Mativ Holdings Correlations

MATV Stock

USD 6.09 0.16 2.56%

The current 90-days correlation between Mativ Holdings and Orion Engineered Carbons is 0.03 (i.e., Significant diversification). The correlation of Mativ Holdings 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.

Mativ Holdings Correlation With Market

Very weak diversification

The correlation between Mativ Holdings and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mativ Holdings 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 Mativ Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Mativ Stock please use our How to Invest in Mativ Holdings guide.

Moving together with Mativ Stock

0.73	CC	Chemours	Pair Corr
0.81	FF	FutureFuel Corp	Pair Corr
0.79	FEAM	5E Advanced Materials Trending	Pair Corr
0.83	ALB	Albemarle Corp	Pair Corr
0.9	ASH	Ashland Global Holdings	Pair Corr
0.83	CBT	Cabot	Pair Corr
0.83	CMT	Core Molding Technologies	Pair Corr
0.95	FUL	H B Fuller Earnings Call This Week	Pair Corr
0.76	IFF	International Flavors	Pair Corr
0.7	KOP	Koppers Holdings	Pair Corr
0.88	KRO	Kronos Worldwide	Pair Corr
0.92	MTX	Minerals Technologies	Pair Corr
0.82	OEC	Orion Engineered Carbons	Pair Corr
0.67	PPG	PPG Industries	Pair Corr
0.88	PRM	Perimeter Solutions	Pair Corr
0.65	RPM	RPM International	Pair Corr
0.84	SCL	Stepan Company	Pair Corr
0.72	WLK	Westlake Chemical	Pair Corr
0.9	HWKN	Hawkins	Pair Corr
0.8	IOSP	Innospec	Pair Corr

Moving against Mativ Stock

0.71	ECL	Ecolab Inc	Pair Corr
0.51	FSI	Flexible Solutions Earnings Call This Week	Pair Corr
0.79	LIN	Linde plc Ordinary	Pair Corr
0.63	SQM	Sociedad Quimica y	Pair Corr
0.45	NEU	NewMarket	Pair Corr

Related Correlations Analysis

	OEC	WTTR	PRM	FF	ECVT	ESI	MTX	NGVT	HWKN	CBT
OEC		0.16	0.64	0.6	0.34	0.37	0.72	-0.26	0.82	0.89	OEC
WTTR	0.16		0.7	0.69	0.68	-0.19	0.53	-0.25	0.26	0.07	WTTR
PRM	0.64	0.7		0.92	0.62	0.04	0.93	-0.24	0.73	0.67	PRM
FF	0.6	0.69	0.92		0.6	0.0	0.9	-0.23	0.64	0.56	FF
ECVT	0.34	0.68	0.62	0.6		0.27	0.58	0.13	0.34	0.28	ECVT
ESI	0.37	-0.19	0.04	0.0	0.27		0.14	0.43	0.23	0.42	ESI
MTX	0.72	0.53	0.93	0.9	0.58	0.14		-0.21	0.83	0.77	MTX
NGVT	-0.26	-0.25	-0.24	-0.23	0.13	0.43	-0.21		-0.37	-0.12	NGVT
HWKN	0.82	0.26	0.73	0.64	0.34	0.23	0.83	-0.37		0.86	HWKN
CBT	0.89	0.07	0.67	0.56	0.28	0.42	0.77	-0.12	0.86		CBT
	OEC	WTTR	PRM	FF	ECVT	ESI	MTX	NGVT	HWKN	CBT

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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

MTX	+ 0.93	PRM
FF	+ 0.92	PRM
MTX	+ 0.9	FF
CBT	+ 0.89	OEC
CBT	+ 0.86	HWKN
HWKN	+ 0.83	MTX

High negative correlations

HWKN	- 0.37	NGVT
NGVT	- 0.26	OEC
NGVT	- 0.25	WTTR
NGVT	- 0.24	PRM
NGVT	- 0.23	FF
NGVT	- 0.21	MTX

Risk-Adjusted Indicators

There is a big difference between Mativ Stock performing well and Mativ Holdings 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 Mativ Holdings' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OEC	1.77	(0.34)	(10.77)	3.34	(3.55)	10.69
WTTR	1.88	(0.38)	0.88	3.95	(5.28)	10.92
PRM	2.04	(0.37)	(0.35)	3.59	(5.22)	13.42
FF	1.47	(0.29)	2.34	2.20	(3.28)	12.49
ECVT	1.68	(0.12)	(0.21)	2.88	(4.01)	17.46
ESI	1.16	(0.03)	(0.12)	2.54	(2.42)	7.56
MTX	1.06	(0.20)	(0.33)	1.80	(1.97)	5.89
NGVT	2.23	0.01	(0.06)	5.28	(3.90)	18.04
HWKN	2.00	(0.25)	(0.30)	3.42	(4.05)	12.24
CBT	1.25	(0.29)	(0.49)	2.07	(3.21)	8.68

Mativ Holdings Corporate Management

Andrew Downard	Chief Officer	Profile
Rajeev Kapur	Chief Officer	Profile
Andrew Wamser	Chief Officer	Profile
Ryan Elwart	Group Solutions	Profile

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