Oshkosh Correlations

OSK Stock

USD 112.77 0.81 0.71%

The current 90-days correlation between Oshkosh and Terex is 0.86 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oshkosh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oshkosh moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oshkosh Correlation With Market

Poor diversification

The correlation between Oshkosh and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oshkosh and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oshkosh. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Moving together with Oshkosh Stock

0.78	ALG	Alamo Group	Pair Corr
0.62	LNN	Lindsay	Pair Corr
0.89	MTW	Manitowoc	Pair Corr
0.65	TEX	Terex	Pair Corr
0.77	GENC	Gencor Industries	Pair Corr
0.8	PCAR	PACCAR Inc Fiscal Year End 28th of January 2025	Pair Corr
0.8	REVG	Rev Group Fiscal Year End 11th of December 2024	Pair Corr
0.89	ASTE	Astec Industries	Pair Corr
0.79	SHYF	Shyft Group	Pair Corr
0.67	CMCO	Columbus McKinnon	Pair Corr
0.64	B	Barnes Group	Pair Corr
0.71	G	Genpact Limited	Pair Corr
0.81	R	Ryder System	Pair Corr
0.83	AL	Air Lease	Pair Corr
0.77	AZ	A2Z Smart Technologies	Pair Corr
0.71	BR	Broadridge Financial	Pair Corr
0.73	BV	BrightView Holdings	Pair Corr

Moving against Oshkosh Stock

0.72	LEV	Lion Electric Corp	Pair Corr
0.56	GP	GreenPower Motor	Pair Corr
0.39	HY	Hyster Yale Materials	Pair Corr
0.55	NKLA	Nikola Corp	Pair Corr
0.48	CEAD	CEA Industries	Pair Corr
0.41	IDEX	Ideanomics	Pair Corr
0.36	ARTW	Arts Way Manufacturing	Pair Corr
0.71	CP	Canadian Pacific Railway	Pair Corr
0.38	FA	First Advantage Corp	Pair Corr
0.33	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	TEX	ASTE	HY	MNTX	MTW	ALG	WNC	SHYF	TWI	CNHI
TEX		0.41	0.19	0.23	0.63	0.38	0.38	0.43	0.04	-0.01	TEX
ASTE	0.41		-0.68	0.27	0.87	0.94	0.59	0.87	-0.2	-0.57	ASTE
HY	0.19	-0.68		0.15	-0.43	-0.67	-0.5	-0.67	-0.04	0.74	HY
MNTX	0.23	0.27	0.15		0.32	0.28	-0.11	0.0	-0.54	0.03	MNTX
MTW	0.63	0.87	-0.43	0.32		0.77	0.6	0.76	-0.05	-0.38	MTW
ALG	0.38	0.94	-0.67	0.28	0.77		0.65	0.84	-0.13	-0.62	ALG
WNC	0.38	0.59	-0.5	-0.11	0.6	0.65		0.65	0.52	-0.62	WNC
SHYF	0.43	0.87	-0.67	0.0	0.76	0.84	0.65		0.06	-0.64	SHYF
TWI	0.04	-0.2	-0.04	-0.54	-0.05	-0.13	0.52	0.06		-0.25	TWI
CNHI	-0.01	-0.57	0.74	0.03	-0.38	-0.62	-0.62	-0.64	-0.25		CNHI
	TEX	ASTE	HY	MNTX	MTW	ALG	WNC	SHYF	TWI	CNHI

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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

ALG	+ 0.94	ASTE
MTW	+ 0.87	ASTE
SHYF	+ 0.87	ASTE
SHYF	+ 0.84	ALG
ALG	+ 0.77	MTW
SHYF	+ 0.76	MTW

High negative correlations

HY	- 0.68	ASTE
SHYF	- 0.67	HY
ALG	- 0.67	HY
CNHI	- 0.64	SHYF
CNHI	- 0.62	WNC
CNHI	- 0.62	ALG

Risk-Adjusted Indicators

There is a big difference between Oshkosh Stock performing well and Oshkosh 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 Oshkosh'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
TEX	1.91	(0.30)	0.00	(0.01)	0.00	0.00	4.13	(3.93)	16.23
ASTE	1.71	(0.14)	0.03	0.07	1.65	(2.13)	3.17	(2.45)	16.80
HY	1.91	(0.24)	0.00	(0.08)	0.00	0.00	3.61	(3.35)	20.12
MNTX	1.66	0.46	0.21	0.68	1.13	(2.65)	0.89	(1.80)	48.84
MTW	2.37	(0.27)	(0.01)	0.03	2.75	(2.80)	5.49	(4.10)	19.29
ALG	1.46	(0.09)	(0.01)	0.07	1.51	(1.57)	2.41	(2.40)	12.83
WNC	1.57	(0.18)	(0.06)	0.01	1.82	(1.70)	3.00	(2.92)	9.47
SHYF	1.93	(0.21)	(0.03)	0.03	2.40	(2.06)	4.14	(4.64)	11.33
TWI	2.37	(0.54)	0.00	(0.06)	0.00	0.00	4.15	(5.01)	16.96
CNHI	1.36	0.05	(0.06)	(0.06)	1.61	(1.63)	3.13	(2.33)	12.09

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