RPM International Correlations

RPM Stock

USD 138.85 0.75 0.54%

The current 90-days correlation between RPM International and H B Fuller is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RPM International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RPM International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RPM International Correlation With Market

Very weak diversification

The correlation between RPM International and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RPM International and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RPM International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in RPM Stock, please use our How to Invest in RPM International guide.

Moving together with RPM Stock

0.68	WDFC	WD 40 Company	Pair Corr
0.66	WTTR	Select Energy Services	Pair Corr
0.86	ALB-PA	Albemarle Potential Growth	Pair Corr
0.86	ALB	Albemarle Corp	Pair Corr
0.91	APD	Air Products	Pair Corr
0.76	CBT	Cabot	Pair Corr
0.61	ESI	Element Solutions	Pair Corr
0.76	FSI	Flexible Solutions	Pair Corr
0.81	MTX	Minerals Technologies	Pair Corr
0.66	PRM	Perimeter Solutions	Pair Corr

Moving against RPM Stock

0.68	ASH	Ashland Global Holdings	Pair Corr
0.44	CMT	Core Molding Technologies	Pair Corr
0.41	DNMR	Danimer Scientific Upward Rally	Pair Corr
0.4	FEAM	5E Advanced Materials	Pair Corr
0.8	SSL	Sasol	Pair Corr
0.78	LYB	LyondellBasell Industries	Pair Corr
0.64	FUL	H B Fuller Fiscal Year End 15th of January 2025	Pair Corr
0.61	IFF	International Flavors Sell-off Trend	Pair Corr
0.42	NEU	NewMarket	Pair Corr
0.32	LIN	Linde plc Ordinary	Pair Corr
0.31	PPG	PPG Industries Fiscal Year End 16th of January 2025	Pair Corr

Related Correlations Analysis

	IOSP	MTX	ODC	KWR	SXT	ASH	FUL	BCPC
IOSP		0.86	0.66	0.68	0.72	-0.58	-0.04	0.86	IOSP
MTX	0.86		0.7	0.29	0.7	-0.63	-0.39	0.68	MTX
ODC	0.66	0.7		0.37	0.73	-0.24	-0.17	0.59	ODC
KWR	0.68	0.29	0.37		0.45	-0.11	0.47	0.69	KWR
SXT	0.72	0.7	0.73	0.45		-0.22	-0.06	0.65	SXT
ASH	-0.58	-0.63	-0.24	-0.11	-0.22		0.61	-0.49	ASH
FUL	-0.04	-0.39	-0.17	0.47	-0.06	0.61		0.05	FUL
BCPC	0.86	0.68	0.59	0.69	0.65	-0.49	0.05		BCPC
	IOSP	MTX	ODC	KWR	SXT	ASH	FUL	BCPC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MTX	+ 0.86	IOSP
BCPC	+ 0.86	IOSP
SXT	+ 0.73	ODC
SXT	+ 0.72	IOSP
ODC	+ 0.7	MTX
SXT	+ 0.7	MTX

High negative correlations

ASH	- 0.63	MTX
ASH	- 0.58	IOSP
BCPC	- 0.49	ASH
FUL	- 0.39	MTX
ASH	- 0.24	ODC
ASH	- 0.22	SXT

Risk-Adjusted Indicators

There is a big difference between RPM Stock performing well and RPM International 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 RPM International'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
IOSP	1.24	(0.18)	(0.03)	0.03	1.37	(1.31)	2.24	(2.10)	16.32
MTX	1.30	(0.09)	0.01	0.07	1.36	(1.44)	2.46	(2.51)	11.90
ODC	1.25	(0.08)	(0.05)	0.04	1.71	(1.23)	3.02	(2.09)	9.82
KWR	1.51	(0.33)	0.00	(0.04)	0.00	0.00	2.23	(2.92)	18.04
SXT	1.07	(0.12)	(0.04)	0.04	1.32	(1.05)	2.14	(2.19)	8.84
ASH	1.07	(0.31)	0.00	(0.18)	0.00	0.00	1.88	(2.26)	10.47
FUL	1.06	(0.30)	0.00	(0.08)	0.00	0.00	1.76	(2.51)	8.58
BCPC	1.07	(0.06)	(0.03)	0.07	1.28	(1.19)	2.54	(1.99)	8.32

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC