Element Solutions Correlations

ESI Stock

USD 28.68 0.21 0.74%

The current 90-days correlation between Element Solutions and Quaker Chemical is 0.37 (i.e., Weak diversification). The correlation of Element Solutions 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.

Element Solutions Correlation With Market

Very weak diversification

The correlation between Element Solutions and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Element Solutions and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Element Stock

0.61	CC	Chemours	Pair Corr
0.8	ECVT	Ecovyst Potential Growth	Pair Corr
0.84	WDFC	WD 40 Company	Pair Corr
0.79	WTTR	Select Energy Services	Pair Corr
0.72	ALB-PA	Albemarle	Pair Corr
0.72	ALB	Albemarle Corp	Pair Corr
0.82	FSI	Flexible Solutions	Pair Corr
0.81	MTX	Minerals Technologies	Pair Corr
0.63	ODC	Oil Dri	Pair Corr
0.64	RPM	RPM International	Pair Corr

Moving against Element Stock

0.7	ASH	Ashland Global Holdings	Pair Corr
0.66	DNMR	Danimer Scientific	Pair Corr
0.51	FEAM	5E Advanced Materials	Pair Corr
0.47	ECL	Ecolab Inc	Pair Corr
0.4	FF	FutureFuel Corp	Pair Corr
0.33	CMT	Core Molding Technologies	Pair Corr
0.83	IFF	International Flavors	Pair Corr
0.76	LYB	LyondellBasell Industries	Pair Corr
0.6	LIN	Linde plc Ordinary	Pair Corr
0.46	FUL	H B Fuller Fiscal Year End 15th of January 2025	Pair Corr
0.44	PPG	PPG Industries Fiscal Year End 16th of January 2025	Pair Corr
0.76	MATV	Mativ Holdings	Pair Corr
0.75	SSL	Sasol	Pair Corr

Related Correlations Analysis

	ODC	KWR	ECVT	MTX	SXT	FUL	ASH	IOSP	OEC	NGVT
ODC		0.32	0.52	0.7	0.75	-0.17	-0.33	0.69	0.09	0.57	ODC
KWR	0.32		0.44	0.24	0.46	0.47	-0.06	0.61	0.47	0.45	KWR
ECVT	0.52	0.44		0.76	0.38	-0.27	-0.8	0.82	0.47	0.87	ECVT
MTX	0.7	0.24	0.76		0.7	-0.4	-0.65	0.87	0.37	0.68	MTX
SXT	0.75	0.46	0.38	0.7		0.0	-0.19	0.73	0.24	0.45	SXT
FUL	-0.17	0.47	-0.27	-0.4	0.0		0.6	-0.07	0.41	-0.21	FUL
ASH	-0.33	-0.06	-0.8	-0.65	-0.19	0.6		-0.61	-0.26	-0.68	ASH
IOSP	0.69	0.61	0.82	0.87	0.73	-0.07	-0.61		0.56	0.78	IOSP
OEC	0.09	0.47	0.47	0.37	0.24	0.41	-0.26	0.56		0.42	OEC
NGVT	0.57	0.45	0.87	0.68	0.45	-0.21	-0.68	0.78	0.42		NGVT
	ODC	KWR	ECVT	MTX	SXT	FUL	ASH	IOSP	OEC	NGVT

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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

NGVT	+ 0.87	ECVT
IOSP	+ 0.87	MTX
IOSP	+ 0.82	ECVT
NGVT	+ 0.78	IOSP
MTX	+ 0.76	ECVT
SXT	+ 0.75	ODC

High negative correlations

ASH	- 0.8	ECVT
NGVT	- 0.68	ASH
ASH	- 0.65	MTX
IOSP	- 0.61	ASH
FUL	- 0.4	MTX
ASH	- 0.33	ODC

Risk-Adjusted Indicators

There is a big difference between Element Stock performing well and Element Solutions 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 Element Solutions' 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
ODC	1.25	(0.02)	(0.05)	0.08	1.72	(1.23)	3.02	(2.09)	9.82
KWR	1.52	(0.32)	0.00	(0.02)	0.00	0.00	2.23	(2.92)	18.04
ECVT	1.82	0.25	0.06	(6.14)	1.62	(2.31)	4.55	(3.08)	17.08
MTX	1.32	(0.11)	0.00	0.07	1.43	(1.42)	2.46	(2.51)	11.90
SXT	1.08	(0.16)	(0.06)	0.02	1.32	(1.07)	2.14	(2.19)	8.84
FUL	1.07	(0.31)	0.00	(0.08)	0.00	0.00	1.76	(2.51)	8.58
ASH	1.07	(0.32)	0.00	(0.18)	0.00	0.00	1.88	(2.26)	10.47
IOSP	1.24	(0.17)	(0.02)	0.05	1.37	(1.26)	2.24	(2.10)	16.32
OEC	2.23	(0.24)	(0.03)	0.02	2.67	(2.15)	5.81	(3.84)	16.97
NGVT	3.06	0.11	0.09	0.17	3.01	(3.67)	8.28	(4.30)	23.30

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