Sociedad Quimica Correlations

SQM Stock

USD 43.85 0.39 0.88%

The current 90-days correlation between Sociedad Quimica y and Albemarle Corp is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sociedad Quimica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sociedad Quimica y moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sociedad Quimica Correlation With Market

Significant diversification

The correlation between Sociedad Quimica y and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sociedad Quimica y and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sociedad Quimica y. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving against Sociedad Stock

0.7	ASH	Ashland Global Holdings	Pair Corr
0.69	FUL	H B Fuller Earnings Call This Week	Pair Corr
0.6	FF	FutureFuel Corp	Pair Corr
0.59	FEAM	5E Advanced Materials	Pair Corr
0.51	ECVT	Ecovyst	Pair Corr
0.5	CBT	Cabot	Pair Corr
0.5	IFF	International Flavors	Pair Corr
0.47	CC	Chemours	Pair Corr
0.38	CMT	Core Molding Technologies	Pair Corr
0.37	ALB	Albemarle Corp	Pair Corr
0.74	KRO	Kronos Worldwide	Pair Corr
0.67	PRM	Perimeter Solutions	Pair Corr
0.63	MTX	Minerals Technologies	Pair Corr
0.58	SCL	Stepan Company	Pair Corr
0.56	OEC	Orion Engineered Carbons	Pair Corr
0.56	RPM	RPM International	Pair Corr
0.56	WLK	Westlake Chemical	Pair Corr
0.49	KWR	Quaker Chemical	Pair Corr
0.45	TSE	Trinseo SA	Pair Corr
0.37	KOP	Koppers Holdings	Pair Corr
0.35	PPG	PPG Industries	Pair Corr
0.34	SSL	Sasol	Pair Corr
0.7	CLMT	Calumet Specialty	Pair Corr
0.69	MATV	Mativ Holdings	Pair Corr
0.66	CNEY	CN Energy Group	Pair Corr
0.62	HWKN	Hawkins	Pair Corr

Related Correlations Analysis

	LTHM	LIN	APD	SHW	ALB	GEVO	PPG	ECL	LYB	CC
LTHM		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LTHM
LIN	0.0		0.46	0.45	-0.75	-0.68	-0.44	0.9	0.53	-0.47	LIN
APD	0.0	0.46		0.79	-0.05	-0.12	0.18	0.39	0.78	0.42	APD
SHW	0.0	0.45	0.79		-0.09	-0.29	0.31	0.48	0.65	0.25	SHW
ALB	0.0	-0.75	-0.05	-0.09		0.55	0.73	-0.69	-0.03	0.73	ALB
GEVO	0.0	-0.68	-0.12	-0.29	0.55		0.21	-0.7	-0.16	0.61	GEVO
PPG	0.0	-0.44	0.18	0.31	0.73	0.21		-0.33	0.26	0.64	PPG
ECL	0.0	0.9	0.39	0.48	-0.69	-0.7	-0.33		0.44	-0.53	ECL
LYB	0.0	0.53	0.78	0.65	-0.03	-0.16	0.26	0.44		0.29	LYB
CC	0.0	-0.47	0.42	0.25	0.73	0.61	0.64	-0.53	0.29		CC
	LTHM	LIN	APD	SHW	ALB	GEVO	PPG	ECL	LYB	CC

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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

ECL	+ 0.9	LIN
SHW	+ 0.79	APD
LYB	+ 0.78	APD
PPG	+ 0.73	ALB
CC	+ 0.73	ALB
LYB	+ 0.65	SHW

High negative correlations

ALB	- 0.75	LIN
ECL	- 0.7	GEVO
ECL	- 0.69	ALB
GEVO	- 0.68	LIN
CC	- 0.53	ECL
CC	- 0.47	LIN

Risk-Adjusted Indicators

There is a big difference between Sociedad Stock performing well and Sociedad Quimica 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 Sociedad Quimica'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
LTHM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIN	0.79	0.11	0.16	0.16	0.78	(0.90)	1.81	(1.43)	3.68
APD	1.12	(0.04)	0.00	(0.12)	0.00	0.00	2.38	(1.85)	8.35
SHW	1.05	(0.07)	0.00	(0.15)	0.00	0.00	1.98	(2.02)	4.87
ALB	2.08	(0.28)	0.00	(0.40)	0.00	0.00	3.47	(4.44)	14.94
GEVO	4.32	0.04	0.00	(0.03)	0.00	0.00	11.00	(7.77)	46.46
PPG	1.15	(0.11)	0.00	(0.22)	0.00	0.00	2.60	(2.18)	8.61
ECL	0.90	0.06	0.06	0.02	1.16	(0.90)	1.63	(1.60)	8.71
LYB	1.14	(0.02)	0.00	(0.10)	0.00	0.00	2.12	(2.39)	8.13
CC	2.27	(0.30)	0.00	(0.27)	0.00	0.00	4.21	(5.02)	18.10

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