Manitowoc Correlations

MTW
 Stock
  

USD 9.58  0.08  0.83%   

The correlation of Manitowoc 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 Manitowoc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manitowoc 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.
Additionally, see Correlation Analysis.
  
The ability to find closely correlated positions to Manitowoc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Manitowoc 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 Manitowoc - 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 Manitowoc to buy it.

Moving together with Manitowoc

+0.81KBRKBR IncPairCorr
+0.8AIRAAR CorpPairCorr
+0.86AMATApplied MaterialsPairCorr
+0.92AOSSmith AO CorpPairCorr
+0.72APDAir Products AndPairCorr
+0.76ARAntero Resources CorpPairCorr
+0.75AROCArchrockPairCorr
+0.85ATRAptargroupPairCorr
+0.86AVYAvery Dennison CorpPairCorr
+0.88BABoeing CompanyPairCorr
+0.68BCCBoise Cascade LLCPairCorr
+0.82BERYBerry Global GroupPairCorr

Related Correlations

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   
AITEME
EMEBWXT
AITBWXT
AGCOBWXT
AITAGCO
AOSAMAT
  

Manitowoc Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Manitowoc Stock performing well and Manitowoc 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 Manitowoc'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.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BWXT 1.43  0.15  0.10  0.23  1.32  0.08 (1.68)  3.59 (2.35)  9.90 
EME 1.36  0.32  0.22  0.40  1.13  0.18 (1.60)  3.80 (2.36)  7.39 
KBR 1.53 (0.01)  0.00  0.06  1.78 (0.0022) (1.70)  3.18 (2.88)  10.13 
AGCO 1.90  0.19  0.09  0.20  2.19  0.09 (2.13)  4.69 (3.88)  12.00 
AIR 1.67 (0.04) (0.01)  0.03  2.47 (0.012) (1.53)  3.20 (3.81)  10.68 
AIT 1.61  0.20  0.10  0.25  1.85  0.1 (1.84)  3.76 (3.34)  8.27 
AMAT 2.50  0.00  0.02  0.06  2.90  0.0143 (2.78)  5.27 (5.79)  16.68 
AOS 1.61 (0.03) (0.01)  0.04  1.76 (0.0077) (2.02)  4.22 (3.53)  9.19 
APD 1.63  0.21  0.14  0.27  1.32  0.10 (2.06)  4.04 (2.63)  8.70 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Manitowoc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Transformation Now

   

Price Transformation

Use Price Transformation models to analyze depth of different equity instruments across global markets
All  Next Launch Module

Manitowoc Corporate Directors

Manitowoc corporate directors refer to members of a Manitowoc board of directors. The board of directors generally takes responsibility for the Manitowoc'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 Manitowoc's board members must vote for the resolution. The Manitowoc board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Roy Armes - Presiding Independent DirectorProfile
John Pfeifer - Independent DirectorProfile
Joan Chow - Independent DirectorProfile
Keith Nosbusch - Independent DirectorProfile

Invested in Manitowoc?

The danger of trading Manitowoc 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 Manitowoc 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 Manitowoc. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Manitowoc 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.
Additionally, see Correlation Analysis. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for analysis

When running Manitowoc price analysis, check to measure Manitowoc'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 Manitowoc is operating at the current time. Most of Manitowoc's value examination focuses on studying past and present price action to predict the probability of Manitowoc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Manitowoc's price. Additionally, you may evaluate how the addition of Manitowoc to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Is Manitowoc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Manitowoc. If investors know Manitowoc will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Manitowoc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.16) 
Market Capitalization
339.9 M
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.028
Return On Equity
0.0264
The market value of Manitowoc is measured differently than its book value, which is the value of Manitowoc that is recorded on the company's balance sheet. Investors also form their own opinion of Manitowoc's value that differs from its market value or its book value, called intrinsic value, which is Manitowoc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Manitowoc's market value can be influenced by many factors that don't directly affect Manitowoc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Manitowoc's value and its price as these two are different measures arrived at by different means. Investors typically determine Manitowoc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manitowoc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.