ICL Israel Correlations

ICL Stock

USD 6.87 0.08 1.18%

The current 90-days correlation between ICL Israel Chemicals and CF Industries Holdings is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ICL Israel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICL Israel Chemicals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ICL Israel Correlation With Market

Average diversification

The correlation between ICL Israel Chemicals and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ICL Israel Chemicals and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ICL Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICL Israel Chemicals. 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 ICL Stock

0.67	SMG	Scotts Miracle Gro	Pair Corr
0.69	UAN	CVR Partners LP	Pair Corr
0.62	CTVA	Corteva	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.68	CE	Celanese	Pair Corr
0.62	CX	Cemex SAB de Earnings Call This Week	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.65	EU	enCore Energy Corp	Pair Corr
0.67	IE	Ivanhoe Electric	Pair Corr
0.81	MT	ArcelorMittal SA ADR	Pair Corr
0.67	NG	NovaGold Resources	Pair Corr
0.77	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr

Moving against ICL Stock

0.7	SEED	Origin Agritech	Pair Corr
0.69	LVRO	Lavoro Limited Class	Pair Corr
0.48	HYMCL	Hycroft Mining Holding	Pair Corr
0.43	FEAM	5E Advanced Materials	Pair Corr
0.42	AGI	Alamos Gold	Pair Corr

Related Correlations Analysis

	IPI	AVD	CF	MOS	NTR	KEN	ESLT	UAN
IPI		0.49	0.73	0.84	0.78	0.44	0.3	0.7	IPI
AVD	0.49		0.14	0.21	0.21	-0.17	-0.25	-0.1	AVD
CF	0.73	0.14		0.93	0.95	0.78	0.7	0.91	CF
MOS	0.84	0.21	0.93		0.91	0.77	0.58	0.91	MOS
NTR	0.78	0.21	0.95	0.91		0.75	0.65	0.87	NTR
KEN	0.44	-0.17	0.78	0.77	0.75		0.78	0.86	KEN
ESLT	0.3	-0.25	0.7	0.58	0.65	0.78		0.73	ESLT
UAN	0.7	-0.1	0.91	0.91	0.87	0.86	0.73		UAN
	IPI	AVD	CF	MOS	NTR	KEN	ESLT	UAN

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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	+ 0.95	CF
MOS	+ 0.93	CF
UAN	+ 0.91	CF
NTR	+ 0.91	MOS
UAN	+ 0.91	MOS
UAN	+ 0.87	NTR

High negative correlations

ESLT	- 0.25	AVD
KEN	- 0.17	AVD
UAN	- 0.1	AVD

Risk-Adjusted Indicators

There is a big difference between ICL Stock performing well and ICL Israel 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 ICL Israel'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
IPI	2.15	0.39	0.13	1.66	1.88	(2.68)	6.31	(3.54)	23.61
AVD	2.96	0.08	(0.01)	0.79	3.92	(3.08)	6.30	(6.80)	20.78
CF	1.32	0.43	0.13	(1.29)	1.53	(1.41)	2.98	(3.03)	10.32
MOS	1.24	0.48	0.23	8.95	0.97	(1.45)	3.38	(1.50)	8.30
NTR	1.17	0.27	0.11	1.39	1.10	(1.23)	2.82	(2.11)	9.17
KEN	1.64	0.69	0.25	1.97	1.49	(1.82)	3.92	(2.50)	10.22
ESLT	1.65	0.17	0.01	1.43	2.72	(1.44)	3.38	(3.74)	12.78
UAN	0.77	0.33	0.30	3.37	0.00	(0.98)	2.17	(1.17)	4.83

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