Axalta Coating Correlations

AXTA Stock

USD 33.58 0.52 1.52%

The current 90-days correlation between Axalta Coating Systems and Eastman Chemical is 0.45 (i.e., Very weak diversification). The correlation of Axalta Coating 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.

Axalta Coating Correlation With Market

Very poor diversification

The correlation between Axalta Coating Systems and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axalta Coating Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axalta Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axalta Coating Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Axalta Stock

0.86	KWR	Quaker Chemical	Pair Corr
0.91	MTX	Minerals Technologies	Pair Corr
0.87	MNK	Minerals Technologies	Pair Corr
0.85	EAC	Eastman Chemical	Pair Corr
0.69	NTIC	Northern Technologies	Pair Corr
0.81	QUC	Quaker Chemical	Pair Corr
0.79	UEO	Westlake Chemical	Pair Corr
0.93	XSI	Sanyo Chemical Industries	Pair Corr
0.8	ATCOL	Atlas Corp	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.77	WF	Woori Financial Group	Pair Corr
0.8	BCH	Banco De Chile Earnings Call This Week	Pair Corr
0.87	CUEN	Cuentas	Pair Corr
0.72	BKD	Brookdale Senior Living	Pair Corr
0.88	PAA	Plains All American Sell-off Trend	Pair Corr

Moving against Axalta Stock

0.85	NANO	Nano One Materials	Pair Corr
0.84	UT8	Uber Technologies Earnings Call This Week	Pair Corr
0.72	ADVWW	Advantage Solutions	Pair Corr
0.66	J9I0	5E ADVANCED MATERIALS	Pair Corr
0.88	GCMGW	GCM Grosvenor	Pair Corr
0.83	FNMFO	Federal National Mortgage	Pair Corr
0.72	MAPSW	WM Technology	Pair Corr
0.62	ENGGF	Enags SA	Pair Corr
0.48	PCTTW	PureCycle Technologies	Pair Corr

Related Correlations Analysis

	EMN	ESI	NEU	LPX	BCPC	BVN	HBM	SSL	EXP	UFPI
EMN		0.76	-0.77	0.71	0.8	0.9	0.91	0.3	0.56	0.85	EMN
ESI	0.76		-0.54	0.64	0.71	0.7	0.75	0.36	0.38	0.8	ESI
NEU	-0.77	-0.54		-0.56	-0.81	-0.9	-0.89	-0.34	-0.3	-0.8	NEU
LPX	0.71	0.64	-0.56		0.53	0.62	0.62	-0.02	0.84	0.74	LPX
BCPC	0.8	0.71	-0.81	0.53		0.86	0.85	0.51	0.3	0.89	BCPC
BVN	0.9	0.7	-0.9	0.62	0.86		0.98	0.41	0.43	0.88	BVN
HBM	0.91	0.75	-0.89	0.62	0.85	0.98		0.41	0.4	0.86	HBM
SSL	0.3	0.36	-0.34	-0.02	0.51	0.41	0.41		-0.16	0.42	SSL
EXP	0.56	0.38	-0.3	0.84	0.3	0.43	0.4	-0.16		0.54	EXP
UFPI	0.85	0.8	-0.8	0.74	0.89	0.88	0.86	0.42	0.54		UFPI
	EMN	ESI	NEU	LPX	BCPC	BVN	HBM	SSL	EXP	UFPI

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

HBM	+ 0.98	BVN
HBM	+ 0.91	EMN
BVN	+ 0.9	EMN
UFPI	+ 0.89	BCPC
UFPI	+ 0.88	BVN
BVN	+ 0.86	BCPC

High negative correlations

BVN	- 0.9	NEU
HBM	- 0.89	NEU
BCPC	- 0.81	NEU
UFPI	- 0.8	NEU
NEU	- 0.77	EMN
LPX	- 0.56	NEU

Risk-Adjusted Indicators

There is a big difference between Axalta Stock performing well and Axalta Coating 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 Axalta Coating'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
EMN	1.56	0.11	0.06	0.11	1.76	(1.67)	4.94	(3.60)	9.74
ESI	1.65	0.09	0.07	0.08	1.73	(1.97)	3.96	(3.60)	10.60
NEU	1.21	(0.20)	0.00	(0.18)	0.00	0.00	2.25	(2.77)	11.14
LPX	1.67	(0.18)	0.00	(0.08)	0.00	0.00	4.15	(3.12)	11.95
BCPC	0.99	0.12	0.12	0.15	0.84	(1.33)	3.26	(1.53)	7.13
BVN	2.08	0.72	0.21	0.94	2.43	(2.24)	5.50	(3.76)	11.22
HBM	2.38	0.64	0.18	0.50	2.99	(2.67)	5.44	(5.81)	12.33
SSL	2.36	0.19	0.05	0.46	3.31	(2.38)	5.23	(4.81)	18.92
EXP	1.53	(0.24)	0.00	(0.13)	0.00	0.00	3.89	(3.07)	9.39
UFPI	1.19	0.14	0.12	0.17	1.10	(1.50)	3.46	(2.12)	7.57

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

2026 Macroaxis LLC