Clean Harbors Correlations

CLH Stock

USD 286.10 10.22 3.70%

The current 90-days correlation between Clean Harbors and Acuity Brands is 0.13 (i.e., Good diversification).Pairwise correlation with sector peers helps determine whether the stock offers truly differentiated exposure.

Correlation Against Market - Clean Harbors

Strong inverse diversification

The correlation between Clean Harbors and Dow Jones is -0.38, which Macroaxis classifies as Strong inverse diversification for the selected horizon. A -0.38 reading means Clean Harbors and Dow Jones have partial price overlap, offering some diversification benefit.

Build portfolio with Clean Stock

Clean Harbors has a market cap of 14.74 B, operating margin of 10.56%, current ratio of 1.94. See Trending Equities for additional portfolio context. Clean Harbors can be included in a portfolio to evaluate diversification impact. The information is presented without directional commentary. Broader economic conditions can influence Clean Harbors's company valuation — related indicators include signals in board of governors.

The fundamentals of trading Clean Stock are covered in our How to Buy Clean Harbors walkthrough. This resource outlines the process for evaluating Clean Stock from a trading perspective. It covers the mechanics of investing in Clean Harbors from account funding through order execution.

Moving together with Clean Stock

0.64	T	ATT Inc Aggressive Push	Pair Corr
0.73	VZ	Verizon Communications	Pair Corr
0.74	MCD	McDonalds Sell-off Trend	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr

Moving against Clean Stock

0.75	AXP	American Express	Pair Corr
0.74	IBM	International Business	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr
0.7	BAC	Bank of America	Pair Corr
0.6	ZTLLF	Zonetail	Pair Corr
0.46	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	AYI	CR	WMS	ERJ	PAC	BLD	ARMK	SWK	OC	BAH
AYI		0.27	0.23	-0.52	0.55	0.39	-0.55	0.27	0.27	0.4	AYI
CR	0.27		0.73	0.08	0.52	0.7	0.22	0.77	0.63	0.33	CR
WMS	0.23	0.73		0.06	0.7	0.86	0.28	0.95	0.89	-0.03	WMS
ERJ	-0.52	0.08	0.06		-0.26	-0.03	0.53	0.15	0.06	0.01	ERJ
PAC	0.55	0.52	0.7	-0.26		0.89	-0.24	0.74	0.83	0.32	PAC
BLD	0.39	0.7	0.86	-0.03	0.89		-0.03	0.92	0.96	0.27	BLD
ARMK	-0.55	0.22	0.28	0.53	-0.24	-0.03		0.26	0.08	-0.53	ARMK
SWK	0.27	0.77	0.95	0.15	0.74	0.92	0.26		0.93	0.09	SWK
OC	0.27	0.63	0.89	0.06	0.83	0.96	0.08	0.93		0.17	OC
BAH	0.4	0.33	-0.03	0.01	0.32	0.27	-0.53	0.09	0.17		BAH
	AYI	CR	WMS	ERJ	PAC	BLD	ARMK	SWK	OC	BAH

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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

OC	+ 0.96	BLD
SWK	+ 0.95	WMS
OC	+ 0.93	SWK
SWK	+ 0.92	BLD
OC	+ 0.89	WMS
BLD	+ 0.89	PAC

High negative correlations

ARMK	- 0.55	AYI
BAH	- 0.53	ARMK
ERJ	- 0.52	AYI
PAC	- 0.26	ERJ
ARMK	- 0.24	PAC
ARMK	- 0.03	BLD

Risk-Adjusted Indicators

Headline performance for Clean Stock may not fully reflect how the business compares across its competitive set. Risk-adjusted metrics help compare Clean Harbors' efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AYI	1.65	-0.37	0.00	-0.39	0.00	0.00	3.08	-3.34	16.54
CR	1.63	0.02	0.00	-0.05	0.00	0.00	2.77	-3.77	15.15
WMS	1.59	0.03	0.00	-0.05	0.00	0.00	3.31	-3.19	13.59
ERJ	1.64	0.14	0.09	-1.12	2.08	-1.65	4.08	-3.91	9.21
PAC	1.73	-0.03	0.00	-0.10	0.00	0.00	3.02	-4.11	11.17
BLD	2.00	-0.18	0.00	-0.17	0.00	0.00	4.01	-4.21	10.74
ARMK	1.06	0.03	0.08	-0.17	1.46	-1.23	2.58	-1.92	12.74
SWK	1.70	0.09	0.00	-0.02	0.00	0.00	3.91	-3.59	9.68
OC	1.71	0.05	0.00	-0.04	0.00	0.00	4.56	-3.99	10.86
BAH	2.20	-0.01	0.00	-0.08	0.00	0.00	5.23	-4.80	18.05

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