Mativ Holdings Correlations

MATV Stock

USD 9.59 0.15 1.59%

The current 90-days correlation between Mativ Holdings and Orion Engineered Carbons is 0.42 (i.e., Very weak diversification). The correlation of Mativ 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.

Mativ Holdings Correlation With Market

Average diversification

The correlation between Mativ Holdings and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mativ 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 Mativ 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 estimate.

For more information on how to buy Mativ Stock please use our How to Invest in Mativ Holdings guide.

Moving together with Mativ Stock

0.81	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.87	DNMR	Danimer Scientific	Pair Corr
0.96	ASH	Ashland Global Holdings	Pair Corr
0.83	CBT	Cabot Earnings Call This Week	Pair Corr
0.64	ECL	Ecolab Inc	Pair Corr
0.82	EMN	Eastman Chemical Earnings Call Today	Pair Corr
0.63	ESI	Element Solutions	Pair Corr
0.79	FUL	H B Fuller	Pair Corr
0.86	IFF	International Flavors	Pair Corr
0.62	KOP	Koppers Holdings	Pair Corr
0.86	KRO	Kronos Worldwide	Pair Corr
0.7	KWR	Quaker Chemical	Pair Corr
0.78	LIN	Linde plc Ordinary	Pair Corr
0.81	LYB	LyondellBasell Industries Earnings Call Tomorrow	Pair Corr
0.66	NEU	NewMarket	Pair Corr
0.81	OLN	Olin	Pair Corr
0.62	PPG	PPG Industries	Pair Corr
0.74	SCL	Stepan Company	Pair Corr
0.8	SSL	Sasol	Pair Corr
0.87	WLK	Westlake Chemical	Pair Corr

Moving against Mativ Stock

0.4	ECVT	Ecovyst	Pair Corr
0.36	FSI	Flexible Solutions	Pair Corr

Related Correlations Analysis

	OEC	WTTR	PRM	FF	ECVT	ESI	MTX	NGVT	HWKN	CBT
OEC		0.52	-0.17	-0.44	0.52	0.77	0.84	0.57	0.86	0.67	OEC
WTTR	0.52		-0.21	-0.67	0.85	0.21	0.47	0.7	0.59	-0.07	WTTR
PRM	-0.17	-0.21		0.55	-0.18	0.17	0.11	0.1	-0.21	0.26	PRM
FF	-0.44	-0.67	0.55		-0.61	0.06	-0.17	-0.39	-0.51	0.26	FF
ECVT	0.52	0.85	-0.18	-0.61		0.32	0.55	0.79	0.51	0.05	ECVT
ESI	0.77	0.21	0.17	0.06	0.32		0.88	0.52	0.54	0.93	ESI
MTX	0.84	0.47	0.11	-0.17	0.55	0.88		0.66	0.73	0.77	MTX
NGVT	0.57	0.7	0.1	-0.39	0.79	0.52	0.66		0.49	0.26	NGVT
HWKN	0.86	0.59	-0.21	-0.51	0.51	0.54	0.73	0.49		0.4	HWKN
CBT	0.67	-0.07	0.26	0.26	0.05	0.93	0.77	0.26	0.4		CBT
	OEC	WTTR	PRM	FF	ECVT	ESI	MTX	NGVT	HWKN	CBT

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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

CBT	+ 0.93	ESI
MTX	+ 0.88	ESI
HWKN	+ 0.86	OEC
ECVT	+ 0.85	WTTR
MTX	+ 0.84	OEC
NGVT	+ 0.79	ECVT

High negative correlations

FF	- 0.67	WTTR
ECVT	- 0.61	FF
HWKN	- 0.51	FF
FF	- 0.44	OEC
NGVT	- 0.39	FF
HWKN	- 0.21	PRM

Risk-Adjusted Indicators

There is a big difference between Mativ Stock performing well and Mativ 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 Mativ 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
OEC	2.15	(0.11)	0.00	1.89	0.00	0.00	4.78	(3.55)	19.27
WTTR	2.05	0.30	0.13	0.46	2.04	(2.35)	3.93	(3.56)	31.07
PRM	1.88	(0.04)	0.00	(8.11)	0.00	0.00	4.30	(3.35)	17.44
FF	1.45	(0.13)	0.00	(0.20)	0.00	0.00	2.79	(2.59)	21.12
ECVT	1.77	0.27	0.14	0.57	1.41	(2.25)	4.55	(2.52)	18.71
ESI	1.00	(0.11)	0.00	(0.28)	0.00	0.00	2.53	(2.07)	7.65
MTX	1.18	(0.04)	(0.05)	(0.01)	1.52	(1.19)	2.21	(2.49)	13.23
NGVT	2.41	0.58	0.23	1.61	1.88	(2.74)	6.21	(3.18)	23.30
HWKN	1.91	(0.10)	0.00	(0.05)	0.00	0.00	3.42	(3.24)	18.07
CBT	1.31	(0.34)	0.00	(1.59)	0.00	0.00	2.55	(2.70)	12.59

Mativ Holdings Corporate Management

Andrew Downard	Chief Officer	Profile
Rajeev Kapur	Chief Officer	Profile
Andrew Wamser	Chief Officer	Profile
Ryan Elwart	Group Solutions	Profile

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