Griffon Correlations

GFF Stock

USD 83.51 0.86 1.02%

The current 90-days correlation between Griffon and Steel Partners Holdings is 0.04 (i.e., Significant diversification). The correlation of Griffon 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.

Griffon Correlation With Market

Very weak diversification

The correlation between Griffon and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Griffon 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 Griffon. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with Griffon Stock

0.71	BBU	Brookfield Business	Pair Corr
0.9	FSTR	LB Foster	Pair Corr
0.72	HON	Honeywell International	Pair Corr
0.66	TRN	Trinity Industries	Pair Corr
0.82	HYLN	Hyliion Holdings Corp	Pair Corr
0.71	CRESW	Cresud SACIF y	Pair Corr
0.66	ALSN	Allison Transmission	Pair Corr
0.81	G	Genpact Limited	Pair Corr

Moving against Griffon Stock

0.56	RUN	Sunrun Inc Aggressive Push	Pair Corr
0.5	EFSH	1847 Holdings LLC	Pair Corr
0.33	SOL	Emeren Group	Pair Corr
0.32	WPRT	Westport Fuel Systems	Pair Corr
0.71	BEEM	Beam Global	Pair Corr
0.61	CVGI	Commercial Vehicle	Pair Corr
0.49	SLDP	Solid Power	Pair Corr
0.46	SHLS	Shoals Technologies Tech Boost	Pair Corr
0.4	SLDPW	Solid Power	Pair Corr
0.39	PITA	Heramba Electric plc	Pair Corr
0.34	FBYDW	Falcons Beyond Global,	Pair Corr

Related Correlations Analysis

	SPLP	BBU	TRC	CODI	SPLP-PA	CODI-PA	MATW	VRTV	MDU	VMI
SPLP		0.24	0.09	0.09	0.24	-0.24	0.0	-0.06	0.19	-0.01	SPLP
BBU	0.24		-0.42	0.73	0.86	-0.8	0.14	0.46	0.82	0.76	BBU
TRC	0.09	-0.42		-0.24	-0.62	0.52	-0.03	-0.67	-0.64	-0.7	TRC
CODI	0.09	0.73	-0.24		0.53	-0.65	0.6	0.66	0.8	0.74	CODI
SPLP-PA	0.24	0.86	-0.62	0.53		-0.73	0.01	0.48	0.82	0.8	SPLP-PA
CODI-PA	-0.24	-0.8	0.52	-0.65	-0.73		-0.27	-0.45	-0.84	-0.68	CODI-PA
MATW	0.0	0.14	-0.03	0.6	0.01	-0.27		0.55	0.45	0.36	MATW
VRTV	-0.06	0.46	-0.67	0.66	0.48	-0.45	0.55		0.77	0.84	VRTV
MDU	0.19	0.82	-0.64	0.8	0.82	-0.84	0.45	0.77		0.91	MDU
VMI	-0.01	0.76	-0.7	0.74	0.8	-0.68	0.36	0.84	0.91		VMI
	SPLP	BBU	TRC	CODI	SPLP-PA	CODI-PA	MATW	VRTV	MDU	VMI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VMI	+ 0.91	MDU
SPLP-PA	+ 0.86	BBU
VMI	+ 0.84	VRTV
MDU	+ 0.82	BBU
MDU	+ 0.82	SPLP-PA
MDU	+ 0.8	CODI

High negative correlations

MDU	- 0.84	CODI-PA
CODI-PA	- 0.8	BBU
CODI-PA	- 0.73	SPLP-PA
VMI	- 0.7	TRC
VMI	- 0.68	CODI-PA
VRTV	- 0.67	TRC

Risk-Adjusted Indicators

There is a big difference between Griffon Stock performing well and Griffon 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 Griffon'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
SPLP	1.45	0.04	0.00	0.18	1.98	(2.19)	3.70	(3.66)	15.59
BBU	1.54	0.16	0.09	0.26	1.51	(1.66)	3.19	(2.48)	8.49
TRC	1.33	(0.38)	0.00	(0.11)	0.00	0.00	2.60	(3.12)	14.35
CODI	1.22	(0.01)	0.01	0.11	1.28	(1.32)	2.52	(1.94)	9.24
SPLP-PA	0.13	0.03	(0.38)	(2.87)	0.00	(0.19)	0.38	(0.21)	1.05
CODI-PA	0.34	(0.11)	0.00	1.63	0.00	0.00	0.71	(0.79)	2.36
MATW	1.86	0.05	0.08	0.14	1.87	(2.34)	3.20	(3.75)	18.72
VRTV	1.91	0.10	0.00	0.65	2.42	(1.84)	3.88	(4.01)	10.84
MDU	1.63	0.44	0.24	0.49	1.31	(1.97)	3.97	(2.69)	12.63
VMI	1.26	0.18	0.14	0.28	1.02	(1.39)	2.65	(2.18)	12.58

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC