Greenbrier Companies Correlations

GBX Stock

USD 68.00 0.10 0.15%

The current 90-days correlation between Greenbrier Companies and Trinity Industries is 0.58 (i.e., Very weak diversification). The correlation of Greenbrier Companies 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.

Greenbrier Companies Correlation With Market

Weak diversification

The correlation between Greenbrier Companies and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenbrier Companies and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenbrier Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Greenbrier Stock please use our How to Invest in Greenbrier Companies guide.

Moving together with Greenbrier Stock

0.7	BBU	Brookfield Business	Pair Corr
0.64	GFF	Griffon	Pair Corr
0.77	FSTR	LB Foster	Pair Corr
0.77	HON	Honeywell International	Pair Corr
0.92	MLR	Miller Industries	Pair Corr
0.87	TRN	Trinity Industries	Pair Corr
0.96	VMI	Valmont Industries	Pair Corr
0.88	WAB	Westinghouse Air Brake	Pair Corr
0.8	HYLN	Hyliion Holdings Corp	Pair Corr
0.94	ALSN	Allison Transmission	Pair Corr
0.74	B	Barnes Group	Pair Corr
0.8	G	Genpact Limited	Pair Corr
0.71	J	Jacobs Solutions	Pair Corr
0.87	R	Ryder System	Pair Corr

Moving against Greenbrier Stock

0.89	RUN	Sunrun Inc Sell-off Trend	Pair Corr
0.74	EFSH	1847 Holdings LLC	Pair Corr
0.63	WPRT	Westport Fuel Systems	Pair Corr
0.44	FBYD	Falcons Beyond Global,	Pair Corr
0.37	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.37	SOL	Emeren Group	Pair Corr
0.31	FIP	FTAI Infrastructure	Pair Corr
0.79	SLDP	Solid Power	Pair Corr
0.65	PLOW	Douglas Dynamics	Pair Corr
0.64	PITA	Heramba Electric plc	Pair Corr
0.61	ZEO	Zeo Energy Corp Symbol Change	Pair Corr
0.57	SLDPW	Solid Power	Pair Corr
0.47	SHLS	Shoals Technologies Tech Boost	Pair Corr
0.44	FBYDW	Falcons Beyond Global,	Pair Corr
0.88	CVGI	Commercial Vehicle	Pair Corr
0.86	CP	Canadian Pacific Railway	Pair Corr
0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.6	BEEM	Beam Global	Pair Corr

Related Correlations Analysis

	FSTR	RAIL	WAB	CSX	TRN	NSC	UNP	CNI	CP
FSTR		-0.16	0.65	0.72	0.72	0.76	-0.13	-0.5	-0.66	FSTR
RAIL	-0.16		0.54	-0.04	0.38	-0.01	-0.65	-0.43	-0.32	RAIL
WAB	0.65	0.54		0.6	0.93	0.61	-0.61	-0.74	-0.79	WAB
CSX	0.72	-0.04	0.6		0.69	0.8	0.14	-0.21	-0.42	CSX
TRN	0.72	0.38	0.93	0.69		0.65	-0.48	-0.65	-0.77	TRN
NSC	0.76	-0.01	0.61	0.8	0.65		0.01	-0.46	-0.64	NSC
UNP	-0.13	-0.65	-0.61	0.14	-0.48	0.01		0.8	0.66	UNP
CNI	-0.5	-0.43	-0.74	-0.21	-0.65	-0.46	0.8		0.93	CNI
CP	-0.66	-0.32	-0.79	-0.42	-0.77	-0.64	0.66	0.93		CP
	FSTR	RAIL	WAB	CSX	TRN	NSC	UNP	CNI	CP

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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

TRN	+ 0.93	WAB
CP	+ 0.93	CNI
NSC	+ 0.8	CSX
CNI	+ 0.8	UNP
NSC	+ 0.76	FSTR
CSX	+ 0.72	FSTR

High negative correlations

CP	- 0.79	WAB
CP	- 0.77	TRN
CNI	- 0.74	WAB
CP	- 0.66	FSTR
CNI	- 0.65	TRN
UNP	- 0.65	RAIL

Risk-Adjusted Indicators

There is a big difference between Greenbrier Stock performing well and Greenbrier Companies 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 Greenbrier Companies' 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
FSTR	2.10	0.41	0.25	0.35	1.59	(2.46)	6.37	(3.40)	14.55
RAIL	5.41	0.62	0.08	0.66	7.69	(6.00)	10.76	(9.73)	49.53
WAB	0.84	0.15	0.18	0.26	0.55	(1.04)	2.14	(1.07)	5.07
CSX	1.21	(0.05)	0.01	0.09	1.82	(1.26)	2.21	(2.44)	12.00
TRN	1.44	0.02	0.05	0.14	1.84	(1.47)	2.85	(3.25)	11.92
NSC	1.25	(0.06)	0.02	0.10	1.31	(1.34)	2.60	(2.27)	12.14
UNP	0.99	(0.19)	0.00	(0.04)	0.00	0.00	2.03	(2.01)	8.64
CNI	0.88	(0.18)	0.00	(0.08)	0.00	0.00	1.87	(1.72)	5.28
CP	0.96	(0.18)	0.00	(0.21)	0.00	0.00	1.99	(1.78)	5.87

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