Arcelormittal Correlations
| MTCNDelisted Stock | USD 61.83 0.06 0.1% |
The current 90-days correlation between Arcelormittal and Affiliated Managers Group is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arcelormittal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arcelormittal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Arcelormittal Correlation With Market
Good diversification
The correlation between Arcelormittal and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcelormittal and DJI in the same portfolio, assuming nothing else is changed.
Arcelormittal |
Moving together with Arcelormittal Stock
Moving against Arcelormittal Stock
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Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Arcelormittal Stock performing well and Arcelormittal 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 Arcelormittal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MGR | 0.44 | 0.01 | (0.18) | (0.09) | 0.60 | 0.77 | 2.85 | |||
| MHNC | 0.87 | 0.05 | (0.06) | (0.09) | 1.37 | 2.43 | 8.01 | |||
| KTN | 0.42 | 0.01 | (0.14) | (2.97) | 0.68 | 0.81 | 4.02 | |||
| MGRB | 0.72 | 0.00 | 0.00 | 0.12 | 0.00 | 1.12 | 3.76 | |||
| KTH | 0.93 | 0.09 | (0.03) | (0.50) | 1.14 | 3.35 | 7.06 |
Arcelormittal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Arcelormittal stock to make a market-neutral strategy. Peer analysis of Arcelormittal could also be used in its relative valuation, which is a method of valuing Arcelormittal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Arcelormittal?
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