Kronos Worldwide Correlations

KRO Stock

USD 6.09 0.12 1.93%

The current 90-days correlation between Kronos Worldwide and Oil Dri is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kronos Worldwide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kronos Worldwide moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kronos Worldwide Correlation With Market

Good diversification

The correlation between Kronos Worldwide and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kronos Worldwide and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kronos Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kronos Worldwide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Kronos Stock, please use our How to Invest in Kronos Worldwide guide.

Moving together with Kronos Stock

0.87	CC	Chemours	Pair Corr
0.69	ASH	Ashland Global Holdings	Pair Corr
0.69	CBT	Cabot	Pair Corr
0.72	OEC	Orion Engineered Carbons Earnings Call This Week	Pair Corr
0.75	SQM	Sociedad Quimica y	Pair Corr
0.64	TSE	Trinseo SA	Pair Corr
0.79	WLK	Westlake Chemical	Pair Corr
0.79	IOSP	Innospec	Pair Corr

Moving against Kronos Stock

0.6	CMT	Core Molding Technologies	Pair Corr
0.6	PRM	Perimeter Solutions	Pair Corr
0.46	NEU	NewMarket	Pair Corr
0.4	ECVT	Ecovyst	Pair Corr
0.31	KOP	Koppers Holdings	Pair Corr
0.65	X	United States Steel Sell-off Trend	Pair Corr
0.61	HWKN	Hawkins	Pair Corr
0.38	SXT	Sensient Technologies	Pair Corr
0.38	B	Barrick Mining Symbol Change	Pair Corr
0.36	SSL	Sasol	Pair Corr
0.35	LOOP	Loop Industries	Pair Corr

Related Correlations Analysis

	ODC	KWR	ECVT	MTX	ESI	PRM	SXT	TSE	WTTR	OEC
ODC		0.31	0.88	0.15	0.34	0.78	0.52	-0.26	0.09	-0.26	ODC
KWR	0.31		0.15	0.86	0.84	-0.17	-0.38	0.45	0.89	0.68	KWR
ECVT	0.88	0.15		0.08	0.37	0.87	0.74	-0.42	-0.06	-0.42	ECVT
MTX	0.15	0.86	0.08		0.82	-0.29	-0.51	0.24	0.72	0.69	MTX
ESI	0.34	0.84	0.37	0.82		-0.06	-0.07	0.34	0.68	0.55	ESI
PRM	0.78	-0.17	0.87	-0.29	-0.06		0.83	-0.59	-0.27	-0.68	PRM
SXT	0.52	-0.38	0.74	-0.51	-0.07	0.83		-0.44	-0.46	-0.68	SXT
TSE	-0.26	0.45	-0.42	0.24	0.34	-0.59	-0.44		0.52	0.64	TSE
WTTR	0.09	0.89	-0.06	0.72	0.68	-0.27	-0.46	0.52		0.71	WTTR
OEC	-0.26	0.68	-0.42	0.69	0.55	-0.68	-0.68	0.64	0.71		OEC
	ODC	KWR	ECVT	MTX	ESI	PRM	SXT	TSE	WTTR	OEC

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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

WTTR	+ 0.89	KWR
ECVT	+ 0.88	ODC
PRM	+ 0.87	ECVT
MTX	+ 0.86	KWR
ESI	+ 0.84	KWR
SXT	+ 0.83	PRM

High negative correlations

OEC	- 0.68	SXT
OEC	- 0.68	PRM
TSE	- 0.59	PRM
SXT	- 0.51	MTX
WTTR	- 0.46	SXT
TSE	- 0.44	SXT

Risk-Adjusted Indicators

There is a big difference between Kronos Stock performing well and Kronos Worldwide 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 Kronos Worldwide'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	1.50	0.27	0.13	0.44	1.63	(1.54)	2.52	(2.74)	10.93
KWR	2.10	(0.12)	0.00	0.66	0.00	0.00	4.98	(4.56)	20.89
ECVT	2.21	0.34	0.10	(1.35)	2.61	(2.61)	4.82	(5.00)	17.57
MTX	1.94	(0.26)	0.00	1.79	0.00	0.00	3.12	(4.46)	18.95
ESI	2.30	(0.18)	0.00	1.08	0.00	0.00	4.85	(4.93)	17.78
PRM	2.16	0.63	0.26	(2.25)	1.90	(2.56)	5.99	(3.12)	17.95
SXT	1.28	0.43	0.29	(1.86)	0.93	(1.60)	4.75	(1.79)	15.95
TSE	4.06	0.09	0.01	(0.13)	8.10	(3.81)	8.71	(10.32)	50.33
WTTR	2.54	0.04	0.00	3.07	4.21	(2.45)	4.75	(6.04)	18.79
OEC	2.48	(0.38)	0.00	(0.29)	0.00	0.00	4.20	(5.36)	23.00

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