Core Molding Correlations

CMT Stock

USD 17.50 0.62 3.67%

The current 90-days correlation between Core Molding Technologies and Oil Dri is 0.46 (i.e., Very weak diversification). The correlation of Core Molding 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.

Core Molding Correlation With Market

Poor diversification

The correlation between Core Molding Technologies and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Molding Technologies 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 Core Molding Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Core Stock

0.88	FUL	H B Fuller Fiscal Year End 15th of January 2025	Pair Corr
0.67	KOP	Koppers Holdings	Pair Corr
0.64	LYB	LyondellBasell Industries	Pair Corr
0.67	SSL	Sasol	Pair Corr

Moving against Core Stock

0.57	APD	Air Products	Pair Corr
0.49	ALB	Albemarle Corp	Pair Corr
0.48	ALB-PA	Albemarle	Pair Corr
0.39	WDFC	WD 40 Company	Pair Corr
0.32	CBT	Cabot	Pair Corr
0.62	FSI	Flexible Solutions	Pair Corr
0.57	PRM	Perimeter Solutions	Pair Corr
0.54	RPM	RPM International	Pair Corr
0.41	ESI	Element Solutions	Pair Corr
0.32	MTX	Minerals Technologies	Pair Corr
0.62	GEVO	Gevo Inc Buyout Trend	Pair Corr
0.36	LWLG	Lightwave Logic	Pair Corr
0.32	SQM	Sociedad Quimica y	Pair Corr

Related Correlations Analysis

	KWR	MTX	IOSP	FUL	SXT	ODC	ECVT	AXTA	AVNT
KWR		0.36	0.73	0.46	0.45	0.39	0.6	0.46	0.5	KWR
MTX	0.36		0.85	-0.39	0.69	0.7	0.73	0.82	0.84	MTX
IOSP	0.73	0.85		-0.03	0.7	0.65	0.8	0.83	0.86	IOSP
FUL	0.46	-0.39	-0.03		-0.1	-0.17	-0.28	-0.42	-0.13	FUL
SXT	0.45	0.69	0.7	-0.1		0.72	0.38	0.59	0.87	SXT
ODC	0.39	0.7	0.65	-0.17	0.72		0.51	0.6	0.66	ODC
ECVT	0.6	0.73	0.8	-0.28	0.38	0.51		0.87	0.55	ECVT
AXTA	0.46	0.82	0.83	-0.42	0.59	0.6	0.87		0.72	AXTA
AVNT	0.5	0.84	0.86	-0.13	0.87	0.66	0.55	0.72		AVNT
	KWR	MTX	IOSP	FUL	SXT	ODC	ECVT	AXTA	AVNT

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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

AVNT	+ 0.87	SXT
AXTA	+ 0.87	ECVT
AVNT	+ 0.86	IOSP
IOSP	+ 0.85	MTX
AVNT	+ 0.84	MTX
AXTA	+ 0.83	IOSP

High negative correlations

AXTA	- 0.42	FUL
FUL	- 0.39	MTX
ECVT	- 0.28	FUL
ODC	- 0.17	FUL
AVNT	- 0.13	FUL
SXT	- 0.1	FUL

Risk-Adjusted Indicators

There is a big difference between Core Stock performing well and Core Molding 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 Core Molding'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
KWR	1.49	(0.23)	(0.04)	0.02	1.84	(1.54)	2.37	(2.62)	18.04
MTX	1.31	(0.06)	0.04	0.09	1.30	(1.49)	2.94	(2.51)	11.90
IOSP	1.25	(0.13)	0.01	0.06	1.31	(1.34)	2.24	(2.10)	16.32
FUL	1.04	(0.28)	0.00	(0.07)	0.00	0.00	1.76	(2.51)	8.58
SXT	1.07	(0.08)	(0.02)	0.07	1.24	(1.08)	2.14	(2.19)	8.84
ODC	1.34	(0.01)	0.01	0.11	1.61	(1.37)	3.14	(2.09)	12.06
ECVT	1.83	0.15	0.11	0.22	1.56	(2.26)	4.55	(3.08)	17.08
AXTA	1.21	0.10	0.07	0.22	1.19	(1.24)	2.81	(2.08)	10.92
AVNT	1.38	(0.03)	0.04	0.11	1.42	(1.53)	3.08	(2.41)	7.92

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