Power Solutions Correlations

PSIX Stock

USD 29.23 0.52 1.75%

The current 90-days correlation between Power Solutions Inte and Helios Technologies is 0.06 (i.e., Significant diversification). The correlation of Power Solutions 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.

Power Solutions Correlation With Market

Modest diversification

The correlation between Power Solutions International, and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power Solutions International, 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 Power Solutions 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 gross domestic product.

Moving together with Power Stock

0.67	CR	Crane Company	Pair Corr
0.71	HI	Hillenbrand	Pair Corr
0.68	PH	Parker Hannifin	Pair Corr
0.68	AME	Ametek Inc	Pair Corr
0.65	CMI	Cummins	Pair Corr
0.61	DOV	Dover	Pair Corr
0.66	EMR	Emerson Electric	Pair Corr
0.67	ETN	Eaton PLC	Pair Corr
0.65	FLS	Flowserve	Pair Corr
0.61	GGG	Graco Inc	Pair Corr
0.62	GHM	Graham	Pair Corr
0.73	KAI	Kadant Inc	Pair Corr
0.66	MWA	Mueller Water Products	Pair Corr
0.64	PNR	Pentair PLC	Pair Corr
0.7	SMR	Nuscale Power Corp Upward Rally	Pair Corr
0.63	SXI	Standex International	Pair Corr

Moving against Power Stock

0.48	MKDWW	MKDWELL Tech Warrants	Pair Corr
0.41	AOS	Smith AO	Pair Corr
0.39	SHMDW	SCHMID Group NV	Pair Corr
0.31	BW-PA	Babcock Wilcox Enter	Pair Corr

Related Correlations Analysis

	GTLS	NDSN	HLIO	THR	HI	EMR	ETN	PH	ITW	DOV
GTLS		-0.43	0.35	0.72	0.87	0.93	0.54	0.69	0.53	0.55	GTLS
NDSN	-0.43		0.61	0.13	-0.02	-0.12	0.44	0.27	0.49	0.46	NDSN
HLIO	0.35	0.61		0.69	0.63	0.59	0.84	0.77	0.92	0.9	HLIO
THR	0.72	0.13	0.69		0.81	0.83	0.75	0.81	0.76	0.79	THR
HI	0.87	-0.02	0.63	0.81		0.94	0.81	0.87	0.77	0.81	HI
EMR	0.93	-0.12	0.59	0.83	0.94		0.76	0.88	0.74	0.77	EMR
ETN	0.54	0.44	0.84	0.75	0.81	0.76		0.9	0.87	0.94	ETN
PH	0.69	0.27	0.77	0.81	0.87	0.88	0.9		0.88	0.91	PH
ITW	0.53	0.49	0.92	0.76	0.77	0.74	0.87	0.88		0.95	ITW
DOV	0.55	0.46	0.9	0.79	0.81	0.77	0.94	0.91	0.95		DOV
	GTLS	NDSN	HLIO	THR	HI	EMR	ETN	PH	ITW	DOV

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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

DOV	+ 0.95	ITW
EMR	+ 0.94	HI
DOV	+ 0.94	ETN
EMR	+ 0.93	GTLS
ITW	+ 0.92	HLIO
DOV	+ 0.91	PH

High negative correlations

NDSN	- 0.43	GTLS
EMR	- 0.12	NDSN
HI	- 0.02	NDSN

Risk-Adjusted Indicators

There is a big difference between Power Stock performing well and Power Solutions 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 Power Solutions' 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
GTLS	1.99	0.79	0.43	0.84	1.24	(2.37)	5.40	(2.25)	17.24
NDSN	1.02	(0.34)	0.00	(0.93)	0.00	0.00	1.59	(1.85)	12.52
HLIO	1.58	(0.08)	0.00	(0.92)	0.00	0.00	3.46	(2.70)	19.40
THR	1.29	(0.01)	(0.01)	0.00	1.44	(1.58)	2.84	(2.46)	13.19
HI	2.04	0.26	0.11	3.28	2.15	(2.30)	3.78	(3.60)	16.62
EMR	1.08	0.19	0.14	0.32	1.09	(1.30)	1.88	(1.63)	12.26
ETN	1.07	0.07	0.04	0.18	1.28	(1.12)	2.17	(2.19)	9.88
PH	0.88	0.00	(0.01)	(0.02)	1.07	(1.00)	1.77	(1.56)	11.90
ITW	0.68	(0.05)	0.00	(0.75)	0.00	0.00	1.46	(1.21)	5.88
DOV	0.85	(0.02)	0.00	(0.05)	0.00	0.00	2.18	(1.61)	9.35

Power Solutions Corporate Management

Xun Li	Chief Officer	Profile
Timothy CPA	Financial Consultant	Profile
Jason Lin	Chief Officer	Profile
Randall Lehner	General Counsel	Profile
Jeremy Lessaris	VP Communications	Profile
Matthew Thomas	Corporate Controller	Profile
Sidong Shao	Ex VP	Profile

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