Chemours Correlations

CC Stock

USD 15.80 0.35 2.17%

The current 90-days correlation between Chemours and International Flavors Fragrances is 0.38 (i.e., Weak diversification). The correlation of Chemours 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.

Chemours Correlation With Market

Weak diversification

The correlation between Chemours Co and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chemours Co 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 Chemours Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Chemours Stock

0.79	ALB-PA	Albemarle	Pair Corr
0.78	ALB	Albemarle Corp	Pair Corr
0.62	APD	Air Products	Pair Corr
0.68	ASH	Ashland Global Holdings	Pair Corr
0.77	CBT	Cabot	Pair Corr
0.69	ESI	Element Solutions	Pair Corr
0.67	FUL	H B Fuller	Pair Corr
0.84	IFF	International Flavors	Pair Corr
0.74	KOP	Koppers Holdings Earnings Call Tomorrow	Pair Corr
0.74	KRO	Kronos Worldwide Earnings Call This Week	Pair Corr
0.64	KWR	Quaker Chemical Earnings Call Tomorrow	Pair Corr
0.7	LYB	LyondellBasell Industries	Pair Corr
0.8	MTX	Minerals Technologies	Pair Corr
0.66	OEC	Orion Engineered Carbons	Pair Corr
0.79	OLN	Olin	Pair Corr
0.71	PPG	PPG Industries	Pair Corr
0.83	RPM	RPM International	Pair Corr
0.73	SCL	Stepan Company	Pair Corr
0.86	SHW	Sherwin Williams	Pair Corr
0.7	SSL	Sasol	Pair Corr
0.74	SXT	Sensient Technologies	Pair Corr
0.66	WLK	Westlake Chemical	Pair Corr

Moving against Chemours Stock

0.75	ODC	Oil Dri Earnings Call Next Week	Pair Corr
0.48	ALTO	Alto Ingredients	Pair Corr
0.47	SDSTW	Stardust Power Symbol Change	Pair Corr
0.45	TSE	Trinseo SA	Pair Corr

Related Correlations Analysis

	IFF	APD	PPG	LIN	LYB	CBT	WLK	TSE	AXTA	ESI
IFF		0.62	0.72	0.31	0.66	0.78	0.6	-0.42	0.75	0.64	IFF
APD	0.62		0.31	0.78	0.8	0.34	0.31	-0.44	0.73	0.48	APD
PPG	0.72	0.31		0.08	0.52	0.76	0.74	-0.15	0.62	0.68	PPG
LIN	0.31	0.78	0.08		0.69	0.17	0.13	-0.17	0.67	0.44	LIN
LYB	0.66	0.8	0.52	0.69		0.66	0.33	-0.5	0.86	0.77	LYB
CBT	0.78	0.34	0.76	0.17	0.66		0.58	-0.24	0.76	0.87	CBT
WLK	0.6	0.31	0.74	0.13	0.33	0.58		0.0	0.51	0.49	WLK
TSE	-0.42	-0.44	-0.15	-0.17	-0.5	-0.24	0.0		-0.24	-0.15	TSE
AXTA	0.75	0.73	0.62	0.67	0.86	0.76	0.51	-0.24		0.86	AXTA
ESI	0.64	0.48	0.68	0.44	0.77	0.87	0.49	-0.15	0.86		ESI
	IFF	APD	PPG	LIN	LYB	CBT	WLK	TSE	AXTA	ESI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ESI	+ 0.87	CBT
AXTA	+ 0.86	LYB
ESI	+ 0.86	AXTA
LYB	+ 0.8	APD
CBT	+ 0.78	IFF
LIN	+ 0.78	APD

High negative correlations

TSE	- 0.5	LYB
TSE	- 0.44	APD
TSE	- 0.42	IFF
AXTA	- 0.24	TSE
TSE	- 0.24	CBT
TSE	- 0.17	LIN

Risk-Adjusted Indicators

There is a big difference between Chemours Stock performing well and Chemours 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 Chemours' 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
IFF	0.82	(0.11)	0.00	(0.18)	0.00	0.00	2.00	(1.63)	7.84
APD	0.98	(0.03)	0.00	(0.06)	0.00	0.00	2.38	(1.73)	8.80
PPG	1.12	(0.11)	0.00	(0.14)	0.00	0.00	2.56	(2.26)	8.61
LIN	0.77	0.06	0.06	0.15	0.85	(0.84)	1.81	(1.53)	3.73
LYB	0.98	(0.08)	0.00	(0.31)	0.00	0.00	1.69	(2.23)	5.92
CBT	1.23	(0.33)	0.00	(0.45)	0.00	0.00	2.55	(2.70)	8.00
WLK	1.13	(0.24)	0.00	(0.32)	0.00	0.00	2.39	(2.79)	6.30
TSE	4.75	0.85	0.16	(1.11)	4.63	(6.23)	15.95	(7.56)	58.48
AXTA	1.25	(0.15)	0.00	(1.16)	0.00	0.00	2.02	(2.71)	11.25
ESI	1.05	(0.10)	0.00	1.59	0.00	0.00	1.90	(2.18)	6.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC