Constellium Correlations

CSTM Stock

USD 18.95 0.05 0.26%

The current 90-days correlation between Constellium Nv and Kaiser Aluminum is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Constellium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Constellium Nv moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Constellium Correlation With Market

Very weak diversification

The correlation between Constellium Nv and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Constellium Nv and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Constellium Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Constellium Nv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Constellium Stock

0.79	B	Barrick Mining Symbol Change	Pair Corr
0.94	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.82	AG	First Majestic Silver Aggressive Push	Pair Corr
0.82	AP	Ampco Pittsburgh	Pair Corr
0.62	AU	AngloGold Ashanti plc	Pair Corr
0.87	HL	Hecla Mining	Pair Corr
0.87	MT	ArcelorMittal SA ADR	Pair Corr
0.78	RS	Reliance Steel Aluminum	Pair Corr
0.81	WIA	WIA Gold	Pair Corr
0.78	SA	Seabridge Gold	Pair Corr
0.86	TX	Ternium SA ADR	Pair Corr
0.89	WS	Worthington Steel	Pair Corr
0.86	VALE	Vale SA ADR	Pair Corr
0.82	300337	Yinbang Clad Material	Pair Corr
0.64	KTO	K2 Gold	Pair Corr

Moving against Constellium Stock

0.54	AML	Argus Metals Corp	Pair Corr
0.49	VG	Volcanic Gold Mines	Pair Corr
0.46	ARI	Arika Resources	Pair Corr
0.46	002237	Shandong Humon Smelting	Pair Corr
0.65	TES	Tesoro Minerals Corp	Pair Corr
0.6	DBO	Diablo Resources	Pair Corr
0.48	600282	Nanjing Iron Steel	Pair Corr
0.38	000409	Yunding Technology	Pair Corr

Related Correlations Analysis

	KALU	CENX	DRD	SID	OLN	ERO	ASH	BCC	MTRN	FSM
KALU		0.53	0.44	0.61	-0.57	0.6	0.88	0.04	0.17	0.5	KALU
CENX	0.53		0.62	0.32	0.05	0.4	0.53	0.14	0.55	0.58	CENX
DRD	0.44	0.62		0.08	0.07	0.65	0.62	0.36	0.36	0.9	DRD
SID	0.61	0.32	0.08		-0.14	0.18	0.59	0.11	0.33	0.21	SID
OLN	-0.57	0.05	0.07	-0.14		-0.22	-0.3	0.55	0.52	0.11	OLN
ERO	0.6	0.4	0.65	0.18	-0.22		0.73	0.46	0.19	0.72	ERO
ASH	0.88	0.53	0.62	0.59	-0.3	0.73		0.34	0.35	0.71	ASH
BCC	0.04	0.14	0.36	0.11	0.55	0.46	0.34		0.39	0.55	BCC
MTRN	0.17	0.55	0.36	0.33	0.52	0.19	0.35	0.39		0.42	MTRN
FSM	0.5	0.58	0.9	0.21	0.11	0.72	0.71	0.55	0.42		FSM
	KALU	CENX	DRD	SID	OLN	ERO	ASH	BCC	MTRN	FSM

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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

FSM	+ 0.9	DRD
ASH	+ 0.88	KALU
ASH	+ 0.73	ERO
FSM	+ 0.72	ERO
FSM	+ 0.71	ASH
ERO	+ 0.65	DRD

High negative correlations

OLN	- 0.57	KALU
ASH	- 0.3	OLN
ERO	- 0.22	OLN
OLN	- 0.14	SID

Risk-Adjusted Indicators

There is a big difference between Constellium Stock performing well and Constellium 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 Constellium'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
KALU	2.00	0.64	0.31	0.48	1.56	(2.32)	4.99	(2.52)	23.87
CENX	3.30	0.53	0.14	0.33	3.73	(3.83)	7.82	(6.55)	27.76
DRD	2.88	0.29	0.06	0.38	3.81	(2.84)	5.33	(6.03)	18.54
SID	2.27	(0.01)	0.02	0.06	2.83	(2.83)	5.56	(4.65)	14.12
OLN	2.53	(0.25)	0.00	(0.03)	0.00	0.00	5.79	(4.71)	19.65
ERO	2.31	0.59	0.14	(0.66)	2.77	(2.50)	4.94	(4.64)	15.87
ASH	1.56	0.25	0.13	0.37	1.48	(1.67)	4.54	(2.86)	13.17
BCC	1.61	(0.16)	0.00	(0.05)	0.00	0.00	3.04	(3.16)	10.73
MTRN	1.63	(0.01)	0.02	0.07	2.88	(1.64)	3.42	(2.82)	19.47
FSM	2.23	0.22	0.07	0.27	2.94	(2.39)	4.83	(4.62)	16.83

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