CVR Partners Correlations
| UAN Stock | USD 94.99 0.09 0.09% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVR Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVR Partners LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
CVR Partners Correlation With Market
Good diversification
The correlation between CVR Partners LP and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVR Partners LP and DJI in the same portfolio, assuming nothing else is changed.
Moving together with CVR Stock
| 0.8 | 002258 | Lier Chemical | PairCorr |
| 0.79 | SQM | Sociedad Quimica y | PairCorr |
| 0.73 | PWN | Parkway Corporate | PairCorr |
| 0.65 | 002513 | Jiangsu Lanfeng Bio | PairCorr |
| 0.84 | 600096 | Yunnan Yuntianhua | PairCorr |
| 0.88 | 002538 | Anhui Sierte Fertilizer | PairCorr |
| 0.7 | IFOS | Itafos Corp | PairCorr |
Moving against CVR Stock
| 0.94 | FMC | FMC Corporation | PairCorr |
| 0.75 | AVD | American Vanguard Downward Rally | PairCorr |
| 0.73 | 600389 | Nantong Jiangshan | PairCorr |
| 0.73 | IPI | Intrepid Potash | PairCorr |
| 0.72 | ENFY | Enlightify | PairCorr |
| 0.63 | ICL | ICL Israel Chemicals | PairCorr |
| 0.58 | GRO | Brazil Potash Corp | PairCorr |
| 0.55 | CF | CF Industries Holdings | PairCorr |
| 0.55 | BHAGCHEM | Bhagiradha Chemicals | PairCorr |
| 0.51 | 605033 | Shaanxi Meibang Phar | PairCorr |
| 0.31 | MBAPL | Madhya Bharat Agro | PairCorr |
| 0.87 | RALLIS | Rallis India Limited | PairCorr |
| 0.82 | MOS | Mosaic | PairCorr |
| 0.76 | INSECTICID | Insecticides Limited | PairCorr |
| 0.62 | FACT | Fertilizers and Chemicals | PairCorr |
| 0.48 | ASTEC | Astec LifeSciences | PairCorr |
| 0.44 | SMG | Scotts Miracle Gro | PairCorr |
| 0.44 | OSWALSEEDS | ShreeOswal Seeds And | PairCorr |
| 0.41 | 000553 | ADAMA | PairCorr |
| 0.32 | HUMT | Humatech | PairCorr |
Related Correlations Analysis
| 0.0 | 0.64 | 0.0 | 0.0 | 0.0 | 0.0 | FLTLF | ||
| 0.0 | 0.0 | 1.0 | 1.0 | 1.0 | 0.0 | ADLI | ||
| 0.64 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PAZRF | ||
| 0.0 | 1.0 | 0.0 | 1.0 | 1.0 | 0.0 | KVMD | ||
| 0.0 | 1.0 | 0.0 | 1.0 | 1.0 | 0.0 | MCTH | ||
| 0.0 | 1.0 | 0.0 | 1.0 | 1.0 | 0.0 | UNHLF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TOMDF | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CVR Stock performing well and CVR Partners 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 CVR Partners' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLTLF | 1.06 | (0.10) | 0.00 | 0.60 | 0.00 | 1.93 | 17.30 | |||
| ADLI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PAZRF | 0.56 | (0.05) | 0.00 | (0.12) | 0.00 | 1.71 | 6.78 | |||
| KVMD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCTH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UNHLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TOMDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |