Balchem Correlations

BCPC Stock

USD 160.61 5.92 3.83%

The current 90-days correlation between Balchem and Sensient Technologies is 0.38 (i.e., Weak diversification). The correlation of Balchem 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.

Balchem Correlation With Market

Modest diversification

The correlation between Balchem and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balchem and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Balchem Stock

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

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

Moving together with Balchem Stock

0.69	IFF	International Flavors	Pair Corr
0.62	KWR	Quaker Chemical	Pair Corr

Moving against Balchem Stock

0.81	301190	Jiujiang Shanshui	Pair Corr
0.62	603027	Qianhe CondimentFood Split	Pair Corr
0.61	603255	Liaoning Dingjide	Pair Corr
0.6	688363	Bloomage Biotechnology	Pair Corr
0.59	VHI	Valhi Inc	Pair Corr
0.49	NANO	Nano One Materials	Pair Corr
0.45	RPM	RPM International	Pair Corr
0.36	300073	Beijing Easpring Material	Pair Corr
0.74	BSLK	Bolt Projects Holdings	Pair Corr
0.67	CNO	California Nanotechnologies Earnings Call This Week	Pair Corr
0.63	300905	Poly Plastic Masterbatch	Pair Corr
0.6	PCTTW	PureCycle Technologies	Pair Corr
0.58	RYAM	Rayonier Advanced	Pair Corr
0.55	LWLG	Lightwave Logic Buyout Trend	Pair Corr
0.53	300398	Shanghai Phichem Material	Pair Corr
0.5	603826	Fujian Kuncai Material	Pair Corr
0.4	688398	Fujian SuperTech Advanced	Pair Corr

Related Correlations Analysis

	SXT	SSL	AXTA	ESI	SSRM	HWKN	PRM	FUL	CBT	EGO
SXT		0.0	0.44	-0.11	0.18	-0.03	0.23	0.48	-0.07	0.36	SXT
SSL	0.0		0.24	0.01	-0.53	-0.65	0.39	-0.27	-0.65	0.05	SSL
AXTA	0.44	0.24		0.06	-0.08	-0.22	0.69	0.65	-0.05	0.82	AXTA
ESI	-0.11	0.01	0.06		-0.09	0.01	0.09	0.28	0.15	0.05	ESI
SSRM	0.18	-0.53	-0.08	-0.09		0.73	-0.37	0.37	0.67	0.13	SSRM
HWKN	-0.03	-0.65	-0.22	0.01	0.73		-0.63	0.42	0.9	-0.05	HWKN
PRM	0.23	0.39	0.69	0.09	-0.37	-0.63		0.18	-0.45	0.74	PRM
FUL	0.48	-0.27	0.65	0.28	0.37	0.42	0.18		0.54	0.61	FUL
CBT	-0.07	-0.65	-0.05	0.15	0.67	0.9	-0.45	0.54		0.08	CBT
EGO	0.36	0.05	0.82	0.05	0.13	-0.05	0.74	0.61	0.08		EGO
	SXT	SSL	AXTA	ESI	SSRM	HWKN	PRM	FUL	CBT	EGO

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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

CBT	+ 0.9	HWKN
EGO	+ 0.82	AXTA
EGO	+ 0.74	PRM
HWKN	+ 0.73	SSRM
PRM	+ 0.69	AXTA
CBT	+ 0.67	SSRM

High negative correlations

CBT	- 0.65	SSL
HWKN	- 0.65	SSL
PRM	- 0.63	HWKN
SSRM	- 0.53	SSL
CBT	- 0.45	PRM
PRM	- 0.37	SSRM

Risk-Adjusted Indicators

There is a big difference between Balchem Stock performing well and Balchem 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 Balchem'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
SXT	1.28	(0.06)	(0.04)	(0.01)	1.62	(1.41)	2.90	(2.52)	9.55
SSL	2.20	0.04	0.01	0.12	2.91	(2.17)	3.56	(4.58)	24.15
AXTA	1.32	0.15	0.09	0.22	1.45	(1.32)	2.69	(2.76)	7.97
ESI	1.70	(0.06)	0.01	0.04	2.17	(1.78)	3.96	(3.68)	10.60
SSRM	2.36	(0.10)	0.00	(0.03)	0.00	0.00	4.81	(6.54)	17.90
HWKN	1.78	(0.40)	0.00	(0.19)	0.00	0.00	3.29	(4.45)	12.35
PRM	2.00	0.37	0.13	0.52	2.24	(2.09)	3.86	(3.23)	30.19
FUL	1.11	(0.01)	(0.01)	0.05	1.21	(1.32)	3.14	(2.12)	6.81
CBT	1.33	(0.14)	0.00	(0.14)	0.00	0.00	3.68	(2.77)	8.45
EGO	2.28	0.38	0.11	0.42	3.13	(2.40)	5.65	(5.53)	16.16

Balchem Corporate Management

Hatsuki Miyata	General VP	Profile
William CPA	VP Officer	Profile
Frederic Boned	Senior Health	Profile
CPA CPA	Chief Officer	Profile
Brent Tignor	Senior Officer	Profile
George Graham	Senior Officer	Profile
Carl Bengtsson	CFO Treasurer	Profile

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