FutureFuel Corp Correlations

FF Stock

USD 3.89 0.01 0.26%

The current 90-days correlation between FutureFuel Corp and Oil Dri is 0.23 (i.e., Modest diversification). The correlation of FutureFuel Corp 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.

FutureFuel Corp Correlation With Market

Weak diversification

The correlation between FutureFuel Corp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FutureFuel Corp and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with FutureFuel Stock

0.74	CC	Chemours	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.61	WTTR	Select Energy Services	Pair Corr
0.71	ALB-PA	Albemarle	Pair Corr
0.72	ALB	Albemarle Corp	Pair Corr
0.68	APD	Air Products	Pair Corr
0.71	ASH	Ashland Global Holdings	Pair Corr
0.64	CBT	Cabot	Pair Corr
0.71	EMN	Eastman Chemical	Pair Corr
0.69	ESI	Element Solutions	Pair Corr
0.71	KRO	Kronos Worldwide	Pair Corr
0.74	KWR	Quaker Chemical	Pair Corr
0.74	LYB	LyondellBasell Industries	Pair Corr
0.63	MTX	Minerals Technologies	Pair Corr
0.66	OEC	Orion Engineered Carbons	Pair Corr
0.75	OLN	Olin	Pair Corr
0.7	SQM	Sociedad Quimica y	Pair Corr
0.7	WLK	Westlake Chemical	Pair Corr

Moving against FutureFuel Stock

0.65	CMT	Core Molding Technologies	Pair Corr
0.42	NEU	NewMarket	Pair Corr
0.41	PRM	Perimeter Solutions	Pair Corr
0.32	FEAM	5E Advanced Materials	Pair Corr
0.61	HWKN	Hawkins	Pair Corr
0.51	X	United States Steel	Pair Corr
0.41	B	Barrick Mining Symbol Change	Pair Corr
0.36	SXT	Sensient Technologies	Pair Corr

Related Correlations Analysis

	ODC	KWR	ECVT	MTX	ESI	OEC	WTTR	PRM	KRO	IOSP
ODC		0.3	0.86	0.41	0.53	-0.09	0.14	0.54	-0.23	0.12	ODC
KWR	0.3		0.08	0.93	0.87	0.84	0.88	-0.47	0.65	0.89	KWR
ECVT	0.86	0.08		0.17	0.4	-0.31	-0.09	0.75	-0.21	0.0	ECVT
MTX	0.41	0.93	0.17		0.86	0.74	0.78	-0.4	0.51	0.79	MTX
ESI	0.53	0.87	0.4	0.86		0.65	0.72	-0.21	0.6	0.85	ESI
OEC	-0.09	0.84	-0.31	0.74	0.65		0.84	-0.75	0.78	0.84	OEC
WTTR	0.14	0.88	-0.09	0.78	0.72	0.84		-0.47	0.67	0.8	WTTR
PRM	0.54	-0.47	0.75	-0.4	-0.21	-0.75	-0.47		-0.56	-0.54	PRM
KRO	-0.23	0.65	-0.21	0.51	0.6	0.78	0.67	-0.56		0.83	KRO
IOSP	0.12	0.89	0.0	0.79	0.85	0.84	0.8	-0.54	0.83		IOSP
	ODC	KWR	ECVT	MTX	ESI	OEC	WTTR	PRM	KRO	IOSP

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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

MTX	+ 0.93	KWR
IOSP	+ 0.89	KWR
WTTR	+ 0.88	KWR
ESI	+ 0.87	KWR
ECVT	+ 0.86	ODC
ESI	+ 0.86	MTX

High negative correlations

PRM	- 0.75	OEC
KRO	- 0.56	PRM
IOSP	- 0.54	PRM
PRM	- 0.47	WTTR
PRM	- 0.47	KWR
PRM	- 0.4	MTX

Risk-Adjusted Indicators

There is a big difference between FutureFuel Stock performing well and FutureFuel Corp 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 FutureFuel Corp'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
ODC	1.56	0.29	0.13	0.41	1.88	(1.56)	2.52	(4.30)	13.83
KWR	2.00	(0.29)	0.00	(0.20)	0.00	0.00	4.61	(4.56)	20.89
ECVT	2.22	0.29	0.10	0.21	2.63	(2.65)	4.82	(5.00)	17.57
MTX	1.77	(0.21)	0.00	(0.20)	0.00	0.00	3.12	(4.46)	18.95
ESI	2.28	(0.17)	0.00	(0.11)	0.00	0.00	4.85	(4.93)	17.78
OEC	2.36	(0.22)	0.00	(0.20)	0.00	0.00	4.19	(4.77)	22.95
WTTR	2.63	(0.20)	0.00	(0.15)	0.00	0.00	4.75	(6.04)	18.79
PRM	2.20	0.48	0.20	0.44	2.05	(2.59)	5.99	(3.77)	17.95
KRO	2.40	(0.33)	0.00	(0.26)	0.00	0.00	3.95	(6.03)	19.81
IOSP	1.33	(0.17)	0.00	(0.19)	0.00	0.00	2.36	(2.97)	11.52

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