GrafTech International Correlations

EAF Stock

USD 0.99 0.03 2.94%

The current 90-days correlation between GrafTech International and Kimball Electronics is 0.23 (i.e., Modest diversification). The correlation of GrafTech International 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.

GrafTech International Correlation With Market

Good diversification

The correlation between GrafTech International and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GrafTech International and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in GrafTech International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with GrafTech Stock

0.83	TE	T1 Energy Symbol Change	Pair Corr
0.68	ELPW	Elong Power Holding	Pair Corr
0.69	ENVX	Enovix Corp	Pair Corr
0.71	EOSE	Eos Energy Enterprises	Pair Corr
0.66	FCEL	FuelCell Energy	Pair Corr
0.69	ENR	Energizer Holdings Potential Growth	Pair Corr
0.74	ESP	Espey Mfg Electronics	Pair Corr
0.71	GTI	Graphjet Technology	Pair Corr
0.74	GWH	ESS Tech	Pair Corr
0.75	NVX	Novonix Ltd ADR	Pair Corr
0.64	NXU	Nxu Inc	Pair Corr
0.84	XPON	Expion360	Pair Corr
0.73	STI	Solidion Technology	Pair Corr
0.78	VRT	Vertiv Holdings	Pair Corr
0.83	EOSEW	Eos Energy Enterprises	Pair Corr
0.69	SDSTW	Stardust Power Symbol Change	Pair Corr
0.69	HUBB	Hubbell	Pair Corr
0.85	IPWR	Ideal Power	Pair Corr
0.67	ADSEW	ADS TEC ENERGY	Pair Corr
0.66	NEOV	NeoVolta Common Stock	Pair Corr
0.66	SLDPW	Solid Power	Pair Corr
0.93	PITA	Heramba Electric plc	Pair Corr

Moving against GrafTech Stock

0.44	ENS	Enersys	Pair Corr
0.75	LTBR	Lightbridge Corp	Pair Corr
0.58	APWC	Asia Pacific Wire	Pair Corr
0.4	CAPTW	Captivision Warrant	Pair Corr

Related Correlations Analysis

	KE	HAYW	HOLI	ENS	ESP	ENR	AYI	PLPC	NVT
KE		0.66	0.0	-0.33	0.71	0.81	0.58	-0.16	0.76	KE
HAYW	0.66		0.0	-0.38	0.53	0.78	0.34	-0.27	0.6	HAYW
HOLI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HOLI
ENS	-0.33	-0.38	0.0		-0.38	-0.64	0.1	0.29	-0.31	ENS
ESP	0.71	0.53	0.0	-0.38		0.68	0.53	0.06	0.65	ESP
ENR	0.81	0.78	0.0	-0.64	0.68		0.52	-0.31	0.81	ENR
AYI	0.58	0.34	0.0	0.1	0.53	0.52		0.18	0.77	AYI
PLPC	-0.16	-0.27	0.0	0.29	0.06	-0.31	0.18		-0.11	PLPC
NVT	0.76	0.6	0.0	-0.31	0.65	0.81	0.77	-0.11		NVT
	KE	HAYW	HOLI	ENS	ESP	ENR	AYI	PLPC	NVT

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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

ENR	+ 0.81	KE
NVT	+ 0.81	ENR
ENR	+ 0.78	HAYW
NVT	+ 0.77	AYI
NVT	+ 0.76	KE
ESP	+ 0.71	KE

High negative correlations

ENR	- 0.64	ENS
ESP	- 0.38	ENS
ENS	- 0.38	HAYW
ENS	- 0.33	KE
PLPC	- 0.31	ENR
NVT	- 0.31	ENS

Risk-Adjusted Indicators

There is a big difference between GrafTech Stock performing well and GrafTech International 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 GrafTech International'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
KE	1.49	(0.07)	0.00	(0.11)	0.00	0.00	2.21	(3.39)	10.46
HAYW	1.41	(0.15)	0.00	(0.18)	0.00	0.00	3.10	(3.53)	8.16
HOLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENS	1.30	0.12	0.08	0.12	1.55	(1.33)	2.47	(2.66)	7.78
ESP	1.71	(0.01)	0.00	(0.07)	0.00	0.00	3.04	(3.33)	15.86
ENR	1.04	(0.28)	0.00	(0.64)	0.00	0.00	1.73	(2.76)	6.06
AYI	1.49	(0.16)	0.00	(0.16)	0.00	0.00	2.21	(3.96)	10.25
PLPC	1.85	0.23	0.10	0.14	2.16	(1.94)	3.52	(3.75)	21.38
NVT	1.84	(0.31)	0.00	(0.31)	0.00	0.00	3.32	(4.58)	19.05

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