Linde Plc Correlations

LIN Stock

USD 498.51 9.76 1.92%

The current 90-days correlation between Linde plc Ordinary and Sherwin Williams Co is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Linde Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Linde plc Ordinary moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Linde Plc Correlation With Market

Poor diversification

The correlation between Linde plc Ordinary and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Linde plc Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Linde Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Linde plc Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Linde Stock

0.8	APD	Air Products	Pair Corr
0.83	ATCOL	Atlas Corp	Pair Corr
0.82	PGC	Peapack Gladstone	Pair Corr
0.94	GOLD	Gold Inc Symbol Change	Pair Corr
0.93	MT	ArcelorMittal SA ADR	Pair Corr
0.72	MDDVF	Medical Developments	Pair Corr
0.75	FOXF	Fox Factory Holding	Pair Corr
0.88	ASML	ASML Holding NV	Pair Corr
0.78	PNC	PNC Financial Services	Pair Corr
0.66	BILI	Bilibili	Pair Corr
0.7	WGO	Winnebago Industries	Pair Corr
0.75	YITYY	Yit Oyj ADR	Pair Corr
0.82	NNBR	NN Inc Earnings Call This Week	Pair Corr
0.72	NEE-PN	Nextera Energy	Pair Corr
0.9	IOBCF	Ion Beam Applications	Pair Corr
0.93	LPG	Dorian LPG	Pair Corr
0.79	ELTLF	Elementos Limited	Pair Corr
0.89	TOELY	Tokyo Electron Downward Rally	Pair Corr
0.83	FGFI	First Greenwich Financial	Pair Corr
0.73	FGMC	FG Merger II	Pair Corr
0.9	SW	Smurfit WestRock plc	Pair Corr
0.79	KGC	Kinross Gold Aggressive Push	Pair Corr
0.74	CET	Central Securities	Pair Corr

Moving against Linde Stock

0.86	GCMGW	GCM Grosvenor	Pair Corr
0.83	ADVWW	Advantage Solutions	Pair Corr
0.7	NTNX	Nutanix Earnings Call This Week	Pair Corr
0.68	HGAS	Global Gas	Pair Corr
0.66	MAPSW	WM Technology	Pair Corr
0.6	PCTTW	PureCycle Technologies	Pair Corr
0.37	GOEVW	Canoo Holdings	Pair Corr

Related Correlations Analysis

	APD	SHW	ECL	SCCO	SQM	ESI	FUL	SXT	HWKN	AVNT
APD		0.94	0.89	0.8	0.41	0.78	0.77	0.27	0.02	0.85	APD
SHW	0.94		0.88	0.85	0.52	0.8	0.75	0.25	0.1	0.87	SHW
ECL	0.89	0.88		0.86	0.49	0.92	0.76	0.2	0.15	0.95	ECL
SCCO	0.8	0.85	0.86		0.74	0.88	0.75	0.2	0.32	0.93	SCCO
SQM	0.41	0.52	0.49	0.74		0.51	0.41	0.24	0.63	0.6	SQM
ESI	0.78	0.8	0.92	0.88	0.51		0.76	0.05	0.3	0.94	ESI
FUL	0.77	0.75	0.76	0.75	0.41	0.76		0.24	0.32	0.82	FUL
SXT	0.27	0.25	0.2	0.2	0.24	0.05	0.24		0.22	0.12	SXT
HWKN	0.02	0.1	0.15	0.32	0.63	0.3	0.32	0.22		0.3	HWKN
AVNT	0.85	0.87	0.95	0.93	0.6	0.94	0.82	0.12	0.3		AVNT
	APD	SHW	ECL	SCCO	SQM	ESI	FUL	SXT	HWKN	AVNT

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Linde Stock performing well and Linde Plc 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 Linde Plc'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
APD	1.30	0.08	0.02	0.22	2.07	(1.32)	2.58	(2.24)	11.95
SHW	1.02	0.05	0.02	0.17	1.12	(1.04)	2.69	(2.13)	6.63
ECL	0.87	0.17	0.14	0.37	0.64	(0.97)	2.03	(1.47)	4.92
SCCO	2.32	0.83	0.21	0.89	2.90	(2.42)	4.92	(4.20)	20.79
SQM	2.24	0.36	0.10	0.77	2.79	(2.36)	5.38	(4.33)	13.88
ESI	1.91	0.49	0.30	0.37	1.48	(2.35)	4.59	(2.38)	12.50
FUL	1.37	0.14	0.10	0.23	1.36	(1.64)	3.51	(2.39)	8.23
SXT	1.37	(0.02)	(0.02)	0.09	1.76	(1.46)	2.90	(2.57)	8.59
HWKN	1.70	0.22	0.09	0.30	2.42	(1.81)	3.86	(4.03)	14.80
AVNT	1.38	0.51	0.39	0.58	0.71	(1.67)	3.71	(1.78)	8.89

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC