Vulcan Materials Correlations

VMC Stock

USD 234.08 4.64 1.94%

The current 90-days correlation between Vulcan Materials and CRH PLC ADR is 0.71 (i.e., Poor diversification). The correlation of Vulcan Materials 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.

Vulcan Materials Correlation With Market

Very weak diversification

The correlation between Vulcan Materials and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vulcan Materials 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 Vulcan Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Vulcan Stock refer to our How to Trade Vulcan Stock guide.

Moving together with Vulcan Stock

0.92	BCC	Boise Cascad Llc	Pair Corr
0.96	EXP	Eagle Materials	Pair Corr
0.64	JHX	James Hardie Industries	Pair Corr
0.89	KNF	Knife River	Pair Corr
0.97	MLM	Martin Marietta Materials	Pair Corr
0.77	ZJK	ZJK Industrial Co,	Pair Corr
0.62	LOMA	Loma Negra Compania	Pair Corr
0.66	SMID	Smith Midland Corp	Pair Corr
0.82	TGLS	Tecnoglass	Pair Corr
0.66	USLM	United States Lime	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.93	CC	Chemours Potential Growth	Pair Corr
0.82	CE	Celanese	Pair Corr
0.74	CF	CF Industries Holdings	Pair Corr
0.83	EU	enCore Energy Corp	Pair Corr
0.83	FF	FutureFuel Corp	Pair Corr
0.64	NX	Quanex Building Products	Pair Corr
0.97	OC	Owens Corning	Pair Corr
0.64	SA	Seabridge Gold Earnings Call This Week	Pair Corr
0.71	TT	Trane Technologies plc	Pair Corr

Moving against Vulcan Stock

0.68	MT	ArcelorMittal SA ADR	Pair Corr
0.51	DC	Dakota Gold Corp	Pair Corr
0.47	NC	NACCO Industries	Pair Corr
0.41	MP	MP Materials Corp	Pair Corr
0.4	AG	First Majestic Silver Aggressive Push	Pair Corr
0.34	AU	AngloGold Ashanti plc	Pair Corr
0.47	TX	Ternium SA ADR	Pair Corr
0.45	VALE	Vale SA ADR Aggressive Push	Pair Corr

Related Correlations Analysis

	EXP	CRH	SUM	CX	MLM	JHX	USLM	CPAC	MCEM	LOMA
EXP		0.11	-0.72	-0.23	0.97	0.65	0.78	0.08	-0.44	0.7	EXP
CRH	0.11		0.29	0.81	0.12	0.4	-0.4	0.59	0.7	-0.22	CRH
SUM	-0.72	0.29		0.45	-0.68	-0.27	-0.87	0.32	0.66	-0.64	SUM
CX	-0.23	0.81	0.45		-0.23	0.06	-0.63	0.44	0.79	-0.26	CX
MLM	0.97	0.12	-0.68	-0.23		0.65	0.75	0.02	-0.45	0.64	MLM
JHX	0.65	0.4	-0.27	0.06	0.65		0.24	0.5	-0.02	0.2	JHX
USLM	0.78	-0.4	-0.87	-0.63	0.75	0.24		-0.31	-0.82	0.75	USLM
CPAC	0.08	0.59	0.32	0.44	0.02	0.5	-0.31		0.48	-0.07	CPAC
MCEM	-0.44	0.7	0.66	0.79	-0.45	-0.02	-0.82	0.48		-0.55	MCEM
LOMA	0.7	-0.22	-0.64	-0.26	0.64	0.2	0.75	-0.07	-0.55		LOMA
	EXP	CRH	SUM	CX	MLM	JHX	USLM	CPAC	MCEM	LOMA

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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

MLM	+ 0.97	EXP
CX	+ 0.81	CRH
MCEM	+ 0.79	CX
USLM	+ 0.78	EXP
USLM	+ 0.75	MLM
LOMA	+ 0.75	USLM

High negative correlations

USLM	- 0.87	SUM
MCEM	- 0.82	USLM
SUM	- 0.72	EXP
MLM	- 0.68	SUM
LOMA	- 0.64	SUM
USLM	- 0.63	CX

Risk-Adjusted Indicators

There is a big difference between Vulcan Stock performing well and Vulcan Materials 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 Vulcan Materials' 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
EXP	1.36	(0.29)	0.00	(0.37)	0.00	0.00	2.25	(3.43)	7.34
CRH	1.55	0.09	0.03	0.00	2.11	(1.47)	3.30	(3.84)	10.53
SUM	0.58	0.17	0.31	(4.68)	0.34	(0.65)	1.54	(0.79)	9.88
CX	1.66	0.19	0.10	0.21	1.91	(1.80)	3.41	(2.68)	18.09
MLM	1.13	(0.15)	0.00	(0.25)	0.00	0.00	2.63	(2.60)	6.66
JHX	1.39	(0.17)	0.00	0.47	0.00	0.00	3.40	(3.29)	8.04
USLM	1.88	(0.58)	0.00	(0.51)	0.00	0.00	2.67	(5.51)	9.59
CPAC	1.37	(0.04)	0.00	0.49	0.00	0.00	3.04	(2.90)	10.27
MCEM	0.74	0.04	0.10	0.87	0.90	(0.81)	2.10	(1.44)	5.74
LOMA	2.52	(0.25)	0.00	0.30	0.00	0.00	5.19	(6.37)	13.80

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