Chemours Correlations

CC Stock

USD 14.76 0.13 0.89%

The current 90-days correlation between Chemours and International Flavors Fragrances is 0.42 (i.e., Very 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

Very weak diversification

The correlation between Chemours Co and DJI is 0.44 (i.e., Very 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

0.88	FF	FutureFuel Corp	Pair Corr
0.64	ECVT	Ecovyst	Pair Corr
0.75	ALB-PA	Albemarle	Pair Corr
0.75	ALB	Albemarle Corp	Pair Corr
0.77	ASH	Ashland Global Holdings	Pair Corr
0.68	FUL	H B Fuller Earnings Call This Week	Pair Corr
0.81	IFF	International Flavors Sell-off Trend	Pair Corr
0.87	KRO	Kronos Worldwide	Pair Corr
0.88	MTX	Minerals Technologies	Pair Corr
0.66	PPG	PPG Industries	Pair Corr
0.88	PRM	Perimeter Solutions	Pair Corr
0.69	RPM	RPM International	Pair Corr
0.65	SCL	Stepan Company	Pair Corr
0.72	SSL	Sasol	Pair Corr
0.77	WLK	Westlake Chemical	Pair Corr
0.93	IOSP	Innospec	Pair Corr

Moving against Chemours Stock

0.52	ECL	Ecolab Inc	Pair Corr
0.4	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr
0.58	NEU	NewMarket	Pair Corr
0.42	LIN	Linde plc Ordinary Sell-off Trend	Pair Corr
0.36	SQM	Sociedad Quimica y	Pair Corr
0.45	ALTM	Arcadium Lithium plc	Pair Corr
0.4	BCPC	Balchem	Pair Corr

Related Correlations Analysis

	IFF	APD	PPG	LIN	LYB	CBT	WLK	TSE	AXTA	ESI
IFF		0.41	0.71	-0.31	0.25	0.64	0.78	0.11	0.57	0.22	IFF
APD	0.41		0.13	0.52	0.77	-0.08	0.28	-0.23	0.68	0.12	APD
PPG	0.71	0.13		-0.39	0.24	0.74	0.89	0.29	0.42	0.46	PPG
LIN	-0.31	0.52	-0.39		0.59	-0.47	-0.37	-0.08	0.36	0.15	LIN
LYB	0.25	0.77	0.24	0.59		-0.01	0.31	-0.04	0.68	0.35	LYB
CBT	0.64	-0.08	0.74	-0.47	-0.01		0.79	0.59	0.41	0.57	CBT
WLK	0.78	0.28	0.89	-0.37	0.31	0.79		0.33	0.54	0.44	WLK
TSE	0.11	-0.23	0.29	-0.08	-0.04	0.59	0.33		0.3	0.6	TSE
AXTA	0.57	0.68	0.42	0.36	0.68	0.41	0.54	0.3		0.6	AXTA
ESI	0.22	0.12	0.46	0.15	0.35	0.57	0.44	0.6	0.6		ESI
	IFF	APD	PPG	LIN	LYB	CBT	WLK	TSE	AXTA	ESI

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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

WLK	+ 0.89	PPG
WLK	+ 0.79	CBT
WLK	+ 0.78	IFF
LYB	+ 0.77	APD
CBT	+ 0.74	PPG
PPG	+ 0.71	IFF

High negative correlations

CBT	- 0.47	LIN
LIN	- 0.39	PPG
WLK	- 0.37	LIN
LIN	- 0.31	IFF
TSE	- 0.23	APD
TSE	- 0.08	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	0.94	(0.07)	0.00	(0.19)	0.00	0.00	2.00	(1.73)	7.54
APD	1.13	(0.03)	0.00	(0.14)	0.00	0.00	2.38	(1.85)	8.35
PPG	1.17	(0.06)	0.00	(0.18)	0.00	0.00	2.60	(2.26)	8.61
LIN	0.82	0.10	0.17	0.11	0.82	(0.93)	1.81	(1.43)	3.68
LYB	1.10	0.04	0.00	(0.04)	0.00	0.00	2.12	(2.39)	8.13
CBT	1.25	(0.26)	0.00	(0.47)	0.00	0.00	2.07	(3.21)	8.68
WLK	1.20	(0.13)	0.00	(0.26)	0.00	0.00	2.38	(2.20)	6.30
TSE	4.01	(0.37)	0.00	(0.69)	0.00	0.00	6.86	(7.58)	37.05
AXTA	1.42	(0.06)	0.00	(0.14)	0.00	0.00	2.13	(3.07)	12.04
ESI	1.18	0.01	0.00	(0.08)	0.00	0.00	2.54	(2.42)	7.56

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