Balchem Correlations

BCPC Stock

USD 175.00 2.50 1.41%

The current 90-days correlation between Balchem and Sensient Technologies is 0.47 (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 0.74 (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 employment.

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

Moving together with Balchem Stock

0.81	WCH	Wacker Chemie AG	Pair Corr
0.9	CE	Celanese	Pair Corr
0.8	FF	FutureFuel Corp Buyout Trend	Pair Corr
0.91	EMSN	EMS CHEMIE HOLDING	Pair Corr
0.8	SZ8	Sumitomo Bakelite	Pair Corr
0.75	LXS	LANXESS Aktiengesellscha	Pair Corr
0.82	EMB	5N PLUS Earnings Call This Week	Pair Corr
0.91	2CU	Chemours	Pair Corr
0.79	22E	TRI CHEMICAL LABORATINC	Pair Corr
0.76	AFW	Align Technology	Pair Corr
0.87	K1W	Kronos Worldwide	Pair Corr
0.8	FMV	First Majestic Silver	Pair Corr
0.83	18RA	Select Energy Services	Pair Corr
0.92	PY9	Avient	Pair Corr
0.75	RP8	RPM International	Pair Corr
0.88	NPV	Nippon Carbon	Pair Corr
0.84	OCT	Innospec	Pair Corr
0.75	ALB	Albemarle Corp	Pair Corr
0.94	ECL	Ecolab Inc	Pair Corr
0.88	ESI	Element Solutions Earnings Call This Week	Pair Corr
0.75	FUL	H B Fuller	Pair Corr
0.66	AP3	Air Products	Pair Corr
0.88	IFF	International Flavors	Pair Corr

Moving against Balchem Stock

0.91	M5S	Marna Beteiligungen	Pair Corr
0.86	UT8	Uber Technologies	Pair Corr
0.72	NANO	Nano One Materials	Pair Corr
0.62	4QT1	HEXPOL AB	Pair Corr
0.33	HMI	Herms International Socit	Pair Corr
0.58	GIN1	Givaudan SA	Pair Corr
0.35	7YC	Synthomer plc	Pair Corr
0.81	FSI	Flexible Solutions	Pair Corr
0.75	NEU	NewMarket	Pair Corr

Related Correlations Analysis

	SXT	SSL	AXTA	ESI	SSRM	HWKN	PRM	FUL	CBT	EGO
SXT		-0.03	0.35	0.21	0.26	0.3	0.19	0.37	0.34	0.27	SXT
SSL	-0.03		0.49	0.72	0.71	0.03	-0.51	0.53	0.5	0.57	SSL
AXTA	0.35	0.49		0.75	0.73	0.6	0.08	0.76	0.88	0.89	AXTA
ESI	0.21	0.72	0.75		0.84	0.37	-0.08	0.77	0.86	0.84	ESI
SSRM	0.26	0.71	0.73	0.84		0.45	-0.13	0.59	0.71	0.89	SSRM
HWKN	0.3	0.03	0.6	0.37	0.45		0.63	0.41	0.54	0.66	HWKN
PRM	0.19	-0.51	0.08	-0.08	-0.13	0.63		0.07	0.14	0.07	PRM
FUL	0.37	0.53	0.76	0.77	0.59	0.41	0.07		0.87	0.65	FUL
CBT	0.34	0.5	0.88	0.86	0.71	0.54	0.14	0.87		0.86	CBT
EGO	0.27	0.57	0.89	0.84	0.89	0.66	0.07	0.65	0.86		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

EGO	+ 0.89	AXTA
EGO	+ 0.89	SSRM
CBT	+ 0.88	AXTA
CBT	+ 0.87	FUL
CBT	+ 0.86	ESI
EGO	+ 0.86	CBT

High negative correlations

PRM	- 0.51	SSL
PRM	- 0.13	SSRM
PRM	- 0.08	ESI
SSL	- 0.03	SXT

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	1.30	(0.11)	0.00	(0.07)	0.00	0.00	2.72	(2.57)	8.59
SSL	2.74	0.42	0.10	0.75	3.42	(2.89)	6.98	(5.49)	18.92
AXTA	1.27	0.19	0.11	0.26	1.31	(1.36)	3.27	(2.56)	8.87
ESI	2.03	0.33	0.18	0.20	1.89	(2.38)	4.59	(3.68)	12.50
SSRM	3.11	0.51	0.11	0.50	3.82	(3.29)	7.23	(6.54)	27.20
HWKN	1.71	0.15	0.06	0.19	2.54	(1.74)	3.86	(4.03)	14.80
PRM	1.40	0.02	0.01	0.08	2.12	(1.24)	2.70	(2.61)	10.14
FUL	1.40	0.10	0.08	0.13	1.45	(1.72)	3.51	(2.39)	8.23
CBT	1.46	0.24	0.16	0.27	1.35	(1.71)	4.36	(2.28)	13.59
EGO	2.55	0.78	0.21	0.71	3.19	(2.90)	5.90	(5.53)	17.36

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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