Mativ Holdings Correlations

Stocks . USA . 
Stock . Mativ Holdings
MATV Stock  USD 12.32  0.07  0.57%   
The current 90-days correlation between Mativ Holdings and Orion Engineered Carbons is 0.77 (i.e., Poor diversification). The correlation of Mativ Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Mativ Holdings Correlation With Market

Modest diversification

The correlation between Mativ Holdings and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mativ Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Mativ Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mativ Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
For more information on how to buy Mativ Stock please use our How to Invest in Mativ Holdings guide.

Moving together with Mativ Stock

  0.78CC ChemoursPairCorr
  0.64ECVT EcovystPairCorr
  0.77ALB-PA AlbemarlePairCorr
  0.79ALB Albemarle CorpPairCorr
  0.8ASH Ashland Global HoldingsPairCorr
  0.76CBT CabotPairCorr
  0.79CMT Core Molding TechnologiesPairCorr
  0.92ECL Ecolab IncPairCorr
  0.77ESI Element SolutionsPairCorr
  0.94FSI Flexible Solutions TrendingPairCorr
  0.91KWR Quaker ChemicalPairCorr
  0.76LIN Linde plc Ordinary Sell-off TrendPairCorr
  0.72MTX Minerals TechnologiesPairCorr
  0.87NEU NewMarketPairCorr
  0.86PRM Perimeter SolutionsPairCorr
  0.78RPM RPM InternationalPairCorr
  0.62SHW Sherwin WilliamsPairCorr
  0.91SQM Sociedad Quimica yPairCorr
  0.84SSL SasolPairCorr
  0.7SXT Sensient TechnologiesPairCorr
  0.66WLK Westlake ChemicalPairCorr
  0.79GEVO Gevo IncPairCorr
  0.74HWKN HawkinsPairCorr
  0.66LWLG Lightwave Logic TrendingPairCorr

Moving against Mativ Stock

  0.75IFF International FlavorsPairCorr
  0.57KOP Koppers HoldingsPairCorr
  0.55EMN Eastman ChemicalPairCorr
  0.47FF FutureFuel CorpPairCorr
  0.63TSE Trinseo SAPairCorr
  0.51SCL Stepan CompanyPairCorr
  0.67CRKN Crown ElectrokineticsPairCorr
  0.63CNEY CN Energy GroupPairCorr

Related Correlations Analysis


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

ESI
+ 0.92
PRM
HWKN
+ 0.91
PRM
NGVT
+ 0.88
PRM
ECVT
+ 0.86
PRM
HWKN
+ 0.86
ESI
CBT
+ 0.86
NGVT
  

High negative correlations

NGVT
- 0.46
FF
HWKN
- 0.38
OEC
NGVT
- 0.37
WTTR
CBT
- 0.33
WTTR
CBT
- 0.32
FF
HWKN
- 0.32
FF

Risk-Adjusted Indicators

There is a big difference between Mativ Stock performing well and Mativ Holdings 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 Mativ Holdings' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OEC  2.70 (0.22)(0.02) 0.03  3.38 
(2.94)
 4.80 
(5.98)
 27.31 
WTTR  1.85  0.11 (0.03)(0.17) 2.27 
(2.04)
 4.05 
(3.66)
 13.49 
PRM  1.67  0.83  0.57  0.98  0.61 
(2.10)
 6.57 
(2.08)
 11.57 
FF  1.82 (0.02)(0.03) 0.10  2.18 
(1.89)
 3.81 
(3.44)
 11.67 
ECVT  1.75  0.34  0.10  6.84  1.93 
(2.04)
 3.90 
(2.67)
 12.59 
ESI  1.33  0.12  0.11  0.23  1.14 
(1.58)
 3.24 
(2.15)
 6.38 
MTX  1.74 (0.04) 0.03  0.11  1.96 
(1.94)
 4.37 
(3.35)
 16.93 
NGVT  2.12  0.31  0.22  0.29  1.63 
(2.65)
 5.38 
(3.33)
 22.91 
HWKN  1.33  0.35  0.21  0.57  1.14 
(1.51)
 3.93 
(2.73)
 10.09 
CBT  1.54 (0.04) 0.03  0.11  1.48 
(1.81)
 3.87 
(2.86)
 11.84 

Mativ Holdings Corporate Executives

Elected by the shareholders, the Mativ Holdings' board of directors comprises two types of representatives: Mativ Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mativ. The board's role is to monitor Mativ Holdings' management team and ensure that shareholders' interests are well served. Mativ Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mativ Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Gregory WeitzelCFO VPProfile
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