CVR Partners Correlations

UAN Stock

USD 71.62 0.12 0.17%

The current 90-days correlation between CVR Partners LP and American Vanguard is -0.05 (i.e., Good 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

Weak diversification

The correlation between CVR Partners LP and DJI is 0.3 (i.e., Weak 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

0.67	OC	Owens Corning	Pair Corr
0.61	RS	Reliance Steel Aluminum	Pair Corr

Moving against CVR Stock

0.55	FMC	FMC Corporation	Pair Corr
0.52	YTEN	Yield10 Bioscience	Pair Corr
0.43	CE	Celanese	Pair Corr
0.42	NITO	N2OFF Inc Symbol Change	Pair Corr
0.38	LVROW	Lavoro Limited Warrant	Pair Corr
0.36	BHIL	Benson Hill, Common	Pair Corr
0.35	NORNQ	Noranda Aluminum Holding	Pair Corr
0.34	HYMCW	Hycroft Mining Holding	Pair Corr
0.32	DNMR	Danimer Scientific	Pair Corr

Related Correlations Analysis

	CF	MOS	AVD	ICL	NTR	IPI	CTVA	FMC
CF		-0.05	-0.45	0.18	0.53	0.32	0.4	-0.22	CF
MOS	-0.05		-0.17	0.48	0.51	0.24	0.14	0.37	MOS
AVD	-0.45	-0.17		0.34	-0.75	0.22	-0.41	-0.55	AVD
ICL	0.18	0.48	0.34		-0.01	0.39	-0.07	-0.25	ICL
NTR	0.53	0.51	-0.75	-0.01		0.16	0.5	0.41	NTR
IPI	0.32	0.24	0.22	0.39	0.16		0.51	-0.56	IPI
CTVA	0.4	0.14	-0.41	-0.07	0.5	0.51		0.09	CTVA
FMC	-0.22	0.37	-0.55	-0.25	0.41	-0.56	0.09		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	+ 0.53	CF
NTR	+ 0.51	MOS
CTVA	+ 0.51	IPI
CTVA	+ 0.5	NTR
ICL	+ 0.48	MOS
FMC	+ 0.41	NTR

High negative correlations

NTR	- 0.75	AVD
FMC	- 0.56	IPI
FMC	- 0.55	AVD
AVD	- 0.45	CF
CTVA	- 0.41	AVD
FMC	- 0.25	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	1.18	0.19	0.05	13.05	1.57	(1.11)	2.17	(2.19)	6.82
MOS	1.71	(0.15)	0.00	(0.10)	0.00	0.00	4.43	(3.92)	13.10
AVD	1.90	0.09	0.02	0.23	2.55	(1.96)	4.25	(4.12)	15.23
ICL	1.78	0.14	0.00	(0.31)	2.06	(2.08)	4.58	(3.06)	11.02
NTR	1.09	(0.06)	0.00	(0.02)	0.00	0.00	2.31	(2.10)	8.77
IPI	1.68	0.20	0.06	0.68	2.07	(1.77)	4.33	(3.95)	14.45
CTVA	1.09	0.11	0.05	0.25	1.40	(1.21)	2.82	(2.38)	7.90
FMC	1.41	(0.16)	0.00	(0.26)	0.00	0.00	2.86	(3.42)	16.03

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