Croda International Correlations
| COIHY Stock | USD 22.49 0.38 1.72% |
The current 90-days correlation between Croda International PLC and First Graphene is -0.28 (i.e., Very good diversification). The correlation of Croda International 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.
Croda International Correlation With Market
Weak diversification
The correlation between Croda International PLC and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Croda International PLC and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Croda International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Croda International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Croda International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Croda International PLC to buy it.
Moving together with Croda Pink Sheet
| 0.85 | AIQUY | Air Liquide SA | PairCorr |
| 0.81 | AIQUF | LAir Liquide SA | PairCorr |
| 0.9 | SKFOF | Sika AG | PairCorr |
| 0.92 | SXYAY | Sika AG ADR Potential Growth | PairCorr |
| 0.87 | GVDNY | Givaudan SA ADR | PairCorr |
| 0.72 | PPG | PPG Industries Sell-off Trend | PairCorr |
| 0.71 | PPHI | Positive Physicians | PairCorr |
Moving against Croda Pink Sheet
| 0.85 | GM | General Motors Aggressive Push | PairCorr |
| 0.83 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.77 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.75 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.73 | ADSK | Autodesk | PairCorr |
| 0.7 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.67 | NVDA | NVIDIA | PairCorr |
| 0.61 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.6 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.59 | APD | Air Products | PairCorr |
| 0.57 | AIBBU | AIB Acquisition Corp | PairCorr |
| 0.53 | PPYA | Papaya Growth Opportunity | PairCorr |
| 0.4 | BRK-B | Berkshire Hathaway | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Croda Pink Sheet performing well and Croda International 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 Croda International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGPHF | 7.52 | (0.50) | 0.00 | 1.04 | 0.00 | 12.50 | 41.74 | |||
| 444859BR2 | 1.31 | (0.16) | 0.00 | (0.06) | 0.00 | 5.93 | 16.62 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.27 | (0.13) | 0.00 | 0.01 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.50 | (0.04) | (0.13) | 0.06 | 0.52 | 1.21 | 2.80 | |||
| ABHYX | 0.16 | 0.00 | (0.25) | 0.05 | 0.26 | 0.34 | 1.91 | |||
| LBHIX | 0.11 | 0.02 | (0.41) | 2.96 | 0.00 | 0.24 | 0.96 | |||
| SCAXF | 0.70 | (0.41) | 0.00 | (0.99) | 0.00 | 0.00 | 23.47 | |||
| VIASP | 0.72 | 0.00 | (0.02) | 0.00 | 1.05 | 2.28 | 7.18 | |||
| RRTLX | 0.24 | 0.00 | (0.33) | 0.37 | 0.26 | 0.56 | 1.37 |
Be your own money manager
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Croda International Corporate Management
| Nicholas Challoner | Group Officer | Profile | |
| Mark Robinson | Pres Operations | Profile | |
| Thomas Brophy | Group Sec | Profile | |
| Anthony Fitzpatrick | Industrial Technologies | Profile | |
| David Bishop | Director Relations | Profile | |
| FCMA BA | Group Director | Profile | |
| Stephen Foots | Group Director | Profile |