Corteva Correlations

CTVA Stock

USD 73.05 0.12 0.16%

The current 90-days correlation between Corteva and The Mosaic is 0.33 (i.e., Weak diversification). The correlation of Corteva 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.

Corteva Correlation With Market

Weak diversification

The correlation between Corteva and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corteva and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corteva. 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.

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

Moving together with Corteva Stock

0.94	CF	CF Industries Holdings	Pair Corr
0.74	FMC	FMC Corporation	Pair Corr
0.63	IPI	Intrepid Potash	Pair Corr
0.95	MOS	Mosaic	Pair Corr
0.88	NTR	Nutrien	Pair Corr
0.92	SMG	Scotts Miracle Gro	Pair Corr
0.94	UAN	CVR Partners LP	Pair Corr
0.61	X	United States Steel	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.74	AG	First Majestic Silver	Pair Corr
0.71	AU	AngloGold Ashanti plc	Pair Corr
0.94	CE	Celanese	Pair Corr
0.88	CX	Cemex SAB de Earnings Call This Week	Pair Corr
0.85	DC	Dakota Gold Corp	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr
0.89	EU	enCore Energy Corp	Pair Corr
0.81	IE	Ivanhoe Electric	Pair Corr
0.79	MT	ArcelorMittal SA ADR	Pair Corr
0.73	NC	NACCO Industries	Pair Corr
0.8	OR	Osisko Gold Ro	Pair Corr
0.89	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.73	SA	Seabridge Gold	Pair Corr
0.87	TT	Trane Technologies plc	Pair Corr

Moving against Corteva Stock

0.83	LVRO	Lavoro Limited Class	Pair Corr
0.39	SEED	Origin Agritech	Pair Corr
0.78	FEAM	5E Advanced Materials	Pair Corr
0.68	HYMCL	Hycroft Mining Holding	Pair Corr
0.65	AMR	Alpha Metallurgical	Pair Corr
0.64	WLKP	Westlake Chemical	Pair Corr
0.46	AGI	Alamos Gold	Pair Corr

Related Correlations Analysis

	CF	AVD	IPI	MOS	NTR	FMC	ICL
CF		-0.04	0.66	0.93	0.96	0.67	0.47	CF
AVD	-0.04		0.42	0.07	0.06	-0.12	-0.1	AVD
IPI	0.66	0.42		0.77	0.69	0.19	0.4	IPI
MOS	0.93	0.07	0.77		0.92	0.6	0.54	MOS
NTR	0.96	0.06	0.69	0.92		0.65	0.48	NTR
FMC	0.67	-0.12	0.19	0.6	0.65		0.51	FMC
ICL	0.47	-0.1	0.4	0.54	0.48	0.51		ICL
	CF	AVD	IPI	MOS	NTR	FMC	ICL

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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	+ 0.96	CF
MOS	+ 0.93	CF
NTR	+ 0.92	MOS
MOS	+ 0.77	IPI
NTR	+ 0.69	IPI
FMC	+ 0.67	CF

High negative correlations

FMC	- 0.12	AVD
ICL	- 0.1	AVD
AVD	- 0.04	CF

Risk-Adjusted Indicators

There is a big difference between Corteva Stock performing well and Corteva 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 Corteva'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
CF	1.32	0.43	0.14	(1.28)	1.53	(1.42)	2.98	(3.03)	10.32
AVD	2.93	(0.31)	0.00	(0.05)	0.00	0.00	6.30	(6.80)	20.78
IPI	1.98	0.27	0.06	(1.95)	1.96	(2.42)	4.32	(3.54)	23.61
MOS	1.23	0.48	0.24	56.83	0.97	(1.45)	3.38	(1.50)	8.30
NTR	1.11	0.26	0.07	(1.00)	1.18	(1.14)	2.82	(2.11)	6.43
FMC	1.83	0.08	0.04	0.21	2.18	(2.24)	4.44	(3.30)	12.01
ICL	1.20	0.11	0.01	0.71	1.21	(1.46)	2.78	(2.19)	9.97

Corteva Corporate Management

MBA BS	Executive Officer	Profile
Brian Titus	Principal Accounting Officer, Vice President Controller	Profile
Marcos Lutz	Independent Director	Profile
Patrick Ward	Independent Director	Profile
Cornel Fuerer	Senior Vice President General Counsel, Secretary	Profile
Sid Gorham	CEO Platform	Profile

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