Oil Dri Correlations

ODC Stock

USD 42.96 0.36 0.85%

The current 90-days correlation between Oil Dri and Orion Engineered Carbons is 0.05 (i.e., Significant diversification). The correlation of Oil Dri 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.

Oil Dri Correlation With Market

Significant diversification

The correlation between Oil Dri and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oil Dri and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil Dri. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Oil Stock refer to our How to Trade Oil Stock guide.

Moving together with Oil Stock

0.61

MTEX

Mannatech Incorporated

Pair Corr

Moving against Oil Stock

0.74	WDFC	WD 40 Company	Pair Corr
0.68	CHD	Church Dwight	Pair Corr
0.68	SPB	Spectrum Brands Holdings	Pair Corr
0.65	ENR	Energizer Holdings	Pair Corr
0.64	HELE	Helen of Troy	Pair Corr
0.63	CL	Colgate Palmolive	Pair Corr
0.62	HLF	Herbalife Nutrition Trending	Pair Corr
0.61	EPC	Edgewell Personal Care	Pair Corr
0.58	CLX	Clorox	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.55	MED	MEDIFAST INC	Pair Corr
0.47	UL	Unilever PLC ADR	Pair Corr
0.47	KMB	Kimberly Clark	Pair Corr
0.46	NUS	Nu Skin Enterprises	Pair Corr
0.45	YSG	Yatsen Holding	Pair Corr
0.31	ELF	ELF Beauty	Pair Corr
0.85	FTFT	Future Fintech Group	Pair Corr
0.77	HNST	Honest Company Earnings Call This Week	Pair Corr
0.74	KVUE	Kenvue Inc Aggressive Push	Pair Corr
0.73	SNYR	Synergy CHC Corp	Pair Corr
0.7	USNA	USANA Health Sciences	Pair Corr
0.69	NATR	Natures Sunshine Products	Pair Corr
0.67	NHTC	Natural Health Trend	Pair Corr
0.67	SHOT	Safety Shot	Pair Corr
0.6	SEED	Origin Agritech	Pair Corr
0.59	NAII	Natural Alternatives	Pair Corr
0.56	OLPX	Olaplex Holdings	Pair Corr

Related Correlations Analysis

	FUL	MTX	KWR	SXT	IOSP	OEC	KOP
FUL		0.91	0.8	0.57	0.7	0.95	0.87	FUL
MTX	0.91		0.75	0.73	0.85	0.84	0.82	MTX
KWR	0.8	0.75		0.67	0.67	0.83	0.89	KWR
SXT	0.57	0.73	0.67		0.86	0.48	0.55	SXT
IOSP	0.7	0.85	0.67	0.86		0.61	0.7	IOSP
OEC	0.95	0.84	0.83	0.48	0.61		0.91	OEC
KOP	0.87	0.82	0.89	0.55	0.7	0.91		KOP
	FUL	MTX	KWR	SXT	IOSP	OEC	KOP

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Risk-Adjusted Indicators

There is a big difference between Oil Stock performing well and Oil Dri 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 Oil Dri'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FUL	1.17	(0.42)	1.27	1.85	(3.00)	9.94
MTX	1.08	(0.22)	(16.07)	1.93	(2.49)	7.44
KWR	1.49	(0.21)	(0.21)	2.61	(2.92)	8.76
SXT	1.11	(0.13)	(0.12)	1.92	(2.24)	11.22
IOSP	1.15	(0.17)	(0.19)	2.34	(2.20)	10.25
OEC	1.82	(0.27)	3.84	3.85	(3.55)	10.31
KOP	1.55	(0.29)	(0.22)	2.93	(3.32)	6.63

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