FMC Correlations

FMC Stock

USD 59.09 0.41 0.69%

The current 90-days correlation between FMC Corporation and CF Industries Holdings is 0.28 (i.e., Modest diversification). The correlation of FMC 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.

FMC Correlation With Market

Average diversification

The correlation between FMC Corp. and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FMC Corp. 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 FMC Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with FMC Stock

0.61	SEED	Origin Agritech	Pair Corr
0.62	AU	AngloGold Ashanti plc	Pair Corr
0.8	CE	Celanese	Pair Corr
0.68	NB	NioCorp Developments	Pair Corr
0.65	SA	Seabridge Gold	Pair Corr

Moving against FMC Stock

0.61	AVD	American Vanguard	Pair Corr
0.59	UAN	CVR Partners LP	Pair Corr
0.59	MHGVY	Mowi ASA ADR	Pair Corr
0.55	IPI	Intrepid Potash	Pair Corr
0.52	LVRO	Lavoro Limited Class	Pair Corr
0.36	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.34	MP	MP Materials Corp	Pair Corr
0.62	WS	Worthington Steel	Pair Corr
0.61	ECVT	Ecovyst Potential Growth	Pair Corr
0.58	RS	Reliance Steel Aluminum	Pair Corr

Related Correlations Analysis

	CF	MOS	NTR	SMG	IPI	CTVA	BIOX	CTA-PB	BHIL	AVD
CF		0.04	0.44	0.49	0.41	0.43	-0.6	0.22	-0.38	-0.29	CF
MOS	0.04		0.57	0.13	0.26	0.18	0.14	-0.03	0.12	-0.25	MOS
NTR	0.44	0.57		0.69	0.05	0.33	-0.26	0.64	0.42	-0.78	NTR
SMG	0.49	0.13	0.69		0.02	0.57	-0.5	0.63	0.31	-0.8	SMG
IPI	0.41	0.26	0.05	0.02		0.57	-0.63	-0.53	-0.51	0.31	IPI
CTVA	0.43	0.18	0.33	0.57	0.57		-0.62	0.01	-0.25	-0.25	CTVA
BIOX	-0.6	0.14	-0.26	-0.5	-0.63	-0.62		-0.04	0.1	0.19	BIOX
CTA-PB	0.22	-0.03	0.64	0.63	-0.53	0.01	-0.04		0.64	-0.83	CTA-PB
BHIL	-0.38	0.12	0.42	0.31	-0.51	-0.25	0.1	0.64		-0.54	BHIL
AVD	-0.29	-0.25	-0.78	-0.8	0.31	-0.25	0.19	-0.83	-0.54		AVD
	CF	MOS	NTR	SMG	IPI	CTVA	BIOX	CTA-PB	BHIL	AVD

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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

SMG	+ 0.69	NTR
CTA-PB	+ 0.64	NTR
BHIL	+ 0.64	CTA-PB
CTA-PB	+ 0.63	SMG
NTR	+ 0.57	MOS
CTVA	+ 0.57	SMG

High negative correlations

AVD	- 0.83	CTA-PB
AVD	- 0.8	SMG
AVD	- 0.78	NTR
BIOX	- 0.63	IPI
BIOX	- 0.62	CTVA
BIOX	- 0.6	CF

Risk-Adjusted Indicators

There is a big difference between FMC Stock performing well and FMC 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 FMC'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
CF	1.19	0.14	0.01	(104.87)	1.80	(1.08)	2.17	(2.22)	6.82
MOS	1.73	(0.22)	0.00	(0.22)	0.00	0.00	4.43	(3.92)	13.10
NTR	1.06	(0.10)	0.00	(0.15)	0.00	0.00	2.31	(2.10)	8.77
SMG	1.78	0.29	0.01	(0.13)	3.91	(1.89)	4.22	(3.44)	25.99
IPI	1.64	0.13	0.03	0.52	2.07	(1.72)	4.33	(3.28)	14.45
CTVA	1.18	0.10	0.04	0.24	1.43	(1.34)	2.88	(2.38)	7.90
BIOX	2.10	(0.53)	0.00	(3.05)	0.00	0.00	4.61	(4.17)	23.31
CTA-PB	0.93	(0.05)	0.00	(0.07)	0.00	0.00	2.05	(2.32)	6.06
BHIL	2.35	(0.77)	0.00	(1.17)	0.00	0.00	3.49	(7.90)	26.83
AVD	1.85	0.08	0.01	0.30	2.39	(1.94)	4.06	(3.59)	15.23

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