Koppers Holdings Correlations

KOP Stock

USD 32.34 0.08 0.25%

The current 90-days correlation between Koppers Holdings and Quaker Chemical is 0.13 (i.e., Average diversification). The correlation of Koppers Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Koppers Holdings Correlation With Market

Very weak diversification

The correlation between Koppers Holdings 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 Koppers Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Koppers Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Koppers Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Koppers Stock, please use our How to Invest in Koppers Holdings guide.

Moving together with Koppers Stock

0.83	DD	Dupont De Nemours	Pair Corr
0.94	ECVT	Ecovyst	Pair Corr
0.7	ALB-PA	Albemarle	Pair Corr
0.67	ALB	Albemarle Corp	Pair Corr
0.81	APD	Air Products	Pair Corr
0.89	CMT	Core Molding Technologies	Pair Corr
0.9	ECL	Ecolab Inc Sell-off Trend	Pair Corr
0.84	ESI	Element Solutions	Pair Corr
0.8	FSI	Flexible Solutions	Pair Corr
0.73	FUL	H B Fuller	Pair Corr
0.79	KWR	Quaker Chemical	Pair Corr
0.85	LIN	Linde plc Ordinary	Pair Corr
0.66	LYB	LyondellBasell Industries	Pair Corr
0.83	NEU	NewMarket	Pair Corr
0.89	ODC	Oil Dri	Pair Corr
0.88	PPG	PPG Industries	Pair Corr
0.85	PRM	Perimeter Solutions Sell-off Trend	Pair Corr
0.74	RPM	RPM International Earnings Call This Week	Pair Corr
0.88	SCL	Stepan Company	Pair Corr
0.88	SSL	Sasol	Pair Corr
0.78	SXT	Sensient Technologies Earnings Call This Week	Pair Corr
0.66	GEVO	Gevo Inc	Pair Corr

Moving against Koppers Stock

0.7	FEAM	5E Advanced Materials	Pair Corr
0.71	KRO	Kronos Worldwide	Pair Corr
0.55	WLK	Westlake Chemical	Pair Corr
0.54	TSE	Trinseo SA	Pair Corr
0.53	OEC	Orion Engineered Carbons	Pair Corr
0.52	AXTA	Axalta Coating Systems	Pair Corr
0.48	CNEY	CN Energy Group	Pair Corr

Related Correlations Analysis

	KWR	MTX	IOSP	FUL	SXT	ODC	OEC	ECVT	AXTA	AVNT
KWR		0.31	-0.27	0.86	0.76	0.85	-0.3	0.81	-0.56	0.05	KWR
MTX	0.31		0.0	0.45	0.2	0.3	-0.05	0.4	0.03	0.39	MTX
IOSP	-0.27	0.0		-0.08	-0.04	-0.46	0.52	-0.34	0.77	0.18	IOSP
FUL	0.86	0.45	-0.08		0.78	0.73	-0.2	0.74	-0.31	0.06	FUL
SXT	0.76	0.2	-0.04	0.78		0.78	-0.47	0.85	-0.33	0.29	SXT
ODC	0.85	0.3	-0.46	0.73	0.78		-0.57	0.93	-0.72	0.09	ODC
OEC	-0.3	-0.05	0.52	-0.2	-0.47	-0.57		-0.64	0.6	-0.26	OEC
ECVT	0.81	0.4	-0.34	0.74	0.85	0.93	-0.64		-0.57	0.34	ECVT
AXTA	-0.56	0.03	0.77	-0.31	-0.33	-0.72	0.6	-0.57		0.19	AXTA
AVNT	0.05	0.39	0.18	0.06	0.29	0.09	-0.26	0.34	0.19		AVNT
	KWR	MTX	IOSP	FUL	SXT	ODC	OEC	ECVT	AXTA	AVNT

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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

ECVT	+ 0.93	ODC
FUL	+ 0.86	KWR
ODC	+ 0.85	KWR
ECVT	+ 0.85	SXT
ECVT	+ 0.81	KWR
SXT	+ 0.78	FUL

High negative correlations

AXTA	- 0.72	ODC
ECVT	- 0.64	OEC
AXTA	- 0.57	ECVT
OEC	- 0.57	ODC
AXTA	- 0.56	KWR
OEC	- 0.47	SXT

Risk-Adjusted Indicators

There is a big difference between Koppers Stock performing well and Koppers Holdings 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 Koppers Holdings' 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
KWR	1.91	0.29	0.06	(0.77)	1.75	(2.33)	4.98	(3.47)	15.11
MTX	1.62	(0.13)	(0.04)	0.02	2.46	(1.65)	3.12	(3.37)	12.14
IOSP	1.08	(0.17)	0.00	(0.08)	0.00	0.00	2.47	(2.76)	6.32
FUL	1.55	0.22	0.06	(6.36)	1.43	(1.92)	3.43	(2.56)	13.34
SXT	1.23	0.52	0.58	1.07	0.00	(1.58)	4.75	(1.08)	15.95
ODC	1.47	0.44	0.23	0.64	1.30	(1.70)	3.13	(2.74)	12.23
OEC	2.09	(0.22)	0.00	(0.14)	0.00	0.00	4.11	(5.09)	13.26
ECVT	1.77	0.51	0.19	1.01	1.90	(2.01)	4.82	(2.79)	14.44
AXTA	1.32	(0.21)	0.00	(0.06)	0.00	0.00	2.61	(2.48)	9.69
AVNT	1.64	0.14	(0.01)	(0.61)	1.79	(1.82)	3.91	(3.51)	10.10

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