Quaker Chemical Correlations

Stocks . USA . 
Stock . Quaker Chemical
KWR Stock  USD 165.13  1.32  0.79%   
The current 90-days correlation between Quaker Chemical and Minerals Technologies is 0.72 (i.e., Poor diversification). The correlation of Quaker Chemical 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.

Quaker Chemical Correlation With Market

Poor diversification

The correlation between Quaker Chemical and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quaker Chemical 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 Quaker Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
To learn how to invest in Quaker Stock, please use our How to Invest in Quaker Chemical guide.

Moving together with Quaker Stock

  0.76KOP Koppers HoldingsPairCorr
  0.63OEC Orion Engineered CarbonsPairCorr
  0.8SCL Stepan CompanyPairCorr

Moving against Quaker Stock

  0.35FF FutureFuel CorpPairCorr
  0.41IFF International FlavorsPairCorr
  0.47GEVO Gevo Inc Buyout TrendPairCorr
  0.35HDSN Hudson TechnologiesPairCorr

Related Correlations Analysis

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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   
IOSP
+ 0.85
MTX
SXT
+ 0.84
CBT
SXT
+ 0.72
ODC
ODC
+ 0.7
MTX
SXT
+ 0.7
IOSP
SXT
+ 0.69
MTX
  
High negative correlations   
FUL
- 0.39
MTX
CBT
- 0.31
FUL
ODC
- 0.17
FUL
SXT
- 0.1
FUL
NTIC
- 0.08
FUL
FUL
- 0.03
IOSP

Risk-Adjusted Indicators

There is a big difference between Quaker Stock performing well and Quaker Chemical 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 Quaker Chemical'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.

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