Innospec Correlations

IOSP Stock

USD 78.40 0.28 0.36%

The current 90-days correlation between Innospec and Chemours Co is 0.62 (i.e., Poor diversification). The correlation of Innospec 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.

Innospec Correlation With Market

Very weak diversification

The correlation between Innospec and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innospec and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Innospec Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innospec. 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.

To learn how to invest in Innospec Stock, please use our How to Invest in Innospec guide.

Moving together with Innospec Stock

0.81	CE	Celanese	Pair Corr
0.69	603601	Chongqing Zaisheng Tech	Pair Corr
0.74	FUL	H B Fuller	Pair Corr

Moving against Innospec Stock

0.66	NANO	Nano One Materials	Pair Corr
0.57	300717	Jiangsu Huaxin New	Pair Corr
0.43	300019	Chengdu Guibao Science	Pair Corr
0.36	600691	Yangmei Chemical	Pair Corr
0.33	603065	Suqian Unitech Corp	Pair Corr
0.32	688359	Guangzhou Sanfu New	Pair Corr
0.68	300721	Jiangsu Yida Chemical	Pair Corr
0.54	300758	Anshan Hifichem	Pair Corr
0.35	002741	Guangdong Guanghua Sci	Pair Corr
0.6	300225	Shanghai Kinlita Chemical	Pair Corr

Related Correlations Analysis

	CC	NGVT	MTX	ASH	ARMN	OLN	FMC	SKE	AAUC	KWR
CC		0.28	0.43	-0.41	-0.49	0.86	0.83	-0.28	-0.16	-0.25	CC
NGVT	0.28		0.69	0.49	0.42	0.43	0.23	0.58	0.67	0.46	NGVT
MTX	0.43	0.69		0.31	0.34	0.6	0.35	0.53	0.55	0.3	MTX
ASH	-0.41	0.49	0.31		0.92	-0.3	-0.6	0.88	0.87	0.72	ASH
ARMN	-0.49	0.42	0.34	0.92		-0.34	-0.65	0.93	0.88	0.7	ARMN
OLN	0.86	0.43	0.6	-0.3	-0.34		0.87	-0.1	0.04	-0.26	OLN
FMC	0.83	0.23	0.35	-0.6	-0.65	0.87		-0.41	-0.28	-0.48	FMC
SKE	-0.28	0.58	0.53	0.88	0.93	-0.1	-0.41		0.94	0.6	SKE
AAUC	-0.16	0.67	0.55	0.87	0.88	0.04	-0.28	0.94		0.6	AAUC
KWR	-0.25	0.46	0.3	0.72	0.7	-0.26	-0.48	0.6	0.6		KWR
	CC	NGVT	MTX	ASH	ARMN	OLN	FMC	SKE	AAUC	KWR

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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

AAUC	+ 0.94	SKE
SKE	+ 0.93	ARMN
ARMN	+ 0.92	ASH
SKE	+ 0.88	ASH
AAUC	+ 0.88	ARMN
AAUC	+ 0.87	ASH

High negative correlations

FMC	- 0.65	ARMN
FMC	- 0.6	ASH
ARMN	- 0.49	CC
KWR	- 0.48	FMC
SKE	- 0.41	FMC
ASH	- 0.41	CC

Risk-Adjusted Indicators

There is a big difference between Innospec Stock performing well and Innospec 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 Innospec'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
CC	2.73	(0.63)	0.00	(0.12)	0.00	0.00	5.44	(6.28)	16.17
NGVT	1.95	0.04	0.02	0.10	3.13	(2.00)	3.83	(2.82)	18.74
MTX	1.27	(0.05)	(0.03)	0.02	1.64	(1.22)	2.56	(2.66)	7.32
ASH	1.56	0.26	0.13	0.39	1.47	(1.64)	4.54	(2.86)	13.17
ARMN	2.51	0.85	0.22	0.77	3.00	(2.77)	6.86	(5.88)	15.66
OLN	2.50	(0.29)	0.00	(0.05)	0.00	0.00	5.79	(4.71)	19.65
FMC	2.83	(1.27)	0.00	(0.52)	0.00	0.00	3.95	(5.74)	49.47
SKE	2.89	0.54	0.13	0.65	3.55	(3.11)	6.65	(5.50)	25.06
AAUC	2.76	0.53	0.13	0.38	3.65	(2.82)	6.92	(5.81)	20.85
KWR	1.83	0.02	0.04	0.08	1.81	(2.24)	4.49	(3.24)	14.63

Innospec Corporate Management

David CPA	General VP	Profile
Trey Griffin	Senior Resources	Profile
Graeme Blair	Head Finance	Profile
Corbin Barnes	Senior Relations	Profile

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