Nutrien Correlations

NTR Stock

USD 70.32 0.09 0.13%

The correlation of Nutrien 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.

Nutrien Correlation With Market

Very weak diversification

The correlation between Nutrien and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nutrien and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nutrien Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutrien. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

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

Moving together with Nutrien Stock

0.74	002258	Lier Chemical	Pair Corr
0.85	IPI	Intrepid Potash	Pair Corr
0.86	SQM	Sociedad Quimica y	Pair Corr
0.62	HUMT	Humatech	Pair Corr
0.66	000792	Qinghai Salt Lake	Pair Corr
0.89	CTVA	Corteva	Pair Corr
0.9	VZLA	Vizsla Resources Corp	Pair Corr

Moving against Nutrien Stock

0.37	600423	Liuzhou Chemical Industry	Pair Corr
0.69	PBCRY	Bank Central Asia	Pair Corr
0.57	MAPSW	WM Technology	Pair Corr
0.55	SSNLF	Samsung Electronics Earnings Call This Week	Pair Corr
0.41	CBDW	1606 Corp	Pair Corr
0.39	PBCRF	PT Bank Central	Pair Corr
0.37	ETNI	Entest Biomedical	Pair Corr
0.36	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	AMRZ	KGC	STLD	MT	PPG	MOS	CF	CTVA	TECK	ICL
AMRZ		0.59	0.82	0.7	0.74	0.16	-0.02	0.54	0.72	-0.12	AMRZ
KGC	0.59		0.78	0.96	0.95	0.48	0.55	0.94	0.9	0.09	KGC
STLD	0.82	0.78		0.88	0.87	0.15	0.11	0.76	0.78	-0.16	STLD
MT	0.7	0.96	0.88		0.96	0.37	0.39	0.93	0.9	0.05	MT
PPG	0.74	0.95	0.87	0.96		0.45	0.46	0.91	0.92	-0.01	PPG
MOS	0.16	0.48	0.15	0.37	0.45		0.88	0.38	0.55	0.61	MOS
CF	-0.02	0.55	0.11	0.39	0.46	0.88		0.47	0.52	0.51	CF
CTVA	0.54	0.94	0.76	0.93	0.91	0.38	0.47		0.88	0.06	CTVA
TECK	0.72	0.9	0.78	0.9	0.92	0.55	0.52	0.88		0.26	TECK
ICL	-0.12	0.09	-0.16	0.05	-0.01	0.61	0.51	0.06	0.26		ICL
	AMRZ	KGC	STLD	MT	PPG	MOS	CF	CTVA	TECK	ICL

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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

MT	+ 0.96	KGC
PPG	+ 0.96	MT
PPG	+ 0.95	KGC
CTVA	+ 0.94	KGC
CTVA	+ 0.93	MT
TECK	+ 0.92	PPG

High negative correlations

ICL	- 0.16	STLD
ICL	- 0.12	AMRZ
CF	- 0.02	AMRZ
ICL	- 0.01	PPG

Risk-Adjusted Indicators

There is a big difference between Nutrien Stock performing well and Nutrien 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 Nutrien'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
AMRZ	1.42	(0.05)	(0.01)	0.03	1.52	(1.66)	3.30	(2.58)	7.17
KGC	2.01	0.78	0.30	0.92	1.78	(2.35)	5.44	(3.39)	12.38
STLD	1.39	0.06	0.04	0.12	1.52	(1.49)	3.50	(2.78)	9.08
MT	1.44	0.54	0.41	0.70	0.78	(1.78)	3.96	(1.54)	6.19
PPG	0.96	0.12	0.10	0.20	0.98	(1.05)	2.31	(1.70)	5.32
MOS	1.84	(0.02)	(0.02)	0.04	2.51	(1.90)	4.05	(4.97)	11.69
CF	1.42	0.13	0.04	0.33	1.82	(1.36)	3.53	(2.93)	7.82
CTVA	0.97	0.18	0.13	0.30	0.91	(1.05)	2.20	(1.41)	5.41
TECK	1.94	0.31	0.15	0.25	2.00	(2.16)	4.10	(3.73)	8.88
ICL	1.61	(0.20)	0.00	(0.25)	0.00	0.00	3.07	(3.62)	21.00

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