Chemours Correlations

CC Stock  USD 12.74  0.49  4.00%   
The current 90-days correlation between Chemours and International Flavors Fragrances is 0.11 (i.e., Average 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

Significant diversification

The correlation between Chemours Co and DJI is 0.08 (i.e., Significant 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 manufacturing.

Moving together with Chemours Stock

  0.64PCTTW PureCycle TechnologiesPairCorr

Moving against Chemours Stock

  0.6DD Dupont De NemoursPairCorr
  0.59PPERY Bank Mandiri PerseroPairCorr
  0.58SSL SasolPairCorr
  0.53KB KB Financial GroupPairCorr
  0.45PTBRY Bank Negara Indonesia Normal TradingPairCorr
  0.43PBCRY Bank Central AsiaPairCorr
  0.37BKRKY Bank RakyatPairCorr
  0.71CAH Cardinal Health Sell-off TrendPairCorr
  0.5SHG Shinhan FinancialPairCorr
  0.5ARVN ArvinasPairCorr
  0.44SMFL Smart for LifePairCorr
  0.38CTOWY China TowerLimitedPairCorr
  0.35DB Deutsche Bank AGPairCorr
  0.35FLIDY FLSmidth Co ASPairCorr
  0.51NAUFF NevGold CorpPairCorr
  0.5TEN Tsakos Energy NavigationPairCorr
  0.47BYSD Bayside CorpPairCorr
  0.44KBDC Kayne Anderson BDCPairCorr

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
TSELIN
WLKLIN
AXTAIFF
CBTPPG
  

High negative correlations

AXTATSE
TSEIFF
LINIFF
CBTIFF
AXTAAPD
WLKIFF

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  1.25  0.11  0.06  0.26  1.29 
 3.09 
 7.75 
APD  1.22 (0.13) 0.00 (0.08) 0.00 
 2.50 
 18.39 
PPG  1.01 (0.04)(0.03) 0.03  1.47 
 2.16 
 8.02 
LIN  0.84 (0.14) 0.00 (0.82) 0.00 
 1.50 
 4.20 
LYB  1.88 (0.13) 0.00 (0.02) 0.00 
 3.65 
 11.53 
CBT  1.32 (0.19) 0.00 (0.09) 0.00 
 3.68 
 8.45 
WLK  2.01 (0.13)(0.03) 0.00  2.71 
 4.57 
 11.62 
TSE  5.49 (1.57) 0.00 (17.90) 0.00 
 11.11 
 28.90 
AXTA  1.28  0.18  0.10  0.26  1.41 
 2.69 
 7.97 
ESI  1.69 (0.10) 0.00  0.03  2.17 
 3.80 
 10.67