Stanley Black Correlations
| SWK Stock | USD 79.56 0.96 1.19% |
The current 90-days correlation between Stanley Black Decker and Toro Co is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stanley Black moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stanley Black Decker moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Stanley Black Correlation With Market
Very weak diversification
The correlation between Stanley Black Decker and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stanley Black Decker and DJI in the same portfolio, assuming nothing else is changed.
Stanley |
Moving together with Stanley Stock
| 0.79 | TKR | Timken Company | PairCorr |
| 0.7 | LECO | Lincoln Electric Holdings | PairCorr |
| 0.88 | CP | Canadian Pacific Railway | PairCorr |
| 0.71 | CR | Crane Company | PairCorr |
| 0.76 | DE | Deere Company | PairCorr |
| 0.68 | GE | GE Aerospace | PairCorr |
| 0.67 | MG | Mistras Group | PairCorr |
| 0.65 | PH | Parker Hannifin | PairCorr |
| 0.63 | PL | Planet Labs PBC Earnings Call Shortly | PairCorr |
Moving against Stanley Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Stanley Stock performing well and Stanley Black 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 Stanley Black'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TTC | 1.40 | (0.21) | 0.00 | (0.30) | 0.00 | 2.85 | 8.48 | |||
| TKR | 1.27 | 0.05 | 0.00 | (0.02) | 0.00 | 3.10 | 7.96 | |||
| LECO | 1.23 | 0.01 | 0.00 | (0.06) | 0.00 | 2.91 | 13.78 | |||
| KMT | 1.20 | (0.27) | 0.00 | (0.67) | 0.00 | 1.82 | 7.36 | |||
| SNA | 0.93 | (0.06) | 0.00 | (0.14) | 0.00 | 1.77 | 6.57 | |||
| RBCP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RBC | 1.24 | 0.07 | 0.06 | 0.02 | 1.35 | 3.35 | 11.50 | |||
| SCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |