Kronos Worldwide Correlations

KRO Stock

USD 7.71 0.17 2.16%

The current 90-days correlation between Kronos Worldwide and Oil Dri is 0.24 (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 0.45 (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

0.87	CC	Chemours	Pair Corr
0.88	FF	FutureFuel Corp	Pair Corr
0.68	ECVT	Ecovyst	Pair Corr
0.87	WTTR	Select Energy Services	Pair Corr
0.68	FEAM	5E Advanced Materials	Pair Corr
0.69	ALB-PA	Albemarle	Pair Corr
0.73	ALB	Albemarle Corp	Pair Corr
0.87	ASH	Ashland Global Holdings	Pair Corr
0.73	CBT	Cabot	Pair Corr
0.62	CMT	Core Molding Technologies	Pair Corr
0.86	FUL	H B Fuller Earnings Call This Week	Pair Corr
0.85	IFF	International Flavors	Pair Corr
0.61	KOP	Koppers Holdings	Pair Corr
0.95	MTX	Minerals Technologies	Pair Corr
0.72	OEC	Orion Engineered Carbons	Pair Corr
0.85	OLN	Olin	Pair Corr
0.7	PPG	PPG Industries	Pair Corr
0.91	PRM	Perimeter Solutions	Pair Corr
0.79	RPM	RPM International	Pair Corr
0.82	SCL	Stepan Company	Pair Corr
0.79	WLK	Westlake Chemical	Pair Corr

Moving against Kronos Stock

0.57	LIN	Linde plc Ordinary	Pair Corr
0.51	ECL	Ecolab Inc	Pair Corr
0.44	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr
0.42	NEU	NewMarket	Pair Corr
0.74	SQM	Sociedad Quimica y	Pair Corr
0.64	AU	AngloGold Ashanti plc	Pair Corr
0.55	X	United States Steel	Pair Corr
0.55	AG	First Majestic Silver	Pair Corr
0.48	HDSN	Hudson Technologies	Pair Corr
0.31	BCPC	Balchem	Pair Corr

Related Correlations Analysis

	ODC	KWR	ECVT	MTX	ESI	PRM	SXT	TSE	WTTR	OEC
ODC		-0.29	-0.72	-0.62	0.05	-0.71	0.09	-0.1	-0.85	-0.4	ODC
KWR	-0.29		0.52	0.51	0.42	0.37	0.31	0.6	0.38	0.58	KWR
ECVT	-0.72	0.52		0.62	0.31	0.64	0.16	0.33	0.74	0.44	ECVT
MTX	-0.62	0.51	0.62		0.08	0.93	0.39	0.17	0.83	0.73	MTX
ESI	0.05	0.42	0.31	0.08		0.02	0.16	0.44	0.08	0.35	ESI
PRM	-0.71	0.37	0.64	0.93	0.02		0.23	0.11	0.9	0.68	PRM
SXT	0.09	0.31	0.16	0.39	0.16	0.23		-0.27	0.03	0.01	SXT
TSE	-0.1	0.6	0.33	0.17	0.44	0.11	-0.27		0.25	0.61	TSE
WTTR	-0.85	0.38	0.74	0.83	0.08	0.9	0.03	0.25		0.66	WTTR
OEC	-0.4	0.58	0.44	0.73	0.35	0.68	0.01	0.61	0.66		OEC
	ODC	KWR	ECVT	MTX	ESI	PRM	SXT	TSE	WTTR	OEC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PRM	+ 0.93	MTX
WTTR	+ 0.9	PRM
WTTR	+ 0.83	MTX
WTTR	+ 0.74	ECVT
OEC	+ 0.73	MTX
OEC	+ 0.68	PRM

High negative correlations

WTTR	- 0.85	ODC
ECVT	- 0.72	ODC
PRM	- 0.71	ODC
MTX	- 0.62	ODC
OEC	- 0.4	ODC
KWR	- 0.29	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	1.59	0.14	0.08	0.15	2.07	(1.65)	2.59	(3.33)	13.42
KWR	1.57	(0.17)	0.00	(0.26)	0.00	0.00	2.99	(4.00)	8.76
ECVT	1.71	(0.15)	0.00	(0.24)	0.00	0.00	2.88	(4.01)	17.46
MTX	1.10	(0.24)	0.00	(0.39)	0.00	0.00	1.80	(2.93)	5.89
ESI	1.19	(0.07)	0.00	(0.17)	0.00	0.00	2.54	(3.07)	7.56
PRM	2.07	(0.41)	0.00	(0.38)	0.00	0.00	3.59	(5.22)	13.42
SXT	1.20	(0.02)	0.00	(0.09)	0.00	0.00	2.33	(2.24)	11.22
TSE	4.00	(0.20)	0.00	(0.46)	0.00	0.00	6.86	(7.58)	37.05
WTTR	1.89	(0.37)	0.00	(0.50)	0.00	0.00	3.95	(5.28)	10.92
OEC	1.80	(0.31)	0.00	(0.39)	0.00	0.00	3.34	(3.55)	10.69

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC