Chemours Correlations

CC Stock

USD 18.24 1.01 5.86%

The current 90-days correlation between Chemours and International Flavors Fragrances is 0.3 (i.e., Weak 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 0.75 (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.

Build AI portfolio with Chemours Stock

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 unemployment.

Moving together with Chemours Stock

0.94	DD	Dupont De Nemours	Pair Corr
0.95	EMN	Eastman Chemical	Pair Corr
0.93	HUN	Huntsman	Pair Corr
0.78	LXU	Lsb Industries	Pair Corr
0.79	SSL	Sasol Buyout Trend	Pair Corr
0.82	AKE	Arkema SA	Pair Corr
0.7	ATCOL	Atlas Corp	Pair Corr
0.62	AMKBY	AP Moeller Maersk	Pair Corr
0.9	RBGPF	Reckitt Benckiser Earnings Call This Week	Pair Corr
0.88	VKQ	Invesco Municipal Trust	Pair Corr
0.93	TDY	Teledyne Technologies	Pair Corr
0.79	PALAF	Paladin Energy	Pair Corr
0.93	LNN	Lindsay	Pair Corr
0.8	EDVMF	Endeavour Mining Corp Earnings Call This Week	Pair Corr
0.86	TRP	TC Energy Corp	Pair Corr
0.67	ADEA	ADEIA P	Pair Corr
0.87	SBKO	Summit Bank Group	Pair Corr
0.89	ALFVF	Alfa Laval AB	Pair Corr
0.97	WSO	Watsco Inc	Pair Corr

Moving against Chemours Stock

0.85	GCMGW	GCM Grosvenor	Pair Corr
0.73	ADVWW	Advantage Solutions	Pair Corr
0.71	MAPSW	WM Technology	Pair Corr
0.52	PCTTW	PureCycle Technologies	Pair Corr
0.44	VLCN	Volcon Inc Symbol Change	Pair Corr
0.32	ALMET	Methanor	Pair Corr
0.83	BKNG	Booking Holdings	Pair Corr
0.42	LFLYW	Leafly Holdings	Pair Corr
0.64	GIPRW	Generation Income	Pair Corr

Related Correlations Analysis

	IFF	APD	PPG	LIN	LYB	CBT	WLK	TSE	AXTA	ESI
IFF		0.84	0.89	0.9	0.92	0.77	0.86	-0.65	0.7	0.91	IFF
APD	0.84		0.87	0.8	0.92	0.78	0.81	-0.46	0.66	0.77	APD
PPG	0.89	0.87		0.9	0.94	0.9	0.94	-0.75	0.79	0.88	PPG
LIN	0.9	0.8	0.9		0.87	0.87	0.91	-0.8	0.84	0.91	LIN
LYB	0.92	0.92	0.94	0.87		0.87	0.92	-0.6	0.71	0.89	LYB
CBT	0.77	0.78	0.9	0.87	0.87		0.95	-0.74	0.83	0.83	CBT
WLK	0.86	0.81	0.94	0.91	0.92	0.95		-0.8	0.82	0.89	WLK
TSE	-0.65	-0.46	-0.75	-0.8	-0.6	-0.74	-0.8		-0.74	-0.73	TSE
AXTA	0.7	0.66	0.79	0.84	0.71	0.83	0.82	-0.74		0.67	AXTA
ESI	0.91	0.77	0.88	0.91	0.89	0.83	0.89	-0.73	0.67		ESI
	IFF	APD	PPG	LIN	LYB	CBT	WLK	TSE	AXTA	ESI

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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

WLK	+ 0.95	CBT
LYB	+ 0.94	PPG
WLK	+ 0.94	PPG
LYB	+ 0.92	IFF
LYB	+ 0.92	APD
WLK	+ 0.92	LYB

High negative correlations

TSE	- 0.8	WLK
TSE	- 0.8	LIN
TSE	- 0.75	PPG
AXTA	- 0.74	TSE
TSE	- 0.74	CBT
ESI	- 0.73	TSE

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IFF	1.22	0.30	0.14	2.68	1.31	(1.34)	2.60	(2.71)	8.60
APD	1.27	0.07	0.02	0.18	2.11	(1.29)	2.58	(2.24)	10.84
PPG	1.08	0.27	0.22	0.36	0.86	(1.24)	2.63	(1.65)	8.50
LIN	0.85	0.30	0.18	1.45	0.95	(0.94)	1.92	(1.92)	6.09
LYB	2.11	0.33	0.15	0.30	2.12	(2.42)	6.08	(3.66)	12.48
CBT	1.33	0.27	0.18	0.38	1.18	(1.54)	3.70	(2.21)	13.57
WLK	2.44	0.77	0.37	0.45	1.64	(2.85)	6.27	(3.82)	14.65
TSE	6.40	(1.77)	0.00	(0.35)	0.00	0.00	14.58	(15.38)	53.43
AXTA	1.11	0.10	0.05	0.21	1.29	(1.18)	2.40	(2.47)	8.87
ESI	1.84	0.43	0.25	0.33	1.52	(2.24)	4.59	(2.38)	10.98

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