Intrepid Potash Correlations

IPI Stock

USD 28.44 0.72 2.60%

The current 90-days correlation between Intrepid Potash and American Battery Technology is 0.25 (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

Very weak diversification

The correlation between Intrepid Potash and DJI is 0.47 (i.e., Very weak 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 main economic indicators.

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

0.61	CF	CF Industries Holdings	Pair Corr
0.68	RKLB	Rocket Lab USA Buyout Trend	Pair Corr

Moving against Intrepid Stock

0.62	600423	Liuzhou Chemical Industry	Pair Corr
0.46	002556	Anhui Huilong Agricu	Pair Corr
0.45	UAN	CVR Partners LP	Pair Corr
0.44	ATCOL	Atlas Corp	Pair Corr
0.43	000422	Hubei Yihua Chemical	Pair Corr
0.4	002258	Lier Chemical	Pair Corr
0.36	002588	Stanley Fertilizer	Pair Corr
0.32	SQM	Sociedad Quimica y	Pair Corr
0.32	ZTLLF	Zonetail	Pair Corr
0.69	NMRD	Nemaura Medical	Pair Corr
0.67	CAH	Cardinal Health	Pair Corr
0.65	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.62	CTOWY	China TowerLimited	Pair Corr
0.61	LCDX	Caliber Imaging Diag	Pair Corr
0.59	FSRL	First Reliance Bancshares	Pair Corr
0.54	DGWPF	Drgerwerk AG	Pair Corr
0.48	LUMN	Lumen Technologies Buyout Trend	Pair Corr
0.47	ARVN	Arvinas	Pair Corr
0.43	CASXF	Casa Minerals	Pair Corr

Related Correlations Analysis

	ABAT	LZM	THM	DVS	VHI	NMG	HYMC	LVRO	CLW	NEWP
ABAT		0.81	0.67	0.31	0.58	0.82	-0.37	0.56	0.52	-0.16	ABAT
LZM	0.81		0.5	0.36	0.81	0.54	-0.33	0.72	0.75	-0.17	LZM
THM	0.67	0.5		0.64	0.15	0.62	0.18	0.0	0.24	0.47	THM
DVS	0.31	0.36	0.64		0.12	0.37	0.37	-0.11	0.35	0.71	DVS
VHI	0.58	0.81	0.15	0.12		0.35	-0.69	0.86	0.84	-0.47	VHI
NMG	0.82	0.54	0.62	0.37	0.35		-0.31	0.33	0.27	-0.02	NMG
HYMC	-0.37	-0.33	0.18	0.37	-0.69	-0.31		-0.71	-0.44	0.79	HYMC
LVRO	0.56	0.72	0.0	-0.11	0.86	0.33	-0.71		0.71	-0.66	LVRO
CLW	0.52	0.75	0.24	0.35	0.84	0.27	-0.44	0.71		-0.2	CLW
NEWP	-0.16	-0.17	0.47	0.71	-0.47	-0.02	0.79	-0.66	-0.2		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

LVRO	+ 0.86	VHI
CLW	+ 0.84	VHI
NMG	+ 0.82	ABAT
LZM	+ 0.81	ABAT
VHI	+ 0.81	LZM
NEWP	+ 0.79	HYMC

High negative correlations

LVRO	- 0.71	HYMC
HYMC	- 0.69	VHI
NEWP	- 0.66	LVRO
NEWP	- 0.47	VHI
CLW	- 0.44	HYMC
HYMC	- 0.37	ABAT

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	8.12	0.04	0.04	0.08	10.04	(8.87)	22.89	(15.63)	73.24
LZM	2.92	(0.38)	0.00	(0.10)	0.00	0.00	7.99	(6.08)	16.60
THM	5.15	0.21	0.05	0.17	5.46	(6.92)	13.37	(9.13)	50.74
DVS	3.34	(0.24)	0.00	(0.04)	0.00	0.00	8.00	(8.40)	22.76
VHI	2.53	(0.33)	0.00	5.23	0.00	0.00	6.10	(5.57)	16.93
NMG	5.17	0.06	0.04	0.09	6.80	(6.04)	9.27	(16.11)	70.67
HYMC	5.53	2.46	0.42	2.18	4.35	(6.42)	15.37	(8.03)	57.36
LVRO	6.29	0.19	0.05	0.15	5.63	(11.30)	8.20	(13.25)	26.41
CLW	1.62	(0.25)	0.00	(0.90)	0.00	0.00	3.75	(3.17)	12.30
NEWP	4.22	0.39	0.07	0.33	5.68	(4.27)	10.33	(8.05)	25.81

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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