Kronos Worldwide Correlations

KRO Stock

USD 5.46 0.06 1.09%

The current 90-days correlation between Kronos Worldwide and Gevo Inc is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kronos Worldwide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kronos Worldwide moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kronos Worldwide Correlation With Market

Poor diversification

The correlation between Kronos Worldwide and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kronos Worldwide and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kronos Stock

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

To learn how to invest in Kronos Stock, please use our How to Invest in Kronos Worldwide guide.

Moving together with Kronos Stock

0.89	WLKP	Westlake Chemical	Pair Corr
0.73	CBT	Cabot	Pair Corr
0.9	DOW	Dow Inc Earnings Call Tomorrow	Pair Corr
0.91	LYB	LyondellBasell Industries Earnings Call This Week	Pair Corr
0.77	WLK	Westlake Chemical	Pair Corr
0.68	603002	Epoxy Base Electronic	Pair Corr
0.63	600141	Hubei Xingfa Chemicals	Pair Corr
0.65	300221	Guangdong Silvere Sci	Pair Corr
0.64	000949	Xinxiang Chemical Fiber	Pair Corr
0.61	000635	Ningxia Younglight	Pair Corr
0.63	600346	Hengli Petrochemical	Pair Corr
0.68	300777	Sinofibers Technology	Pair Corr

Moving against Kronos Stock

0.41	300478	Hangzhou Gaoxin Rubber	Pair Corr
0.63	ADVWW	Advantage Solutions	Pair Corr
0.45	MAPSW	WM Technology	Pair Corr
0.44	GCMGW	GCM Grosvenor	Pair Corr
0.35	000819	Yueyang Xingchang Petro	Pair Corr

Related Correlations Analysis

	GEVO	TROX	ASIX	CPAC	LXU	KOP	MATV	GPRE	VHI	ADUR
GEVO		-0.19	0.41	-0.41	-0.07	0.22	-0.41	-0.08	0.3	0.58	GEVO
TROX	-0.19		0.2	0.78	0.49	0.28	0.55	0.62	0.37	0.36	TROX
ASIX	0.41	0.2		0.21	0.03	0.05	-0.33	0.29	0.57	0.54	ASIX
CPAC	-0.41	0.78	0.21		0.13	-0.2	0.43	0.36	0.03	-0.02	CPAC
LXU	-0.07	0.49	0.03	0.13		0.64	0.48	0.61	0.53	0.31	LXU
KOP	0.22	0.28	0.05	-0.2	0.64		0.21	0.45	0.48	0.53	KOP
MATV	-0.41	0.55	-0.33	0.43	0.48	0.21		0.07	-0.15	-0.23	MATV
GPRE	-0.08	0.62	0.29	0.36	0.61	0.45	0.07		0.68	0.52	GPRE
VHI	0.3	0.37	0.57	0.03	0.53	0.48	-0.15	0.68		0.75	VHI
ADUR	0.58	0.36	0.54	-0.02	0.31	0.53	-0.23	0.52	0.75		ADUR
	GEVO	TROX	ASIX	CPAC	LXU	KOP	MATV	GPRE	VHI	ADUR

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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

CPAC	+ 0.78	TROX
ADUR	+ 0.75	VHI
VHI	+ 0.68	GPRE
KOP	+ 0.64	LXU
GPRE	+ 0.62	TROX
GPRE	+ 0.61	LXU

High negative correlations

MATV	- 0.41	GEVO
CPAC	- 0.41	GEVO
MATV	- 0.33	ASIX
ADUR	- 0.23	MATV
KOP	- 0.2	CPAC
TROX	- 0.19	GEVO

Risk-Adjusted Indicators

There is a big difference between Kronos Stock performing well and Kronos Worldwide 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 Kronos Worldwide'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
GEVO	2.70	(0.28)	0.00	(0.10)	0.00	0.00	6.22	(5.66)	16.09
TROX	3.91	0.83	0.32	0.30	2.63	(5.28)	9.38	(5.14)	30.74
ASIX	2.17	(0.31)	0.00	(0.11)	0.00	0.00	4.89	(4.88)	18.89
CPAC	2.61	1.05	0.38	(0.62)	1.68	(3.47)	4.20	(2.74)	57.41
LXU	2.20	0.04	0.03	0.09	2.77	(2.44)	6.16	(4.33)	16.87
KOP	1.54	(0.04)	(0.01)	0.04	1.85	(1.81)	3.56	(3.71)	8.65
MATV	2.29	0.15	0.07	0.19	2.33	(2.69)	3.37	(3.57)	27.72
GPRE	3.10	0.29	0.08	0.31	3.57	(3.57)	7.63	(4.66)	27.29
VHI	2.96	(0.10)	(0.01)	0.02	3.16	(3.42)	7.75	(4.64)	16.93
ADUR	4.19	0.06	0.03	0.10	4.03	(5.16)	12.11	(6.79)	24.03

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