Kronos Worldwide Correlations

KRO Stock

USD 6.37 0.16 2.58%

The current 90-days correlation between Kronos Worldwide and Gevo Inc is 0.31 (i.e., Weak 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 0.72 (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 real.

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

Moving together with Kronos Stock

0.75	229	PCC ROKITA SA	Pair Corr
0.68	BANB	Bachem Holding AG	Pair Corr
0.79	BRD	BRASKEM PFD ADR2	Pair Corr
0.78	CXL	CALIX Earnings Call This Week	Pair Corr
0.79	DIK	Denka Limited	Pair Corr
0.9	WLKP	Westlake Chemical Earnings Call This Week	Pair Corr
0.91	BAS	BASF SE	Pair Corr
0.84	KUY	Kuraray	Pair Corr
0.93	G3V	Green Plains	Pair Corr
0.86	BAK	Braskem SA Class	Pair Corr
0.85	CBT	Cabot	Pair Corr
0.97	DOW	Dow Inc	Pair Corr
0.89	KOP	Koppers Holdings Earnings Call Next Week	Pair Corr
0.97	LYB	LyondellBasell Industries Sell-off Trend	Pair Corr
0.92	OEC	Orion Engineered Carbons Upward Rally	Pair Corr
0.92	OLN	Olin	Pair Corr
0.88	VVV	Valvoline	Pair Corr
0.9	WLK	Westlake Chemical Earnings Call This Week	Pair Corr
0.77	LIN	Linde plc	Pair Corr
0.88	KEM	Kemira Oyj	Pair Corr
0.78	NSC	Nissan Chemical	Pair Corr
0.74	SEH	Shin Etsu Chemical	Pair Corr

Moving against Kronos Stock

0.83	OB8	PT Barito Pacific	Pair Corr
0.72	SDV	Scidev Earnings Call This Week	Pair Corr
0.63	X2Z	SKOTAN SA ZY	Pair Corr
0.48	NHE	Noble Helium	Pair Corr
0.41	ALGBE	Glob Bioenergi	Pair Corr
0.32	FMST	Foremost Lithium Resource	Pair Corr
0.79	ALBKK	Baikowski SASU	Pair Corr
0.5	TSE	Trinseo SA	Pair Corr
0.38	BBJ	Advance NanoTek	Pair Corr

Related Correlations Analysis

	GEVO	TROX	ASIX	CPAC	LXU	KOP	MATV	GPRE	VHI	ADUR
GEVO		-0.48	-0.34	-0.44	-0.38	-0.47	-0.46	-0.59	-0.52	0.47	GEVO
TROX	-0.48		0.76	0.73	0.57	0.76	0.76	0.9	0.91	0.19	TROX
ASIX	-0.34	0.76		0.74	0.27	0.47	0.73	0.6	0.61	0.02	ASIX
CPAC	-0.44	0.73	0.74		0.2	0.23	0.38	0.53	0.51	0.12	CPAC
LXU	-0.38	0.57	0.27	0.2		0.65	0.57	0.68	0.72	0.22	LXU
KOP	-0.47	0.76	0.47	0.23	0.65		0.87	0.86	0.81	-0.07	KOP
MATV	-0.46	0.76	0.73	0.38	0.57	0.87		0.8	0.77	-0.14	MATV
GPRE	-0.59	0.9	0.6	0.53	0.68	0.86	0.8		0.91	0.0	GPRE
VHI	-0.52	0.91	0.61	0.51	0.72	0.81	0.77	0.91		0.2	VHI
ADUR	0.47	0.19	0.02	0.12	0.22	-0.07	-0.14	0.0	0.2		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

VHI	+ 0.91	TROX
VHI	+ 0.91	GPRE
GPRE	+ 0.9	TROX
MATV	+ 0.87	KOP
GPRE	+ 0.86	KOP
VHI	+ 0.81	KOP

High negative correlations

GPRE	- 0.59	GEVO
VHI	- 0.52	GEVO
TROX	- 0.48	GEVO
KOP	- 0.47	GEVO
MATV	- 0.46	GEVO
CPAC	- 0.44	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	2.74	(0.13)	0.00	(0.24)	0.00	0.00	6.22	(5.80)	16.93
TROX	4.20	1.32	0.34	8.65	3.20	(5.12)	9.43	(6.54)	34.47
ASIX	2.04	0.17	0.06	0.47	2.46	(2.24)	5.05	(4.37)	12.20
CPAC	2.64	0.89	0.32	(1.09)	1.90	(3.36)	3.76	(3.42)	57.41
LXU	2.10	0.12	0.03	(1.74)	2.57	(2.24)	4.68	(5.18)	12.44
KOP	1.48	0.34	0.19	(2.79)	1.33	(1.71)	3.34	(2.53)	8.65
MATV	2.02	0.16	0.05	(1.91)	2.21	(2.25)	4.15	(3.52)	10.34
GPRE	2.73	0.42	0.12	8.07	3.07	(2.99)	5.84	(5.05)	19.59
VHI	2.94	0.22	0.05	(0.38)	3.22	(3.25)	7.75	(5.31)	19.23
ADUR	4.36	0.05	0.00	(4.67)	4.41	(5.58)	12.11	(7.07)	26.37

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