Valhi Correlations

VHI Stock

USD 17.90 0.33 1.88%

The current 90-days correlation between Valhi Inc and Lsb Industries is 0.33 (i.e., Weak diversification). The correlation of Valhi 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.

Valhi Correlation With Market

Average diversification

The correlation between Valhi Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valhi Inc 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 Valhi Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Valhi Stock

0.85	AA	Alcoa Corp	Pair Corr
0.86	CE	Celanese	Pair Corr
0.73	IE	Ivanhoe Electric	Pair Corr
0.73	WS	Worthington Steel Earnings Call Today	Pair Corr
0.77	HYMCW	Hycroft Mining Holding	Pair Corr
0.62	CMC	Commercial Metals Earnings Call Today	Pair Corr
0.82	DOW	Dow Inc	Pair Corr
0.68	EGO	Eldorado Gold Corp	Pair Corr
0.77	ERO	Ero Copper Corp	Pair Corr
0.68	HBM	Hudbay Minerals	Pair Corr

Moving against Valhi Stock

0.85	AGI	Alamos Gold	Pair Corr
0.83	DC	Dakota Gold Corp	Pair Corr
0.83	MT	ArcelorMittal SA ADR	Pair Corr
0.79	DRD	DRDGOLD Limited ADR	Pair Corr
0.77	AEM	Agnico Eagle Mines	Pair Corr
0.71	AU	AngloGold Ashanti plc Buyout Trend	Pair Corr
0.69	EQX	Equinox Gold Corp	Pair Corr
0.57	BTG	B2Gold Corp Aggressive Push	Pair Corr
0.55	X	United States Steel Buyout Trend	Pair Corr
0.49	HYMCL	Hycroft Mining Holding	Pair Corr
0.47	WLKP	Westlake Chemical	Pair Corr
0.83	GFI	Gold Fields Buyout Trend	Pair Corr
0.82	FNV	Franco Nevada	Pair Corr
0.61	HMY	Harmony Gold Mining	Pair Corr
0.59	NEM	Newmont Goldcorp Corp	Pair Corr
0.58	KGC	Kinross Gold Aggressive Push	Pair Corr
0.58	MSB	Mesabi Trust	Pair Corr
0.5	NUE	Nucor Corp	Pair Corr
0.4	PKX	POSCO Holdings	Pair Corr
0.38	FRD	Friedman Industries	Pair Corr
0.35	MAG	MAG Silver Corp	Pair Corr
0.33	NGD	New Gold Aggressive Push	Pair Corr

Related Correlations Analysis

	HUN	UNVR	LXU	WLKP	GPRE	ASIX	MEOH	TROX	SIRE	CE
HUN		0.0	0.3	-0.15	0.45	0.31	-0.03	0.45	0.0	0.26	HUN
UNVR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	UNVR
LXU	0.3	0.0		0.02	0.65	0.86	0.67	0.73	0.0	0.75	LXU
WLKP	-0.15	0.0	0.02		-0.52	0.18	-0.18	-0.29	0.0	-0.34	WLKP
GPRE	0.45	0.0	0.65	-0.52		0.6	0.69	0.87	0.0	0.8	GPRE
ASIX	0.31	0.0	0.86	0.18	0.6		0.76	0.73	0.0	0.7	ASIX
MEOH	-0.03	0.0	0.67	-0.18	0.69	0.76		0.78	0.0	0.8	MEOH
TROX	0.45	0.0	0.73	-0.29	0.87	0.73	0.78		0.0	0.88	TROX
SIRE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SIRE
CE	0.26	0.0	0.75	-0.34	0.8	0.7	0.8	0.88	0.0		CE
	HUN	UNVR	LXU	WLKP	GPRE	ASIX	MEOH	TROX	SIRE	CE

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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

CE	+ 0.88	TROX
TROX	+ 0.87	GPRE
ASIX	+ 0.86	LXU
CE	+ 0.8	GPRE
CE	+ 0.8	MEOH
TROX	+ 0.78	MEOH

High negative correlations

GPRE	- 0.52	WLKP
CE	- 0.34	WLKP
TROX	- 0.29	WLKP
MEOH	- 0.18	WLKP
WLKP	- 0.15	HUN
MEOH	- 0.03	HUN

Risk-Adjusted Indicators

There is a big difference between Valhi Stock performing well and Valhi 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 Valhi'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HUN	1.72	(0.07)	(0.16)	3.63	(3.27)	13.93
UNVR	0.00	0.00	0.00	0.00	0.00	0.00
LXU	2.10	(0.16)	(0.23)	3.41	(4.59)	27.77
WLKP	0.61	(0.01)	(0.49)	1.37	(1.25)	3.08
GPRE	3.50	(0.79)	(0.73)	6.31	(7.58)	26.78
ASIX	1.68	(0.27)	(0.31)	2.44	(3.75)	14.24
MEOH	1.70	(0.21)	(0.27)	2.97	(3.34)	16.72
TROX	2.51	(0.55)	(0.45)	4.34	(5.62)	16.13
SIRE	0.00	0.00	0.00	0.00	0.00	0.00
CE	2.29	(0.17)	(0.26)	4.23	(4.01)	26.83

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