Origin Materials Correlations

ORGN Stock

USD 0.75 0.03 3.85%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Origin Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Origin Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Origin Materials Correlation With Market

Significant diversification

The correlation between Origin Materials and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Origin Materials 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 Origin Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Origin Stock, please use our How to Invest in Origin Materials guide.

Moving together with Origin Stock

0.67	DHIL	Diamond Hill Investment	Pair Corr
0.63	RC	Ready Capital Corp	Pair Corr
0.82	VRTS	Virtus Investment	Pair Corr
0.71	LGHLW	Lion Financial Group	Pair Corr
0.73	AMG	Affiliated Managers	Pair Corr

Moving against Origin Stock

0.84	LX	Lexinfintech Holdings	Pair Corr
0.81	DX	Dynex Capital	Pair Corr
0.79	DB	Deutsche Bank AG	Pair Corr
0.73	V	Visa Class A	Pair Corr
0.65	LU	Lufax Holding	Pair Corr
0.55	MA	Mastercard Sell-off Trend	Pair Corr
0.45	WU	Western Union	Pair Corr
0.4	AC	Associated Capital	Pair Corr
0.39	PT	Pintec Technology	Pair Corr
0.81	FINV	FinVolution Group Normal Trading	Pair Corr
0.77	ARI	Apollo Commercial Real	Pair Corr
0.76	EFC	Ellington Financial	Pair Corr
0.75	EZPW	EZCORP Inc Normal Trading	Pair Corr
0.75	FCFS	FirstCash	Pair Corr
0.55	ARR	ARMOUR Residential REIT	Pair Corr
0.52	WSBF	Waterstone Financial	Pair Corr
0.51	EQH	Axa Equitable Holdings	Pair Corr
0.41	FDUS	Fidus Investment Corp	Pair Corr

Related Correlations Analysis

	TROX	VHI	LXU	HUN	CE	MEOH	ASIX	GPRE	UNVR
TROX		0.88	0.72	0.3	0.9	0.61	0.74	0.87	0.0	TROX
VHI	0.88		0.72	0.38	0.88	0.51	0.63	0.95	0.0	VHI
LXU	0.72	0.72		0.18	0.76	0.6	0.84	0.64	0.0	LXU
HUN	0.3	0.38	0.18		0.23	-0.24	0.22	0.33	0.0	HUN
CE	0.9	0.88	0.76	0.23		0.63	0.69	0.82	0.0	CE
MEOH	0.61	0.51	0.6	-0.24	0.63		0.69	0.51	0.0	MEOH
ASIX	0.74	0.63	0.84	0.22	0.69	0.69		0.62	0.0	ASIX
GPRE	0.87	0.95	0.64	0.33	0.82	0.51	0.62		0.0	GPRE
UNVR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		UNVR
	TROX	VHI	LXU	HUN	CE	MEOH	ASIX	GPRE	UNVR

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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

GPRE	+ 0.95	VHI
CE	+ 0.9	TROX
VHI	+ 0.88	TROX
CE	+ 0.88	VHI
GPRE	+ 0.87	TROX
ASIX	+ 0.84	LXU

High negative correlations

MEOH	- 0.24	HUN
UNVR	- 0.0	GPRE
UNVR	- 0.0	ASIX
UNVR	- 0.0	MEOH
UNVR	- 0.0	CE
UNVR	- 0.0	HUN

Risk-Adjusted Indicators

There is a big difference between Origin Stock performing well and Origin Materials 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 Origin Materials' 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
TROX	2.42	(0.41)	(0.35)	4.34	(5.62)	16.13
VHI	2.20	(0.40)	(0.71)	3.65	(6.06)	12.94
LXU	2.17	(0.22)	(0.25)	3.41	(4.59)	27.77
HUN	1.76	(0.14)	(0.25)	3.63	(3.61)	13.93
CE	2.24	(0.15)	(0.23)	4.23	(4.01)	26.83
MEOH	1.72	(0.27)	(0.28)	2.97	(3.34)	16.72
ASIX	1.74	(0.34)	(0.34)	2.44	(3.75)	14.24
GPRE	3.60	(0.85)	(0.70)	6.31	(7.58)	26.78
UNVR	0.00	0.00	0.00	0.00	0.00	0.00

Origin Materials Corporate Management

Stephen Galowitz	Chief Officer	Profile
Mako Masuno	Chief Scientist	Profile
Amanda Medina	Head Resources	Profile
Pamela Haley	Senior Finance	Profile
Richard Riley	CoCEO Director	Profile
John Bissell	CoCEO CoFounder	Profile

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