CF Industries Correlations

CF Stock

USD 76.78 0.14 0.18%

The current 90-days correlation between CF Industries Holdings and Nutrien is 0.71 (i.e., Poor diversification). The correlation of CF Industries 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.

CF Industries Correlation With Market

Modest diversification

The correlation between CF Industries Holdings 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 CF Industries Holdings 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 CF Industries Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with CF Industries Stock

0.77	FMC	FMC Corporation	Pair Corr
0.81	SMG	Scotts Miracle Gro	Pair Corr
0.7	BHIL	Benson Hill, Common	Pair Corr
0.88	BIOX	Bioceres Crop Solutions	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.87	CC	Chemours Potential Growth	Pair Corr
0.83	CE	Celanese	Pair Corr
0.81	EU	enCore Energy Corp	Pair Corr
0.86	FF	FutureFuel Corp	Pair Corr
0.8	OC	Owens Corning	Pair Corr

Moving against CF Industries Stock

0.71	DC	Dakota Gold Corp	Pair Corr
0.5	CX	Cemex SAB de	Pair Corr
0.49	AU	AngloGold Ashanti plc	Pair Corr
0.36	DD	Dupont De Nemours	Pair Corr
0.33	X	United States Steel	Pair Corr
0.32	AG	First Majestic Silver Aggressive Push	Pair Corr
0.8	MT	ArcelorMittal SA ADR	Pair Corr
0.72	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.5	TX	Ternium SA ADR	Pair Corr
0.47	MP	MP Materials Corp	Pair Corr
0.47	HYMCL	Hycroft Mining Holding	Pair Corr
0.47	VOXR	Vox Royalty Corp	Pair Corr
0.4	NC	NACCO Industries	Pair Corr

Related Correlations Analysis

	NTR	IPI	CTVA	ICL	MOS	AVD	UAN	FMC	SMG
NTR		0.86	0.86	0.91	0.69	0.6	0.72	-0.18	-0.11	NTR
IPI	0.86		0.77	0.81	0.75	0.42	0.62	-0.06	-0.09	IPI
CTVA	0.86	0.77		0.78	0.74	0.83	0.77	-0.09	0.11	CTVA
ICL	0.91	0.81	0.78		0.49	0.46	0.56	-0.44	-0.34	ICL
MOS	0.69	0.75	0.74	0.49		0.69	0.76	0.28	0.41	MOS
AVD	0.6	0.42	0.83	0.46	0.69		0.71	0.11	0.43	AVD
UAN	0.72	0.62	0.77	0.56	0.76	0.71		0.28	0.38	UAN
FMC	-0.18	-0.06	-0.09	-0.44	0.28	0.11	0.28		0.74	FMC
SMG	-0.11	-0.09	0.11	-0.34	0.41	0.43	0.38	0.74		SMG
	NTR	IPI	CTVA	ICL	MOS	AVD	UAN	FMC	SMG

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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

ICL	+ 0.91	NTR
IPI	+ 0.86	NTR
CTVA	+ 0.86	NTR
AVD	+ 0.83	CTVA
ICL	+ 0.81	IPI
ICL	+ 0.78	CTVA

High negative correlations

FMC	- 0.44	ICL
SMG	- 0.34	ICL
FMC	- 0.18	NTR
SMG	- 0.11	NTR
FMC	- 0.09	CTVA
SMG	- 0.09	IPI

Risk-Adjusted Indicators

There is a big difference between CF Industries Stock performing well and CF Industries 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 CF Industries' 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
NTR	1.50	0.21	0.13	0.20	1.57	(1.81)	3.42	(2.67)	10.90
IPI	2.22	0.34	0.12	0.19	2.38	(2.48)	6.96	(3.69)	16.60
CTVA	1.13	0.11	0.09	0.08	1.27	(1.36)	2.34	(2.29)	8.81
ICL	1.65	0.28	0.14	0.32	1.87	(1.94)	4.25	(2.82)	13.06
MOS	1.87	0.15	0.07	0.11	2.09	(2.09)	3.59	(3.58)	12.77
AVD	2.83	(0.08)	0.00	(0.13)	0.00	0.00	6.77	(6.27)	15.45
UAN	1.08	0.09	0.07	0.06	1.34	(1.10)	1.97	(1.80)	9.48
FMC	2.13	(0.24)	0.00	(3.55)	0.00	0.00	3.85	(3.69)	38.47
SMG	1.64	(0.31)	0.00	(0.44)	0.00	0.00	3.45	(3.51)	11.16

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