PPG Industries Correlations

PPG Stock

USD 118.28 0.31 0.26%

The current 90-days correlation between PPG Industries and BCE Inc is 0.22 (i.e., Modest diversification). The correlation of PPG Industries 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.

PPG Industries Correlation With Market

Very poor diversification

The correlation between PPG Industries and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PPG Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PPG Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PPG Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in PPG Stock please use our How to Invest in PPG Industries guide.

Moving together with PPG Stock

0.86	DD	Dupont De Nemours	Pair Corr
0.86	ECVT	Ecovyst	Pair Corr
0.61	ALB-PA	Albemarle	Pair Corr
0.75	APD	Air Products	Pair Corr
0.79	CMT	Core Molding Technologies	Pair Corr
0.92	ECL	Ecolab Inc	Pair Corr
0.95	ESI	Element Solutions Sell-off Trend	Pair Corr
0.72	FSI	Flexible Solutions	Pair Corr
0.81	FUL	H B Fuller	Pair Corr
0.64	IFF	International Flavors	Pair Corr
0.86	KOP	Koppers Holdings	Pair Corr
0.79	LIN	Linde plc Ordinary	Pair Corr
0.89	NEU	NewMarket	Pair Corr
0.71	ODC	Oil Dri	Pair Corr
0.82	PRM	Perimeter Solutions	Pair Corr
0.83	RPM	RPM International	Pair Corr
0.96	SCL	Stepan Company	Pair Corr
0.81	SHW	Sherwin Williams	Pair Corr
0.66	SSL	Sasol	Pair Corr
0.85	SXT	Sensient Technologies	Pair Corr
0.67	HWKN	Hawkins	Pair Corr

Moving against PPG Stock

0.34	OEC	Orion Engineered Carbons	Pair Corr
0.53	WLK	Westlake Chemical	Pair Corr
0.49	AVTR	Avantor Sell-off Trend	Pair Corr

Related Correlations Analysis

	GNTX	BCE	FMCKO	GETY	URI	PLAY	ALTG	SPHR
GNTX		0.44	0.17	0.24	0.43	0.15	0.32	0.39	GNTX
BCE	0.44		0.45	0.08	0.28	0.51	0.48	0.31	BCE
FMCKO	0.17	0.45		0.04	0.82	0.81	0.82	0.83	FMCKO
GETY	0.24	0.08	0.04		0.29	0.17	0.08	0.07	GETY
URI	0.43	0.28	0.82	0.29		0.76	0.86	0.94	URI
PLAY	0.15	0.51	0.81	0.17	0.76		0.92	0.78	PLAY
ALTG	0.32	0.48	0.82	0.08	0.86	0.92		0.87	ALTG
SPHR	0.39	0.31	0.83	0.07	0.94	0.78	0.87		SPHR
	GNTX	BCE	FMCKO	GETY	URI	PLAY	ALTG	SPHR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between PPG Stock performing well and PPG Industries 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 PPG Industries' 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
GNTX	1.44	(0.08)	(0.05)	0.01	1.78	(1.60)	2.87	(2.81)	9.16
BCE	1.27	0.02	(0.04)	(0.78)	1.77	(1.38)	2.19	(3.27)	9.37
FMCKO	1.78	0.30	0.08	0.76	1.86	(2.77)	4.49	(3.78)	15.56
GETY	3.45	(0.01)	0.01	0.10	4.45	(3.73)	6.91	(6.91)	23.43
URI	1.78	0.25	0.11	0.28	2.21	(1.82)	3.87	(3.53)	15.82
PLAY	3.32	1.01	0.31	1.05	2.41	(3.81)	9.24	(4.58)	22.33
ALTG	3.63	0.71	0.17	0.55	3.95	(3.94)	8.33	(5.15)	22.49
SPHR	3.04	0.31	0.09	0.25	4.07	(3.15)	6.05	(7.35)	26.82

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC