Nutrien Correlations

NTR Stock

USD 60.14 0.15 0.25%

The current 90-days correlation between Nutrien and Aptiv PLC is 0.09 (i.e., Significant diversification). The correlation of Nutrien 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.

Nutrien Correlation With Market

Weak diversification

The correlation between Nutrien and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nutrien and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nutrien Stock

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

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

Moving together with Nutrien Stock

0.92	CF	CF Industries Holdings	Pair Corr
0.77	ICL	ICL Israel Chemicals	Pair Corr
0.9	IPI	Intrepid Potash	Pair Corr
0.95	MOS	Mosaic	Pair Corr
0.78	SMG	Scotts Miracle Gro	Pair Corr
0.9	UAN	CVR Partners LP	Pair Corr
0.71	BIOX	Bioceres Crop Solutions	Pair Corr
0.88	CTVA	Corteva	Pair Corr
0.84	AU	AngloGold Ashanti plc	Pair Corr
0.71	CE	Celanese	Pair Corr
0.91	CX	Cemex SAB de Aggressive Push	Pair Corr
0.76	DC	Dakota Gold Corp	Pair Corr
0.8	IE	Ivanhoe Electric	Pair Corr
0.85	MT	ArcelorMittal SA ADR	Pair Corr
0.73	NG	NovaGold Resources	Pair Corr
0.93	OR	Osisko Gold Ro	Pair Corr
0.84	RS	Reliance Steel Aluminum	Pair Corr
0.76	SA	Seabridge Gold	Pair Corr
0.71	TX	Ternium SA ADR	Pair Corr

Moving against Nutrien Stock

0.85	SEED	Origin Agritech	Pair Corr
0.78	LVROW	Lavoro Limited Warrant	Pair Corr
0.71	LVRO	Lavoro Limited Class	Pair Corr
0.36	ENFY	Enlightify Symbol Change	Pair Corr
0.82	HYMCL	Hycroft Mining Holding	Pair Corr

Related Correlations Analysis

	APTV	CARS	BOOT	MPX	GP	PCAR	FIGS	TLF
APTV		-0.23	0.94	0.62	-0.27	0.74	0.77	0.73	APTV
CARS	-0.23		-0.4	0.24	-0.17	0.01	0.1	-0.25	CARS
BOOT	0.94	-0.4		0.46	-0.34	0.63	0.71	0.79	BOOT
MPX	0.62	0.24	0.46		-0.05	0.66	0.46	0.26	MPX
GP	-0.27	-0.17	-0.34	-0.05		0.09	-0.56	-0.44	GP
PCAR	0.74	0.01	0.63	0.66	0.09		0.54	0.51	PCAR
FIGS	0.77	0.1	0.71	0.46	-0.56	0.54		0.67	FIGS
TLF	0.73	-0.25	0.79	0.26	-0.44	0.51	0.67		TLF
	APTV	CARS	BOOT	MPX	GP	PCAR	FIGS	TLF

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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

BOOT	+ 0.94	APTV
TLF	+ 0.79	BOOT
FIGS	+ 0.77	APTV
PCAR	+ 0.74	APTV
TLF	+ 0.73	APTV
FIGS	+ 0.71	BOOT

High negative correlations

FIGS	- 0.56	GP
TLF	- 0.44	GP
BOOT	- 0.4	CARS
GP	- 0.34	BOOT
GP	- 0.27	APTV
TLF	- 0.25	CARS

Risk-Adjusted Indicators

There is a big difference between Nutrien Stock performing well and Nutrien 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 Nutrien'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
APTV	2.18	0.20	0.08	0.24	2.74	(2.38)	4.73	(4.31)	19.44
CARS	2.10	0.07	0.02	0.18	3.19	(2.08)	4.33	(3.90)	19.46
BOOT	2.90	0.57	0.15	0.44	3.41	(3.12)	6.00	(4.53)	20.86
MPX	1.79	0.07	0.03	0.18	1.97	(1.91)	3.51	(4.10)	15.55
GP	2.19	(0.28)	0.00	(0.50)	0.00	0.00	4.65	(4.44)	22.24
PCAR	1.45	(0.08)	(0.04)	0.02	1.96	(1.52)	3.30	(2.27)	14.21
FIGS	2.73	0.31	0.08	0.33	3.31	(3.15)	7.13	(4.45)	18.66
TLF	1.68	0.12	0.02	0.68	1.79	(2.00)	4.25	(3.16)	10.24

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