Olin Correlations

OLN Stock

USD 42.59 0.11 0.26%

The current 90-days correlation between Olin and Westlake Chemical is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Olin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olin Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Olin Correlation With Market

Very weak diversification

The correlation between Olin Corp. and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Olin Corp. 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 Olin Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Olin Stock

0.61	BAK	Braskem SA Class	Pair Corr
0.69	DOW	Dow Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.74	HUN	Huntsman	Pair Corr
0.86	TROX	Tronox Holdings PLC	Pair Corr
0.65	CX	Cemex SAB de	Pair Corr
0.84	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.67	EU	enCore Energy Corp	Pair Corr

Moving against Olin Stock

0.44	ASTL	Algoma Steel Group	Pair Corr
0.36	WS	Worthington Steel	Pair Corr
0.35	VKSC	Viskase Companies	Pair Corr

Related Correlations Analysis

	WTTR	WLK	SXT	AXTA	KWR	RPM	ASH	MTX	DD	EMN
WTTR		-0.57	0.49	0.87	0.36	0.71	-0.83	0.83	-0.06	-0.15	WTTR
WLK	-0.57		0.05	-0.59	0.17	-0.54	0.75	-0.53	0.59	0.6	WLK
SXT	0.49	0.05		0.56	0.46	0.55	-0.19	0.7	0.62	0.5	SXT
AXTA	0.87	-0.59	0.56		0.32	0.76	-0.76	0.85	0.05	-0.07	AXTA
KWR	0.36	0.17	0.46	0.32		-0.02	-0.06	0.24	0.11	-0.05	KWR
RPM	0.71	-0.54	0.55	0.76	-0.02		-0.69	0.84	0.2	0.24	RPM
ASH	-0.83	0.75	-0.19	-0.76	-0.06	-0.69		-0.65	0.22	0.27	ASH
MTX	0.83	-0.53	0.7	0.85	0.24	0.84	-0.65		0.2	0.06	MTX
DD	-0.06	0.59	0.62	0.05	0.11	0.2	0.22	0.2		0.85	DD
EMN	-0.15	0.6	0.5	-0.07	-0.05	0.24	0.27	0.06	0.85		EMN
	WTTR	WLK	SXT	AXTA	KWR	RPM	ASH	MTX	DD	EMN

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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

AXTA	+ 0.87	WTTR
MTX	+ 0.85	AXTA
EMN	+ 0.85	DD
MTX	+ 0.84	RPM
MTX	+ 0.83	WTTR
RPM	+ 0.76	AXTA

High negative correlations

ASH	- 0.83	WTTR
ASH	- 0.76	AXTA
ASH	- 0.69	RPM
MTX	- 0.65	ASH
AXTA	- 0.59	WLK
WLK	- 0.57	WTTR

Risk-Adjusted Indicators

There is a big difference between Olin Stock performing well and Olin 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 Olin'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
WTTR	2.12	0.12	0.15	0.17	2.11	(2.36)	3.95	(3.20)	27.74
WLK	1.10	(0.33)	0.00	(0.14)	0.00	0.00	1.88	(2.32)	6.57
SXT	1.08	(0.16)	(0.06)	0.02	1.32	(1.07)	2.14	(2.19)	8.84
AXTA	1.22	0.07	0.05	0.19	1.22	(1.26)	2.81	(2.08)	10.92
KWR	1.52	(0.32)	0.00	(0.02)	0.00	0.00	2.23	(2.92)	18.04
RPM	1.01	0.18	0.21	0.31	0.58	(1.32)	1.90	(1.33)	7.62
ASH	1.07	(0.32)	0.00	(0.18)	0.00	0.00	1.88	(2.26)	10.47
MTX	1.32	(0.11)	0.00	0.07	1.43	(1.42)	2.46	(2.51)	11.90
DD	0.99	(0.07)	(0.08)	0.04	1.21	(1.06)	2.68	(2.46)	7.46
EMN	1.09	(0.04)	(0.03)	0.09	1.30	(1.15)	2.78	(2.02)	7.31

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