Kronos Worldwide Correlations

KRO Stock

USD 9.15 0.14 1.51%

The current 90-days correlation between Kronos Worldwide and Oil Dri is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kronos Worldwide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kronos Worldwide moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kronos Worldwide Correlation With Market

Very weak diversification

The correlation between Kronos Worldwide and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kronos Worldwide and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kronos Worldwide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Kronos Stock, please use our How to Invest in Kronos Worldwide guide.

Moving together with Kronos Stock

0.62	CC	Chemours Downward Rally	Pair Corr
0.76	DD	Dupont De Nemours	Pair Corr
0.9	WDFC	WD 40 Company	Pair Corr
0.81	ALB-PA	Albemarle	Pair Corr
0.81	ALB	Albemarle Corp	Pair Corr
0.8	ASH	Ashland Global Holdings	Pair Corr
0.92	CBT	Cabot	Pair Corr
0.73	CMT	Core Molding Technologies	Pair Corr
0.65	EMN	Eastman Chemical	Pair Corr
0.91	ESI	Element Solutions Earnings Call Tomorrow	Pair Corr
0.87	FUL	H B Fuller	Pair Corr
0.85	IFF	International Flavors Earnings Call Tomorrow	Pair Corr
0.91	KOP	Koppers Holdings	Pair Corr
0.95	KWR	Quaker Chemical	Pair Corr
0.86	LYB	LyondellBasell Industries	Pair Corr
0.9	MTX	Minerals Technologies	Pair Corr
0.67	NEU	NewMarket	Pair Corr
0.77	OEC	Orion Engineered Carbons	Pair Corr
0.67	PPG	PPG Industries Sell-off Trend	Pair Corr
0.88	RPM	RPM International	Pair Corr
0.91	SCL	Stepan Company Earnings Call Tomorrow	Pair Corr
0.82	SHW	Sherwin Williams	Pair Corr
0.74	SSL	Sasol Earnings Call This Week	Pair Corr
0.7	SXT	Sensient Technologies	Pair Corr
0.93	WLK	Westlake Chemical Earnings Call Tomorrow	Pair Corr

Moving against Kronos Stock

0.8	ODC	Oil Dri	Pair Corr
0.35	FSI	Flexible Solutions Upward Rally	Pair Corr
0.74	ALTO	Alto Ingredients	Pair Corr
0.63	GEVO	Gevo Inc	Pair Corr
0.48	TSE	Trinseo SA	Pair Corr
0.45	ALTM	Arcadium Lithium plc Aggressive Push	Pair Corr

Related Correlations Analysis

	ODC	KWR	ECVT	MTX	ESI	PRM	SXT	TSE	WTTR	OEC
ODC		-0.81	-0.67	-0.76	-0.84	-0.07	-0.55	0.66	-0.64	-0.76	ODC
KWR	-0.81		0.6	0.89	0.92	0.17	0.76	-0.44	0.48	0.81	KWR
ECVT	-0.67	0.6		0.51	0.62	-0.03	0.66	-0.58	0.39	0.39	ECVT
MTX	-0.76	0.89	0.51		0.91	0.37	0.72	-0.36	0.63	0.86	MTX
ESI	-0.84	0.92	0.62	0.91		0.23	0.73	-0.37	0.66	0.87	ESI
PRM	-0.07	0.17	-0.03	0.37	0.23		0.11	-0.09	0.39	0.27	PRM
SXT	-0.55	0.76	0.66	0.72	0.73	0.11		-0.33	0.29	0.49	SXT
TSE	0.66	-0.44	-0.58	-0.36	-0.37	-0.09	-0.33		-0.21	-0.15	TSE
WTTR	-0.64	0.48	0.39	0.63	0.66	0.39	0.29	-0.21		0.7	WTTR
OEC	-0.76	0.81	0.39	0.86	0.87	0.27	0.49	-0.15	0.7		OEC
	ODC	KWR	ECVT	MTX	ESI	PRM	SXT	TSE	WTTR	OEC

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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

ESI	+ 0.92	KWR
ESI	+ 0.91	MTX
MTX	+ 0.89	KWR
OEC	+ 0.87	ESI
OEC	+ 0.86	MTX
OEC	+ 0.81	KWR

High negative correlations

ESI	- 0.84	ODC
KWR	- 0.81	ODC
OEC	- 0.76	ODC
MTX	- 0.76	ODC
ECVT	- 0.67	ODC
WTTR	- 0.64	ODC

Risk-Adjusted Indicators

There is a big difference between Kronos Stock performing well and Kronos Worldwide 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 Kronos Worldwide'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	1.57	0.27	0.13	1.86	1.80	(1.74)	2.30	(2.51)	22.38
KWR	1.42	(0.28)	0.00	(0.29)	0.00	0.00	2.46	(2.92)	8.76
ECVT	1.37	0.04	0.02	0.11	1.52	(1.51)	2.86	(2.26)	12.72
MTX	1.10	(0.21)	0.00	(0.28)	0.00	0.00	1.93	(2.51)	7.44
ESI	0.95	(0.13)	0.00	(0.33)	0.00	0.00	1.81	(2.11)	6.93
PRM	1.91	(0.22)	0.00	(0.62)	0.00	0.00	3.59	(4.16)	13.93
SXT	1.16	(0.16)	0.00	(0.14)	0.00	0.00	1.92	(2.45)	6.44
TSE	4.44	0.69	0.13	(0.87)	4.74	(5.57)	10.89	(6.94)	58.48
WTTR	1.74	(0.07)	0.00	(0.19)	0.00	0.00	3.95	(3.61)	9.55
OEC	1.98	(0.10)	0.00	(0.23)	0.00	0.00	4.05	(3.55)	19.27

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