Quaker Chemical Correlations

KWR Stock

USD 129.28 0.14 0.11%

The current 90-days correlation between Quaker Chemical and Minerals Technologies is 0.55 (i.e., Very weak diversification). The correlation of Quaker Chemical 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Quaker Chemical Correlation With Market

Very weak diversification

The correlation between Quaker Chemical and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quaker Chemical 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 Quaker Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Quaker Stock, please use our How to Invest in Quaker Chemical guide.

Moving together with Quaker Stock

0.62	CBT	Cabot	Pair Corr
0.63	PPG	PPG Industries	Pair Corr
0.77	RPM	RPM International	Pair Corr
0.75	SCL	Stepan Company	Pair Corr
0.62	TSE	Trinseo SA	Pair Corr
0.63	WLK	Westlake Chemical	Pair Corr

Moving against Quaker Stock

0.4

SQM

Sociedad Quimica y

Pair Corr

Related Correlations Analysis

	MTX	IOSP	FUL	CBT	ODC	SXT	NTIC
MTX		0.94	0.89	0.77	-0.61	0.43	0.45	MTX
IOSP	0.94		0.76	0.65	-0.67	0.52	0.34	IOSP
FUL	0.89	0.76		0.9	-0.48	0.27	0.43	FUL
CBT	0.77	0.65	0.9		-0.29	0.32	0.23	CBT
ODC	-0.61	-0.67	-0.48	-0.29		0.08	-0.46	ODC
SXT	0.43	0.52	0.27	0.32	0.08		-0.32	SXT
NTIC	0.45	0.34	0.43	0.23	-0.46	-0.32		NTIC
	MTX	IOSP	FUL	CBT	ODC	SXT	NTIC

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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	+ 0.94	MTX
CBT	+ 0.9	FUL
FUL	+ 0.89	MTX
CBT	+ 0.77	MTX
FUL	+ 0.76	IOSP
CBT	+ 0.65	IOSP

High negative correlations

ODC	- 0.67	IOSP
ODC	- 0.61	MTX
ODC	- 0.48	FUL
NTIC	- 0.46	ODC
NTIC	- 0.32	SXT
ODC	- 0.29	CBT

Risk-Adjusted Indicators

There is a big difference between Quaker Stock performing well and Quaker Chemical 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 Quaker Chemical'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
MTX	1.06	(0.20)	0.00	(0.33)	0.00	0.00	1.80	(1.97)	5.89
IOSP	1.26	(0.18)	0.00	(0.30)	0.00	0.00	2.34	(3.23)	10.25
FUL	1.27	(0.41)	0.00	(0.61)	0.00	0.00	1.85	(3.00)	8.25
CBT	1.25	(0.29)	0.00	(0.49)	0.00	0.00	2.07	(3.21)	8.68
ODC	1.57	0.20	0.11	0.23	2.01	(1.64)	2.59	(3.33)	13.42
SXT	1.17	0.01	0.00	(0.06)	0.00	0.00	2.33	(2.24)	11.22
NTIC	1.40	(0.38)	0.00	0.74	0.00	0.00	2.12	(3.21)	9.32

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