Sherwin Williams Correlations
| SJ3 Stock | EUR 372.25 20.10 5.71% |
The current 90-days correlation between Sherwin Williams and SPARTAN STORES is 0.19 (i.e., Average diversification). The correlation of Sherwin Williams 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.
Sherwin Williams Correlation With Market
Average diversification
The correlation between The Sherwin Williams and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Sherwin Williams and DJI in the same portfolio, assuming nothing else is changed.
Sherwin |
The ability to find closely correlated positions to Sherwin Williams could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sherwin Williams when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sherwin Williams - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Sherwin Williams to buy it.
Moving together with Sherwin Stock
| 0.62 | 6D81 | Dupont De Nemours | PairCorr |
| 0.73 | AMC | Albemarle | PairCorr |
| 0.72 | KM6 | ADHI KARYA | PairCorr |
| 0.73 | TBA | TAMBANG BATUBARA-B- | PairCorr |
Moving against Sherwin Stock
| 0.67 | HX1A | HEXINDO ADIPERKASA | PairCorr |
| 0.54 | SIKB | SIKA AG UNSPADR | PairCorr |
| 0.54 | DLY | LyondellBasell Industries | PairCorr |
| 0.45 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.43 | I41 | INDIKA ENERGY | PairCorr |
| 0.41 | KM6 | ADHI KARYA | PairCorr |
| 0.33 | AIL | Air Liquide SA | PairCorr |
| 0.32 | HX1A | HEXINDO ADIPERKASA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sherwin Stock performing well and Sherwin Williams 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 Sherwin Williams' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GS2C | 2.77 | 0.39 | 0.12 | 0.61 | 2.82 | 9.42 | 21.90 | |||
| H3M | 2.70 | 0.27 | 0.08 | 0.40 | 2.99 | 7.62 | 16.69 | |||
| Z56 | 1.30 | (0.15) | 0.00 | (0.62) | 0.00 | 3.85 | 20.19 | |||
| SRJ | 1.34 | (0.16) | 0.00 | (0.13) | 0.00 | 2.10 | 18.97 | |||
| FR7 | 1.45 | 0.02 | (0.01) | 0.15 | 1.84 | 3.04 | 10.32 | |||
| CTO0 | 1.30 | 0.11 | 0.04 | 0.30 | 1.24 | 2.95 | 7.74 | |||
| BUI | 1.29 | 0.02 | (0.01) | 0.16 | 1.70 | 2.68 | 8.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sherwin Williams without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Sherwin Williams Corporate Management
Elected by the shareholders, the Sherwin Williams' board of directors comprises two types of representatives: Sherwin Williams inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sherwin. The board's role is to monitor Sherwin Williams' management team and ensure that shareholders' interests are well served. Sherwin Williams' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sherwin Williams' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Allen Mistysyn | Sr CFO | Profile | |
| Thomas Gilligan | VP HR | Profile | |
| Mary Garceau | Gen VP | Profile | |
| Karl Schmitt | VP Marketing | Profile | |
| Justin Binns | Pres Group | Profile | |
| Peter Ippolito | Pres Group | Profile | |
| Thomas Hablitzel | VP Accounts | Profile |