRC	1.24	(0.10)	0.00	(0.19)	0.00	0.00	2.20	(2.48)	6.72
CR	1.48	0.03	0.07	(0.41)	1.65	(1.76)	2.75	(2.97)	16.18
LXFR	1.70	(0.12)	0.00	(0.20)	0.00	0.00	2.60	(4.10)	11.40
TNC	1.17	0.07	0.11	(0.27)	1.56	(1.17)	2.35	(2.21)	7.66
KAI	1.50	(0.07)	0.00	(0.13)	0.00	0.00	2.63	(3.27)	13.30

Crane NXT Corporate Management

Paul Igoe	General VP	Profile
Jason Feldman	Vice Relations	Profile
Jennifer Kartono	Senior Officer	Profile
Hans Lidforss	Senior Strategy	Profile

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