Valvoline Correlations

VVV Stock

USD 36.09 0.18 0.50%

The current 90-days correlation between Valvoline and Cosan SA ADR is 0.39 (i.e., Weak diversification). The correlation of Valvoline 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Valvoline Correlation With Market

Weak diversification

The correlation between Valvoline and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valvoline 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 Valvoline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Valvoline Stock please use our How to Invest in Valvoline guide.

Moving together with Valvoline Stock

0.69	RUSHA	Rush Enterprises A	Pair Corr
0.79	VIRC	Virco Manufacturing	Pair Corr
0.66	GEF	Greif Bros	Pair Corr
0.61	KRT	Karat Packaging	Pair Corr

Moving against Valvoline Stock

0.37	VRM	Vroom, Common Stock	Pair Corr
0.36	CYD	China Yuchai Interna	Pair Corr
0.32	EFOI	Energy Focu Earnings Call Today	Pair Corr

Related Correlations Analysis

	CSAN	DK	CAPL	PARR	PBF	CVI	VLO	MPC	SGU	UGP
CSAN		0.46	-0.68	0.51	0.63	0.16	-0.02	0.06	-0.59	0.13	CSAN
DK	0.46		-0.44	0.93	0.85	0.5	0.49	0.55	-0.5	-0.07	DK
CAPL	-0.68	-0.44		-0.57	-0.65	-0.04	0.31	0.22	0.89	0.42	CAPL
PARR	0.51	0.93	-0.57		0.91	0.54	0.45	0.47	-0.62	-0.16	PARR
PBF	0.63	0.85	-0.65	0.91		0.48	0.41	0.36	-0.69	-0.11	PBF
CVI	0.16	0.5	-0.04	0.54	0.48		0.7	0.62	-0.07	0.18	CVI
VLO	-0.02	0.49	0.31	0.45	0.41	0.7		0.92	0.3	0.54	VLO
MPC	0.06	0.55	0.22	0.47	0.36	0.62	0.92		0.31	0.57	MPC
SGU	-0.59	-0.5	0.89	-0.62	-0.69	-0.07	0.3	0.31		0.61	SGU
UGP	0.13	-0.07	0.42	-0.16	-0.11	0.18	0.54	0.57	0.61		UGP
	CSAN	DK	CAPL	PARR	PBF	CVI	VLO	MPC	SGU	UGP

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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

PARR	+ 0.93	DK
MPC	+ 0.92	VLO
PBF	+ 0.91	PARR
SGU	+ 0.89	CAPL
PBF	+ 0.85	DK
VLO	+ 0.7	CVI

High negative correlations

SGU	- 0.69	PBF
CAPL	- 0.68	CSAN
PBF	- 0.65	CAPL
SGU	- 0.62	PARR
SGU	- 0.59	CSAN
PARR	- 0.57	CAPL

Risk-Adjusted Indicators

There is a big difference between Valvoline Stock performing well and Valvoline 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 Valvoline'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
CSAN	2.94	(0.05)	0.00	(0.17)	0.00	0.00	6.31	(6.28)	15.34
DK	2.56	(0.09)	0.00	(0.29)	0.00	0.00	4.84	(5.12)	16.57
CAPL	0.81	0.20	0.27	(2.71)	0.79	(0.85)	2.02	(1.63)	4.96
PARR	2.59	(0.04)	0.00	(0.13)	0.00	0.00	4.89	(6.50)	16.24
PBF	2.63	(0.32)	0.00	(0.46)	0.00	0.00	5.31	(5.39)	22.28
CVI	2.17	0.16	0.08	0.27	2.68	(2.12)	5.07	(4.18)	12.26
VLO	1.70	0.05	0.04	0.02	2.23	(1.62)	3.48	(3.19)	9.59
MPC	1.69	0.02	0.00	(0.06)	0.00	0.00	3.27	(3.75)	12.00
SGU	1.06	0.27	0.26	0.46	0.87	(1.32)	2.46	(1.84)	7.92
UGP	2.34	0.23	0.08	0.16	2.63	(2.73)	5.92	(4.55)	11.36

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