LyondellBasell Industries Correlations

LYB Stock

USD 69.85 2.11 2.93%

The current 90-days correlation between LyondellBasell Industries and International Flavors Fragrances is -0.02 (i.e., Good diversification). The correlation of LyondellBasell Industries 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.

LyondellBasell Industries Correlation With Market

Significant diversification

The correlation between LyondellBasell Industries NV and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LyondellBasell Industries NV 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 LyondellBasell Industries NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with LyondellBasell Stock

0.71	APD	Air Products	Pair Corr
0.67	EMN	Eastman Chemical	Pair Corr
0.7	FSI	Flexible Solutions Earnings Call Today	Pair Corr
0.66	SHW	Sherwin Williams	Pair Corr

Moving against LyondellBasell Stock

0.43	CMT	Core Molding Technologies	Pair Corr
0.48	SDST	Stardust Power Symbol Change	Pair Corr
0.44	SDSTW	Stardust Power Symbol Change	Pair Corr
0.36	NTIC	Northern Technologies	Pair Corr

Related Correlations Analysis

	IFF	CBT	WLK	APD	LIN	PPG	ECL	SHW	EMN	DD
IFF		0.63	0.8	0.51	-0.37	0.68	-0.35	0.45	0.11	-0.03	IFF
CBT	0.63		0.73	-0.06	-0.72	0.73	-0.65	-0.06	-0.24	-0.18	CBT
WLK	0.8	0.73		0.42	-0.44	0.81	-0.31	0.42	0.06	0.08	WLK
APD	0.51	-0.06	0.42		0.41	0.23	0.37	0.83	0.57	0.35	APD
LIN	-0.37	-0.72	-0.44	0.41		-0.44	0.9	0.48	0.65	0.62	LIN
PPG	0.68	0.73	0.81	0.23	-0.44		-0.34	0.27	-0.15	0.04	PPG
ECL	-0.35	-0.65	-0.31	0.37	0.9	-0.34		0.5	0.7	0.77	ECL
SHW	0.45	-0.06	0.42	0.83	0.48	0.27	0.5		0.62	0.41	SHW
EMN	0.11	-0.24	0.06	0.57	0.65	-0.15	0.7	0.62		0.7	EMN
DD	-0.03	-0.18	0.08	0.35	0.62	0.04	0.77	0.41	0.7		DD
	IFF	CBT	WLK	APD	LIN	PPG	ECL	SHW	EMN	DD

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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

ECL	+ 0.9	LIN
SHW	+ 0.83	APD
PPG	+ 0.81	WLK
WLK	+ 0.8	IFF
DD	+ 0.77	ECL
WLK	+ 0.73	CBT

High negative correlations

LIN	- 0.72	CBT
ECL	- 0.65	CBT
PPG	- 0.44	LIN
LIN	- 0.44	WLK
LIN	- 0.37	IFF
ECL	- 0.35	IFF

Risk-Adjusted Indicators

There is a big difference between LyondellBasell Stock performing well and LyondellBasell Industries 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 LyondellBasell Industries' 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
IFF	0.95	(0.13)	0.00	(0.18)	0.00	0.00	2.00	(1.89)	7.55
CBT	1.19	(0.18)	0.00	(0.25)	0.00	0.00	2.26	(2.66)	8.68
WLK	1.26	(0.18)	0.00	(0.22)	0.00	0.00	2.38	(2.79)	7.41
APD	1.07	0.01	0.01	0.01	1.47	(1.12)	2.38	(1.74)	8.35
LIN	0.76	0.14	0.17	0.26	0.60	(0.90)	1.81	(1.27)	3.68
PPG	1.17	(0.11)	0.00	(0.13)	0.00	0.00	2.60	(2.18)	8.61
ECL	0.85	0.09	0.09	0.13	0.95	(0.88)	1.63	(1.50)	8.71
SHW	1.05	(0.01)	0.00	(0.02)	0.00	0.00	2.09	(1.99)	4.87
EMN	1.30	(0.08)	0.00	0.56	0.00	0.00	2.44	(2.60)	11.00
DD	1.09	(0.01)	0.00	(0.01)	0.00	0.00	2.53	(2.25)	9.95

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