GATX Correlations

GATX Stock

USD 154.91 1.04 0.67%

The current 90-days correlation between GATX and Custom Truck One is 0.3 (i.e., Weak diversification). The correlation of GATX 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.

GATX Correlation With Market

Very weak diversification

The correlation between GATX Corp. and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GATX Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with GATX Stock

0.71	HTZ	Hertz Global Holdings	Pair Corr
0.82	MGRC	McGrath RentCorp	Pair Corr
0.7	HTZWW	Hertz Global Hldgs	Pair Corr

Moving against GATX Stock

0.57	FTAIM	FTAI Aviation	Pair Corr
0.47	EHGO	Eshallgo Class A	Pair Corr
0.44	FTAIN	Fortress Transportation	Pair Corr
0.38	FPAY	FlexShopper	Pair Corr
0.32	FTAI	Fortress Transp Infra	Pair Corr
0.57	GD	General Dynamics	Pair Corr
0.34	NL	NL Industries	Pair Corr

Related Correlations Analysis

	CTOS	HEES	ALTG	AAN	MGRC	MPU	FTAIM	R	PRG
CTOS		0.08	0.6	0.0	0.28	0.11	-0.56	0.18	0.52	CTOS
HEES	0.08		-0.22	0.0	0.55	-0.42	-0.39	0.0	-0.51	HEES
ALTG	0.6	-0.22		0.0	0.44	0.29	-0.61	0.58	0.89	ALTG
AAN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AAN
MGRC	0.28	0.55	0.44	0.0		-0.12	-0.71	0.58	0.13	MGRC
MPU	0.11	-0.42	0.29	0.0	-0.12		-0.09	0.53	0.39	MPU
FTAIM	-0.56	-0.39	-0.61	0.0	-0.71	-0.09		-0.4	-0.46	FTAIM
R	0.18	0.0	0.58	0.0	0.58	0.53	-0.4		0.46	R
PRG	0.52	-0.51	0.89	0.0	0.13	0.39	-0.46	0.46		PRG
	CTOS	HEES	ALTG	AAN	MGRC	MPU	FTAIM	R	PRG

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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

PRG	+ 0.89	ALTG
ALTG	+ 0.6	CTOS
R	+ 0.58	ALTG
R	+ 0.58	MGRC
MGRC	+ 0.55	HEES
R	+ 0.53	MPU

High negative correlations

FTAIM	- 0.71	MGRC
FTAIM	- 0.61	ALTG
FTAIM	- 0.56	CTOS
PRG	- 0.51	HEES
PRG	- 0.46	FTAIM
MPU	- 0.42	HEES

Risk-Adjusted Indicators

There is a big difference between GATX Stock performing well and GATX 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 GATX'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
CTOS	2.66	0.21	0.05	0.04	2.97	(3.16)	5.46	(5.54)	23.60
HEES	3.92	1.78	1.39	1.07	0.00	(5.78)	1.53	(1.89)	107.70
ALTG	3.25	(0.22)	0.00	(0.17)	0.00	0.00	6.91	(6.25)	15.90
AAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGRC	1.16	(0.02)	0.00	(0.10)	0.00	0.00	2.75	(2.53)	7.16
MPU	5.03	(1.19)	0.00	(0.95)	0.00	0.00	10.53	(11.11)	36.15
FTAIM	0.64	(0.01)	0.00	(0.14)	0.00	0.00	1.39	(1.52)	4.47
R	1.36	(0.15)	0.00	(0.22)	0.00	0.00	3.03	(3.31)	8.98
PRG	2.19	(0.55)	0.00	(0.74)	0.00	0.00	3.12	(4.44)	31.87

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