Balchem Correlations

BCPC Stock

USD 170.17 0.59 0.35%

The current 90-days correlation between Balchem and Sensient Technologies is 0.51 (i.e., Very 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

Poor diversification

The correlation between Balchem and DJI is 0.68 (i.e., Poor 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 metropolitan statistical area.

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

Moving together with Balchem Stock

0.85	KWR	Quaker Chemical	Pair Corr
0.87	SCL	Stepan Company	Pair Corr
0.76	RYAM	Rayonier Advanced	Pair Corr
0.66	FNCHF	FINEOSHoldings Plc	Pair Corr
0.82	GOLD	Gold Inc Earnings Call This Week	Pair Corr
0.83	IFSPF	Interfor	Pair Corr
0.84	SON	Sonoco Products	Pair Corr
0.61	NKTX	Nkarta Inc	Pair Corr
0.74	ITNF	Internet Infinity	Pair Corr
0.63	EVGRF	China Evergrande New	Pair Corr
0.66	LILIF	Argentina Lithium Energy	Pair Corr
0.87	NOSUF	Nerds on Site	Pair Corr
0.75	AOS	Smith AO	Pair Corr

Moving against Balchem Stock

0.75	ADVWW	Advantage Solutions	Pair Corr
0.59	GCMGW	GCM Grosvenor	Pair Corr
0.57	MAPSW	WM Technology	Pair Corr
0.56	NANO	Nano One Materials	Pair Corr
0.32	GOEVW	Canoo Holdings	Pair Corr
0.44	ATMV	ATMV Old Symbol Change	Pair Corr

Related Correlations Analysis

	SXT	SSL	AXTA	ESI	SSRM	HWKN	PRM	FUL	CBT	EGO
SXT		0.18	0.59	0.26	0.34	0.31	0.45	0.56	0.4	0.51	SXT
SSL	0.18		0.27	0.34	0.45	-0.02	-0.02	0.13	0.11	0.39	SSL
AXTA	0.59	0.27		0.52	0.67	0.62	0.56	0.69	0.76	0.91	AXTA
ESI	0.26	0.34	0.52		0.62	0.46	0.19	0.45	0.65	0.66	ESI
SSRM	0.34	0.45	0.67	0.62		0.56	0.16	0.35	0.68	0.79	SSRM
HWKN	0.31	-0.02	0.62	0.46	0.56		0.06	0.69	0.9	0.51	HWKN
PRM	0.45	-0.02	0.56	0.19	0.16	0.06		0.42	0.29	0.61	PRM
FUL	0.56	0.13	0.69	0.45	0.35	0.69	0.42		0.77	0.56	FUL
CBT	0.4	0.11	0.76	0.65	0.68	0.9	0.29	0.77		0.72	CBT
EGO	0.51	0.39	0.91	0.66	0.79	0.51	0.61	0.56	0.72		EGO
	SXT	SSL	AXTA	ESI	SSRM	HWKN	PRM	FUL	CBT	EGO

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

EGO	+ 0.91	AXTA
CBT	+ 0.9	HWKN
EGO	+ 0.79	SSRM
CBT	+ 0.77	FUL
CBT	+ 0.76	AXTA
EGO	+ 0.72	CBT

High negative correlations

PRM	- 0.02	SSL
HWKN	- 0.02	SSL

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	1.37	(0.06)	(0.03)	0.00	1.77	(1.47)	2.93	(2.57)	9.55
SSL	2.32	0.23	0.06	0.72	3.21	(2.38)	5.23	(4.06)	18.92
AXTA	1.17	0.20	0.14	0.30	1.12	(1.27)	2.69	(2.53)	7.97
ESI	1.63	0.11	0.09	0.11	1.67	(1.95)	3.96	(3.60)	10.60
SSRM	2.43	0.26	0.07	0.59	3.18	(2.51)	4.97	(5.32)	12.78
HWKN	1.78	(0.31)	0.00	(0.17)	0.00	0.00	3.29	(5.04)	10.09
PRM	1.93	0.25	0.09	0.39	2.49	(2.01)	3.38	(2.84)	30.19
FUL	1.24	(0.08)	0.00	(0.02)	0.00	0.00	3.48	(2.38)	8.23
CBT	1.43	(0.03)	(0.01)	0.03	1.89	(1.58)	3.72	(2.71)	8.68
EGO	2.02	0.90	0.43	0.86	1.37	(2.50)	5.65	(3.37)	11.79

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

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