Valhi Correlations

VHI Stock

USD 17.66 0.06 0.34%

The current 90-days correlation between Valhi Inc and AdvanSix is 0.42 (i.e., Very weak diversification). The correlation of Valhi 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.

Valhi Correlation With Market

Modest diversification

The correlation between Valhi Inc and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valhi Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Valhi Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valhi Inc. 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 Valhi Stock

0.66	WS	Worthington Steel	Pair Corr
0.75	CLF	Cleveland Cliffs Upward Rally	Pair Corr

Moving against Valhi Stock

0.43	DRD	DRDGOLD Limited ADR	Pair Corr
0.43	EQX	Equinox Gold Corp	Pair Corr
0.36	BAK	Braskem SA Class	Pair Corr
0.47	FNV	Franco Nevada	Pair Corr
0.35	HLP	Hongli Group Ordinary	Pair Corr

Related Correlations Analysis

	ASIX	BAK	KRO	KWR	LXU	MTX	NL	SXT	TROX
ASIX		-0.02	-0.47	0.53	0.76	0.39	-0.42	0.6	0.34	ASIX
BAK	-0.02		0.45	-0.36	-0.33	-0.03	0.55	-0.39	-0.05	BAK
KRO	-0.47	0.45		-0.57	-0.7	-0.3	0.89	-0.45	-0.19	KRO
KWR	0.53	-0.36	-0.57		0.77	0.42	-0.73	0.78	0.53	KWR
LXU	0.76	-0.33	-0.7	0.77		0.3	-0.71	0.86	0.39	LXU
MTX	0.39	-0.03	-0.3	0.42	0.3		-0.33	0.24	0.2	MTX
NL	-0.42	0.55	0.89	-0.73	-0.71	-0.33		-0.54	-0.34	NL
SXT	0.6	-0.39	-0.45	0.78	0.86	0.24	-0.54		0.31	SXT
TROX	0.34	-0.05	-0.19	0.53	0.39	0.2	-0.34	0.31		TROX
	ASIX	BAK	KRO	KWR	LXU	MTX	NL	SXT	TROX

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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

NL	+ 0.89	KRO
SXT	+ 0.86	LXU
SXT	+ 0.78	KWR
LXU	+ 0.77	KWR
LXU	+ 0.76	ASIX
SXT	+ 0.6	ASIX

High negative correlations

NL	- 0.73	KWR
NL	- 0.71	LXU
LXU	- 0.7	KRO
KWR	- 0.57	KRO
SXT	- 0.54	NL
KRO	- 0.47	ASIX

Risk-Adjusted Indicators

There is a big difference between Valhi Stock performing well and Valhi 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 Valhi'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
ASIX	1.55	(0.04)	0.00	0.11	1.62	(1.75)	4.42	(2.93)	11.53
BAK	2.75	(0.21)	0.00	(0.05)	0.00	0.00	8.26	(6.16)	19.31
KRO	2.06	(0.19)	0.00	(0.96)	0.00	0.00	3.97	(3.77)	10.60
KWR	1.91	0.06	0.05	0.18	1.78	(2.33)	4.98	(3.47)	15.11
LXU	2.04	0.66	0.28	1.04	1.89	(2.47)	5.35	(3.06)	12.27
MTX	1.67	(0.08)	(0.02)	0.07	2.48	(1.71)	3.51	(3.37)	12.14
NL	2.31	(0.32)	0.00	(0.21)	0.00	0.00	4.52	(5.26)	15.17
SXT	1.23	0.51	0.56	1.06	0.00	(1.58)	4.75	(1.08)	15.95
TROX	3.27	(0.13)	0.01	0.08	3.72	(3.66)	8.02	(6.27)	21.48

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