Stepan Correlations

SCL Stock

USD 56.34 0.20 0.36%

The current 90-days correlation between Stepan Company and REX American Resources is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stepan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stepan Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stepan Correlation With Market

Very poor diversification

The correlation between Stepan Company and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stepan Company and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stepan Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stepan Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Stepan Stock

0.92	CE	Celanese	Pair Corr
0.92	ALB	Albemarle Corp Downward Rally	Pair Corr
0.72	ECL	Ecolab Inc	Pair Corr
0.67	FUL	H B Fuller	Pair Corr
0.79	IFF	International Flavors	Pair Corr
0.89	KWR	Quaker Chemical	Pair Corr
0.64	603663	Sanxiang Advanced	Pair Corr
0.96	MTX	Minerals Technologies Earnings Call Tomorrow	Pair Corr
0.88	600309	Wanhua Chemical Group	Pair Corr
0.61	002476	Shandong Polymer Bio	Pair Corr
0.75	301193	Ningbo Homelink Eco	Pair Corr
0.82	688378	Jilin OLED Material	Pair Corr
0.61	300905	Poly Plastic Masterbatch	Pair Corr
0.89	300285	Shandong Sinocera Func	Pair Corr
0.7	RYAM	Rayonier Advanced	Pair Corr
0.87	AVNT	Avient Corp	Pair Corr
0.89	AXTA	Axalta Coating Systems Earnings Call This Week	Pair Corr

Moving against Stepan Stock

0.83	NEU	NewMarket	Pair Corr
0.53	688363	Bloomage Biotechnology Co	Pair Corr
0.45	603255	Liaoning Dingjide	Pair Corr
0.83	GCMGW	GCM Grosvenor	Pair Corr
0.77	ADVWW	Advantage Solutions	Pair Corr
0.69	MAPSW	WM Technology	Pair Corr
0.62	600985	Huaibei Mining Holdings	Pair Corr
0.61	603826	Fujian Kuncai Material	Pair Corr
0.47	PTAIF	PT Astra International	Pair Corr
0.35	300261	Aba Chemicals Corp	Pair Corr
0.35	PCTTW	PureCycle Technologies	Pair Corr
0.33	GOEVW	Canoo Holdings	Pair Corr

Related Correlations Analysis

	REX	ECVT	BAK	ODC	GSM	ASPI	UAN	GPRE	MUX	KOP
REX		0.58	0.5	-0.11	0.23	-0.39	0.38	0.28	0.45	0.2	REX
ECVT	0.58		0.73	-0.21	0.57	-0.33	0.84	0.54	0.82	0.11	ECVT
BAK	0.5	0.73		0.01	0.24	-0.28	0.66	0.54	0.73	0.28	BAK
ODC	-0.11	-0.21	0.01		-0.06	0.65	-0.04	0.48	0.16	0.51	ODC
GSM	0.23	0.57	0.24	-0.06		0.12	0.37	0.53	0.71	0.19	GSM
ASPI	-0.39	-0.33	-0.28	0.65	0.12		-0.16	0.34	0.06	0.19	ASPI
UAN	0.38	0.84	0.66	-0.04	0.37	-0.16		0.6	0.66	0.09	UAN
GPRE	0.28	0.54	0.54	0.48	0.53	0.34	0.6		0.74	0.45	GPRE
MUX	0.45	0.82	0.73	0.16	0.71	0.06	0.66	0.74		0.31	MUX
KOP	0.2	0.11	0.28	0.51	0.19	0.19	0.09	0.45	0.31		KOP
	REX	ECVT	BAK	ODC	GSM	ASPI	UAN	GPRE	MUX	KOP

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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

UAN	+ 0.84	ECVT
MUX	+ 0.82	ECVT
MUX	+ 0.74	GPRE
BAK	+ 0.73	ECVT
MUX	+ 0.73	BAK
MUX	+ 0.71	GSM

High negative correlations

ASPI	- 0.39	REX
ASPI	- 0.33	ECVT
ASPI	- 0.28	BAK
ODC	- 0.21	ECVT
UAN	- 0.16	ASPI
ODC	- 0.11	REX

Risk-Adjusted Indicators

There is a big difference between Stepan Stock performing well and Stepan 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 Stepan'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
REX	1.30	0.05	0.02	0.12	1.61	(1.34)	2.78	(2.66)	8.84
ECVT	1.58	0.35	0.18	0.30	1.69	(1.80)	3.31	(2.86)	13.76
BAK	3.12	0.59	0.21	0.35	2.75	(3.84)	8.68	(4.87)	27.76
ODC	1.64	(0.10)	0.00	(0.05)	0.00	0.00	3.16	(3.03)	15.64
GSM	2.47	(0.01)	(0.01)	0.05	3.28	(2.53)	5.66	(5.47)	19.69
ASPI	4.81	(0.23)	(0.01)	0.00	5.98	(5.30)	16.16	(10.29)	28.83
UAN	1.31	0.27	0.06	(1.43)	2.62	(1.38)	3.68	(1.72)	18.65
GPRE	3.10	0.29	0.08	0.31	3.57	(3.57)	7.63	(4.66)	27.29
MUX	2.73	0.50	0.15	0.50	3.19	(3.07)	6.49	(4.81)	14.79
KOP	1.54	(0.04)	(0.01)	0.04	1.85	(1.81)	3.56	(3.71)	8.65

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