Ecovyst Correlations

ECVT Stock

USD 11.08 0.29 2.69%

The current 90-days correlation between Ecovyst and Stepan Company is 0.08 (i.e., Significant diversification). The correlation of Ecovyst 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.

Ecovyst Correlation With Market

Very poor diversification

The correlation between Ecovyst and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ecovyst and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ecovyst Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ecovyst. 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.

For more information on how to buy Ecovyst Stock please use our How to Invest in Ecovyst guide.

Moving together with Ecovyst Stock

0.78	AACA	AALBERTS IND	Pair Corr
0.84	CAV	Carnavale Resources Split	Pair Corr
0.77	C9F	CHIPOTLE MEXICAN Earnings Call Today	Pair Corr
0.69	VVDH	VEOLIA ENV SP	Pair Corr
0.73	PEX	Pacific Ridge Exploration	Pair Corr
0.66	MKL	ATEA Earnings Call This Week	Pair Corr
0.78	RMY	RAMSAY HEALTH CARE	Pair Corr
0.9	A8D	AB SCIENCE	Pair Corr
0.9	DC	Dakota Gold Corp	Pair Corr
0.82	ZYA	STATE STREET	Pair Corr
0.73	NGR	NOVAGOLD RESOURCES	Pair Corr
0.91	IE	Ivanhoe Electric Buyout Trend	Pair Corr
0.87	DEZ	Deutz AG	Pair Corr
0.65	HRZ	HUSQVARNA B Earnings Call Tomorrow	Pair Corr
0.92	STD	STANDARD CHARTERED	Pair Corr

Moving against Ecovyst Stock

0.76	6RC	REPROCELL	Pair Corr
0.5	CHQ1	CHENIERE ENERGY	Pair Corr
0.93	GEO	Empire Metals Limited	Pair Corr
0.91	SON1	Sony Group Corp Earnings Call This Week	Pair Corr
0.63	VDO-H	Nevado Resources	Pair Corr
0.59	EO5	EOG RESOURCES	Pair Corr
0.58	ENT	Enterprise Metals	Pair Corr
0.57	OBD	Obducat AB	Pair Corr
0.51	ZSK	SUNOPTA	Pair Corr
0.37	X07	ANY SECURITY	Pair Corr
0.35	4BY	BYD ELECTRONIC	Pair Corr

Related Correlations Analysis

	SCL	BAK	MUX	REX	ODC	ASPI	GSM	GPRE	CNL	LWLG
SCL		0.8	0.92	0.59	0.24	-0.17	0.67	0.71	0.92	-0.51	SCL
BAK	0.8		0.81	0.51	0.33	-0.18	0.36	0.69	0.72	-0.39	BAK
MUX	0.92	0.81		0.51	0.37	0.06	0.66	0.81	0.88	-0.4	MUX
REX	0.59	0.51	0.51		0.16	-0.34	0.38	0.41	0.55	-0.41	REX
ODC	0.24	0.33	0.37	0.16		0.53	-0.09	0.6	0.05	0.35	ODC
ASPI	-0.17	-0.18	0.06	-0.34	0.53		-0.05	0.23	-0.18	0.65	ASPI
GSM	0.67	0.36	0.66	0.38	-0.09	-0.05		0.53	0.72	-0.38	GSM
GPRE	0.71	0.69	0.81	0.41	0.6	0.23	0.53		0.64	0.02	GPRE
CNL	0.92	0.72	0.88	0.55	0.05	-0.18	0.72	0.64		-0.56	CNL
LWLG	-0.51	-0.39	-0.4	-0.41	0.35	0.65	-0.38	0.02	-0.56		LWLG
	SCL	BAK	MUX	REX	ODC	ASPI	GSM	GPRE	CNL	LWLG

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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

MUX	+ 0.92	SCL
CNL	+ 0.92	SCL
CNL	+ 0.88	MUX
MUX	+ 0.81	BAK
GPRE	+ 0.81	MUX
BAK	+ 0.8	SCL

High negative correlations

LWLG	- 0.56	CNL
LWLG	- 0.51	SCL
LWLG	- 0.41	REX
LWLG	- 0.4	MUX
LWLG	- 0.39	BAK
LWLG	- 0.38	GSM

Risk-Adjusted Indicators

There is a big difference between Ecovyst Stock performing well and Ecovyst 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 Ecovyst'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
SCL	1.28	0.37	0.22	1.06	1.22	(1.49)	3.48	(2.57)	7.15
BAK	3.12	0.40	0.14	0.24	2.82	(3.92)	8.68	(4.87)	27.76
MUX	2.94	0.43	0.09	(1.71)	3.97	(3.12)	6.49	(6.07)	14.98
REX	1.32	0.07	0.04	0.12	1.63	(1.37)	2.78	(2.66)	8.84
ODC	1.62	0.10	0.04	0.15	2.46	(1.76)	3.17	(2.61)	15.64
ASPI	4.94	(0.52)	0.00	(0.65)	0.00	0.00	16.16	(10.73)	28.83
GSM	2.49	(0.04)	(0.01)	0.01	3.22	(2.67)	5.66	(5.47)	19.69
GPRE	2.89	0.19	0.05	0.21	3.63	(3.15)	5.46	(5.05)	27.29
CNL	2.92	0.62	0.14	0.59	4.07	(3.01)	5.49	(6.21)	25.04
LWLG	4.19	(0.54)	0.00	(0.18)	0.00	0.00	9.03	(9.16)	31.90

Ecovyst Corporate Management

Martin Craighead	Independent Director	Profile
Mark McFadden	Independent Director	Profile
Greg Brenneman	Independent Director	Profile
Christopher Behrens	Independent Director	Profile
Susan Ward	Independent Director	Profile
Colleen Donofrio	Vice Sustainability	Profile

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