Xylem Correlations

XYL Stock

USD 123.38 5.19 4.04%

The current 90-days correlation between Xylem Inc and Dover is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xylem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xylem Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xylem Correlation With Market

Weak diversification

The correlation between Xylem Inc 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 Xylem Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Xylem Stock

0.78	AOS	Smith AO Sell-off Trend	Pair Corr
0.77	CYD	China Yuchai Interna	Pair Corr

Moving against Xylem Stock

0.71	AME	Ametek Inc	Pair Corr
0.7	EPAC	Enerpac Tool Group Earnings Call This Week	Pair Corr
0.63	HI	Hillenbrand	Pair Corr
0.63	PH	Parker Hannifin	Pair Corr
0.62	EMR	Emerson Electric	Pair Corr
0.61	CR	Crane Company	Pair Corr
0.6	ENOV	Enovis Corp	Pair Corr
0.55	FLS	Flowserve	Pair Corr
0.54	CMI	Cummins	Pair Corr
0.54	DOV	Dover	Pair Corr
0.51	DCI	Donaldson	Pair Corr
0.49	ETN	Eaton PLC	Pair Corr
0.42	B	Barnes Group	Pair Corr
0.31	IR	Ingersoll Rand Sell-off Trend	Pair Corr
0.72	JBT	John Bean Technologies	Pair Corr
0.72	XMTR	Xometry	Pair Corr
0.69	SMR	Nuscale Power Corp	Pair Corr
0.65	KAI	Kadant Inc	Pair Corr
0.64	IEX	IDEX	Pair Corr
0.64	SXI	Standex International	Pair Corr
0.6	MIR	Mirion Technologies	Pair Corr
0.6	PNR	Pentair PLC	Pair Corr
0.58	ITW	Illinois Tool Works	Pair Corr
0.56	MWA	Mueller Water Products Sell-off Trend	Pair Corr
0.54	GHM	Graham	Pair Corr
0.5	NNE	Nano Nuclear Energy	Pair Corr
0.5	SYM	Symbotic	Pair Corr
0.48	GRC	Gorman Rupp	Pair Corr
0.48	ROK	Rockwell Automation	Pair Corr
0.33	GGG	Graco Inc	Pair Corr
0.33	XCH	XCHG Limited American Trending	Pair Corr

Related Correlations Analysis

	DOV	AOS	ITW	FELE	GGG	FLS	IEX	PH	PNR	EMR
DOV		-0.62	0.91	0.82	0.85	0.91	0.89	0.92	0.93	0.92	DOV
AOS	-0.62		-0.59	-0.27	-0.37	-0.65	-0.59	-0.65	-0.7	-0.67	AOS
ITW	0.91	-0.59		0.74	0.87	0.92	0.98	0.96	0.95	0.95	ITW
FELE	0.82	-0.27	0.74		0.83	0.81	0.7	0.79	0.75	0.77	FELE
GGG	0.85	-0.37	0.87	0.83		0.8	0.87	0.88	0.82	0.89	GGG
FLS	0.91	-0.65	0.92	0.81	0.8		0.88	0.93	0.95	0.94	FLS
IEX	0.89	-0.59	0.98	0.7	0.87	0.88		0.96	0.92	0.94	IEX
PH	0.92	-0.65	0.96	0.79	0.88	0.93	0.96		0.95	0.98	PH
PNR	0.93	-0.7	0.95	0.75	0.82	0.95	0.92	0.95		0.95	PNR
EMR	0.92	-0.67	0.95	0.77	0.89	0.94	0.94	0.98	0.95		EMR
	DOV	AOS	ITW	FELE	GGG	FLS	IEX	PH	PNR	EMR

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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

IEX	+ 0.98	ITW
EMR	+ 0.98	PH
PH	+ 0.96	ITW
PH	+ 0.96	IEX
PNR	+ 0.95	ITW
EMR	+ 0.95	ITW

High negative correlations

PNR	- 0.7	AOS
EMR	- 0.67	AOS
PH	- 0.65	AOS
FLS	- 0.65	AOS
AOS	- 0.62	DOV
IEX	- 0.59	AOS

Risk-Adjusted Indicators

There is a big difference between Xylem Stock performing well and Xylem 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 Xylem'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
DOV	0.96	0.16	0.07	1.11	0.77	(1.27)	2.20	(1.26)	6.50
AOS	1.06	(0.17)	0.00	(0.21)	0.00	0.00	2.16	(2.02)	10.28
ITW	0.73	0.05	0.06	0.17	0.47	(0.98)	1.53	(1.13)	4.73
FELE	1.13	0.16	0.05	0.76	1.31	(1.28)	2.27	(1.54)	11.41
GGG	0.87	0.03	0.03	0.14	0.82	(0.97)	1.65	(1.45)	7.51
FLS	1.29	0.43	0.26	395.13	0.81	(1.51)	3.04	(1.82)	10.24
IEX	1.03	0.10	0.12	0.21	0.75	(1.36)	2.38	(1.62)	9.79
PH	0.88	0.10	0.16	0.18	0.58	(1.07)	2.18	(1.25)	11.35
PNR	0.77	0.27	0.34	0.57	0.00	(0.98)	1.91	(0.99)	5.19
EMR	1.10	0.25	0.29	0.27	0.60	(1.35)	2.15	(1.63)	9.44

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