FutureFuel Corp Correlations

FF Stock

USD 4.16 0.10 2.35%

The current 90-days correlation between FutureFuel Corp and Oil Dri is 0.18 (i.e., Average diversification). The correlation of FutureFuel Corp 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.

FutureFuel Corp Correlation With Market

Average diversification

The correlation between FutureFuel Corp and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FutureFuel Corp 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 FutureFuel Corp. 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.

For more detail on how to invest in FutureFuel Stock please use our How to Invest in FutureFuel Corp guide.

Moving together with FutureFuel Stock

0.9	CC	Chemours	Pair Corr
0.85	WTTR	Select Energy Services	Pair Corr
0.78	FEAM	5E Advanced Materials Trending	Pair Corr
0.73	ALB-PA	Albemarle	Pair Corr
0.76	ALB	Albemarle Corp	Pair Corr
0.85	ASH	Ashland Global Holdings	Pair Corr
0.68	CMT	Core Molding Technologies	Pair Corr
0.74	FUL	H B Fuller Earnings Call This Week	Pair Corr
0.77	IFF	International Flavors	Pair Corr
0.86	KRO	Kronos Worldwide	Pair Corr
0.9	MTX	Minerals Technologies	Pair Corr
0.87	OLN	Olin	Pair Corr
0.7	PPG	PPG Industries	Pair Corr
0.94	PRM	Perimeter Solutions	Pair Corr
0.64	RPM	RPM International	Pair Corr
0.62	SCL	Stepan Company	Pair Corr
0.65	SSL	Sasol	Pair Corr
0.79	WLK	Westlake Chemical	Pair Corr

Moving against FutureFuel Stock

0.69	ECL	Ecolab Inc	Pair Corr
0.43	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr
0.7	ODC	Oil Dri	Pair Corr
0.69	LIN	Linde plc Ordinary	Pair Corr
0.68	NEU	NewMarket	Pair Corr
0.54	SQM	Sociedad Quimica y	Pair Corr

Related Correlations Analysis

	ODC	KWR	ECVT	MTX	ESI	OEC	WTTR	PRM	KRO	IOSP
ODC		-0.26	-0.7	-0.59	0.0	-0.37	-0.84	-0.69	-0.67	-0.65	ODC
KWR	-0.26		0.44	0.53	0.56	0.65	0.39	0.35	0.61	0.51	KWR
ECVT	-0.7	0.44		0.56	0.3	0.38	0.71	0.6	0.62	0.63	ECVT
MTX	-0.59	0.53	0.56		0.21	0.75	0.83	0.92	0.94	0.94	MTX
ESI	0.0	0.56	0.3	0.21		0.5	0.18	0.09	0.24	0.18	ESI
OEC	-0.37	0.65	0.38	0.75	0.5		0.66	0.65	0.74	0.59	OEC
WTTR	-0.84	0.39	0.71	0.83	0.18	0.66		0.9	0.87	0.84	WTTR
PRM	-0.69	0.35	0.6	0.92	0.09	0.65	0.9		0.9	0.91	PRM
KRO	-0.67	0.61	0.62	0.94	0.24	0.74	0.87	0.9		0.92	KRO
IOSP	-0.65	0.51	0.63	0.94	0.18	0.59	0.84	0.91	0.92		IOSP
	ODC	KWR	ECVT	MTX	ESI	OEC	WTTR	PRM	KRO	IOSP

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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

KRO	+ 0.94	MTX
IOSP	+ 0.94	MTX
PRM	+ 0.92	MTX
IOSP	+ 0.92	KRO
IOSP	+ 0.91	PRM
PRM	+ 0.9	WTTR

High negative correlations

WTTR	- 0.84	ODC
ECVT	- 0.7	ODC
PRM	- 0.69	ODC
KRO	- 0.67	ODC
IOSP	- 0.65	ODC
MTX	- 0.59	ODC

Risk-Adjusted Indicators

There is a big difference between FutureFuel Stock performing well and FutureFuel Corp 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 FutureFuel Corp'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
ODC	1.52	0.25	0.13	0.31	1.96	(1.61)	2.59	(3.33)	13.42
KWR	1.58	(0.17)	0.00	(0.25)	0.00	0.00	2.99	(4.00)	8.76
ECVT	1.63	(0.07)	0.00	(0.16)	0.00	0.00	2.88	(2.66)	17.46
MTX	1.05	(0.18)	0.00	(0.31)	0.00	0.00	1.80	(1.97)	5.89
ESI	1.18	(0.02)	0.00	(0.10)	0.00	0.00	2.54	(2.42)	7.56
OEC	1.77	(0.27)	0.00	(0.35)	0.00	0.00	3.34	(3.55)	10.69
WTTR	1.94	(0.46)	0.00	(0.61)	0.00	0.00	3.95	(5.28)	10.92
PRM	2.05	(0.41)	0.00	(0.38)	0.00	0.00	3.59	(5.22)	13.42
KRO	1.54	(0.30)	0.00	(0.35)	0.00	0.00	3.74	(3.20)	13.74
IOSP	1.27	(0.19)	0.00	(0.32)	0.00	0.00	2.34	(3.23)	10.25

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