United States Correlations

USLM Stock

USD 93.02 1.32 1.40%

The current 90-days correlation between United States Lime and Loma Negra Compania is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United States Lime moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

United States Correlation With Market

Very weak diversification

The correlation between United States Lime and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United States Lime 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 United States Lime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with United Stock

0.81	BCC	Boise Cascad Llc	Pair Corr
0.77	EXP	Eagle Materials	Pair Corr
0.76	KNF	Knife River	Pair Corr
0.75	MLM	Martin Marietta Materials	Pair Corr
0.66	VMC	Vulcan Materials	Pair Corr
0.78	ZJK	ZJK Industrial Co,	Pair Corr
0.75	LOMA	Loma Negra Compania	Pair Corr
0.71	RETO	ReTo Eco Solutions	Pair Corr
0.97	SMID	Smith Midland Corp	Pair Corr
0.83	TGLS	Tecnoglass	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.67	CC	Chemours	Pair Corr
0.75	CE	Celanese	Pair Corr
0.64	CF	CF Industries Holdings	Pair Corr
0.81	EU	enCore Energy Corp	Pair Corr
0.78	FF	FutureFuel Corp	Pair Corr
0.82	IE	Ivanhoe Electric	Pair Corr
0.93	NX	Quanex Building Products	Pair Corr
0.66	OC	Owens Corning	Pair Corr
0.84	TT	Trane Technologies plc	Pair Corr

Moving against United Stock

0.8	X	United States Steel	Pair Corr
0.62	CX	Cemex SAB de	Pair Corr
0.4	CRH	CRH PLC ADR	Pair Corr
0.38	CPAC	Cementos Pacasmayo SAA	Pair Corr
0.32	AG	First Majestic Silver	Pair Corr
0.88	MP	MP Materials Corp	Pair Corr
0.85	MT	ArcelorMittal SA ADR	Pair Corr
0.85	NC	NACCO Industries	Pair Corr
0.84	AU	AngloGold Ashanti plc	Pair Corr
0.84	DC	Dakota Gold Corp	Pair Corr
0.61	NB	NioCorp Developments	Pair Corr
0.4	HL	Hecla Mining	Pair Corr
0.32	OR	Osisko Gold Ro	Pair Corr
0.75	VALE	Vale SA ADR	Pair Corr
0.65	VZLA	Vizsla Resources Corp	Pair Corr
0.58	WLKP	Westlake Chemical	Pair Corr
0.53	TX	Ternium SA ADR	Pair Corr

Related Correlations Analysis

	SMID	HCMLF	HCMLY	CPAC	MLM	VMC	SUM	JHX	EXP	LOMA
SMID		-0.71	-0.79	-0.33	0.75	0.66	-0.84	0.29	0.79	0.75	SMID
HCMLF	-0.71		0.91	0.32	-0.77	-0.75	0.62	-0.29	-0.77	-0.67	HCMLF
HCMLY	-0.79	0.91		0.4	-0.68	-0.65	0.64	-0.22	-0.7	-0.62	HCMLY
CPAC	-0.33	0.32	0.4		-0.02	0.09	0.3	0.38	0.03	-0.16	CPAC
MLM	0.75	-0.77	-0.68	-0.02		0.97	-0.66	0.67	0.97	0.66	MLM
VMC	0.66	-0.75	-0.65	0.09	0.97		-0.6	0.66	0.96	0.63	VMC
SUM	-0.84	0.62	0.64	0.3	-0.66	-0.6		-0.23	-0.72	-0.69	SUM
JHX	0.29	-0.29	-0.22	0.38	0.67	0.66	-0.23		0.66	0.15	JHX
EXP	0.79	-0.77	-0.7	0.03	0.97	0.96	-0.72	0.66		0.69	EXP
LOMA	0.75	-0.67	-0.62	-0.16	0.66	0.63	-0.69	0.15	0.69		LOMA
	SMID	HCMLF	HCMLY	CPAC	MLM	VMC	SUM	JHX	EXP	LOMA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VMC	+ 0.97	MLM
EXP	+ 0.97	MLM
EXP	+ 0.96	VMC
HCMLY	+ 0.91	HCMLF
EXP	+ 0.79	SMID
MLM	+ 0.75	SMID

High negative correlations

SUM	- 0.84	SMID
HCMLY	- 0.79	SMID
EXP	- 0.77	HCMLF
MLM	- 0.77	HCMLF
VMC	- 0.75	HCMLF
EXP	- 0.72	SUM

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United States 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 United States' 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
SMID	2.21	(0.38)	0.00	(0.34)	0.00	0.00	4.34	(6.12)	13.29
HCMLF	1.01	0.15	0.07	0.21	1.11	(3.15)	3.96	(2.88)	14.26
HCMLY	1.16	0.23	0.14	0.20	1.52	(1.18)	2.54	(2.25)	8.76
CPAC	1.36	(0.05)	0.00	0.71	0.00	0.00	3.04	(2.90)	10.27
MLM	1.14	(0.16)	0.00	(0.26)	0.00	0.00	2.63	(2.60)	6.66
VMC	1.30	(0.18)	0.00	(0.28)	0.00	0.00	2.09	(2.85)	9.19
SUM	0.58	0.16	0.30	(0.60)	0.34	(0.65)	1.54	(0.79)	9.88
JHX	1.51	(0.16)	0.00	(0.27)	0.00	0.00	3.40	(3.39)	12.30
EXP	1.36	(0.27)	0.00	(0.34)	0.00	0.00	2.25	(3.43)	7.34
LOMA	2.62	(0.12)	0.00	(0.18)	0.00	0.00	5.19	(6.37)	13.80

United States Corporate Management

David Leymeister	VP of Sales and Marketing	Profile
Russell Riggs	VP of Production	Profile
Timothy Stone	Director Marketing	Profile
Michael CPA	Secretary Treasurer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC