CRH PLC Correlations

CRH Stock

USD 98.76 2.62 2.73%

The current 90-days correlation between CRH PLC ADR and Martin Marietta Materials is 0.62 (i.e., Poor diversification). The correlation of CRH PLC 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.

CRH PLC Correlation With Market

Very weak diversification

The correlation between CRH PLC ADR and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CRH PLC ADR 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 CRH PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with CRH Stock

0.72	CX	Cemex SAB de	Pair Corr
0.66	X	United States Steel Sell-off Trend	Pair Corr
0.66	AU	AngloGold Ashanti plc	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.61	HL	Hecla Mining Aggressive Push	Pair Corr
0.74	NB	NioCorp Developments	Pair Corr
0.74	RS	Reliance Steel Aluminum	Pair Corr
0.65	HYMCL	Hycroft Mining Holding	Pair Corr

Moving against CRH Stock

0.51	RETO	ReTo Eco Solutions	Pair Corr
0.45	CAPT	Captivision Ordinary	Pair Corr
0.38	USLM	United States Lime	Pair Corr
0.32	SMID	Smith Midland Corp	Pair Corr
0.46	IE	Ivanhoe Electric	Pair Corr
0.36	NG	NovaGold Resources Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MLM	EXP	SUM	USLM	VMC	CX	CPAC	JHX
MLM		0.97	-0.69	0.76	0.96	-0.33	0.09	0.69	MLM
EXP	0.97		-0.7	0.8	0.95	-0.32	0.16	0.68	EXP
SUM	-0.69	-0.7		-0.82	-0.59	0.49	0.13	-0.31	SUM
USLM	0.76	0.8	-0.82		0.67	-0.66	-0.21	0.29	USLM
VMC	0.96	0.95	-0.59	0.67		-0.18	0.17	0.67	VMC
CX	-0.33	-0.32	0.49	-0.66	-0.18		0.39	-0.09	CX
CPAC	0.09	0.16	0.13	-0.21	0.17	0.39		0.52	CPAC
JHX	0.69	0.68	-0.31	0.29	0.67	-0.09	0.52		JHX
	MLM	EXP	SUM	USLM	VMC	CX	CPAC	JHX

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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

EXP	+ 0.97	MLM
VMC	+ 0.96	MLM
VMC	+ 0.95	EXP
USLM	+ 0.8	EXP
USLM	+ 0.76	MLM
JHX	+ 0.69	MLM

High negative correlations

USLM	- 0.82	SUM
SUM	- 0.7	EXP
SUM	- 0.69	MLM
CX	- 0.66	USLM
VMC	- 0.59	SUM
CX	- 0.33	MLM

Risk-Adjusted Indicators

There is a big difference between CRH Stock performing well and CRH PLC 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 CRH PLC'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
MLM	1.12	(0.13)	0.00	(0.26)	0.00	0.00	2.63	(2.60)	6.66
EXP	1.35	(0.28)	0.00	(0.39)	0.00	0.00	2.25	(3.43)	7.34
SUM	0.58	0.17	0.34	(2.57)	0.34	(0.65)	1.54	(0.79)	9.88
USLM	1.86	(0.55)	0.00	(0.55)	0.00	0.00	2.10	(5.51)	10.04
VMC	1.26	(0.15)	0.00	(0.27)	0.00	0.00	2.09	(2.85)	9.19
CX	1.71	0.07	0.09	(0.52)	2.01	(1.81)	3.41	(3.14)	18.09
CPAC	1.36	(0.07)	0.00	0.77	0.00	0.00	3.04	(2.90)	10.27
JHX	1.37	(0.04)	0.00	(0.14)	0.00	0.00	3.40	(3.29)	8.04

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