Intrepid Potash Correlations

IPI Stock

USD 34.84 0.84 2.47%

The current 90-days correlation between Intrepid Potash and American Battery Technology is 0.28 (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

Weak diversification

The correlation between Intrepid Potash and DJI is 0.37 (i.e., 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 employment.

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

0.72	CF	CF Industries Holdings	Pair Corr
0.65	OCI	OCI NV	Pair Corr
0.83	GRVO	Graines Voltz SA	Pair Corr
0.72	C4F	CF Industries Holdings	Pair Corr
0.68	AVD	American Vanguard	Pair Corr
0.67	GRO	Brazil Potash Corp	Pair Corr
0.7	MOS	Mosaic	Pair Corr
0.87	SMG	Scotts Miracle Gro	Pair Corr
0.62	2X0	Corteva	Pair Corr
0.63	SDF	KS Aktiengesellschaft	Pair Corr
0.63	SDF1	KS Aktiengesellschaft	Pair Corr
0.74	9T7	EDEN RESEARCH PLC Earnings Call This Week	Pair Corr
0.63	SDF	KS Aktiengesellschaft	Pair Corr
0.63	80Y	WYNNSTAY GROUP PLC	Pair Corr

Moving against Intrepid Stock

0.89	ENFY	Enlightify	Pair Corr
0.67	7HM	HARVEST MINERALS LTD	Pair Corr
0.5	PWN	Parkway Corporate	Pair Corr
0.43	TGH	Terragen Holdings	Pair Corr
0.85	NITO	N2OFF Inc Symbol Change	Pair Corr
0.81	BIOX	Bioceres Crop Solutions	Pair Corr
0.58	RLF	RLF Agtech	Pair Corr
0.55	MAPSW	WM Technology	Pair Corr
0.46	ADVWW	Advantage Solutions	Pair Corr
0.43	KRN	Karnalyte Resources	Pair Corr

Related Correlations Analysis

	ABAT	LZM	THM	DVS	VHI	NMG	HYMC	LVRO	CLW	NEWP
ABAT		0.76	-0.14	0.47	0.24	0.56	0.37	0.46	0.68	-0.19	ABAT
LZM	0.76		0.17	0.6	0.55	0.15	0.76	0.53	0.43	-0.02	LZM
THM	-0.14	0.17		0.39	0.41	-0.41	0.41	0.13	-0.53	0.77	THM
DVS	0.47	0.6	0.39		0.16	0.34	0.52	0.23	0.05	0.4	DVS
VHI	0.24	0.55	0.41	0.16		-0.42	0.71	0.37	-0.03	0.04	VHI
NMG	0.56	0.15	-0.41	0.34	-0.42		-0.29	0.17	0.53	-0.25	NMG
HYMC	0.37	0.76	0.41	0.52	0.71	-0.29		0.11	-0.05	0.19	HYMC
LVRO	0.46	0.53	0.13	0.23	0.37	0.17	0.11		0.37	-0.11	LVRO
CLW	0.68	0.43	-0.53	0.05	-0.03	0.53	-0.05	0.37		-0.45	CLW
NEWP	-0.19	-0.02	0.77	0.4	0.04	-0.25	0.19	-0.11	-0.45		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

NEWP	+ 0.77	THM
LZM	+ 0.76	ABAT
HYMC	+ 0.76	LZM
HYMC	+ 0.71	VHI
CLW	+ 0.68	ABAT
DVS	+ 0.6	LZM

High negative correlations

CLW	- 0.53	THM
NEWP	- 0.45	CLW
NMG	- 0.42	VHI
NMG	- 0.41	THM
HYMC	- 0.29	NMG
NEWP	- 0.25	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	4.98	0.04	0.04	0.13	5.50	(5.32)	10.78	(8.92)	38.57
LZM	2.80	0.17	0.07	0.20	3.42	(3.11)	7.38	(5.63)	21.24
THM	4.74	0.78	0.18	0.39	4.79	(6.45)	13.22	(9.13)	29.38
DVS	3.29	0.10	0.02	0.24	4.85	(3.15)	7.35	(8.40)	21.05
VHI	2.82	0.05	0.06	0.13	3.09	(3.04)	7.75	(5.31)	19.23
NMG	3.73	(0.07)	(0.01)	0.03	5.63	(3.89)	6.94	(10.70)	24.20
HYMC	6.94	2.93	0.37	18.54	5.54	(7.88)	21.07	(11.53)	67.66
LVRO	8.74	(1.63)	0.00	(0.40)	0.00	0.00	14.81	(22.45)	177.78
CLW	2.23	(0.56)	0.00	(0.14)	0.00	0.00	4.45	(5.76)	15.87
NEWP	4.88	1.23	0.22	0.86	4.79	(5.81)	11.55	(8.05)	28.62

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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