Olin Correlations

OLN Stock

USD 33.77 0.29 0.87%

The current 90-days correlation between Olin and Select Energy Services is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Olin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olin Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Olin Correlation With Market

Average diversification

The correlation between Olin Corp. and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Olin Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Olin Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Olin Stock

0.79	X	United States Steel	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.7	AG	First Majestic Silver Buyout Trend	Pair Corr
0.88	IE	Ivanhoe Electric	Pair Corr
0.72	MT	ArcelorMittal SA ADR	Pair Corr
0.63	OR	Osisko Gold Ro	Pair Corr
0.77	RS	Reliance Steel Aluminum	Pair Corr
0.63	SA	Seabridge Gold	Pair Corr
0.75	TX	Ternium SA ADR	Pair Corr
0.77	WS	Worthington Steel	Pair Corr
0.82	HYMCL	Hycroft Mining Holding	Pair Corr
0.62	BAK	Braskem SA Class	Pair Corr
0.9	CLF	Cleveland Cliffs Aggressive Push	Pair Corr
0.73	CMC	Commercial Metals	Pair Corr
0.66	DRD	DRDGOLD Limited ADR	Pair Corr
0.9	FCX	Freeport McMoran Copper Earnings Call This Week	Pair Corr
0.71	FSM	Fortuna Silver Mines	Pair Corr
0.68	GAU	Galiano Gold	Pair Corr
0.69	GGB	Gerdau SA ADR	Pair Corr

Moving against Olin Stock

0.61	MSB	Mesabi Trust	Pair Corr
0.5	HLP	Hongli Group Ordinary	Pair Corr

Related Correlations Analysis

	WTTR	WLK	SXT	AXTA	KWR	RPM	ASH	MTX	DD	EMN
WTTR		-0.45	-0.04	0.41	-0.07	0.41	-0.64	0.43	-0.26	-0.35	WTTR
WLK	-0.45		0.78	0.47	0.81	0.46	0.95	0.48	0.93	0.96	WLK
SXT	-0.04	0.78		0.77	0.91	0.81	0.69	0.82	0.92	0.84	SXT
AXTA	0.41	0.47	0.77		0.78	0.92	0.32	0.87	0.67	0.56	AXTA
KWR	-0.07	0.81	0.91	0.78		0.74	0.7	0.79	0.87	0.81	KWR
RPM	0.41	0.46	0.81	0.92	0.74		0.31	0.9	0.69	0.6	RPM
ASH	-0.64	0.95	0.69	0.32	0.7	0.31		0.31	0.86	0.89	ASH
MTX	0.43	0.48	0.82	0.87	0.79	0.9	0.31		0.67	0.58	MTX
DD	-0.26	0.93	0.92	0.67	0.87	0.69	0.86	0.67		0.95	DD
EMN	-0.35	0.96	0.84	0.56	0.81	0.6	0.89	0.58	0.95		EMN
	WTTR	WLK	SXT	AXTA	KWR	RPM	ASH	MTX	DD	EMN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

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

EMN	+ 0.96	WLK
ASH	+ 0.95	WLK
EMN	+ 0.95	DD
DD	+ 0.93	WLK
DD	+ 0.92	SXT
RPM	+ 0.92	AXTA

High negative correlations

ASH	- 0.64	WTTR
WLK	- 0.45	WTTR
EMN	- 0.35	WTTR
DD	- 0.26	WTTR
KWR	- 0.07	WTTR
SXT	- 0.04	WTTR

Risk-Adjusted Indicators

There is a big difference between Olin Stock performing well and Olin 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 Olin'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
WTTR	2.11	0.35	0.16	0.38	2.00	(2.42)	3.93	(3.56)	30.17
WLK	1.04	(0.30)	0.00	(1.11)	0.00	0.00	1.44	(2.20)	6.57
SXT	1.09	(0.08)	0.00	(0.12)	0.00	0.00	1.92	(2.33)	10.90
AXTA	1.20	(0.03)	0.00	(0.05)	0.00	0.00	2.29	(2.15)	12.01
KWR	1.56	(0.24)	0.00	(0.85)	0.00	0.00	2.99	(2.92)	18.04
RPM	0.88	(0.08)	0.00	(0.15)	0.00	0.00	1.54	(1.47)	7.60
ASH	1.12	(0.29)	0.00	(1.56)	0.00	0.00	1.87	(2.41)	10.48
MTX	1.23	(0.04)	0.00	(0.06)	0.00	0.00	2.83	(2.51)	13.23
DD	0.89	(0.18)	0.00	(0.30)	0.00	0.00	1.34	(2.35)	7.80
EMN	1.00	(0.25)	0.00	(0.70)	0.00	0.00	2.20	(2.57)	7.39

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

2024 Macroaxis LLC