Flowserve Correlations

FLS Stock

USD 49.94 0.42 0.83%

The current 90-days correlation between Flowserve and IDEX Corporation is -0.01 (i.e., Good diversification). The correlation of Flowserve 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.

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

For more information on how to buy Flowserve Stock please use our How to Invest in Flowserve guide.

Moving together with Flowserve Stock

0.67	BW	Babcock Wilcox Enter	Pair Corr
0.77	HI	Hillenbrand	Pair Corr
0.72	RR	Richtech Robotics Class Aggressive Push	Pair Corr
0.88	CXT	Crane NXT	Pair Corr
0.62	DOV	Dover	Pair Corr
0.8	EMR	Emerson Electric	Pair Corr
0.71	ETN	Eaton PLC	Pair Corr
0.81	GHM	Graham	Pair Corr
0.74	IEX	IDEX	Pair Corr
0.84	ITT	ITT Inc	Pair Corr
0.61	MIR	Mirion Technologies	Pair Corr
0.63	XMTR	Xometry	Pair Corr
0.86	PNR	Pentair PLC	Pair Corr
0.78	RRX	Regal Beloit	Pair Corr
0.82	SMR	Nuscale Power Corp Downward Rally	Pair Corr
0.84	SYM	Symbotic Downward Rally	Pair Corr

Moving against Flowserve Stock

0.41	FELE	Franklin Electric	Pair Corr
0.36	MWA	Mueller Water Products	Pair Corr

Related Correlations Analysis

	IEX	DCI	IR	FELE	GGG	AME	WTS	GRC	EPAC
IEX		0.29	0.29	-0.52	-0.26	0.17	-0.41	0.03	-0.44	IEX
DCI	0.29		0.16	0.25	0.54	0.56	0.53	0.26	0.38	DCI
IR	0.29	0.16		0.15	-0.24	-0.17	-0.08	-0.2	0.3	IR
FELE	-0.52	0.25	0.15		0.57	0.2	0.75	0.35	0.9	FELE
GGG	-0.26	0.54	-0.24	0.57		0.72	0.79	0.6	0.47	GGG
AME	0.17	0.56	-0.17	0.2	0.72		0.54	0.6	0.17	AME
WTS	-0.41	0.53	-0.08	0.75	0.79	0.54		0.46	0.69	WTS
GRC	0.03	0.26	-0.2	0.35	0.6	0.6	0.46		0.23	GRC
EPAC	-0.44	0.38	0.3	0.9	0.47	0.17	0.69	0.23		EPAC
	IEX	DCI	IR	FELE	GGG	AME	WTS	GRC	EPAC

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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	+ 0.9	FELE
WTS	+ 0.79	GGG
WTS	+ 0.75	FELE
AME	+ 0.72	GGG
EPAC	+ 0.69	WTS
GRC	+ 0.6	GGG

High negative correlations

FELE	- 0.52	IEX
EPAC	- 0.44	IEX
WTS	- 0.41	IEX
GGG	- 0.26	IEX
GGG	- 0.24	IR
GRC	- 0.2	IR

Risk-Adjusted Indicators

There is a big difference between Flowserve Stock performing well and Flowserve 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 Flowserve'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
IEX	1.13	(0.15)	0.00	(0.36)	0.00	0.00	2.15	(2.43)	12.03
DCI	0.98	0.08	0.08	0.00	1.21	(0.97)	1.94	(2.15)	4.34
IR	1.28	(0.22)	0.00	(0.29)	0.00	0.00	2.34	(2.57)	10.46
FELE	1.03	(0.04)	0.00	(0.15)	0.00	0.00	2.00	(1.71)	8.22
GGG	0.94	0.06	0.00	(0.03)	0.00	0.00	1.66	(2.25)	4.96
AME	0.89	0.02	0.00	(0.08)	0.00	0.00	2.16	(1.97)	4.95
WTS	1.21	0.18	0.12	0.07	1.33	(1.23)	2.25	(2.46)	10.44
GRC	1.16	(0.02)	0.00	(0.11)	0.00	0.00	2.33	(2.48)	4.98
EPAC	1.34	(0.07)	0.00	(0.18)	0.00	0.00	2.21	(2.97)	6.65

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Flowserve Correlations

Moving together with Flowserve Stock

Moving against Flowserve Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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