FMC Correlations

FMC Stock

USD 42.26 0.95 2.20%

The current 90-days correlation between FMC Corporation and CF Industries Holdings is 0.31 (i.e., Weak diversification). The correlation of FMC 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.

FMC Correlation With Market

Significant diversification

The correlation between FMC Corp. and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FMC 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 FMC Corporation. 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 FMC Stock

0.77	CF	CF Industries Holdings	Pair Corr
0.75	SMG	Scotts Miracle Gro	Pair Corr
0.7	BHIL	Benson Hill, Common	Pair Corr
0.86	BIOX	Bioceres Crop Solutions Downward Rally	Pair Corr
0.63	CC	Chemours	Pair Corr
0.7	CE	Celanese	Pair Corr
0.74	FF	FutureFuel Corp	Pair Corr

Moving against FMC Stock

0.84	DC	Dakota Gold Corp	Pair Corr
0.76	CX	Cemex SAB de	Pair Corr
0.67	MT	ArcelorMittal SA ADR	Pair Corr
0.6	AU	AngloGold Ashanti plc	Pair Corr
0.58	MP	MP Materials Corp	Pair Corr
0.5	X	United States Steel	Pair Corr
0.49	DD	Dupont De Nemours	Pair Corr
0.45	ICL	ICL Israel Chemicals Potential Growth	Pair Corr
0.41	LVRO	Lavoro Limited Class	Pair Corr
0.31	ENFY	Enlightify Symbol Change	Pair Corr
0.67	AGI	Alamos Gold Sell-off Trend	Pair Corr
0.64	AEM	Agnico Eagle Mines Sell-off Trend	Pair Corr
0.62	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.57	NB	NioCorp Developments	Pair Corr
0.5	HYMCL	Hycroft Mining Holding	Pair Corr
0.43	VZLA	Vizsla Resources Corp	Pair Corr
0.42	VOXR	Vox Royalty Corp	Pair Corr
0.36	OR	Osisko Gold Ro	Pair Corr

Related Correlations Analysis

	CF	MOS	NTR	SMG	IPI	CTVA	BIOX	CTA-PB	BHIL	AVD
CF		0.46	0.02	0.8	0.0	0.12	0.88	-0.52	0.69	0.38	CF
MOS	0.46		0.68	0.46	0.74	0.73	0.3	-0.01	0.03	0.73	MOS
NTR	0.02	0.68		-0.11	0.86	0.86	-0.26	0.35	-0.5	0.61	NTR
SMG	0.8	0.46	-0.11		-0.05	0.1	0.88	-0.35	0.69	0.42	SMG
IPI	0.0	0.74	0.86	-0.05		0.78	-0.22	0.4	-0.49	0.47	IPI
CTVA	0.12	0.73	0.86	0.1	0.78		-0.13	0.24	-0.27	0.83	CTVA
BIOX	0.88	0.3	-0.26	0.88	-0.22	-0.13		-0.56	0.82	0.2	BIOX
CTA-PB	-0.52	-0.01	0.35	-0.35	0.4	0.24	-0.56		-0.56	-0.01	CTA-PB
BHIL	0.69	0.03	-0.5	0.69	-0.49	-0.27	0.82	-0.56		0.11	BHIL
AVD	0.38	0.73	0.61	0.42	0.47	0.83	0.2	-0.01	0.11		AVD
	CF	MOS	NTR	SMG	IPI	CTVA	BIOX	CTA-PB	BHIL	AVD

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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

BIOX	+ 0.88	CF
BIOX	+ 0.88	SMG
IPI	+ 0.86	NTR
CTVA	+ 0.86	NTR
AVD	+ 0.83	CTVA
BHIL	+ 0.82	BIOX

High negative correlations

BHIL	- 0.56	CTA-PB
CTA-PB	- 0.56	BIOX
CTA-PB	- 0.52	CF
BHIL	- 0.5	NTR
BHIL	- 0.49	IPI
CTA-PB	- 0.35	SMG

Risk-Adjusted Indicators

There is a big difference between FMC Stock performing well and FMC 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 FMC'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
CF	1.68	(0.16)	0.00	(0.28)	0.00	0.00	2.51	(4.59)	15.08
MOS	1.85	0.19	0.09	0.15	2.08	(2.04)	3.59	(3.58)	12.77
NTR	1.51	0.22	0.14	0.21	1.59	(1.83)	3.42	(2.67)	10.90
SMG	1.64	(0.25)	0.00	(0.38)	0.00	0.00	3.45	(3.51)	11.16
IPI	2.22	0.36	0.13	0.19	2.42	(2.42)	6.96	(3.69)	16.60
CTVA	1.13	0.12	0.10	0.09	1.28	(1.32)	2.34	(2.29)	8.81
BIOX	3.42	(0.50)	0.00	(1.10)	0.00	0.00	8.70	(8.05)	26.87
CTA-PB	0.52	0.08	0.18	0.19	0.62	(0.60)	1.30	(1.00)	5.85
BHIL	8.87	(1.16)	0.00	(0.45)	0.00	0.00	19.50	(17.07)	153.37
AVD	2.76	(0.01)	0.00	(0.08)	0.00	0.00	6.77	(6.27)	15.45

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