Intrepid Potash Correlations

IPI Stock

USD 34.46 0.34 0.98%

The current 90-days correlation between Intrepid Potash and American Battery Technology is 0.2 (i.e., Modest diversification). The correlation of Intrepid Potash 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.

Intrepid Potash Correlation With Market

Poor diversification

The correlation between Intrepid Potash and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intrepid Potash and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intrepid Stock

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

For more detail on how to invest in Intrepid Stock please use our How to Invest in Intrepid Potash guide.

Moving together with Intrepid Stock

0.77	CF	CF Industries Holdings	Pair Corr
0.74	C4F	CF Industries Holdings	Pair Corr
0.89	MOS	Mosaic	Pair Corr
0.92	SMG	Scotts Miracle Gro	Pair Corr
0.82	KNTK	Kinetik Holdings	Pair Corr
0.73	GOOD	Gladstone Commercial	Pair Corr
0.74	TFLM	TFLM	Pair Corr
0.67	BNKHF	BOC Hong Kong	Pair Corr
0.76	RILYL	B Riley Financial	Pair Corr

Moving against Intrepid Stock

0.53	ADVWW	Advantage Solutions	Pair Corr
0.52	GCMGW	GCM Grosvenor	Pair Corr
0.48	MMSI	Merit Medical Systems	Pair Corr
0.67	BROGF	BROGF	Pair Corr
0.32	AVIJF	AviChina Industry	Pair Corr

Related Correlations Analysis

	ABAT	LZM	THM	DVS	VHI	NMG	HYMC	LVRO	CLW	NEWP
ABAT		0.74	0.5	0.55	0.59	0.49	0.49	0.33	0.51	0.54	ABAT
LZM	0.74		0.83	0.72	0.73	0.18	0.88	0.3	0.32	0.72	LZM
THM	0.5	0.83		0.76	0.63	0.1	0.91	0.03	0.1	0.71	THM
DVS	0.55	0.72	0.76		0.44	0.32	0.76	-0.12	0.15	0.86	DVS
VHI	0.59	0.73	0.63	0.44		0.13	0.58	0.54	0.18	0.36	VHI
NMG	0.49	0.18	0.1	0.32	0.13		0.08	-0.02	0.44	0.12	NMG
HYMC	0.49	0.88	0.91	0.76	0.58	0.08		0.04	0.15	0.73	HYMC
LVRO	0.33	0.3	0.03	-0.12	0.54	-0.02	0.04		0.07	-0.21	LVRO
CLW	0.51	0.32	0.1	0.15	0.18	0.44	0.15	0.07		0.28	CLW
NEWP	0.54	0.72	0.71	0.86	0.36	0.12	0.73	-0.21	0.28		NEWP
	ABAT	LZM	THM	DVS	VHI	NMG	HYMC	LVRO	CLW	NEWP

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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

HYMC	+ 0.91	THM
HYMC	+ 0.88	LZM
NEWP	+ 0.86	DVS
THM	+ 0.83	LZM
DVS	+ 0.76	THM
HYMC	+ 0.76	DVS

High negative correlations

NEWP	- 0.21	LVRO
LVRO	- 0.12	DVS
LVRO	- 0.02	NMG

Risk-Adjusted Indicators

There is a big difference between Intrepid Stock performing well and Intrepid Potash 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 Intrepid Potash'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
ABAT	5.94	(0.21)	0.00	(0.03)	0.00	0.00	10.78	(9.63)	35.69
LZM	3.00	(0.01)	0.01	0.05	3.94	(3.31)	7.99	(6.44)	21.24
THM	4.44	0.64	0.15	0.56	3.95	(6.58)	13.61	(7.41)	29.38
DVS	3.29	0.44	0.10	0.40	3.99	(3.45)	8.09	(6.37)	26.95
VHI	3.06	0.15	0.06	0.13	3.06	(3.53)	8.56	(4.64)	16.93
NMG	4.01	(0.34)	0.00	(0.25)	0.00	0.00	7.39	(12.36)	29.51
HYMC	6.59	2.91	0.40	(4.02)	4.98	(7.44)	19.48	(8.85)	67.66
LVRO	7.65	0.81	0.13	0.33	6.31	(13.00)	14.81	(13.33)	160.48
CLW	2.00	(0.13)	0.00	(0.02)	0.00	0.00	4.90	(3.34)	15.05
NEWP	3.86	0.90	0.20	0.50	3.97	(4.51)	11.55	(7.45)	28.58

Intrepid Potash Corporate Management

Erica Wyatt	Chief Human Resource Officer	Profile
Edward Stone	Pres COO	Profile
Robert Baldridge	Senior Vice President - New Mexico	Profile
Evan CFA	Investor Manager	Profile
Mary Mcbride	Independent Director	Profile

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