Crane Correlations

CR Stock

USD 181.60 0.00 0.00%

The current 90-days correlation between Crane Company and Pentair PLC is 0.4 (i.e., Very weak diversification). The correlation of Crane 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.

Crane Correlation With Market

Very weak diversification

The correlation between Crane Company and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crane Company and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crane Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Crane Stock

0.62	B	Barnes Group	Pair Corr
0.67	HI	Hillenbrand	Pair Corr
0.8	IR	Ingersoll Rand	Pair Corr
0.93	PH	Parker Hannifin	Pair Corr
0.89	EPAC	Enerpac Tool Group	Pair Corr
0.76	FELE	Franklin Electric	Pair Corr
0.94	AME	Ametek Inc	Pair Corr
0.91	CMI	Cummins	Pair Corr
0.86	DCI	Donaldson	Pair Corr
0.9	DOV	Dover	Pair Corr
0.96	EMR	Emerson Electric	Pair Corr
0.83	ETN	Eaton PLC	Pair Corr
0.91	FLS	Flowserve	Pair Corr
0.85	GGG	Graco Inc	Pair Corr
0.89	GHM	Graham	Pair Corr
0.94	GRC	Gorman Rupp	Pair Corr
0.94	IEX	IDEX	Pair Corr
0.79	ITT	ITT Inc	Pair Corr
0.9	ITW	Illinois Tool Works	Pair Corr
0.79	JBT	John Bean Technologies	Pair Corr
0.96	KAI	Kadant Inc	Pair Corr
0.78	MIR	Mirion Technologies	Pair Corr
0.94	MWA	Mueller Water Products Fiscal Year End 11th of December 2024	Pair Corr
0.92	XMTR	Xometry	Pair Corr
0.77	NNE	Nano Nuclear Energy	Pair Corr
0.82	NPO	Enpro Industries	Pair Corr
0.84	PNR	Pentair PLC	Pair Corr
0.87	ROK	Rockwell Automation	Pair Corr
0.69	RRX	Regal Beloit	Pair Corr
0.85	SMR	Nuscale Power Corp Buyout Trend	Pair Corr

Moving against Crane Stock

0.79	CYD	China Yuchai Interna	Pair Corr
0.57	CVV	CVD Equipment	Pair Corr
0.54	RR	Richtech Robotics Class	Pair Corr
0.51	AOS	Smith AO	Pair Corr

Related Correlations Analysis

	ITW	PNR	EMR	AOS	DOV	ETN	GGG	FLS	IEX	CMI
ITW		0.94	0.92	-0.39	0.95	0.92	0.87	0.93	0.97	0.93	ITW
PNR	0.94		0.89	-0.47	0.94	0.98	0.81	0.92	0.88	0.94	PNR
EMR	0.92	0.89		-0.54	0.91	0.89	0.87	0.95	0.94	0.96	EMR
AOS	-0.39	-0.47	-0.54		-0.43	-0.43	-0.18	-0.48	-0.44	-0.5	AOS
DOV	0.95	0.94	0.91	-0.43		0.93	0.89	0.9	0.92	0.9	DOV
ETN	0.92	0.98	0.89	-0.43	0.93		0.81	0.94	0.86	0.94	ETN
GGG	0.87	0.81	0.87	-0.18	0.89	0.81		0.82	0.87	0.84	GGG
FLS	0.93	0.92	0.95	-0.48	0.9	0.94	0.82		0.91	0.98	FLS
IEX	0.97	0.88	0.94	-0.44	0.92	0.86	0.87	0.91		0.91	IEX
CMI	0.93	0.94	0.96	-0.5	0.9	0.94	0.84	0.98	0.91		CMI
	ITW	PNR	EMR	AOS	DOV	ETN	GGG	FLS	IEX	CMI

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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

ETN	+ 0.98	PNR
CMI	+ 0.98	FLS
IEX	+ 0.97	ITW
CMI	+ 0.96	EMR
DOV	+ 0.95	ITW
FLS	+ 0.95	EMR

High negative correlations

AOS	- 0.54	EMR
CMI	- 0.5	AOS
FLS	- 0.48	AOS
AOS	- 0.47	PNR
IEX	- 0.44	AOS
ETN	- 0.43	AOS

Risk-Adjusted Indicators

There is a big difference between Crane Stock performing well and Crane 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 Crane'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
ITW	0.79	0.06	0.06	0.18	0.62	(0.98)	1.53	(1.33)	4.73
PNR	0.86	0.26	0.26	0.48	0.46	(1.07)	1.95	(1.08)	5.19
EMR	1.15	0.17	0.19	0.23	0.84	(1.35)	2.15	(1.83)	9.12
AOS	1.15	(0.24)	0.00	(0.21)	0.00	0.00	2.16	(2.61)	10.28
DOV	1.08	0.02	0.05	0.14	1.01	(1.33)	2.20	(1.90)	6.51
ETN	1.19	0.17	0.16	0.22	1.16	(1.37)	2.91	(2.11)	8.54
GGG	0.91	0.01	0.03	0.13	0.88	(1.00)	1.69	(1.77)	7.51
FLS	1.39	0.15	0.15	0.21	1.25	(1.57)	3.04	(2.22)	10.24
IEX	1.09	0.06	0.08	0.17	0.86	(1.41)	2.38	(1.74)	9.79
CMI	1.08	0.18	0.20	0.29	0.72	(1.42)	2.82	(1.68)	9.79

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