Brenntag Correlations
| BNTGY Stock | USD 12.83 0.24 1.91% |
The current 90-days correlation between Brenntag AG ADR and First Graphene is -0.02 (i.e., Good diversification). The correlation of Brenntag 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Brenntag Correlation With Market
Significant diversification
The correlation between Brenntag AG ADR and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brenntag AG ADR and DJI in the same portfolio, assuming nothing else is changed.
Brenntag |
The ability to find closely correlated positions to Brenntag could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brenntag 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 Brenntag - 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 Brenntag AG ADR to buy it.
Moving together with Brenntag Pink Sheet
| 0.79 | AIQUY | Air Liquide SA | PairCorr |
| 0.82 | AIQUF | LAir Liquide SA | PairCorr |
| 0.88 | SKFOF | Sika AG | PairCorr |
| 0.91 | SXYAY | Sika AG ADR | PairCorr |
| 0.85 | GVDNY | Givaudan SA ADR | PairCorr |
| 0.61 | PPG | PPG Industries Fiscal Year End 16th of January 2025 | PairCorr |
Moving against Brenntag Pink Sheet
| 0.87 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.86 | ALAB | Astera Labs, Common | PairCorr |
| 0.85 | ADSK | Autodesk | PairCorr |
| 0.85 | GM | General Motors Aggressive Push | PairCorr |
| 0.84 | ZM | Zoom Video Communications | PairCorr |
| 0.82 | CRWD | Crowdstrike Holdings Earnings Call Today | PairCorr |
| 0.76 | NVDA | NVIDIA | PairCorr |
| 0.73 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.68 | APD | Air Products | PairCorr |
| 0.66 | PPYA | Papaya Growth Opportunity | PairCorr |
| 0.64 | AIBBU | AIB Acquisition Corp | PairCorr |
| 0.57 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.52 | APLD | Applied Blockchain Trending | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Brenntag Pink Sheet performing well and Brenntag 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 Brenntag'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGPHF | 7.23 | (0.21) | 0.00 | (2.61) | 0.00 | 12.50 | 41.74 | |||
| 444859BR2 | 1.31 | 0.03 | 0.00 | 0.07 | 0.00 | 5.93 | 16.62 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.27 | (0.13) | 0.00 | 0.01 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.48 | (0.05) | (0.15) | 0.04 | 0.53 | 1.03 | 2.80 | |||
| ABHYX | 0.17 | 0.00 | (0.25) | 0.08 | 0.26 | 0.34 | 1.91 | |||
| LBHIX | 0.11 | 0.01 | (0.40) | 0.46 | 0.00 | 0.24 | 0.96 | |||
| SCAXF | 0.70 | (0.41) | 0.00 | (0.99) | 0.00 | 0.00 | 23.47 | |||
| VIASP | 0.74 | 0.08 | (0.03) | (2.22) | 1.13 | 2.28 | 7.18 | |||
| RRTLX | 0.24 | 0.01 | (0.30) | 0.50 | 0.24 | 0.56 | 1.37 |
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Brenntag Corporate Management
| Ewout Jarwaarde | Chief Board | Profile | |
| Ursula BaumgartnerDurchschlag | Head Person | Profile | |
| Christian Kohlpaintner | Chairman CEO | Profile | |
| Thomas Altmann | VP Relations | Profile | |
| Marion Mestrom | Chief Officer | Profile | |
| Steven Terwindt | COO Board | Profile |