American Vanguard Correlations

AVD Stock

USD 5.13 0.09 1.79%

The current 90-days correlation between American Vanguard and CVR Partners LP is 0.19 (i.e., Average diversification). The correlation of American Vanguard 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.

American Vanguard Correlation With Market

Modest diversification

The correlation between American Vanguard and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Vanguard and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Vanguard. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For information on how to trade American Stock refer to our How to Trade American Stock guide.

Moving together with American Stock

0.73	ENFY	Enlightify Symbol Change	Pair Corr
0.74	IPI	Intrepid Potash Earnings Call This Week	Pair Corr
0.61	CTVA	Corteva	Pair Corr
0.8	X	United States Steel	Pair Corr
0.61	CC	Chemours Earnings Call Today	Pair Corr
0.66	HL	Hecla Mining	Pair Corr
0.63	OR	Osisko Gold Ro	Pair Corr
0.8	RS	Reliance Steel Aluminum	Pair Corr
0.7	SA	Seabridge Gold	Pair Corr
0.71	TX	Ternium SA ADR	Pair Corr
0.71	VALE	Vale SA ADR	Pair Corr

Moving against American Stock

0.41

FEAM

5E Advanced Materials Upward Rally

Pair Corr

Related Correlations Analysis

	CF	MOS	UAN	ICL	IPI	FMC	BHIL	CTA-PB	CTA-PA	BIOX
CF		0.5	0.27	-0.07	0.45	0.69	0.29	-0.09	-0.41	0.79	CF
MOS	0.5		0.71	0.62	0.74	0.09	-0.2	0.31	0.28	0.18	MOS
UAN	0.27	0.71		0.77	0.32	-0.16	-0.53	0.13	0.13	0.03	UAN
ICL	-0.07	0.62	0.77		0.23	-0.56	-0.78	0.16	0.27	-0.4	ICL
IPI	0.45	0.74	0.32	0.23		0.33	0.22	0.62	0.43	0.15	IPI
FMC	0.69	0.09	-0.16	-0.56	0.33		0.66	0.01	-0.35	0.83	FMC
BHIL	0.29	-0.2	-0.53	-0.78	0.22	0.66		0.11	-0.08	0.46	BHIL
CTA-PB	-0.09	0.31	0.13	0.16	0.62	0.01	0.11		0.6	-0.25	CTA-PB
CTA-PA	-0.41	0.28	0.13	0.27	0.43	-0.35	-0.08	0.6		-0.58	CTA-PA
BIOX	0.79	0.18	0.03	-0.4	0.15	0.83	0.46	-0.25	-0.58		BIOX
	CF	MOS	UAN	ICL	IPI	FMC	BHIL	CTA-PB	CTA-PA	BIOX

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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

BIOX	+ 0.83	FMC
BIOX	+ 0.79	CF
ICL	+ 0.77	UAN
IPI	+ 0.74	MOS
UAN	+ 0.71	MOS
FMC	+ 0.69	CF

High negative correlations

BHIL	- 0.78	ICL
BIOX	- 0.58	CTA-PA
FMC	- 0.56	ICL
BHIL	- 0.53	UAN
CTA-PA	- 0.41	CF
BIOX	- 0.4	ICL

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Vanguard 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 American Vanguard'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
CF	1.70	(0.14)	0.00	(0.18)	0.00	0.00	3.13	(4.59)	15.08
MOS	1.75	0.01	0.00	0.01	2.13	(1.89)	3.68	(3.39)	12.73
UAN	1.20	0.16	0.11	(6.05)	1.14	(1.35)	3.38	(1.70)	12.05
ICL	1.66	0.57	0.34	0.84	1.13	(2.03)	4.25	(2.82)	9.55
IPI	2.05	(0.06)	0.00	(0.05)	0.00	0.00	3.73	(3.69)	16.60
FMC	1.98	(0.42)	0.00	(6.36)	0.00	0.00	3.80	(3.14)	38.47
BHIL	8.07	(1.75)	0.00	(0.69)	0.00	0.00	12.55	(16.48)	153.37
CTA-PB	0.61	0.02	0.01	0.06	0.78	(0.66)	1.30	(1.29)	5.85
CTA-PA	0.86	0.02	0.01	(0.12)	1.11	(1.12)	2.16	(2.16)	5.43
BIOX	2.90	(0.38)	0.00	(3.78)	0.00	0.00	6.53	(4.90)	26.87

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