Koppers Holdings Correlations

KOP Stock

USD 30.14 0.18 0.60%

The current 90-days correlation between Koppers Holdings and H B Fuller is 0.37 (i.e., Weak diversification). The correlation of Koppers Holdings 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.

Koppers Holdings Correlation With Market

Very weak diversification

The correlation between Koppers Holdings and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Koppers Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Koppers Holdings. 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.

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

Moving together with Koppers Stock

0.69	CC	Chemours Downward Rally	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.91	WDFC	WD 40 Company	Pair Corr
0.71	WTTR	Select Energy Services Earnings Call This Week	Pair Corr
0.91	ALB-PA	Albemarle	Pair Corr
0.91	ALB	Albemarle Corp	Pair Corr
0.9	ASH	Ashland Global Holdings	Pair Corr
0.96	CBT	Cabot	Pair Corr
0.81	CMT	Core Molding Technologies	Pair Corr
0.94	ESI	Element Solutions Earnings Call This Week	Pair Corr
0.92	FUL	H B Fuller	Pair Corr
0.79	IFF	International Flavors Earnings Call This Week	Pair Corr
0.91	KRO	Kronos Worldwide	Pair Corr
0.91	KWR	Quaker Chemical	Pair Corr
0.78	LYB	LyondellBasell Industries	Pair Corr
0.91	MTX	Minerals Technologies	Pair Corr
0.66	NEU	NewMarket	Pair Corr
0.92	OEC	Orion Engineered Carbons	Pair Corr
0.73	PPG	PPG Industries Sell-off Trend	Pair Corr
0.92	RPM	RPM International	Pair Corr
0.93	SCL	Stepan Company Earnings Call This Week	Pair Corr
0.82	SHW	Sherwin Williams	Pair Corr
0.75	SSL	Sasol	Pair Corr
0.96	WLK	Westlake Chemical Earnings Call This Week	Pair Corr

Moving against Koppers Stock

0.88	ODC	Oil Dri	Pair Corr
0.49	FSI	Flexible Solutions Upward Rally	Pair Corr
0.66	ALTO	Alto Ingredients	Pair Corr
0.55	ALTM	Arcadium Lithium plc Aggressive Push	Pair Corr
0.53	GEVO	Gevo Inc	Pair Corr
0.43	TSE	Trinseo SA	Pair Corr

Related Correlations Analysis

	FUL	MTX	KWR	ODC	SXT	IOSP	NTIC	OEC
FUL		0.91	0.89	-0.76	0.59	0.74	0.72	0.94	FUL
MTX	0.91		0.89	-0.76	0.72	0.89	0.56	0.86	MTX
KWR	0.89	0.89		-0.81	0.76	0.87	0.43	0.81	KWR
ODC	-0.76	-0.76	-0.81		-0.55	-0.72	-0.34	-0.76	ODC
SXT	0.59	0.72	0.76	-0.55		0.86	0.03	0.49	SXT
IOSP	0.74	0.89	0.87	-0.72	0.86		0.26	0.67	IOSP
NTIC	0.72	0.56	0.43	-0.34	0.03	0.26		0.75	NTIC
OEC	0.94	0.86	0.81	-0.76	0.49	0.67	0.75		OEC
	FUL	MTX	KWR	ODC	SXT	IOSP	NTIC	OEC

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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

OEC	+ 0.94	FUL
MTX	+ 0.91	FUL
KWR	+ 0.89	FUL
KWR	+ 0.89	MTX
IOSP	+ 0.89	MTX
IOSP	+ 0.87	KWR

High negative correlations

ODC	- 0.81	KWR
OEC	- 0.76	ODC
ODC	- 0.76	MTX
ODC	- 0.76	FUL
IOSP	- 0.72	ODC
SXT	- 0.55	ODC

Risk-Adjusted Indicators

There is a big difference between Koppers Stock performing well and Koppers Holdings 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 Koppers Holdings' 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
FUL	1.13	(0.36)	0.00	(0.44)	0.00	0.00	1.85	(3.00)	9.94
MTX	1.10	(0.21)	0.00	(0.28)	0.00	0.00	1.93	(2.51)	7.44
KWR	1.42	(0.28)	0.00	(0.29)	0.00	0.00	2.46	(2.92)	8.76
ODC	1.57	0.27	0.13	1.86	1.80	(1.74)	2.30	(2.51)	22.38
SXT	1.16	(0.16)	0.00	(0.14)	0.00	0.00	1.92	(2.45)	6.44
IOSP	1.06	(0.17)	0.00	(0.18)	0.00	0.00	2.24	(2.20)	5.97
NTIC	1.94	(0.18)	0.00	(0.77)	0.00	0.00	4.43	(4.30)	13.36
OEC	1.98	(0.10)	0.00	(0.23)	0.00	0.00	4.05	(3.55)	19.27

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