Chemours Correlations

CC Stock

USD 12.50 0.30 2.46%

The current 90-days correlation between Chemours and International Flavors Fragrances is 0.75 (i.e., Poor diversification). The correlation of Chemours 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.

Chemours Correlation With Market

Very good diversification

The correlation between Chemours Co and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chemours Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Chemours Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemours Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Chemours Stock

0.76	DD	Dupont De Nemours	Pair Corr
0.94	FF	FutureFuel Corp Earnings Call This Week	Pair Corr
0.86	ECVT	Ecovyst	Pair Corr
0.81	NGVT	Ingevity Corp	Pair Corr
0.66	NTIC	Northern Technologies	Pair Corr
0.94	WTTR	Select Energy Services	Pair Corr
0.69	FEAM	5E Advanced Materials	Pair Corr
0.83	ALB-PA	Albemarle	Pair Corr
0.75	ALB	Albemarle Corp	Pair Corr
0.8	APD	Air Products	Pair Corr
0.93	ASH	Ashland Global Holdings	Pair Corr
0.78	CBT	Cabot Earnings Call Tomorrow	Pair Corr
0.87	EMN	Eastman Chemical	Pair Corr
0.84	ESI	Element Solutions	Pair Corr
0.92	FSI	Flexible Solutions	Pair Corr
0.88	FUL	H B Fuller	Pair Corr
0.91	IFF	International Flavors Earnings Call Tomorrow	Pair Corr
0.83	KOP	Koppers Holdings	Pair Corr
0.84	KRO	Kronos Worldwide Earnings Call This Week	Pair Corr
0.78	KWR	Quaker Chemical Earnings Call This Week	Pair Corr
0.77	LYB	LyondellBasell Industries	Pair Corr
0.82	MTX	Minerals Technologies	Pair Corr
0.89	OEC	Orion Engineered Carbons	Pair Corr
0.76	OLN	Olin	Pair Corr
0.69	PPG	PPG Industries	Pair Corr
0.69	PRM	Perimeter Solutions Earnings Call This Week	Pair Corr
0.73	RPM	RPM International	Pair Corr
0.82	SCL	Stepan Company	Pair Corr
0.88	SSL	Sasol	Pair Corr
0.77	TSE	Trinseo SA	Pair Corr

Moving against Chemours Stock

0.56	CMT	Core Molding Technologies Earnings Call Tomorrow	Pair Corr
0.5	NEU	NewMarket	Pair Corr

Related Correlations Analysis

	IFF	APD	PPG	LIN	LYB	CBT	WLK	TSE	AXTA	ESI
IFF		0.82	0.77	0.46	0.78	0.75	0.82	0.77	0.92	0.82	IFF
APD	0.82		0.87	0.48	0.91	0.91	0.67	0.72	0.82	0.76	APD
PPG	0.77	0.87		0.59	0.91	0.88	0.58	0.78	0.75	0.82	PPG
LIN	0.46	0.48	0.59		0.61	0.57	0.55	0.48	0.47	0.57	LIN
LYB	0.78	0.91	0.91	0.61		0.93	0.78	0.74	0.82	0.9	LYB
CBT	0.75	0.91	0.88	0.57	0.93		0.7	0.7	0.79	0.79	CBT
WLK	0.82	0.67	0.58	0.55	0.78	0.7		0.8	0.88	0.9	WLK
TSE	0.77	0.72	0.78	0.48	0.74	0.7	0.8		0.86	0.83	TSE
AXTA	0.92	0.82	0.75	0.47	0.82	0.79	0.88	0.86		0.89	AXTA
ESI	0.82	0.76	0.82	0.57	0.9	0.79	0.9	0.83	0.89		ESI
	IFF	APD	PPG	LIN	LYB	CBT	WLK	TSE	AXTA	ESI

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Risk-Adjusted Indicators

There is a big difference between Chemours Stock performing well and Chemours 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 Chemours' 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
IFF	1.45	(0.12)	0.00	(30.62)	0.00	0.00	2.51	(3.30)	11.33
APD	1.43	(0.10)	0.00	(0.20)	0.00	0.00	2.58	(4.01)	11.70
PPG	1.75	0.02	0.00	(0.10)	0.00	0.00	2.96	(4.65)	16.93
LIN	1.13	0.16	0.11	0.08	1.63	(1.21)	1.95	(2.76)	11.06
LYB	1.92	(0.20)	0.00	(0.25)	0.00	0.00	3.27	(5.95)	21.58
CBT	1.46	(0.05)	0.00	(0.17)	0.00	0.00	2.73	(4.10)	12.52
WLK	2.07	(0.50)	0.00	1.21	0.00	0.00	2.94	(6.13)	26.28
TSE	4.26	0.29	0.07	0.69	4.91	(4.80)	9.32	(7.42)	31.34
AXTA	1.76	(0.09)	0.00	0.30	0.00	0.00	2.93	(3.78)	16.33
ESI	2.17	(0.24)	0.00	1.28	0.00	0.00	4.41	(4.91)	17.71

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