Balchem Correlations

BCPC Stock

USD 182.69 0.25 0.14%

The current 90-days correlation between Balchem and Sensient Technologies is 0.71 (i.e., Poor 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 0.64 (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.

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 american community survey.

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

Moving together with Balchem Stock

0.64	CC	Chemours	Pair Corr
0.77	ECVT	Ecovyst	Pair Corr
0.65	WDFC	WD 40 Company	Pair Corr
0.79	WTTR	Select Energy Services	Pair Corr
0.68	ESI	Element Solutions	Pair Corr
0.78	KWR	Quaker Chemical	Pair Corr
0.63	MTX	Minerals Technologies	Pair Corr
0.74	SCL	Stepan Company	Pair Corr
0.65	SXT	Sensient Technologies	Pair Corr

Moving against Balchem Stock

0.52	DNMR	Danimer Scientific	Pair Corr
0.45	FF	FutureFuel Corp	Pair Corr
0.44	ASH	Ashland Global Holdings	Pair Corr
0.37	FEAM	5E Advanced Materials	Pair Corr
0.33	ECL	Ecolab Inc	Pair Corr
0.64	IFF	International Flavors	Pair Corr
0.37	LIN	Linde plc Ordinary	Pair Corr
0.37	LYB	LyondellBasell Industries	Pair Corr
0.61	HDSN	Hudson Technologies	Pair Corr
0.43	HGAS	Global Gas Symbol Change	Pair Corr
0.39	MATV	Mativ Holdings	Pair Corr
0.35	MACE	Mace Security Intl	Pair Corr
0.31	SSL	Sasol	Pair Corr

Related Correlations Analysis

	SXT	IOSP	MTX	ODC	FUL	KWR	CBT	ASH	AXTA
SXT		0.7	0.69	0.72	-0.1	0.45	0.84	-0.2	0.59	SXT
IOSP	0.7		0.85	0.65	-0.03	0.73	0.54	-0.55	0.83	IOSP
MTX	0.69	0.85		0.7	-0.39	0.36	0.64	-0.59	0.82	MTX
ODC	0.72	0.65	0.7		-0.17	0.39	0.67	-0.21	0.6	ODC
FUL	-0.1	-0.03	-0.39	-0.17		0.46	-0.31	0.63	-0.42	FUL
KWR	0.45	0.73	0.36	0.39	0.46		0.19	-0.14	0.46	KWR
CBT	0.84	0.54	0.64	0.67	-0.31	0.19		-0.2	0.53	CBT
ASH	-0.2	-0.55	-0.59	-0.21	0.63	-0.14	-0.2		-0.72	ASH
AXTA	0.59	0.83	0.82	0.6	-0.42	0.46	0.53	-0.72		AXTA
	SXT	IOSP	MTX	ODC	FUL	KWR	CBT	ASH	AXTA

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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

MTX	+ 0.85	IOSP
CBT	+ 0.84	SXT
AXTA	+ 0.83	IOSP
AXTA	+ 0.82	MTX
KWR	+ 0.73	IOSP
ODC	+ 0.72	SXT

High negative correlations

AXTA	- 0.72	ASH
ASH	- 0.59	MTX
ASH	- 0.55	IOSP
AXTA	- 0.42	FUL
FUL	- 0.39	MTX
CBT	- 0.31	FUL

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	1.07	(0.08)	(0.02)	0.07	1.24	(1.08)	2.14	(2.19)	8.84
IOSP	1.25	(0.13)	0.01	0.06	1.31	(1.34)	2.24	(2.10)	16.32
MTX	1.31	(0.06)	0.04	0.09	1.30	(1.49)	2.94	(2.51)	11.90
ODC	1.34	(0.01)	0.01	0.11	1.61	(1.37)	3.14	(2.09)	12.06
FUL	1.04	(0.28)	0.00	(0.07)	0.00	0.00	1.76	(2.51)	8.58
KWR	1.49	(0.23)	(0.04)	0.02	1.84	(1.54)	2.37	(2.62)	18.04
CBT	1.25	(0.07)	0.01	0.08	1.28	(1.39)	2.82	(1.75)	10.88
ASH	1.06	(0.26)	0.00	(0.12)	0.00	0.00	2.04	(1.97)	10.47
AXTA	1.21	0.10	0.07	0.22	1.19	(1.24)	2.81	(2.08)	10.92

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
Carl Bengtsson	CFO Treasurer	Profile

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