GARDNER DENVER Correlations

The correlation of GARDNER DENVER is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GARDNER DENVER moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GARDNER DENVER INC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Risk vs Return Analysis.
  
The ability to find closely correlated positions to GARDNER DENVER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GARDNER DENVER when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GARDNER DENVER - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GARDNER DENVER INC to buy it.

Related Correlations

NG
OVTZ
HD
NG
-0.31-0.2
NG
OVTZ
-0.310.22
OVTZ
HD
-0.20.22
HD
NG
OVTZ
HD
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
HDOVTZ
  
High negative correlations   
OVTZNG
HDNG

GARDNER DENVER Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between GARDNER DENVER stock performing well and GARDNER DENVER company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze GARDNER DENVER's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Delisting Warning - GDI

GARDNER DENVER INC was delisted

  The entity GARDNER DENVER INC with a symbol GDI was delisted from New York Stock Exchange. Please use Ingersoll Rand with a symbol IR from now on.

GARDNER DENVER Corporate Directors

GARDNER DENVER corporate directors refer to members of a GARDNER DENVER board of directors. The board of directors generally takes responsibility for the GARDNER DENVER's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of GARDNER DENVER's board members must vote for the resolution. The GARDNER DENVER board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Brandon Brahm - Independent DirectorProfile
William Kassling - Independent DirectorProfile
Joshua Weisenbeck - Independent DirectorProfile
Elizabeth Centoni - Independent DirectorProfile

Invested in GARDNER DENVER INC?

You need to understand the risk of investing before taking a position in GARDNER DENVER. The danger of trading GARDNER DENVER INC is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of GARDNER DENVER is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than GARDNER DENVER. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GARDNER DENVER INC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis. Note that the GARDNER DENVER INC information on this page should be used as a complementary analysis to other GARDNER DENVER's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Other Tools for GARDNER Stock

When running GARDNER DENVER INC price analysis, check to measure GARDNER DENVER's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GARDNER DENVER is operating at the current time. Most of GARDNER DENVER's value examination focuses on studying past and present price action to predict the probability of GARDNER DENVER's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GARDNER DENVER's price. Additionally, you may evaluate how the addition of GARDNER DENVER to your portfolios can decrease your overall portfolio volatility.
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