Core Molding Correlations

CMT Stock

USD 13.44 0.04 0.30%

The current 90-days correlation between Core Molding Technologies and Northern Technologies is 0.2 (i.e., Modest diversification). The correlation of Core Molding 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.

Core Molding Correlation With Market

Weak diversification

The correlation between Core Molding Technologies and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Molding Technologies 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 Core Molding Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Core Stock

0.8	WDFC	WD 40 Company	Pair Corr
0.79	ALB-PA	Albemarle	Pair Corr
0.82	ALB	Albemarle Corp	Pair Corr
0.88	ASH	Ashland Global Holdings	Pair Corr
0.82	CBT	Cabot	Pair Corr
0.7	ESI	Element Solutions Earnings Call Tomorrow	Pair Corr
0.87	FUL	H B Fuller	Pair Corr
0.81	KOP	Koppers Holdings	Pair Corr
0.73	KRO	Kronos Worldwide	Pair Corr
0.68	KWR	Quaker Chemical	Pair Corr
0.83	MTX	Minerals Technologies	Pair Corr
0.84	OEC	Orion Engineered Carbons	Pair Corr
0.7	PPG	PPG Industries Sell-off Trend	Pair Corr
0.74	RPM	RPM International	Pair Corr
0.83	SCL	Stepan Company Earnings Call Tomorrow	Pair Corr
0.74	WLK	Westlake Chemical Earnings Call Tomorrow	Pair Corr

Moving against Core Stock

0.75	FSI	Flexible Solutions Upward Rally	Pair Corr
0.58	ODC	Oil Dri	Pair Corr
0.78	ALTM	Arcadium Lithium plc Aggressive Push	Pair Corr
0.45	ALTO	Alto Ingredients	Pair Corr
0.36	GEVO	Gevo Inc	Pair Corr

Related Correlations Analysis

	IOSP	FUL	KWR	MTX	NTIC	ODC	OEC	KOP	SXT	HWKN
IOSP		0.74	0.87	0.89	0.26	-0.72	0.67	0.8	0.86	0.57	IOSP
FUL	0.74		0.89	0.91	0.72	-0.76	0.94	0.92	0.59	0.88	FUL
KWR	0.87	0.89		0.89	0.43	-0.81	0.81	0.91	0.76	0.69	KWR
MTX	0.89	0.91	0.89		0.56	-0.76	0.86	0.91	0.72	0.8	MTX
NTIC	0.26	0.72	0.43	0.56		-0.34	0.75	0.57	0.03	0.73	NTIC
ODC	-0.72	-0.76	-0.81	-0.76	-0.34		-0.76	-0.88	-0.55	-0.58	ODC
OEC	0.67	0.94	0.81	0.86	0.75	-0.76		0.92	0.49	0.91	OEC
KOP	0.8	0.92	0.91	0.91	0.57	-0.88	0.92		0.59	0.8	KOP
SXT	0.86	0.59	0.76	0.72	0.03	-0.55	0.49	0.59		0.48	SXT
HWKN	0.57	0.88	0.69	0.8	0.73	-0.58	0.91	0.8	0.48		HWKN
	IOSP	FUL	KWR	MTX	NTIC	ODC	OEC	KOP	SXT	HWKN

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

OEC	+ 0.94	FUL
KOP	+ 0.92	FUL
KOP	+ 0.92	OEC
MTX	+ 0.91	FUL
KOP	+ 0.91	KWR
KOP	+ 0.91	MTX

High negative correlations

KOP	- 0.88	ODC
ODC	- 0.81	KWR
OEC	- 0.76	ODC
ODC	- 0.76	MTX
ODC	- 0.76	FUL
ODC	- 0.72	IOSP

Risk-Adjusted Indicators

There is a big difference between Core Stock performing well and Core Molding 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 Core Molding'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
IOSP	1.06	(0.17)	0.00	(0.18)	0.00	0.00	2.24	(2.20)	5.97
FUL	1.13	(0.36)	0.00	(0.44)	0.00	0.00	1.85	(3.00)	9.94
KWR	1.42	(0.28)	0.00	(0.29)	0.00	0.00	2.46	(2.92)	8.76
MTX	1.10	(0.21)	0.00	(0.28)	0.00	0.00	1.93	(2.51)	7.44
NTIC	1.94	(0.18)	0.00	(0.77)	0.00	0.00	4.43	(4.30)	13.36
ODC	1.57	0.27	0.13	1.86	1.80	(1.74)	2.30	(2.51)	22.38
OEC	1.98	(0.10)	0.00	(0.23)	0.00	0.00	4.05	(3.55)	19.27
KOP	1.59	(0.31)	0.00	(0.27)	0.00	0.00	2.93	(3.32)	9.88
SXT	1.16	(0.16)	0.00	(0.14)	0.00	0.00	1.92	(2.45)	6.44
HWKN	1.92	(0.17)	0.00	(0.18)	0.00	0.00	3.42	(3.24)	12.62

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