Flexible Solutions Correlations

FSI Stock

USD 5.86 0.09 1.51%

The current 90-days correlation between Flexible Solutions and Northern Technologies is 0.08 (i.e., Significant diversification). The correlation of Flexible Solutions 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.

Flexible Solutions Correlation With Market

Significant diversification

The correlation between Flexible Solutions Internation and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flexible Solutions Internation 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 Flexible Solutions International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Flexible Stock

0.68	ECL	Ecolab Inc	Pair Corr
0.61	LIN	Linde plc Ordinary	Pair Corr

Moving against Flexible Stock

0.79	CMT	Core Molding Technologies	Pair Corr
0.71	ASH	Ashland Global Holdings	Pair Corr
0.68	FUL	H B Fuller	Pair Corr
0.63	ALB	Albemarle Corp	Pair Corr
0.62	FEAM	5E Advanced Materials Upward Rally	Pair Corr
0.58	ALB-PA	Albemarle	Pair Corr
0.57	CBT	Cabot	Pair Corr
0.51	KOP	Koppers Holdings Earnings Call Today	Pair Corr
0.43	KRO	Kronos Worldwide Earnings Call This Week	Pair Corr
0.86	SDSTW	Stardust Power Symbol Change	Pair Corr
0.73	MATV	Mativ Holdings	Pair Corr
0.66	HWKN	Hawkins	Pair Corr
0.65	OEC	Orion Engineered Carbons	Pair Corr
0.55	SCL	Stepan Company	Pair Corr
0.5	MTX	Minerals Technologies	Pair Corr
0.46	LWLG	Lightwave Logic Earnings Call Today	Pair Corr
0.44	PRM	Perimeter Solutions	Pair Corr
0.43	SSL	Sasol	Pair Corr
0.39	WLK	Westlake Chemical	Pair Corr
0.37	RPM	RPM International	Pair Corr
0.34	PPG	PPG Industries	Pair Corr
0.33	LOOP	Loop Industries	Pair Corr

Related Correlations Analysis

	OEC	IFF	SQM	ALB	ODC	NTIC	IOSP	NEU	CCF	OCLDF
OEC		0.66	-0.08	0.91	-0.73	0.76	0.61	0.46	0.0	0.11	OEC
IFF	0.66		0.04	0.72	-0.66	0.46	0.92	0.2	0.0	0.32	IFF
SQM	-0.08	0.04		0.13	-0.13	-0.25	0.14	-0.14	0.0	0.61	SQM
ALB	0.91	0.72	0.13		-0.75	0.79	0.73	0.22	0.0	0.21	ALB
ODC	-0.73	-0.66	-0.13	-0.75		-0.39	-0.61	-0.27	0.0	-0.4	ODC
NTIC	0.76	0.46	-0.25	0.79	-0.39		0.46	0.08	0.0	-0.26	NTIC
IOSP	0.61	0.92	0.14	0.73	-0.61	0.46		0.06	0.0	0.38	IOSP
NEU	0.46	0.2	-0.14	0.22	-0.27	0.08	0.06		0.0	0.11	NEU
CCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CCF
OCLDF	0.11	0.32	0.61	0.21	-0.4	-0.26	0.38	0.11	0.0		OCLDF
	OEC	IFF	SQM	ALB	ODC	NTIC	IOSP	NEU	CCF	OCLDF

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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

IOSP	+ 0.92	IFF
ALB	+ 0.91	OEC
NTIC	+ 0.79	ALB
NTIC	+ 0.76	OEC
IOSP	+ 0.73	ALB
ALB	+ 0.72	IFF

High negative correlations

ODC	- 0.75	ALB
ODC	- 0.73	OEC
ODC	- 0.66	IFF
IOSP	- 0.61	ODC
OCLDF	- 0.4	ODC
NTIC	- 0.39	ODC

Risk-Adjusted Indicators

There is a big difference between Flexible Stock performing well and Flexible Solutions 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 Flexible Solutions' 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
OEC	1.82	(0.27)	0.00	3.84	0.00	0.00	3.85	(3.55)	10.31
IFF	0.82	(0.11)	0.00	(0.18)	0.00	0.00	2.00	(1.63)	7.84
SQM	1.68	0.06	0.02	0.24	2.17	(1.70)	3.59	(3.83)	11.82
ALB	1.97	(0.40)	0.00	(0.51)	0.00	0.00	3.46	(4.44)	11.66
ODC	1.47	0.37	0.23	2.37	1.31	(1.78)	2.30	(2.36)	22.40
NTIC	1.78	(0.24)	0.00	(0.42)	0.00	0.00	3.65	(3.90)	13.36
IOSP	1.15	(0.17)	0.00	(0.19)	0.00	0.00	2.34	(2.20)	10.25
NEU	1.14	0.07	0.05	0.16	1.33	(1.16)	2.45	(2.66)	7.67
CCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OCLDF	0.30	(0.02)	0.00	(0.01)	0.00	0.00	0.00	0.00	8.68

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