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.
Moving together with Chemours Stock
Moving against Chemours Stock
| 0.6 | DD | Dupont De Nemours | PairCorr |
| 0.59 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.58 | SSL | Sasol | PairCorr |
| 0.53 | KB | KB Financial Group | PairCorr |
| 0.45 | PTBRY | Bank Negara Indonesia Normal Trading | PairCorr |
| 0.43 | PBCRY | Bank Central Asia | PairCorr |
| 0.37 | BKRKY | Bank Rakyat | PairCorr |
| 0.71 | CAH | Cardinal Health Sell-off Trend | PairCorr |
| 0.5 | SHG | Shinhan Financial | PairCorr |
| 0.5 | ARVN | Arvinas | PairCorr |
| 0.44 | SMFL | Smart for Life | PairCorr |
| 0.38 | CTOWY | China TowerLimited | PairCorr |
| 0.35 | DB | Deutsche Bank AG | PairCorr |
| 0.35 | FLIDY | FLSmidth Co AS | PairCorr |
| 0.51 | NAUFF | NevGold Corp | PairCorr |
| 0.5 | TEN | Tsakos Energy Navigation | PairCorr |
| 0.47 | BYSD | Bayside Corp | PairCorr |
| 0.44 | KBDC | Kayne Anderson BDC | PairCorr |
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
| High negative correlations
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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 | 1.25 | 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 |