ICL Israel Correlations

ICL Stock

USD 4.62 0.18 4.05%

The current 90-days correlation between ICL Israel Chemicals and CF Industries Holdings is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ICL Israel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICL Israel Chemicals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ICL Israel Correlation With Market

Average diversification

The correlation between ICL Israel Chemicals and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ICL Israel Chemicals and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICL Israel Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against ICL Stock

0.58	BHIL	Benson Hill, Common	Pair Corr
0.48	HL	Hecla Mining	Pair Corr
0.43	CE	Celanese	Pair Corr
0.32	CX	Cemex SAB de	Pair Corr
0.47	AGI	Alamos Gold	Pair Corr
0.41	DNMR	Danimer Scientific	Pair Corr
0.41	HYMCW	Hycroft Mining Holding	Pair Corr
0.37	FMST	Foremost Lithium Resource	Pair Corr
0.36	ELBM	Electra Battery Materials	Pair Corr

Related Correlations Analysis

	CF	MOS	AVD	UAN	IPI	BIOX	CTA-PB	FMC	BHIL	NTR
CF		0.01	-0.45	0.36	0.36	-0.61	0.51	-0.16	-0.01	0.6	CF
MOS	0.01		-0.16	0.07	0.23	0.24	-0.24	0.37	-0.12	0.5	MOS
AVD	-0.45	-0.16		0.14	0.2	0.27	-0.71	-0.54	-0.59	-0.74	AVD
UAN	0.36	0.07	0.14		0.37	-0.24	-0.24	-0.53	-0.32	-0.04	UAN
IPI	0.36	0.23	0.2	0.37		-0.65	-0.19	-0.54	-0.17	0.19	IPI
BIOX	-0.61	0.24	0.27	-0.24	-0.65		-0.32	0.43	-0.25	-0.33	BIOX
CTA-PB	0.51	-0.24	-0.71	-0.24	-0.19	-0.32		0.4	0.66	0.57	CTA-PB
FMC	-0.16	0.37	-0.54	-0.53	-0.54	0.43	0.4		0.48	0.4	FMC
BHIL	-0.01	-0.12	-0.59	-0.32	-0.17	-0.25	0.66	0.48		0.43	BHIL
NTR	0.6	0.5	-0.74	-0.04	0.19	-0.33	0.57	0.4	0.43		NTR
	CF	MOS	AVD	UAN	IPI	BIOX	CTA-PB	FMC	BHIL	NTR

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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

BHIL	+ 0.66	CTA-PB
NTR	+ 0.6	CF
NTR	+ 0.57	CTA-PB
CTA-PB	+ 0.51	CF
NTR	+ 0.5	MOS
BHIL	+ 0.48	FMC

High negative correlations

NTR	- 0.74	AVD
CTA-PB	- 0.71	AVD
BIOX	- 0.65	IPI
BIOX	- 0.61	CF
BHIL	- 0.59	AVD
FMC	- 0.54	IPI

Risk-Adjusted Indicators

There is a big difference between ICL Stock performing well and ICL Israel 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 ICL Israel'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
CF	1.18	0.17	0.05	1.21	1.57	(1.11)	2.17	(2.19)	6.82
MOS	1.71	(0.14)	0.00	(0.11)	0.00	0.00	4.43	(3.92)	13.10
AVD	1.89	0.13	0.04	0.25	2.50	(1.94)	4.25	(4.12)	15.23
UAN	1.22	(0.03)	(0.04)	0.04	1.67	(1.38)	3.17	(1.80)	10.77
IPI	1.74	0.26	0.09	0.88	1.96	(1.87)	4.95	(3.95)	14.45
BIOX	1.89	(0.66)	0.00	(7.41)	0.00	0.00	2.70	(3.89)	23.31
CTA-PB	0.97	0.03	(0.02)	0.20	1.21	(1.01)	2.40	(2.32)	6.06
FMC	1.40	(0.16)	0.00	(0.33)	0.00	0.00	2.86	(3.42)	16.03
BHIL	2.12	(0.55)	0.00	(0.44)	0.00	0.00	3.49	(5.11)	20.89
NTR	1.09	(0.05)	0.00	(0.03)	0.00	0.00	2.31	(2.10)	8.77

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