Dupont De Correlations

DD Stock

USD 83.59 0.07 0.08%

The current 90-days correlation between Dupont De Nemours and Olin Corporation is 0.44 (i.e., Very weak diversification). The correlation of Dupont De 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.

Dupont De Correlation With Market

Very weak diversification

The correlation between Dupont De Nemours and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dupont De Nemours and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dupont De Nemours. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Dupont Stock

0.64	CBT	Cabot	Pair Corr
0.85	EMN	Eastman Chemical	Pair Corr
0.86	KRO	Kronos Worldwide Potential Growth	Pair Corr
0.84	OLN	Olin Fiscal Year End 23rd of January 2025	Pair Corr
0.68	PPG	PPG Industries Fiscal Year End 16th of January 2025	Pair Corr
0.7	SQM	Sociedad Quimica y Sell-off Trend	Pair Corr
0.62	SXT	Sensient Technologies	Pair Corr

Moving against Dupont Stock

0.31

HGAS

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Pair Corr

Related Correlations Analysis

	OLN	CBT	KRO	LYB	APD	PPG	LIN	ECL	SHW
OLN		0.52	0.73	0.51	0.1	0.78	0.62	0.67	0.31	OLN
CBT	0.52		0.8	-0.32	0.69	0.23	0.16	0.37	0.58	CBT
KRO	0.73	0.8		0.05	0.4	0.52	0.38	0.42	0.35	KRO
LYB	0.51	-0.32	0.05		-0.72	0.72	0.67	0.43	-0.3	LYB
APD	0.1	0.69	0.4	-0.72		-0.22	-0.15	0.15	0.45	APD
PPG	0.78	0.23	0.52	0.72	-0.22		0.82	0.7	0.08	PPG
LIN	0.62	0.16	0.38	0.67	-0.15	0.82		0.87	-0.09	LIN
ECL	0.67	0.37	0.42	0.43	0.15	0.7	0.87		0.09	ECL
SHW	0.31	0.58	0.35	-0.3	0.45	0.08	-0.09	0.09		SHW
	OLN	CBT	KRO	LYB	APD	PPG	LIN	ECL	SHW

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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

ECL	+ 0.87	LIN
LIN	+ 0.82	PPG
KRO	+ 0.8	CBT
PPG	+ 0.78	OLN
KRO	+ 0.73	OLN
PPG	+ 0.72	LYB

High negative correlations

APD	- 0.72	LYB
LYB	- 0.32	CBT
SHW	- 0.3	LYB
PPG	- 0.22	APD
LIN	- 0.15	APD
SHW	- 0.09	LIN

Risk-Adjusted Indicators

There is a big difference between Dupont Stock performing well and Dupont De 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 Dupont De'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
OLN	1.59	(0.21)	(0.06)	0.00	2.18	(1.65)	3.34	(3.41)	14.96
CBT	1.28	(0.11)	(0.02)	0.06	1.36	(1.39)	2.89	(2.19)	10.88
KRO	1.48	(0.19)	(0.06)	0.01	1.67	(1.91)	3.51	(2.80)	13.07
LYB	0.88	(0.35)	0.00	(0.30)	0.00	0.00	1.40	(2.28)	5.41
APD	0.90	0.26	0.17	1.16	0.54	(0.98)	1.90	(1.38)	10.91
PPG	0.83	(0.12)	0.00	(0.05)	0.00	0.00	1.37	(1.94)	8.06
LIN	0.67	(0.13)	0.00	(0.06)	0.00	0.00	1.34	(1.29)	5.01
ECL	0.73	(0.07)	(0.14)	(0.01)	0.96	(0.69)	1.43	(1.11)	4.42
SHW	0.96	0.06	0.01	0.22	1.13	(1.18)	2.43	(1.52)	7.77

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