Arkema SA Correlations
| ARKAY Stock | USD 79.24 1.06 1.36% |
The current 90-days correlation between Arkema SA ADR and Akzo Nobel NV is 0.19 (i.e., Average diversification). The correlation of Arkema SA 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.
Arkema SA Correlation With Market
Weak diversification
The correlation between Arkema SA ADR and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arkema SA ADR and DJI in the same portfolio, assuming nothing else is changed.
Arkema |
The ability to find closely correlated positions to Arkema SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arkema SA 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 Arkema SA - 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 Arkema SA ADR to buy it.
Moving together with Arkema Pink Sheet
| 0.87 | AIQUY | Air Liquide SA | PairCorr |
| 0.87 | AIQUF | LAir Liquide SA | PairCorr |
| 0.83 | SKFOF | Sika AG | PairCorr |
| 0.83 | SXYAY | Sika AG ADR | PairCorr |
| 0.8 | GVDNY | Givaudan SA ADR | PairCorr |
| 0.8 | PPG | PPG Industries Fiscal Year End 16th of January 2025 | PairCorr |
| 0.71 | SHG | Shinhan Financial | PairCorr |
| 0.79 | BCH | Banco De Chile | PairCorr |
| 0.75 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against Arkema Pink Sheet
| 0.79 | FNMFO | Federal National Mortgage | PairCorr |
| 0.46 | APD | Air Products | PairCorr |
| 0.42 | KB | KB Financial Group | PairCorr |
| 0.4 | ITCL | Banco Ita Chile | PairCorr |
| 0.38 | AVAL | Grupo Aval | PairCorr |
| 0.35 | CIB | Bancolombia SA ADR | PairCorr |
| 0.77 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.73 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.65 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.58 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.58 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.45 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Arkema Pink Sheet performing well and Arkema SA 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 Arkema SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKZOF | 0.66 | (0.08) | (0.03) | (0.01) | 1.32 | 2.13 | 19.11 | |||
| AVOA | 1.53 | 0.12 | (0.01) | (0.16) | 2.99 | 0.00 | 32.72 | |||
| ASGLY | 1.53 | (0.02) | 0.00 | 0.32 | 0.00 | 3.13 | 11.06 | |||
| ABSSF | 1.98 | (0.18) | 0.00 | (0.29) | 0.00 | 5.71 | 16.91 | |||
| ACRB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arkema SA 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 Funds Screener Now
Funds ScreenerFind actively-traded funds from around the world traded on over 30 global exchanges |
| All Next | Launch Module |
Arkema SA Corporate Management
| Beatrice Zilm | VP Relations | Profile | |
| MariePierre Chevallier | VP Additives | Profile | |
| Thierry Parmentier | Exec Communication | Profile | |
| Frederic Gauvard | Chief Officer | Profile | |
| Armand Ajdari | Chief Officer | Profile |