Trinseo SA Correlations

TSE Stock

USD 4.35 0.29 6.25%

The current 90-days correlation between Trinseo SA and Kronos Worldwide is 0.22 (i.e., Modest diversification). The correlation of Trinseo SA 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.

Trinseo SA Correlation With Market

Good diversification

The correlation between Trinseo SA and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trinseo SA and DJI in the same portfolio, assuming nothing else is changed.

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

For information on how to trade Trinseo Stock refer to our How to Trade Trinseo Stock guide.

Moving against Trinseo Stock

0.61	ECVT	Ecovyst	Pair Corr
0.57	ESI	Element Solutions	Pair Corr
0.43	FSI	Flexible Solutions Trending	Pair Corr
0.42	ALB-PA	Albemarle	Pair Corr
0.42	ALB	Albemarle Corp	Pair Corr
0.38	MTX	Minerals Technologies	Pair Corr
0.34	KOP	Koppers Holdings	Pair Corr
0.55	NGVT	Ingevity Corp Trending	Pair Corr
0.48	AXTA	Axalta Coating Systems	Pair Corr
0.4	IOSP	Innospec	Pair Corr
0.31	RPM	RPM International	Pair Corr
0.31	BCPC	Balchem	Pair Corr

Related Correlations Analysis

	PRM	KRO	SXT	ESI	KWR	RPM	ASH	MTX	IOSP	FUL
PRM		0.49	0.4	0.13	0.31	0.14	0.51	0.18	0.11	0.37	PRM
KRO	0.49		0.82	0.48	0.88	0.61	0.9	0.54	0.41	0.88	KRO
SXT	0.4	0.82		0.71	0.91	0.87	0.69	0.81	0.72	0.94	SXT
ESI	0.13	0.48	0.71		0.7	0.77	0.25	0.8	0.75	0.59	ESI
KWR	0.31	0.88	0.91	0.7		0.81	0.69	0.78	0.72	0.91	KWR
RPM	0.14	0.61	0.87	0.77	0.81		0.43	0.92	0.85	0.84	RPM
ASH	0.51	0.9	0.69	0.25	0.69	0.43		0.29	0.12	0.79	ASH
MTX	0.18	0.54	0.81	0.8	0.78	0.92	0.29		0.93	0.74	MTX
IOSP	0.11	0.41	0.72	0.75	0.72	0.85	0.12	0.93		0.62	IOSP
FUL	0.37	0.88	0.94	0.59	0.91	0.84	0.79	0.74	0.62		FUL
	PRM	KRO	SXT	ESI	KWR	RPM	ASH	MTX	IOSP	FUL

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Risk-Adjusted Indicators

There is a big difference between Trinseo Stock performing well and Trinseo SA 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 Trinseo SA'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
PRM	1.78	0.08	0.02	1.31	3.17	(1.63)	4.30	(3.32)	17.44
KRO	1.33	(0.36)	0.00	(0.50)	0.00	0.00	2.30	(3.28)	15.58
SXT	1.07	(0.09)	0.00	(0.16)	0.00	0.00	1.92	(2.33)	10.90
ESI	1.16	0.00	0.00	(0.02)	1.25	(1.48)	3.08	(1.95)	13.05
KWR	1.52	(0.27)	0.00	(1.31)	0.00	0.00	2.45	(2.92)	18.04
RPM	0.85	(0.07)	0.00	(0.18)	0.00	0.00	1.54	(1.47)	7.60
ASH	1.13	(0.28)	0.00	(2.09)	0.00	0.00	1.87	(2.41)	10.48
MTX	1.24	(0.02)	0.00	(0.05)	0.00	0.00	2.83	(2.51)	13.23
IOSP	1.20	0.01	0.01	0.02	1.53	(1.18)	2.24	(2.20)	16.32
FUL	1.16	(0.35)	0.00	(0.60)	0.00	0.00	1.72	(3.00)	14.20

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Trinseo SA Correlations

Trinseo SA Correlation With Market

Good diversification

Moving against Trinseo Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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