Balchem Correlations

BL9B Stock

EUR 169.70 0.30 0.18%

The current 90-days correlation between Balchem and CompuGroup Medical SE is 0.14 (i.e., Average 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

Significant diversification

The correlation between Balchem and DJI is 0.07 (i.e., Significant 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.

The ability to find closely correlated positions to Balchem could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Balchem when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Balchem - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Balchem to buy it.

Moving together with Balchem Stock

0.87	SJ3	Sherwin Williams	Pair Corr
0.75	AMC	Albemarle	Pair Corr
0.75	SVM	Sovereign Metals	Pair Corr

Moving against Balchem Stock

0.8	8VY	SCANDION ONC DK	Pair Corr
0.77	AIL	Air Liquide SA	Pair Corr
0.74	SIKB	SIKA AG UNSPADR	Pair Corr
0.63	DLY	LyondellBasell Industries	Pair Corr
0.34	GOC	Star Diamond	Pair Corr
0.33	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	ERT	COP	MM3	DMN	51KB	ME5A	ME5A
ERT		0.66	0.94	-0.74	0.88	-0.08	-0.16	ERT
COP	0.66		0.66	-0.22	0.58	0.29	0.23	COP
MM3	0.94	0.66		-0.7	0.89	0.06	-0.05	MM3
DMN	-0.74	-0.22	-0.7		-0.79	0.07	0.17	DMN
51KB	0.88	0.58	0.89	-0.79		0.23	0.14	51KB
ME5A	-0.08	0.29	0.06	0.07	0.23		0.92	ME5A
ME5A	-0.16	0.23	-0.05	0.17	0.14	0.92		ME5A
	ERT	COP	MM3	DMN	51KB	ME5A	ME5A

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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

MM3	+ 0.94	ERT
ME5A	+ 0.92	ME5A
51KB	+ 0.89	MM3
51KB	+ 0.88	ERT
COP	+ 0.66	ERT
MM3	+ 0.66	COP

High negative correlations

51KB	- 0.79	DMN
DMN	- 0.74	ERT
DMN	- 0.7	MM3
DMN	- 0.22	COP
ME5A	- 0.16	ERT
ME5A	- 0.08	ERT

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
ERT	0.85	0.23	0.13	2.05	0.80	(0.93)	1.85	(1.46)	5.66
COP	1.72	0.17	0.06	0.42	1.71	(2.00)	3.92	(2.52)	10.86
MM3	1.08	0.23	0.09	(1.51)	0.94	(1.41)	2.91	(1.51)	8.88
DMN	2.88	(0.21)	0.00	0.55	0.00	0.00	5.74	(4.04)	15.54
51KB	2.72	0.55	0.15	0.85	3.04	(3.05)	5.66	(5.59)	18.85
ME5A	2.70	(0.05)	0.04	0.09	2.78	(3.31)	5.39	(5.03)	16.74
ME5A	2.71	0.20	0.05	0.38	2.97	(3.59)	6.55	(5.01)	17.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Balchem without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Balchem Corporate Management

Elected by the shareholders, the Balchem's board of directors comprises two types of representatives: Balchem inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Balchem. The board's role is to monitor Balchem's management team and ensure that shareholders' interests are well served. Balchem's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Balchem's outside directors are responsible for providing unbiased perspectives on the board's policies.

Frederic Boned	VP Health	Profile
CPA CPA	Chief Officer	Profile
Hatsuki Miyata	Gen Sec	Profile
Carl Bengtsson	CFO Treasurer	Profile
Mark Stach	General Counsel, Secretary	Profile
Jonathan Griffin	VP Health	Profile

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