Nutrien Correlations

NTR Stock

USD 62.11 1.05 1.66%

The current 90-days correlation between Nutrien and Amrize is 0.06 (i.e., Significant diversification). 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

Modest diversification

The correlation between Nutrien and DJI is 0.27 (i.e., Modest 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 persons.

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

Moving together with Nutrien Stock

0.67	CTVA	Corteva	Pair Corr
0.89	FQVLF	First Quantum Minerals	Pair Corr
0.73	FCOB	1st Colonial Bancorp	Pair Corr
0.67	DB	Deutsche Bank AG	Pair Corr

Moving against Nutrien Stock

0.73	ZTLLF	Zonetail	Pair Corr
0.68	GLABF	Gemina Laboratories	Pair Corr
0.64	300387	Hubei Forbon Technology	Pair Corr
0.54	300804	Yingde Greatchem Che	Pair Corr
0.49	AVD	American Vanguard	Pair Corr
0.48	ADVWW	Advantage Solutions	Pair Corr
0.45	ICL	ICL Israel Chemicals	Pair Corr
0.45	MAPSW	WM Technology	Pair Corr
0.44	002215	Shenzhen Noposion	Pair Corr
0.43	PCTTW	PureCycle Technologies	Pair Corr
0.42	GRO	Brazil Potash Corp	Pair Corr
0.36	NSFDF	NXT Energy Solutions	Pair Corr
0.65	NMRD	Nemaura Medical	Pair Corr
0.46	694308HY6	US694308HY69	Pair Corr
0.38	LUMN	Lumen Technologies	Pair Corr

Related Correlations Analysis

	AMRZ	KGC	STLD	MT	PPG	MOS	CF	CTVA	TECK	ICL
AMRZ		0.7	0.89	0.86	0.46	-0.56	-0.67	0.61	0.7	-0.56	AMRZ
KGC	0.7		0.7	0.87	0.46	-0.48	-0.62	0.72	0.67	-0.68	KGC
STLD	0.89	0.7		0.91	0.32	-0.77	-0.82	0.73	0.52	-0.7	STLD
MT	0.86	0.87	0.91		0.49	-0.62	-0.74	0.77	0.62	-0.74	MT
PPG	0.46	0.46	0.32	0.49		0.2	-0.02	0.34	0.65	-0.1	PPG
MOS	-0.56	-0.48	-0.77	-0.62	0.2		0.92	-0.55	-0.09	0.75	MOS
CF	-0.67	-0.62	-0.82	-0.74	-0.02	0.92		-0.56	-0.27	0.8	CF
CTVA	0.61	0.72	0.73	0.77	0.34	-0.55	-0.56		0.43	-0.71	CTVA
TECK	0.7	0.67	0.52	0.62	0.65	-0.09	-0.27	0.43		-0.15	TECK
ICL	-0.56	-0.68	-0.7	-0.74	-0.1	0.75	0.8	-0.71	-0.15		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

CF	+ 0.92	MOS
MT	+ 0.91	STLD
STLD	+ 0.89	AMRZ
MT	+ 0.87	KGC
MT	+ 0.86	AMRZ
ICL	+ 0.8	CF

High negative correlations

CF	- 0.82	STLD
MOS	- 0.77	STLD
ICL	- 0.74	MT
CF	- 0.74	MT
ICL	- 0.71	CTVA
ICL	- 0.7	STLD

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	1.43	0.12	0.10	0.14	1.36	(1.74)	3.46	(2.41)	8.15
KGC	2.25	0.18	0.05	0.22	3.49	(2.10)	5.17	(5.02)	16.75
STLD	1.49	0.27	0.17	0.22	1.51	(1.63)	3.50	(2.78)	8.57
MT	1.50	0.36	0.21	0.34	1.41	(1.77)	3.96	(2.23)	12.02
PPG	1.01	(0.05)	(0.04)	0.00	1.49	(1.05)	2.16	(1.95)	8.02
MOS	1.79	(0.54)	0.00	(0.32)	0.00	0.00	2.78	(5.15)	12.04
CF	1.32	(0.20)	0.00	(0.23)	0.00	0.00	3.16	(2.97)	9.06
CTVA	1.10	(0.02)	(0.02)	0.02	2.11	(1.03)	1.88	(2.36)	9.10
TECK	1.80	0.06	0.04	0.09	2.22	(1.86)	3.33	(4.20)	11.09
ICL	1.83	(0.12)	0.00	(0.05)	0.00	0.00	3.55	(3.68)	22.75

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