Sherwin Williams Correlations

SHW Stock

USD 340.07 0.17 0.05%

The current 90-days correlation between Sherwin Williams and Dupont De Nemours is 0.52 (i.e., Very weak diversification). The correlation of Sherwin Williams 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.

Sherwin Williams Correlation With Market

Poor diversification

The correlation between Sherwin Williams Co and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sherwin Williams Co and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sherwin Williams Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Sherwin Stock

0.61	IFF	International Flavors	Pair Corr
0.85	RPM	RPM International Earnings Call This Week	Pair Corr

Moving against Sherwin Stock

0.44	WLK	Westlake Chemical	Pair Corr
0.31	TSE	Trinseo SA	Pair Corr

Related Correlations Analysis

	CC	DD	FF	ECVT	FEAM	ALB-PA	ALB	APD	ASH	CBT
CC		0.59	0.33	0.25	-0.36	0.77	0.78	0.59	0.69	0.62	CC
DD	0.59		0.36	0.84	-0.61	0.91	0.91	0.91	0.55	0.09	DD
FF	0.33	0.36		0.34	-0.34	0.38	0.38	0.34	0.19	-0.08	FF
ECVT	0.25	0.84	0.34		-0.76	0.78	0.75	0.84	0.22	-0.2	ECVT
FEAM	-0.36	-0.61	-0.34	-0.76		-0.69	-0.65	-0.7	-0.17	-0.05	FEAM
ALB-PA	0.77	0.91	0.38	0.78	-0.69		0.99	0.93	0.57	0.27	ALB-PA
ALB	0.78	0.91	0.38	0.75	-0.65	0.99		0.91	0.59	0.28	ALB
APD	0.59	0.91	0.34	0.84	-0.7	0.93	0.91		0.52	0.22	APD
ASH	0.69	0.55	0.19	0.22	-0.17	0.57	0.59	0.52		0.73	ASH
CBT	0.62	0.09	-0.08	-0.2	-0.05	0.27	0.28	0.22	0.73		CBT
	CC	DD	FF	ECVT	FEAM	ALB-PA	ALB	APD	ASH	CBT

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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

ALB	+ 0.99	ALB-PA
APD	+ 0.93	ALB-PA
ALB-PA	+ 0.91	DD
ALB	+ 0.91	DD
APD	+ 0.91	DD
APD	+ 0.91	ALB

High negative correlations

FEAM	- 0.76	ECVT
APD	- 0.7	FEAM
ALB-PA	- 0.69	FEAM
ALB	- 0.65	FEAM
FEAM	- 0.61	DD
FEAM	- 0.36	CC

Risk-Adjusted Indicators

There is a big difference between Sherwin Stock performing well and Sherwin Williams 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 Sherwin Williams' 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
CC	2.86	0.09	0.05	0.18	3.26	(3.18)	6.50	(5.64)	16.42
DD	1.39	0.18	0.16	0.28	1.07	(1.71)	2.88	(2.29)	10.13
FF	1.66	0.05	(0.03)	0.63	2.00	(1.72)	3.20	(3.44)	10.54
ECVT	1.77	0.51	0.19	1.01	1.90	(2.01)	4.82	(2.79)	14.44
FEAM	3.60	(0.25)	0.00	(0.26)	0.00	0.00	8.83	(9.79)	23.37
ALB-PA	2.21	0.22	0.13	0.28	1.89	(2.70)	5.69	(3.33)	12.16
ALB	2.40	0.31	0.13	0.34	2.36	(2.61)	6.29	(4.43)	12.52
APD	1.02	0.00	0.00	0.14	1.07	(1.07)	2.01	(1.95)	5.20
ASH	1.79	(0.14)	(0.03)	0.03	2.56	(1.79)	3.33	(3.12)	12.88
CBT	1.21	(0.21)	0.00	(0.07)	0.00	0.00	2.74	(2.42)	9.23

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