REX American Correlations

REX Stock

USD 36.71 0.05 0.14%

The current 90-days correlation between REX American Resources and Innospec is 0.24 (i.e., Modest diversification). The correlation of REX American 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.

REX American Correlation With Market

Weak diversification

The correlation between REX American Resources and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REX American Resources 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 REX American Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with REX Stock

0.71	GPRE	Green Plains Renewable	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.81	CC	Chemours Potential Growth	Pair Corr
0.7	CE	Celanese	Pair Corr
0.71	CF	CF Industries Holdings	Pair Corr
0.81	FF	FutureFuel Corp	Pair Corr
0.69	HYMCW	Hycroft Mining Holding	Pair Corr
0.83	ECVT	Ecovyst	Pair Corr
0.67	FEAM	5E Advanced Materials Trending	Pair Corr

Moving against REX Stock

0.77	MT	ArcelorMittal SA ADR	Pair Corr
0.62	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.6	TX	Ternium SA ADR	Pair Corr
0.53	CTA-PB	E I du	Pair Corr
0.51	AG	First Majestic Silver Aggressive Push	Pair Corr
0.49	MP	MP Materials Corp	Pair Corr
0.48	AU	AngloGold Ashanti plc	Pair Corr
0.45	DC	Dakota Gold Corp	Pair Corr
0.4	CTA-PA	E I du	Pair Corr
0.4	X	United States Steel	Pair Corr
0.7	CNL	Collective Mining	Pair Corr
0.68	AGI	Alamos Gold	Pair Corr
0.66	BTG	B2Gold Corp Aggressive Push	Pair Corr
0.65	BVN	Compania de Minas	Pair Corr
0.6	ASM	Avino Silver Gold	Pair Corr
0.56	AEM	Agnico Eagle Mines	Pair Corr
0.4	VOXR	Vox Royalty Corp	Pair Corr

Related Correlations Analysis

	IOSP	FUL	KWR	MTX	NTIC	OEC	ODC	NEU	HWKN	KRO
IOSP		0.76	0.5	0.95	0.55	0.58	-0.68	-0.54	0.68	0.92	IOSP
FUL	0.76		0.57	0.89	0.89	0.88	-0.49	-0.32	0.89	0.86	FUL
KWR	0.5	0.57		0.51	0.28	0.58	-0.29	0.28	0.44	0.6	KWR
MTX	0.95	0.89	0.51		0.74	0.73	-0.62	-0.54	0.82	0.95	MTX
NTIC	0.55	0.89	0.28	0.74		0.86	-0.34	-0.4	0.85	0.66	NTIC
OEC	0.58	0.88	0.58	0.73	0.86		-0.4	-0.14	0.83	0.72	OEC
ODC	-0.68	-0.49	-0.29	-0.62	-0.34	-0.4		0.47	-0.34	-0.7	ODC
NEU	-0.54	-0.32	0.28	-0.54	-0.4	-0.14	0.47		-0.31	-0.42	NEU
HWKN	0.68	0.89	0.44	0.82	0.85	0.83	-0.34	-0.31		0.77	HWKN
KRO	0.92	0.86	0.6	0.95	0.66	0.72	-0.7	-0.42	0.77		KRO
	IOSP	FUL	KWR	MTX	NTIC	OEC	ODC	NEU	HWKN	KRO

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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	+ 0.95	IOSP
KRO	+ 0.95	MTX
KRO	+ 0.92	IOSP
MTX	+ 0.89	FUL
NTIC	+ 0.89	FUL
HWKN	+ 0.89	FUL

High negative correlations

KRO	- 0.7	ODC
ODC	- 0.68	IOSP
ODC	- 0.62	MTX
NEU	- 0.54	MTX
NEU	- 0.54	IOSP
ODC	- 0.49	FUL

Risk-Adjusted Indicators

There is a big difference between REX Stock performing well and REX American 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 REX American'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
IOSP	1.29	(0.23)	0.00	(0.35)	0.00	0.00	2.34	(3.23)	10.25
FUL	1.27	(0.42)	0.00	(0.62)	0.00	0.00	1.85	(3.00)	8.25
KWR	1.57	(0.17)	0.00	(0.26)	0.00	0.00	2.99	(4.00)	8.76
MTX	1.10	(0.24)	0.00	(0.39)	0.00	0.00	1.80	(2.93)	5.89
NTIC	1.42	(0.32)	0.00	(0.54)	0.00	0.00	2.12	(3.79)	9.37
OEC	1.80	(0.31)	0.00	(0.39)	0.00	0.00	3.34	(3.55)	10.69
ODC	1.59	0.14	0.08	0.15	2.07	(1.65)	2.59	(3.33)	13.42
NEU	1.25	0.03	0.00	(0.02)	0.00	0.00	2.45	(2.68)	9.91
HWKN	1.99	(0.21)	0.00	(0.26)	0.00	0.00	3.42	(4.05)	12.24
KRO	1.57	(0.34)	0.00	(0.38)	0.00	0.00	3.74	(3.20)	13.74

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