Chemours Correlations

CC Stock  USD 16.89  1.05  5.85%   
The current 90-days correlation between Chemours and International Flavors Fragrances is 0.07 (i.e., Significant diversification). The correlation of Chemours 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.

Chemours Correlation With Market

Poor diversification

The correlation between Chemours Co 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 Chemours Co 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 Chemours Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Chemours Stock

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  0.84RCKY Rocky BrandsPairCorr
  0.79APETF Alpha Esports TechPairCorr
  0.89TFLM TFLMPairCorr
  0.63BNKHF BOC Hong KongPairCorr
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  0.83SECVY Seche EnvironnementPairCorr
  0.73AROC Archrock Symbol ChangePairCorr
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  0.69FIBK First Interstate Ban Normal TradingPairCorr
  0.85RILYL B Riley FinancialPairCorr

Moving against Chemours Stock

  0.7ADVWW Advantage SolutionsPairCorr
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  0.6GCMGW GCM GrosvenorPairCorr
  0.5BROGF BROGFPairCorr
  0.37IVVD InvivydPairCorr
  0.35NVNIW Nvni Group LimitedPairCorr

Related Correlations Analysis


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

WLKCBT
WLKPPG
CBTPPG
LYBPPG
LYBIFF
AXTACBT
  

High negative correlations

AXTATSE
TSECBT
TSEPPG
TSEWLK
TSEIFF
TSELYB

Risk-Adjusted Indicators

There is a big difference between Chemours Stock performing well and Chemours 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 Chemours' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
IFF  1.37  0.25  0.13  0.45  1.35 
 4.02 
 8.02 
APD  1.37  0.23  0.09  0.46  1.95 
 2.97 
 18.39 
PPG  1.07  0.37  0.36  0.45  0.52 
 3.24 
 6.59 
LIN  0.84  0.09  0.04  0.28  0.98 
 1.56 
 6.09 
LYB  2.22  0.22  0.10  0.23  2.32 
 6.08 
 12.48 
CBT  1.61  0.13  0.07  0.19  1.85 
 4.36 
 13.59 
WLK  2.36  0.41  0.20  0.30  1.97 
 5.71 
 12.50 
TSE  5.83 (1.67) 0.00 (0.43) 0.00 
 11.11 
 53.43 
AXTA  1.25  0.22  0.13  0.37  1.18 
 3.27 
 8.87 
ESI  1.85 (0.01) 0.04  0.08  1.99 
 4.59 
 12.50