Ferroglobe PLC Correlations

GSM Stock

USD 4.07 0.04 0.97%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ferroglobe PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ferroglobe PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ferroglobe PLC Correlation With Market

Average diversification

The correlation between Ferroglobe PLC and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ferroglobe PLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ferroglobe PLC. 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.

To learn how to invest in Ferroglobe Stock, please use our How to Invest in Ferroglobe PLC guide.

Moving together with Ferroglobe Stock

0.67

LAC

Lithium Americas Corp

Pair Corr

Moving against Ferroglobe Stock

0.34

NIOBW

NioCorp Developments

Pair Corr

Related Correlations Analysis

	FURY	IPX	EMX	MTRN	VZLA	WRN	USAS	GLG	NEXA	SKE
FURY		-0.19	0.55	0.1	0.49	0.36	0.32	0.0	-0.17	0.49	FURY
IPX	-0.19		-0.31	0.55	-0.53	0.26	-0.58	0.0	0.67	-0.35	IPX
EMX	0.55	-0.31		-0.3	0.78	0.45	0.67	0.0	-0.49	0.85	EMX
MTRN	0.1	0.55	-0.3		-0.31	0.07	-0.29	0.0	0.62	-0.16	MTRN
VZLA	0.49	-0.53	0.78	-0.31		0.27	0.9	0.0	-0.72	0.88	VZLA
WRN	0.36	0.26	0.45	0.07	0.27		0.08	0.0	-0.01	0.42	WRN
USAS	0.32	-0.58	0.67	-0.29	0.9	0.08		0.0	-0.82	0.84	USAS
GLG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GLG
NEXA	-0.17	0.67	-0.49	0.62	-0.72	-0.01	-0.82	0.0		-0.6	NEXA
SKE	0.49	-0.35	0.85	-0.16	0.88	0.42	0.84	0.0	-0.6		SKE
	FURY	IPX	EMX	MTRN	VZLA	WRN	USAS	GLG	NEXA	SKE

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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

USAS	+ 0.9	VZLA
SKE	+ 0.88	VZLA
SKE	+ 0.85	EMX
SKE	+ 0.84	USAS
VZLA	+ 0.78	EMX
NEXA	+ 0.67	IPX

High negative correlations

NEXA	- 0.82	USAS
NEXA	- 0.72	VZLA
SKE	- 0.6	NEXA
USAS	- 0.58	IPX
VZLA	- 0.53	IPX
NEXA	- 0.49	EMX

Risk-Adjusted Indicators

There is a big difference between Ferroglobe Stock performing well and Ferroglobe 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 Ferroglobe 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
FURY	2.50	0.04	0.02	0.03	2.70	(3.94)	5.41	(5.13)	18.43
IPX	3.37	(0.42)	0.00	5.15	0.00	0.00	5.58	(7.95)	24.21
EMX	1.30	0.12	0.09	0.43	1.45	(1.70)	2.91	(2.26)	8.17
MTRN	1.70	(0.29)	0.00	(0.26)	0.00	0.00	3.45	(4.04)	8.55
VZLA	2.79	0.44	0.14	0.68	3.12	(2.96)	5.36	(4.83)	19.39
WRN	2.31	0.06	0.05	(0.28)	2.67	(2.82)	4.76	(3.77)	12.71
USAS	3.37	0.58	0.11	0.97	4.31	(4.02)	7.14	(7.14)	32.95
GLG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEXA	3.49	(0.39)	0.00	(0.55)	0.00	0.00	5.50	(7.04)	22.88
SKE	2.41	0.34	0.11	0.34	2.86	(2.55)	6.08	(5.07)	17.26

Ferroglobe PLC Corporate Management

Beatriz Muntaola	CFO Officer	Profile
David Girardeau	Chief Officer	Profile
Marco Levi	CEO Director	Profile
Gaurav Mehta	EVP America	Profile
Benjamin Crespy	Chief Officer	Profile
Benoist Ollivier	Deputy Officer	Profile

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