Braskem SA Correlations

BAK Stock

USD 5.08 0.13 2.50%

The current 90-days correlation between Braskem SA Class and Huntsman is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Braskem SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Braskem SA Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Braskem SA Correlation With Market

Good diversification

The correlation between Braskem SA Class and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Braskem SA Class 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 Braskem SA Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Braskem Stock

0.91	DOW	Dow Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.81	NEM	Newmont Goldcorp Corp	Pair Corr
0.62	OLN	Olin Fiscal Year End 23rd of January 2025	Pair Corr
0.84	PFH	Prudential Financial 4125	Pair Corr
0.95	PKX	POSCO Holdings	Pair Corr
0.79	GOLD	Barrick Gold Corp	Pair Corr
0.75	GURE	Gulf Resources	Pair Corr
0.75	CSTM	Constellium Nv	Pair Corr

Moving against Braskem Stock

0.73	WLKP	Westlake Chemical	Pair Corr
0.53	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.46	X	United States Steel	Pair Corr
0.73	KALU	Kaiser Aluminum	Pair Corr
0.7	ASTL	Algoma Steel Group	Pair Corr
0.67	ASTLW	Algoma Steel Group	Pair Corr
0.54	AUST	Austin Gold Corp	Pair Corr
0.35	RGLD	Royal Gold	Pair Corr
0.33	ZKIN	ZK International	Pair Corr
0.32	ZEUS	Olympic Steel	Pair Corr
0.75	CENX	Century Aluminum	Pair Corr
0.72	NC	NACCO Industries	Pair Corr

Related Correlations Analysis

	VHI	HUN	UNVR	LXU	WLKP	TROX	SIRE	ASIX	MEOH	GPRE
VHI		0.52	0.23	0.51	-0.39	0.43	-0.06	0.28	-0.26	-0.02	VHI
HUN	0.52		-0.35	0.05	-0.65	0.81	-0.68	0.03	-0.22	0.52	HUN
UNVR	0.23	-0.35		0.69	0.42	-0.39	0.78	0.46	-0.05	-0.81	UNVR
LXU	0.51	0.05	0.69		0.37	0.22	0.54	0.7	0.23	-0.5	LXU
WLKP	-0.39	-0.65	0.42	0.37		-0.26	0.76	0.5	0.66	-0.48	WLKP
TROX	0.43	0.81	-0.39	0.22	-0.26		-0.49	0.34	0.26	0.54	TROX
SIRE	-0.06	-0.68	0.78	0.54	0.76	-0.49		0.41	0.26	-0.78	SIRE
ASIX	0.28	0.03	0.46	0.7	0.5	0.34	0.41		0.57	-0.19	ASIX
MEOH	-0.26	-0.22	-0.05	0.23	0.66	0.26	0.26	0.57		0.11	MEOH
GPRE	-0.02	0.52	-0.81	-0.5	-0.48	0.54	-0.78	-0.19	0.11		GPRE
	VHI	HUN	UNVR	LXU	WLKP	TROX	SIRE	ASIX	MEOH	GPRE

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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

TROX	+ 0.81	HUN
SIRE	+ 0.78	UNVR
SIRE	+ 0.76	WLKP
ASIX	+ 0.7	LXU
LXU	+ 0.69	UNVR
MEOH	+ 0.66	WLKP

High negative correlations

GPRE	- 0.81	UNVR
GPRE	- 0.78	SIRE
SIRE	- 0.68	HUN
WLKP	- 0.65	HUN
GPRE	- 0.5	LXU
SIRE	- 0.49	TROX

Risk-Adjusted Indicators

There is a big difference between Braskem Stock performing well and Braskem 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 Braskem 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
VHI	3.52	(0.32)	0.00	(0.04)	0.00	0.00	8.00	(7.20)	39.49
HUN	1.32	(0.25)	0.00	(0.22)	0.00	0.00	2.75	(3.35)	10.23
UNVR	0.12	0.01	(0.76)	1.03	0.00	(0.15)	0.31	(0.22)	0.79
LXU	2.02	(0.08)	0.01	0.08	2.24	(2.24)	4.56	(4.10)	18.88
WLKP	0.45	0.04	(0.12)	0.40	0.41	(0.50)	0.87	(0.77)	2.20
TROX	2.25	(0.41)	0.00	(0.11)	0.00	0.00	5.18	(4.98)	17.98
SIRE	0.11	0.03	(0.62)	(4.21)	0.00	(0.16)	0.24	(0.20)	1.16
ASIX	1.50	(0.11)	(0.01)	0.06	1.63	(1.72)	3.06	(2.64)	9.70
MEOH	1.62	(0.03)	(0.04)	0.05	2.62	(1.56)	3.29	(4.72)	10.20
GPRE	3.03	(0.33)	0.00	2.09	0.00	0.00	5.47	(7.90)	19.80

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