Brenntag Correlations

BNTGY Stock

USD 14.45 0.27 1.90%

The current 90-days correlation between Brenntag AG ADR and Air Liquide SA is 0.12 (i.e., Average diversification). The correlation of Brenntag 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.

Brenntag Correlation With Market

Very weak diversification

The correlation between Brenntag AG ADR and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brenntag AG ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brenntag could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brenntag 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 Brenntag - 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 Brenntag AG ADR to buy it.

Moving together with Brenntag Pink Sheet

0.92	AIQUY	Air Liquide SA	Pair Corr
0.91	AIQUF	LAir Liquide SA	Pair Corr
0.82	ECL	Ecolab Inc	Pair Corr
0.78	SKFOF	Sika AG	Pair Corr
0.84	SXYAY	Sika AG ADR	Pair Corr
0.62	GVDNY	Givaudan SA ADR	Pair Corr
0.86	CNVVF	ConvaTec Group Plc	Pair Corr
0.82	ROOT	Root Inc Normal Trading	Pair Corr
0.84	UNCFF	UniCredit SpA	Pair Corr
0.77	CCOEF	Capcom Co	Pair Corr
0.74	DIALF	Dialight plc	Pair Corr
0.79	HWGG	HWGG Entertainment	Pair Corr
0.88	SAN	Banco Santander SA Buyout Trend	Pair Corr
0.61	CDAB	Coeur dAlene Bancorp	Pair Corr

Moving against Brenntag Pink Sheet

0.71	KB	KB Financial Group	Pair Corr
0.62	PPERY	Bank Mandiri Persero Downward Rally	Pair Corr
0.57	PPERF	Bank Mandiri Persero	Pair Corr
0.56	PBCRF	PT Bank Central	Pair Corr
0.54	PBCRY	Bank Central Asia Downward Rally	Pair Corr
0.49	BKRKY	Bank Rakyat Downward Rally	Pair Corr
0.54	SHG	Shinhan Financial	Pair Corr
0.48	KNBIF	Kane Biotech Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AIQUY	RPM	TSE	MATV	SHW	APD	LIN	ECL	PPG	EMN
AIQUY		-0.42	-0.14	-0.84	0.27	0.21	0.84	0.82	-0.46	0.43	AIQUY
RPM	-0.42		0.35	0.66	0.63	0.36	-0.19	-0.13	0.84	0.2	RPM
TSE	-0.14	0.35		0.34	0.04	-0.26	-0.07	0.12	0.25	0.25	TSE
MATV	-0.84	0.66	0.34		0.03	-0.15	-0.74	-0.7	0.69	-0.2	MATV
SHW	0.27	0.63	0.04	0.03		0.72	0.53	0.47	0.38	0.66	SHW
APD	0.21	0.36	-0.26	-0.15	0.72		0.55	0.42	0.13	0.65	APD
LIN	0.84	-0.19	-0.07	-0.74	0.53	0.55		0.91	-0.37	0.76	LIN
ECL	0.82	-0.13	0.12	-0.7	0.47	0.42	0.91		-0.31	0.71	ECL
PPG	-0.46	0.84	0.25	0.69	0.38	0.13	-0.37	-0.31		-0.08	PPG
EMN	0.43	0.2	0.25	-0.2	0.66	0.65	0.76	0.71	-0.08		EMN
	AIQUY	RPM	TSE	MATV	SHW	APD	LIN	ECL	PPG	EMN

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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

ECL	+ 0.91	LIN
LIN	+ 0.84	AIQUY
PPG	+ 0.84	RPM
ECL	+ 0.82	AIQUY
EMN	+ 0.76	LIN
APD	+ 0.72	SHW

High negative correlations

MATV	- 0.84	AIQUY
LIN	- 0.74	MATV
ECL	- 0.7	MATV
PPG	- 0.46	AIQUY
RPM	- 0.42	AIQUY
PPG	- 0.37	LIN

Risk-Adjusted Indicators

There is a big difference between Brenntag Pink Sheet performing well and Brenntag 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 Brenntag'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
AIQUY	0.99	0.18	0.26	(0.65)	0.88	(1.11)	2.51	(1.51)	4.73
RPM	1.00	(0.15)	0.00	(0.27)	0.00	0.00	1.73	(2.25)	5.54
TSE	4.62	0.29	0.06	0.52	5.13	(5.70)	10.89	(7.58)	58.48
MATV	2.94	(0.68)	0.00	(0.40)	0.00	0.00	3.73	(8.17)	22.15
SHW	1.05	(0.06)	0.00	(0.17)	0.00	0.00	1.98	(2.02)	4.87
APD	1.11	(0.02)	0.00	(0.12)	0.00	0.00	2.38	(1.85)	8.35
LIN	0.82	0.11	0.17	0.12	0.82	(0.94)	1.81	(1.43)	3.68
ECL	0.92	0.08	0.09	0.03	1.15	(0.92)	1.63	(1.59)	8.71
PPG	1.19	(0.08)	0.00	(0.19)	0.00	0.00	2.60	(2.26)	8.61
EMN	1.28	(0.03)	0.00	(0.12)	0.00	0.00	2.44	(2.60)	11.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brenntag 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.

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Brenntag Corporate Management

Ewout Jarwaarde	Chief Board	Profile
Ursula BaumgartnerDurchschlag	Head Person	Profile
Christian Kohlpaintner	Chairman CEO	Profile
Thomas Altmann	VP Relations	Profile
Marion Mestrom	Chief Officer	Profile
Steven Terwindt	COO Board	Profile

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