Johnson Matthey Correlations
| JMPLFDelisted Stock | USD 20.00 0.00 0.00% |
The current 90-days correlation between Johnson Matthey Plc and Sensient Technologies is -0.06 (i.e., Good diversification). The correlation of Johnson Matthey 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.
Johnson Matthey Correlation With Market
Significant diversification
The correlation between Johnson Matthey Plc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Matthey Plc and DJI in the same portfolio, assuming nothing else is changed.
Johnson |
The ability to find closely correlated positions to Johnson Matthey could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Johnson Matthey when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Johnson Matthey - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Johnson Matthey Plc to buy it.
Moving together with Johnson Pink Sheet
| 0.62 | APD | Air Products | PairCorr |
| 0.63 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.65 | MACAU | Moringa Acquisition Corp | PairCorr |
| 0.62 | AIBBU | AIB Acquisition Corp | PairCorr |
Moving against Johnson Pink Sheet
| 0.63 | RMGCU | RMG Acquisition Corp | PairCorr |
| 0.61 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.47 | PME | Pingtan Marine Enterprise | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Johnson Pink Sheet performing well and Johnson Matthey 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 Johnson Matthey'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOPMF | 1.21 | (0.04) | 0.00 | (0.14) | 0.00 | 3.01 | 9.82 | |||
| SXT | 1.05 | (0.10) | (0.03) | 0.05 | 1.26 | 2.14 | 8.84 | |||
| KOP | 1.53 | (0.21) | (0.06) | 0.01 | 1.73 | 2.07 | 14.45 | |||
| AXTA | 1.21 | 0.10 | 0.07 | 0.22 | 1.19 | 2.81 | 10.92 | |||
| KWR | 1.48 | (0.27) | 0.00 | (0.01) | 0.00 | 2.23 | 18.04 | |||
| MTX | 1.29 | (0.07) | 0.02 | 0.08 | 1.30 | 2.46 | 11.90 | |||
| IOSP | 1.22 | (0.15) | (0.01) | 0.05 | 1.34 | 2.24 | 16.32 | |||
| FUL | 1.04 | (0.27) | 0.00 | (0.06) | 0.00 | 1.76 | 8.58 | |||
| CBT | 1.25 | (0.06) | 0.01 | 0.08 | 1.28 | 2.89 | 10.88 | |||
| ODC | 1.27 | (0.10) | (0.05) | 0.02 | 1.74 | 3.02 | 9.82 |
View Johnson Matthey Related Equities
| Risk & Return | Correlation |
Johnson Matthey Corporate Management
| Ron Gerrard | Health Environment | Profile | |
| Nicholas Cooper | G Sec | Profile | |
| Alexandra French | Sales Director | Profile | |
| Liam Condon | Chief Officer | Profile | |
| Maurits Tol | Chief Officer | Profile | |
| Bedford | Managing Metals | Profile |
Still Interested in Johnson Matthey Plc?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.