Intrepid Potash Correlations

IPI Stock

USD 29.00 0.18 0.62%

The current 90-days correlation between Intrepid Potash and Bioceres Crop Solutions is 0.27 (i.e., Modest diversification). The correlation of Intrepid Potash 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.

Intrepid Potash Correlation With Market

Weak diversification

The correlation between Intrepid Potash and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intrepid Potash 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 Intrepid Potash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

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

Moving together with Intrepid Stock

0.81	ICL	ICL Israel Chemicals Potential Growth	Pair Corr
0.74	MOS	Mosaic	Pair Corr
0.86	NTR	Nutrien	Pair Corr
0.64	UAN	CVR Partners LP	Pair Corr
0.78	CTVA	Corteva	Pair Corr
0.81	X	United States Steel	Pair Corr
0.74	AU	AngloGold Ashanti plc	Pair Corr
0.75	MP	MP Materials Corp	Pair Corr
0.63	RS	Reliance Steel Aluminum	Pair Corr

Moving against Intrepid Stock

0.63	IE	Ivanhoe Electric	Pair Corr
0.49	BHIL	Benson Hill, Common	Pair Corr
0.37	LVRO	Lavoro Limited Class	Pair Corr
0.57	FEAM	5E Advanced Materials Trending	Pair Corr
0.52	ASH	Ashland Global Holdings	Pair Corr
0.46	ELBM	Electra Battery Materials	Pair Corr
0.39	WS	Worthington Steel	Pair Corr
0.32	FMST	Foremost Lithium Resource	Pair Corr

Related Correlations Analysis

	MOS	NTR	CTVA	FMC	CF	ICL	BIOX	CTA-PB	BHIL	AVD
MOS		0.68	0.73	0.3	0.46	0.47	0.3	-0.01	0.03	0.73	MOS
NTR	0.68		0.86	-0.19	0.02	0.91	-0.26	0.35	-0.5	0.61	NTR
CTVA	0.73	0.86		-0.1	0.12	0.78	-0.13	0.24	-0.27	0.83	CTVA
FMC	0.3	-0.19	-0.1		0.77	-0.45	0.86	-0.43	0.7	0.11	FMC
CF	0.46	0.02	0.12	0.77		-0.28	0.88	-0.52	0.69	0.38	CF
ICL	0.47	0.91	0.78	-0.45	-0.28		-0.52	0.46	-0.68	0.46	ICL
BIOX	0.3	-0.26	-0.13	0.86	0.88	-0.52		-0.56	0.82	0.2	BIOX
CTA-PB	-0.01	0.35	0.24	-0.43	-0.52	0.46	-0.56		-0.56	-0.01	CTA-PB
BHIL	0.03	-0.5	-0.27	0.7	0.69	-0.68	0.82	-0.56		0.11	BHIL
AVD	0.73	0.61	0.83	0.11	0.38	0.46	0.2	-0.01	0.11		AVD
	MOS	NTR	CTVA	FMC	CF	ICL	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

ICL	+ 0.91	NTR
BIOX	+ 0.88	CF
CTVA	+ 0.86	NTR
BIOX	+ 0.86	FMC
AVD	+ 0.83	CTVA
BHIL	+ 0.82	BIOX

High negative correlations

BHIL	- 0.68	ICL
BHIL	- 0.56	CTA-PB
CTA-PB	- 0.56	BIOX
BIOX	- 0.52	ICL
CTA-PB	- 0.52	CF
BHIL	- 0.5	NTR

Risk-Adjusted Indicators

There is a big difference between Intrepid Stock performing well and Intrepid Potash 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 Intrepid Potash'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
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
CTVA	1.13	0.12	0.10	0.09	1.28	(1.32)	2.34	(2.29)	8.81
FMC	2.13	(0.24)	0.00	(3.10)	0.00	0.00	3.85	(3.69)	38.47
CF	1.68	(0.16)	0.00	(0.28)	0.00	0.00	2.51	(4.59)	15.08
ICL	1.64	0.30	0.15	0.33	1.86	(1.94)	4.25	(2.82)	13.06
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

Intrepid Potash Corporate Management

Erica Wyatt	Chief Human Resource Officer	Profile
Edward Stone	Pres COO	Profile
Robert Baldridge	Senior Vice President - New Mexico	Profile
Evan CFA	Investor Manager	Profile
Mary Mcbride	Independent Director	Profile

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