Pair Trades for PH (NYSE) - Parker-Hannifin Corporation
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| IR nyse | 96.7% | 1.04 | Industrial Machinery.. |
| FLS nyse | 94.0% | 0.37 | Industrial Machinery.. |
| ITT nyse | 93.2% | 2.37 | Industrial Machinery.. |
| PNR nyse | 92.6% | 0.27 | Industrial Machinery.. |
| WWD nasdaq | 90.8% | 1.21 | Industrial Machinery.. |
| LECO nasdaq | 90.2% | 0.41 | Industrial Machinery.. |
| SYM nasdaq | 81.2% | 3.20 | Industrial Machinery.. |
| PRG nyse | 77.1% | -2.78 | Industrial Machinery.. |
| SWK nyse | 76.1% | 0.83 | Industrial Machinery.. |
| MLI nyse | 75.9% | -0.06 | Industrial Machinery.. |
| ITW nyse | 73.3% | 0.05 | Industrial Machinery.. |
| GTLS nyse | 71.3% | 0.51 | Industrial Machinery.. |
| FIP nasdaq | 67.9% | 0.58 | Industrial Machinery.. |
| GGG nyse | 67.4% | -0.30 | Industrial Machinery.. |
| EPAC nyse | 67.3% | -0.26 | Industrial Machinery.. |
| RKLB nasdaq | 60.9% | -1.30 | Industrial Machinery.. |
| CECO nasdaq | 55.7% | 4.76 | Industrial Machinery.. |
| MWA nyse | 54.4% | -1.15 | Industrial Machinery.. |
| OTIS nyse | 53.6% | -0.36 | Industrial Machinery.. |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| PL nyse | -78.1% | -6.60 | Industrial Machinery.. |
| SMR nyse | -77.3% | -11.30 | Industrial Machinery.. |
| DFLI nasdaq | -74.2% | -14.90 | Industrial Machinery.. |
| SHYF nasdaq | -72.2% | -8.44 | Industrial Machinery.. |
| ASTR nasdaq | -62.9% | -13.80 | Industrial Machinery.. |
| FREY nyse | -62.9% | -16.68 | Industrial Machinery.. |
| XOS nasdaq | -61.1% | -2.09 | Industrial Machinery.. |
| LLAP nyse | -56.5% | -4.97 | Industrial Machinery.. |
| B nyse | -48.0% | -5.04 | Industrial Machinery.. |
| IEX nyse | -46.3% | -1.00 | Industrial Machinery.. |
| SLDP nasdaq | -42.8% | -5.44 | Industrial Machinery.. |
| LEV nyse | -30.4% | -2.65 | Industrial Machinery.. |
| XYL nyse | -30.4% | -0.39 | Industrial Machinery.. |
| MIDD nasdaq | -21.7% | -1.66 | Industrial Machinery.. |
| HLIO nyse | -19.4% | -3.44 | Industrial Machinery.. |
| GTES nyse | -7.3% | -0.40 | Industrial Machinery.. |
| LILM nasdaq | -1.7% | -2.06 | Industrial Machinery.. |
| KRNT nasdaq | 2.5% | -2.87 | Industrial Machinery.. |
| SWIM nasdaq | 2.6% | -5.38 | Industrial Machinery.. |
| SGBX nasdaq | 5.9% | 5.17 | Industrial Machinery.. |
| KMT nyse | 9.8% | -1.63 | Industrial Machinery.. |
| NVRI nyse | 11.4% | -4.99 | Industrial Machinery.. |
| DCI nyse | 12.1% | -1.48 | Industrial Machinery.. |
| DOV nyse | 13.3% | -0.57 | Industrial Machinery.. |
| HLMN nasdaq | 23.9% | -1.95 | Industrial Machinery.. |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| APG nyse | 97.4% | 1.84 | Construction & Engin.. |
| IR nyse | 96.7% | 1.04 | Industrial Machinery.. |
| PCAR nasdaq | 96.2% | 1.73 | Construction Machine.. |
| ETN nyse | 95.9% | 1.56 | Electrical Component.. |
| NVT nyse | 95.9% | 1.12 | Electrical Component.. |
| SAIA nasdaq | 95.5% | 2.88 | Trucking |
| FLS nyse | 94.0% | 0.37 | Industrial Machinery.. |
| ITT nyse | 93.2% | 2.37 | Industrial Machinery.. |
| PRIM nyse | 93.0% | 0.40 | Construction & Engin.. |
| PRIM nasdaq | 93.0% | 0.12 | Construction & Engin.. |
| OC nyse | 92.9% | 1.18 | Building Products |
| PNR nyse | 92.6% | 0.27 | Industrial Machinery.. |
| FERG nyse | 92.5% | 0.63 | Trading Companies &.. |
| BECN nasdaq | 92.1% | 1.17 | Trading Companies &.. |
| CNM nyse | 92.0% | 1.59 | Trading Companies &.. |
| HWM nyse | 92.0% | 0.62 | Aerospace & Defense |
| CLH nyse | 92.0% | 0.31 | Environmental & Faci.. |
| ACHR nyse | 91.8% | 5.52 | Aerospace & Defense |
| SKYW nasdaq | 91.8% | 3.52 | Passenger Airlines |
| FIX nyse | 91.4% | 1.73 | Construction & Engin.. |
| FTAI nasdaq | 91.3% | 3.26 | Trading Companies &.. |
| CARR nyse | 90.9% | 1.54 | Building Products |
| ODFL nasdaq | 90.9% | 1.47 | Trucking |
| WMS nyse | 90.8% | 1.23 | Building Products |
| WWD nasdaq | 90.8% | 1.21 | Industrial Machinery.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| PL nyse | -78.1% | -6.60 | Industrial Machinery.. |
| SMR nyse | -77.3% | -11.30 | Industrial Machinery.. |
| BLNK nasdaq | -77.2% | -7.92 | Automotive Retail |
| DFLI nasdaq | -74.2% | -14.90 | Industrial Machinery.. |
| UP nyse | -72.8% | -3.93 | Trucking |
| SHYF nasdaq | -72.2% | -8.44 | Industrial Machinery.. |
| TPIC nasdaq | -72.0% | -16.82 | Heavy Electrical Equ.. |
| MRCY nasdaq | -70.5% | -3.06 | Aerospace & Defense |
| FCEL nasdaq | -69.3% | -6.74 | Electrical Component.. |
| ESGL nyse arca | -68.0% | -27.71 | Waste Management |
| ESGL nasdaq | -68.0% | -27.71 | Waste Management |
| IDEX nasdaq | -67.8% | -11.81 | Application Software |
| ULCC nasdaq | -67.6% | -8.11 | Passenger Airlines |
| ADT nyse | -67.5% | -1.03 | Specialized Consumer.. |
| TBI nyse | -67.4% | -2.94 | Human Resource & Emp.. |
| RTX nyse | -67.0% | -2.61 | Aerospace & Defense |
| TTC nyse | -66.7% | -2.84 | Agricultural & Farm.. |
| CYRX nasdaq | -65.7% | -3.29 | Health Care Equipmen.. |
| ASTR nasdaq | -62.9% | -13.80 | Industrial Machinery.. |
| FREY nyse | -62.9% | -16.68 | Industrial Machinery.. |
| EAF nyse | -61.1% | -6.68 | Electrical Component.. |
| XOS nasdaq | -61.1% | -2.09 | Industrial Machinery.. |
| BLDP nasdaq | -61.0% | -3.06 | Electrical Component.. |
| CNHI nyse | -59.7% | -3.27 | Agricultural & Farm.. |
| BE nyse | -59.1% | -1.30 | Heavy Electrical Equ.. |