Quaker Chemical Correlations
| QUC Stock | EUR 146.00 4.00 2.67% |
The current 90-days correlation between Quaker Chemical and TEXAS ROADHOUSE is 0.27 (i.e., Modest diversification). The correlation of Quaker Chemical 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.
Quaker Chemical Correlation With Market
Poor diversification
The correlation between Quaker Chemical and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quaker Chemical and DJI in the same portfolio, assuming nothing else is changed.
Quaker |
The ability to find closely correlated positions to Quaker Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quaker Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Quaker Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Quaker Chemical to buy it.
Moving together with Quaker Stock
Moving against Quaker Stock
| 0.6 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.46 | AIL | Air Liquide SA | PairCorr |
| 0.45 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.44 | PTI | Perusahaan Perseroan | PairCorr |
| 0.41 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.36 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.34 | SIKB | SIKA AG UNSPADR | PairCorr |
| 0.31 | SSUN | Samsung Electronics | PairCorr |
| 0.31 | SSU | Samsung Electronics | PairCorr |
Related Correlations Analysis
| -0.86 | 0.1 | 0.0 | 0.67 | -0.71 | 0.52 | ROW | ||
| -0.86 | 0.23 | 0.0 | -0.64 | 0.5 | -0.22 | S8M | ||
| 0.1 | 0.23 | 0.0 | 0.05 | -0.5 | 0.6 | 47X | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1P3N | ||
| 0.67 | -0.64 | 0.05 | 0.0 | -0.48 | 0.15 | I9V | ||
| -0.71 | 0.5 | -0.5 | 0.0 | -0.48 | -0.72 | 1RNA | ||
| 0.52 | -0.22 | 0.6 | 0.0 | 0.15 | -0.72 | 1YD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Quaker Stock performing well and Quaker Chemical 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 Quaker Chemical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ROW | 1.41 | 0.28 | 0.20 | 0.59 | 0.94 | 3.46 | 7.11 | |||
| S8M | 1.88 | (0.60) | 0.00 | (0.99) | 0.00 | 3.33 | 14.44 | |||
| 47X | 1.19 | 0.01 | (0.05) | 0.17 | 1.25 | 2.74 | 5.68 | |||
| 1P3N | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| I9V | 1.82 | 0.16 | 0.01 | (3.80) | 1.98 | 4.26 | 11.37 | |||
| 1RNA | 3.48 | (0.61) | 0.00 | (0.31) | 0.00 | 6.18 | 42.11 | |||
| 1YD | 2.06 | 0.05 | 0.00 | 0.23 | 2.88 | 4.41 | 12.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Quaker Chemical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
| All Next | Launch Module |
Quaker Chemical Corporate Management
Elected by the shareholders, the Quaker Chemical's board of directors comprises two types of representatives: Quaker Chemical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Quaker. The board's role is to monitor Quaker Chemical's management team and ensure that shareholders' interests are well served. Quaker Chemical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Quaker Chemical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Esq | Gen VP | Profile | |
| Jeffrey Schnell | Director Relations | Profile | |
| Wilbert Platzer | Environmental Operations | Profile | |
| Andrew Tometich | Pres CEO | Profile | |
| David Slinkman | VP CTO | Profile | |
| David Will | Global VP | Profile | |
| Shane Hostetter | VP CFO | Profile |