Ecovyst Correlations

ECVT Stock

USD 8.21 0.01 0.12%

The current 90-days correlation between Ecovyst and Orion Engineered Carbons is 0.49 (i.e., Very weak 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

Average diversification

The correlation between Ecovyst and DJI is 0.14 (i.e., Average 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.

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 real.

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

Moving together with Ecovyst Stock

0.71	DD	Dupont De Nemours	Pair Corr
0.61	APD	Air Products	Pair Corr
0.61	ECL	Ecolab Inc	Pair Corr
0.78	EMN	Eastman Chemical	Pair Corr
0.62	ESI	Element Solutions Earnings Call This Week	Pair Corr
0.62	IFF	International Flavors Earnings Call This Week	Pair Corr
0.82	LIN	Linde plc Ordinary	Pair Corr
0.76	LYB	LyondellBasell Industries	Pair Corr
0.75	SHW	Sherwin Williams	Pair Corr
0.66	SXT	Sensient Technologies	Pair Corr
0.66	IOSP	Innospec	Pair Corr

Moving against Ecovyst Stock

0.43	FEAM	5E Advanced Materials	Pair Corr
0.58	TSE	Trinseo SA	Pair Corr
0.46	ALTO	Alto Ingredients	Pair Corr
0.42	AVTR	Avantor	Pair Corr
0.38	GEVO	Gevo Inc	Pair Corr

Related Correlations Analysis

	OEC	CBT	MTX	KWR	ODC	ESI	SXT	IOSP	FUL	NEU
OEC		0.93	0.86	0.81	-0.76	0.87	0.49	0.67	0.94	0.67	OEC
CBT	0.93		0.93	0.93	-0.82	0.95	0.65	0.82	0.97	0.72	CBT
MTX	0.86	0.93		0.89	-0.76	0.91	0.72	0.89	0.91	0.64	MTX
KWR	0.81	0.93	0.89		-0.81	0.92	0.76	0.87	0.89	0.77	KWR
ODC	-0.76	-0.82	-0.76	-0.81		-0.84	-0.55	-0.72	-0.76	-0.5	ODC
ESI	0.87	0.95	0.91	0.92	-0.84		0.73	0.85	0.89	0.71	ESI
SXT	0.49	0.65	0.72	0.76	-0.55	0.73		0.86	0.59	0.63	SXT
IOSP	0.67	0.82	0.89	0.87	-0.72	0.85	0.86		0.74	0.56	IOSP
FUL	0.94	0.97	0.91	0.89	-0.76	0.89	0.59	0.74		0.75	FUL
NEU	0.67	0.72	0.64	0.77	-0.5	0.71	0.63	0.56	0.75		NEU
	OEC	CBT	MTX	KWR	ODC	ESI	SXT	IOSP	FUL	NEU

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FUL	+ 0.97	CBT
ESI	+ 0.95	CBT
FUL	+ 0.94	OEC
CBT	+ 0.93	OEC
MTX	+ 0.93	CBT
KWR	+ 0.93	CBT

High negative correlations

ESI	- 0.84	ODC
ODC	- 0.82	CBT
ODC	- 0.81	KWR
FUL	- 0.76	ODC
ODC	- 0.76	MTX
ODC	- 0.76	OEC

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
OEC	1.98	(0.10)	0.00	(0.23)	0.00	0.00	4.05	(3.55)	19.27
CBT	1.18	(0.42)	0.00	(0.69)	0.00	0.00	2.55	(2.70)	8.00
MTX	1.10	(0.21)	0.00	(0.28)	0.00	0.00	1.93	(2.51)	7.44
KWR	1.42	(0.28)	0.00	(0.29)	0.00	0.00	2.46	(2.92)	8.76
ODC	1.57	0.27	0.13	1.86	1.80	(1.74)	2.30	(2.51)	22.38
ESI	0.95	(0.13)	0.00	(0.33)	0.00	0.00	1.81	(2.11)	6.93
SXT	1.16	(0.16)	0.00	(0.14)	0.00	0.00	1.92	(2.45)	6.44
IOSP	1.06	(0.17)	0.00	(0.18)	0.00	0.00	2.24	(2.20)	5.97
FUL	1.13	(0.36)	0.00	(0.44)	0.00	0.00	1.85	(3.00)	9.94
NEU	1.09	(0.03)	0.00	(0.06)	0.00	0.00	2.00	(2.43)	5.96

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC