Gibraltar Industries Correlations

ROCK Stock

USD 60.89 3.26 5.08%

The current 90-days correlation between Gibraltar Industries and Quanex Building Products is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gibraltar Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gibraltar Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gibraltar Industries Correlation With Market

Weak diversification

The correlation between Gibraltar Industries and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gibraltar Industries 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 Gibraltar Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving against Gibraltar Stock

0.64	ASPN	Aspen Aerogels	Pair Corr
0.58	ILAG	Intelligent Living	Pair Corr
0.55	AAON	AAON Inc	Pair Corr
0.52	LPX	Louisiana Pacific	Pair Corr
0.49	JELD	Jeld Wen Holding	Pair Corr
0.48	OC	Owens Corning	Pair Corr
0.48	APT	Alpha Pro Tech	Pair Corr
0.48	AEHL	Antelope Enterprise	Pair Corr
0.43	GMS	GMS Inc	Pair Corr
0.41	AIRJW	Montana Technologies	Pair Corr
0.37	TT	Trane Technologies plc	Pair Corr
0.36	FBIN	Fortune Brands Innov	Pair Corr
0.35	AZEK	Azek Company	Pair Corr
0.34	BLDR	Builders FirstSource	Pair Corr
0.33	NX	Quanex Building Products	Pair Corr
0.32	PPIH	Perma Pipe Internati	Pair Corr
0.66	GP	GreenPower Motor	Pair Corr
0.58	BW	Babcock Wilcox Enter	Pair Corr
0.57	DY	Dycom Industries	Pair Corr
0.56	TILE	Interface Sell-off Trend	Pair Corr
0.54	BV	BrightView Holdings	Pair Corr
0.52	FA	First Advantage Corp	Pair Corr
0.49	CSTE	Caesarstone	Pair Corr
0.48	BA	Boeing	Pair Corr
0.47	TREX	Trex Company	Pair Corr
0.47	HI	Hillenbrand	Pair Corr
0.46	J	Jacobs Solutions	Pair Corr
0.45	CW	Curtiss Wright	Pair Corr

Related Correlations Analysis

	NX	JELD	PPIH	TILE	JBI	AWI	APOG	BECN
NX		0.77	0.65	0.84	-0.47	0.05	0.86	-0.61	NX
JELD	0.77		0.75	0.88	-0.28	0.24	0.53	-0.22	JELD
PPIH	0.65	0.75		0.76	-0.15	0.36	0.45	-0.13	PPIH
TILE	0.84	0.88	0.76		-0.42	0.14	0.71	-0.44	TILE
JBI	-0.47	-0.28	-0.15	-0.42		0.48	-0.53	0.73	JBI
AWI	0.05	0.24	0.36	0.14	0.48		-0.21	0.38	AWI
APOG	0.86	0.53	0.45	0.71	-0.53	-0.21		-0.81	APOG
BECN	-0.61	-0.22	-0.13	-0.44	0.73	0.38	-0.81		BECN
	NX	JELD	PPIH	TILE	JBI	AWI	APOG	BECN

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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

TILE	+ 0.88	JELD
APOG	+ 0.86	NX
TILE	+ 0.84	NX
JELD	+ 0.77	NX
TILE	+ 0.76	PPIH
PPIH	+ 0.75	JELD

High negative correlations

BECN	- 0.81	APOG
BECN	- 0.61	NX
APOG	- 0.53	JBI
JBI	- 0.47	NX
BECN	- 0.44	TILE
JBI	- 0.42	TILE

Risk-Adjusted Indicators

There is a big difference between Gibraltar Stock performing well and Gibraltar Industries 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 Gibraltar Industries' 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
NX	2.35	(0.41)	0.00	(0.40)	0.00	0.00	4.08	(4.81)	17.75
JELD	2.93	(0.69)	0.00	(1.18)	0.00	0.00	4.69	(6.28)	33.01
PPIH	2.74	(0.14)	0.00	(0.27)	0.00	0.00	7.57	(5.16)	19.64
TILE	1.64	(0.33)	0.00	(0.38)	0.00	0.00	3.16	(4.73)	15.09
JBI	2.14	0.11	0.04	0.03	2.64	(2.32)	5.26	(5.02)	19.17
AWI	1.21	(0.04)	0.00	(0.10)	0.00	0.00	2.26	(2.25)	8.90
APOG	1.77	(0.63)	0.00	(0.64)	0.00	0.00	3.11	(3.74)	20.51
BECN	1.15	0.27	0.24	0.42	0.98	(1.36)	3.23	(2.17)	10.10

Gibraltar Industries Corporate Management

Lori Rizzo	VP Controller	Profile
Mark Dunson	Group Prospiant	Profile
Elizabeth Jensen	VP Officer	Profile
Janet Catlett	Chief Officer	Profile
Joseph Lovechio	Chief Officer	Profile

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