CVR Partners Correlations

UAN Stock

USD 82.42 0.04 0.05%

The current 90-days correlation between CVR Partners LP and American Vanguard is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVR Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVR Partners LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CVR Partners Correlation With Market

Average diversification

The correlation between CVR Partners LP and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVR Partners LP 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 CVR Partners LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with CVR Stock

0.79	CF	CF Industries Holdings Sell-off Trend	Pair Corr
0.87	ICL	ICL Israel Chemicals	Pair Corr

Moving against CVR Stock

0.82	BHIL	Benson Hill, Common Trending	Pair Corr
0.78	IE	Ivanhoe Electric	Pair Corr
0.74	LVROW	Lavoro Limited Warrant	Pair Corr
0.72	AG	First Majestic Silver Buyout Trend	Pair Corr
0.71	ENFY	Enlightify Symbol Change	Pair Corr
0.65	CE	Celanese	Pair Corr
0.59	SEED	Origin Agritech	Pair Corr
0.58	EU	enCore Energy Corp	Pair Corr
0.57	HL	Hecla Mining Aggressive Push	Pair Corr
0.56	SMG	Scotts Miracle Gro	Pair Corr
0.54	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.47	FMC	FMC Corporation Earnings Call This Week	Pair Corr
0.46	FF	FutureFuel Corp	Pair Corr
0.35	AA	Alcoa Corp	Pair Corr
0.77	DNMR	Danimer Scientific	Pair Corr
0.75	SA	Seabridge Gold	Pair Corr
0.75	ELBM	Electra Battery Materials	Pair Corr
0.74	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.73	WEBC	Webco Industries	Pair Corr
0.72	VOXR	Vox Royalty Corp	Pair Corr
0.67	TX	Ternium SA ADR	Pair Corr
0.67	HYMCL	Hycroft Mining Holding	Pair Corr

Related Correlations Analysis

	CF	MOS	AVD	ICL	NTR	IPI	CTVA	FMC
CF		0.31	0.11	0.77	0.59	0.33	0.41	-0.19	CF
MOS	0.31		0.48	0.19	0.82	0.74	0.72	0.64	MOS
AVD	0.11	0.48		-0.24	0.17	0.79	0.44	0.63	AVD
ICL	0.77	0.19	-0.24		0.61	-0.04	0.32	-0.48	ICL
NTR	0.59	0.82	0.17	0.61		0.5	0.68	0.27	NTR
IPI	0.33	0.74	0.79	-0.04	0.5		0.63	0.68	IPI
CTVA	0.41	0.72	0.44	0.32	0.68	0.63		0.59	CTVA
FMC	-0.19	0.64	0.63	-0.48	0.27	0.68	0.59		FMC
	CF	MOS	AVD	ICL	NTR	IPI	CTVA	FMC

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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

NTR	+ 0.82	MOS
IPI	+ 0.79	AVD
ICL	+ 0.77	CF
IPI	+ 0.74	MOS
CTVA	+ 0.72	MOS
CTVA	+ 0.68	NTR

High negative correlations

FMC	- 0.48	ICL
ICL	- 0.24	AVD
FMC	- 0.19	CF
IPI	- 0.04	ICL

Risk-Adjusted Indicators

There is a big difference between CVR Stock performing well and CVR Partners 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 CVR Partners' 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
CF	1.47	0.14	0.04	0.49	2.13	(1.53)	2.80	(3.15)	15.09
MOS	1.73	0.12	0.03	0.41	2.28	(1.84)	3.68	(3.39)	13.09
AVD	2.40	0.17	0.05	0.26	2.95	(2.51)	7.08	(5.36)	16.06
ICL	1.72	0.59	0.28	278.79	1.30	(1.98)	5.77	(2.82)	10.00
NTR	1.28	0.16	0.08	0.52	1.21	(1.49)	3.42	(2.22)	8.76
IPI	2.20	0.05	0.04	0.11	2.37	(2.45)	5.32	(4.36)	14.45
CTVA	1.20	0.08	0.02	0.30	1.47	(1.39)	3.21	(2.38)	8.42
FMC	1.67	(0.14)	0.00	(0.33)	0.00	0.00	3.19	(3.44)	16.02

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