Twin Disc Correlations

TWIN Stock

USD 8.55 0.33 4.01%

The current 90-days correlation between Twin Disc and Intevac is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Twin Disc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Twin Disc Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Twin Disc Correlation With Market

Weak diversification

The correlation between Twin Disc Incorporated and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Twin Disc Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Twin Disc Incorporated. 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 Twin Stock

0.91	BW	Babcock Wilcox Enter	Pair Corr
0.71	HI	Hillenbrand	Pair Corr
0.92	IR	Ingersoll Rand	Pair Corr
0.74	CXT	Crane NXT	Pair Corr
0.81	EMR	Emerson Electric	Pair Corr
0.86	ETN	Eaton PLC	Pair Corr
0.82	FLS	Flowserve	Pair Corr
0.93	GHM	Graham	Pair Corr
0.89	IEX	IDEX	Pair Corr
0.74	ITT	ITT Inc	Pair Corr
0.8	MIR	Mirion Technologies	Pair Corr
0.84	XMTR	Xometry	Pair Corr
0.95	PNR	Pentair PLC	Pair Corr
0.94	RRX	Regal Beloit	Pair Corr
0.63	SMR	Nuscale Power Corp	Pair Corr
0.63	SXI	Standex International	Pair Corr
0.66	SYM	Symbotic	Pair Corr

Moving against Twin Stock

0.69	MWA	Mueller Water Products	Pair Corr
0.35	WTS	Watts Water Technologies	Pair Corr

Related Correlations Analysis

	SXI	IVAC	THR	NPO	GHM	TNC	KAI	TAYD	LXFR	CSWI
SXI		-0.56	0.17	0.41	0.56	0.21	0.4	0.51	0.66	0.54	SXI
IVAC	-0.56		0.14	0.21	-0.88	0.32	0.17	-0.63	-0.4	-0.81	IVAC
THR	0.17	0.14		0.2	-0.14	0.19	0.03	0.23	0.05	0.18	THR
NPO	0.41	0.21	0.2		-0.12	0.75	0.7	-0.17	0.67	-0.27	NPO
GHM	0.56	-0.88	-0.14	-0.12		-0.17	0.02	0.5	0.5	0.83	GHM
TNC	0.21	0.32	0.19	0.75	-0.17		0.72	-0.52	0.58	-0.3	TNC
KAI	0.4	0.17	0.03	0.7	0.02	0.72		-0.31	0.58	-0.04	KAI
TAYD	0.51	-0.63	0.23	-0.17	0.5	-0.52	-0.31		0.07	0.62	TAYD
LXFR	0.66	-0.4	0.05	0.67	0.5	0.58	0.58	0.07		0.31	LXFR
CSWI	0.54	-0.81	0.18	-0.27	0.83	-0.3	-0.04	0.62	0.31		CSWI
	SXI	IVAC	THR	NPO	GHM	TNC	KAI	TAYD	LXFR	CSWI

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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

CSWI	+ 0.83	GHM
TNC	+ 0.75	NPO
KAI	+ 0.72	TNC
KAI	+ 0.7	NPO
LXFR	+ 0.67	NPO
LXFR	+ 0.66	SXI

High negative correlations

GHM	- 0.88	IVAC
CSWI	- 0.81	IVAC
TAYD	- 0.63	IVAC
IVAC	- 0.56	SXI
TAYD	- 0.52	TNC
LXFR	- 0.4	IVAC

Risk-Adjusted Indicators

There is a big difference between Twin Stock performing well and Twin Disc 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 Twin Disc'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
SXI	1.34	(0.26)	0.00	(0.38)	0.00	0.00	2.23	(3.64)	7.91
IVAC	1.32	0.31	0.24	0.71	0.93	(1.89)	4.07	(2.31)	19.66
THR	1.52	(0.06)	0.00	(0.14)	0.00	0.00	3.77	(3.32)	9.97
NPO	1.57	(0.05)	0.00	(0.11)	0.00	0.00	2.17	(3.38)	10.90
GHM	2.81	(0.33)	0.00	(0.22)	0.00	0.00	6.01	(6.47)	23.34
TNC	1.27	0.03	0.00	(0.03)	0.00	0.00	2.35	(3.02)	7.66
KAI	1.47	(0.06)	0.00	(0.12)	0.00	0.00	2.63	(3.27)	13.30
TAYD	1.83	(0.41)	0.00	(0.67)	0.00	0.00	2.73	(4.56)	17.46
LXFR	1.73	(0.15)	0.00	(0.23)	0.00	0.00	2.60	(4.10)	11.40
CSWI	1.44	(0.36)	0.00	(0.45)	0.00	0.00	1.88	(3.67)	7.45

Twin Disc Corporate Management

Mike Kienast	Corporate Controller	Profile
Greg Mueller	Director Marketing	Profile
Brian Plemel	Vice Resources	Profile
Robin Schilz	Chief Officer	Profile

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