CRH PLC Correlations

CRH Stock

USD 119.96 0.30 0.25%

The current 90-days correlation between CRH PLC ADR and Franklin Wireless Corp is 0.16 (i.e., Average diversification). The correlation of CRH PLC 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.

CRH PLC Correlation With Market

Very weak diversification

The correlation between CRH PLC ADR and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CRH PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CRH Stock

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

Moving together with CRH Stock

0.69	MLM	Martin Marietta Materials	Pair Corr
0.63	IE	Ivanhoe Electric Earnings Call This Week	Pair Corr
0.61	TSLA	Tesla Inc	Pair Corr
0.7	NBIS	Nebius Group NV Aggressive Push	Pair Corr

Moving against CRH Stock

0.35	GOEVW	Canoo Holdings	Pair Corr
0.48	PREC	Prestige Cars Intern	Pair Corr
0.44	ACGBF	Agricultural Bank	Pair Corr
0.45	CDP	COPT Defense Properties	Pair Corr

Related Correlations Analysis

	FKWL	CUPUF	EJH	TMUSI	POAHY	ONCI	WHWRF	CMOT
FKWL		-0.33	-0.54	0.04	-0.15	0.0	0.0	0.0	FKWL
CUPUF	-0.33		0.06	0.17	-0.57	0.0	0.0	0.0	CUPUF
EJH	-0.54	0.06		0.06	0.06	0.0	0.0	0.0	EJH
TMUSI	0.04	0.17	0.06		-0.09	0.0	0.0	0.0	TMUSI
POAHY	-0.15	-0.57	0.06	-0.09		0.0	0.0	0.0	POAHY
ONCI	0.0	0.0	0.0	0.0	0.0		-1.0	1.0	ONCI
WHWRF	0.0	0.0	0.0	0.0	0.0	-1.0		-1.0	WHWRF
CMOT	0.0	0.0	0.0	0.0	0.0	1.0	-1.0		CMOT
	FKWL	CUPUF	EJH	TMUSI	POAHY	ONCI	WHWRF	CMOT

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

CMOT	+ 1.0	ONCI
TMUSI	+ 0.17	CUPUF
EJH	+ 0.06	CUPUF
TMUSI	+ 0.06	EJH
POAHY	+ 0.06	EJH
TMUSI	+ 0.04	FKWL

High negative correlations

CMOT	- 1.0	WHWRF
WHWRF	- 1.0	ONCI
POAHY	- 0.57	CUPUF
EJH	- 0.54	FKWL
CUPUF	- 0.33	FKWL
POAHY	- 0.15	FKWL

Risk-Adjusted Indicators

There is a big difference between CRH Stock performing well and CRH PLC 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 CRH PLC'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
FKWL	1.67	0.07	0.02	0.24	1.71	(2.07)	3.89	(2.99)	9.65
CUPUF	0.65	0.04	(0.01)	(8.99)	0.90	(1.83)	2.74	(2.22)	6.96
EJH	2.93	(0.64)	0.00	(0.20)	0.00	0.00	6.25	(7.07)	27.92
TMUSI	0.77	(0.01)	(0.07)	(0.06)	0.93	(0.83)	1.83	(1.59)	6.34
POAHY	1.21	(0.06)	(0.03)	0.00	1.64	(1.22)	2.43	(1.91)	7.86
ONCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WHWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMOT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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