Linde Plc Correlations
| LIN Stock | USD 482.71 0.79 0.16% |
The current 90-days correlation between Linde plc Ordinary and PPG Industries is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Linde Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Linde plc Ordinary moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Linde Plc Correlation With Market
Poor diversification
The correlation between Linde plc Ordinary and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Linde plc Ordinary and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Linde Stock
| 0.63 | CC | Chemours | PairCorr |
| 0.61 | ALB | Albemarle Corp Buyout Trend | PairCorr |
| 0.75 | ASH | Ashland Global Holdings | PairCorr |
| 0.78 | CBT | Cabot | PairCorr |
| 0.69 | CMT | Core Molding Technologies | PairCorr |
| 0.84 | ECL | Ecolab Inc | PairCorr |
| 0.68 | FSI | Flexible Solutions Upward Rally | PairCorr |
| 0.73 | KWR | Quaker Chemical | PairCorr |
| 0.71 | MTX | Minerals Technologies | PairCorr |
| 0.64 | NEU | NewMarket | PairCorr |
| 0.72 | RPM | RPM International | PairCorr |
| 0.68 | SHW | Sherwin Williams | PairCorr |
| 0.68 | SQM | Sociedad Quimica y | PairCorr |
| 0.62 | WLK | Westlake Chemical | PairCorr |
Moving against Linde Stock
| 0.52 | FF | FutureFuel Corp | PairCorr |
| 0.4 | IFF | International Flavors | PairCorr |
| 0.31 | EMN | Eastman Chemical | PairCorr |
| 0.46 | CRKN | Crown Electrokinetics | PairCorr |
| 0.44 | TSE | Trinseo SA | PairCorr |
| 0.33 | CNEY | CN Energy Group | PairCorr |
Related Correlations Analysis
| 0.38 | 0.07 | 0.58 | 0.86 | 0.62 | -0.52 | APD | ||
| 0.38 | 0.16 | 0.3 | 0.26 | -0.17 | 0.22 | PPG | ||
| 0.07 | 0.16 | 0.66 | 0.21 | 0.42 | -0.32 | SHW | ||
| 0.58 | 0.3 | 0.66 | 0.72 | 0.67 | -0.63 | ECL | ||
| 0.86 | 0.26 | 0.21 | 0.72 | 0.7 | -0.73 | ALB | ||
| 0.62 | -0.17 | 0.42 | 0.67 | 0.7 | -0.83 | SPGI | ||
| -0.52 | 0.22 | -0.32 | -0.63 | -0.73 | -0.83 | ROP | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Linde Stock performing well and Linde Plc 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 Linde Plc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APD | 0.94 | 0.01 | 0.02 | 0.13 | 0.88 | 1.97 | 4.99 | |||
| PPG | 1.21 | (0.16) | (0.05) | 0.02 | 1.71 | 2.42 | 8.69 | |||
| SHW | 1.01 | (0.08) | (0.04) | 0.05 | 1.29 | 3.00 | 7.64 | |||
| ECL | 0.77 | 0.02 | (0.01) | 0.14 | 1.06 | 1.60 | 5.73 | |||
| ALB | 2.85 | 0.46 | 0.14 | 0.56 | 2.88 | 7.57 | 18.80 | |||
| SPGI | 0.72 | 0.04 | 0.00 | 0.18 | 0.64 | 1.85 | 5.47 | |||
| ROP | 0.82 | (0.21) | 0.00 | (0.18) | 0.00 | 1.31 | 4.67 |