RPM International Correlations

RPM Stock

USD 114.27 0.24 0.21%

The current 90-days correlation between RPM International and H B Fuller is 0.67 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RPM International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RPM International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RPM International Correlation With Market

Very weak diversification

The correlation between RPM International and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RPM International 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 RPM International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in RPM Stock, please use our How to Invest in RPM International guide.

Moving together with RPM Stock

0.68	CC	Chemours Potential Growth	Pair Corr
0.69	FF	FutureFuel Corp	Pair Corr
0.66	ALB	Albemarle Corp	Pair Corr
0.71	ASH	Ashland Global Holdings	Pair Corr
0.73	CBT	Cabot	Pair Corr
0.74	FUL	H B Fuller Earnings Call This Week	Pair Corr
0.76	IFF	International Flavors	Pair Corr
0.79	KRO	Kronos Worldwide	Pair Corr
0.75	KWR	Quaker Chemical	Pair Corr
0.75	MTX	Minerals Technologies	Pair Corr
0.63	OEC	Orion Engineered Carbons	Pair Corr
0.68	OLN	Olin	Pair Corr
0.8	PPG	PPG Industries	Pair Corr
0.71	PRM	Perimeter Solutions	Pair Corr
0.78	SCL	Stepan Company	Pair Corr
0.89	WLK	Westlake Chemical	Pair Corr

Moving against RPM Stock

0.31	WDFC	WD 40 Company	Pair Corr
0.56	SQM	Sociedad Quimica y	Pair Corr
0.48	ODC	Oil Dri	Pair Corr

Related Correlations Analysis

	IOSP	MTX	ODC	KWR	SXT	ASH	FUL	BCPC
IOSP		0.95	-0.68	0.5	0.49	0.77	0.76	-0.56	IOSP
MTX	0.95		-0.62	0.51	0.39	0.86	0.89	-0.6	MTX
ODC	-0.68	-0.62		-0.29	0.09	-0.63	-0.49	0.58	ODC
KWR	0.5	0.51	-0.29		0.31	0.48	0.57	0.05	KWR
SXT	0.49	0.39	0.09	0.31		0.05	0.23	-0.16	SXT
ASH	0.77	0.86	-0.63	0.48	0.05		0.88	-0.56	ASH
FUL	0.76	0.89	-0.49	0.57	0.23	0.88		-0.48	FUL
BCPC	-0.56	-0.6	0.58	0.05	-0.16	-0.56	-0.48		BCPC
	IOSP	MTX	ODC	KWR	SXT	ASH	FUL	BCPC

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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
FUL	+ 0.89	MTX
FUL	+ 0.88	ASH
ASH	+ 0.86	MTX
ASH	+ 0.77	IOSP
FUL	+ 0.76	IOSP

High negative correlations

ODC	- 0.68	IOSP
ASH	- 0.63	ODC
ODC	- 0.62	MTX
BCPC	- 0.6	MTX
BCPC	- 0.56	ASH
BCPC	- 0.56	IOSP

Risk-Adjusted Indicators

There is a big difference between RPM Stock performing well and RPM International 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 RPM International'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
MTX	1.10	(0.24)	0.00	(0.39)	0.00	0.00	1.80	(2.93)	5.89
ODC	1.59	0.14	0.08	0.15	2.07	(1.65)	2.59	(3.33)	13.42
KWR	1.57	(0.17)	0.00	(0.26)	0.00	0.00	2.99	(4.00)	8.76
SXT	1.20	(0.02)	0.00	(0.09)	0.00	0.00	2.33	(2.24)	11.22
ASH	1.41	(0.34)	0.00	(0.40)	0.00	0.00	2.42	(3.47)	12.24
FUL	1.27	(0.42)	0.00	(0.62)	0.00	0.00	1.85	(3.00)	8.25
BCPC	1.06	0.01	0.00	(0.05)	0.00	0.00	1.80	(1.83)	7.75

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