PPG Industries Correlations

PPG Stock

USD 122.68 1.39 1.15%

The current 90-days correlation between PPG Industries and Air Products and is 0.33 (i.e., Weak diversification). The correlation of PPG Industries 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.

PPG Industries Correlation With Market

Very weak diversification

The correlation between PPG Industries and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PPG Industries 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 PPG Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in PPG Stock please use our How to Invest in PPG Industries guide.

Moving together with PPG Stock

0.7	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.69	DNMR	Danimer Scientific	Pair Corr
0.61	ASH	Ashland Global Holdings	Pair Corr
0.69	ECL	Ecolab Inc	Pair Corr
0.71	EMN	Eastman Chemical	Pair Corr
0.67	IFF	International Flavors	Pair Corr
0.81	LIN	Linde plc Ordinary	Pair Corr
0.78	OLN	Olin Fiscal Year End 23rd of January 2025	Pair Corr
0.67	TSE	Trinseo SA	Pair Corr

Moving against PPG Stock

0.47	WDFC	WD 40 Company	Pair Corr
0.45	ECVT	Ecovyst	Pair Corr
0.41	WTTR	Select Energy Services	Pair Corr
0.33	ESI	Element Solutions	Pair Corr
0.53	MEIL	Methes Energies Inte	Pair Corr
0.41	NTIC	Northern Technologies	Pair Corr

Related Correlations Analysis

	APD	LIN	ECL	LYB	SHW	ALB	EMN	FUL	WLK	KWR
APD		0.07	0.42	-0.68	0.43	0.77	0.48	-0.67	-0.47	-0.19	APD
LIN	0.07		0.85	0.53	0.17	-0.26	0.63	0.37	0.58	-0.18	LIN
ECL	0.42	0.85		0.21	0.39	0.09	0.75	0.04	0.31	-0.26	ECL
LYB	-0.68	0.53	0.21		-0.22	-0.63	0.16	0.8	0.9	0.05	LYB
SHW	0.43	0.17	0.39	-0.22		0.44	0.5	0.0	-0.02	0.48	SHW
ALB	0.77	-0.26	0.09	-0.63	0.44		0.34	-0.59	-0.38	0.11	ALB
EMN	0.48	0.63	0.75	0.16	0.5	0.34		-0.06	0.43	-0.06	EMN
FUL	-0.67	0.37	0.04	0.8	0.0	-0.59	-0.06		0.7	0.48	FUL
WLK	-0.47	0.58	0.31	0.9	-0.02	-0.38	0.43	0.7		0.15	WLK
KWR	-0.19	-0.18	-0.26	0.05	0.48	0.11	-0.06	0.48	0.15		KWR
	APD	LIN	ECL	LYB	SHW	ALB	EMN	FUL	WLK	KWR

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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

WLK	+ 0.9	LYB
ECL	+ 0.85	LIN
FUL	+ 0.8	LYB
ALB	+ 0.77	APD
EMN	+ 0.75	ECL
WLK	+ 0.7	FUL

High negative correlations

LYB	- 0.68	APD
FUL	- 0.67	APD
ALB	- 0.63	LYB
FUL	- 0.59	ALB
WLK	- 0.47	APD
WLK	- 0.38	ALB

Risk-Adjusted Indicators

There is a big difference between PPG Stock performing well and PPG Industries 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 PPG Industries' 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
APD	0.92	0.26	0.21	1.10	0.55	(1.02)	1.90	(1.38)	10.91
LIN	0.68	(0.09)	0.00	(0.04)	0.00	0.00	1.34	(1.29)	5.01
ECL	0.73	(0.05)	(0.10)	(0.02)	0.93	(0.74)	1.52	(1.11)	4.42
LYB	0.85	(0.29)	0.00	(0.26)	0.00	0.00	1.98	(2.13)	5.41
SHW	0.84	0.03	(0.01)	0.14	1.15	(0.98)	1.53	(1.52)	7.77
ALB	2.85	0.32	0.12	0.27	3.02	(3.14)	8.25	(5.63)	20.54
EMN	1.08	0.00	(0.01)	0.08	1.28	(1.16)	2.78	(2.02)	7.31
FUL	1.04	(0.23)	0.00	(0.07)	0.00	0.00	1.79	(2.51)	8.58
WLK	1.16	(0.29)	0.00	(0.13)	0.00	0.00	2.03	(2.32)	8.54
KWR	1.50	(0.15)	(0.02)	0.02	1.84	(1.55)	2.37	(2.62)	18.04

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