Braskem SA Correlations

BAK Stock

USD 3.20 0.14 4.58%

The current 90-days correlation between Braskem SA Class and Huntsman is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Braskem SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Braskem SA Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Braskem SA Correlation With Market

Modest diversification

The correlation between Braskem SA Class 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 Braskem SA Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Braskem Stock

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

Moving against Braskem Stock

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0.62	IE	Ivanhoe Electric	Pair Corr
0.55	B	Barrick Mining Earnings Call Today	Pair Corr
0.55	EU	enCore Energy Corp	Pair Corr
0.53	AG	First Majestic Silver	Pair Corr
0.51	DC	Dakota Gold Corp	Pair Corr
0.47	AU	AngloGold Ashanti plc	Pair Corr
0.37	CC	Chemours Earnings Call This Week	Pair Corr
0.35	AA	Alcoa Corp	Pair Corr
0.33	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.31	HL	Hecla Mining	Pair Corr
0.65	NC	NACCO Industries Earnings Call This Week	Pair Corr
0.63	MP	MP Materials Corp	Pair Corr
0.57	SA	Seabridge Gold	Pair Corr
0.56	WS	Worthington Steel	Pair Corr
0.53	RS	Reliance Steel Aluminum Earnings Call Tomorrow	Pair Corr
0.47	VAPE	Vape Holdings Symbol Change	Pair Corr
0.44	TX	Ternium SA ADR Earnings Call This Week	Pair Corr
0.4	OR	Osisko Gold Ro	Pair Corr
0.34	NB	NioCorp Developments	Pair Corr
0.34	NX	Quanex Building Products	Pair Corr
0.52	ELBM	Electra Battery Materials	Pair Corr
0.52	ALB-PA	Albemarle	Pair Corr
0.49	ALB	Albemarle Corp	Pair Corr
0.46	ECVT	Ecovyst	Pair Corr
0.39	WTTR	Select Energy Services	Pair Corr
0.32	ENFY	Enlightify Symbol Change	Pair Corr

Related Correlations Analysis

	VHI	HUN	UNVR	LXU	WLKP	TROX	SIRE	ASIX	MEOH	GPRE
VHI		-0.04	0.0	0.13	0.19	0.05	0.0	-0.05	0.04	0.53	VHI
HUN	-0.04		0.0	-0.74	0.79	-0.13	0.0	-0.66	-0.65	-0.47	HUN
UNVR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	UNVR
LXU	0.13	-0.74	0.0		-0.7	0.39	0.0	0.76	0.87	0.77	LXU
WLKP	0.19	0.79	0.0	-0.7		-0.1	0.0	-0.48	-0.52	-0.44	WLKP
TROX	0.05	-0.13	0.0	0.39	-0.1		0.0	0.34	0.27	0.26	TROX
SIRE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SIRE
ASIX	-0.05	-0.66	0.0	0.76	-0.48	0.34	0.0		0.77	0.37	ASIX
MEOH	0.04	-0.65	0.0	0.87	-0.52	0.27	0.0	0.77		0.58	MEOH
GPRE	0.53	-0.47	0.0	0.77	-0.44	0.26	0.0	0.37	0.58		GPRE
	VHI	HUN	UNVR	LXU	WLKP	TROX	SIRE	ASIX	MEOH	GPRE

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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

MEOH	+ 0.87	LXU
WLKP	+ 0.79	HUN
GPRE	+ 0.77	LXU
MEOH	+ 0.77	ASIX
ASIX	+ 0.76	LXU
GPRE	+ 0.58	MEOH

High negative correlations

LXU	- 0.74	HUN
WLKP	- 0.7	LXU
ASIX	- 0.66	HUN
MEOH	- 0.65	HUN
MEOH	- 0.52	WLKP
ASIX	- 0.48	WLKP

Risk-Adjusted Indicators

There is a big difference between Braskem Stock performing well and Braskem SA 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 Braskem SA'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
VHI	2.32	0.07	0.02	0.21	2.48	(2.85)	5.68	(3.36)	13.49
HUN	2.34	(0.23)	0.00	(5.52)	0.00	0.00	5.92	(4.54)	12.96
UNVR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LXU	2.04	0.66	0.28	1.04	1.89	(2.47)	5.35	(3.06)	12.27
WLKP	0.51	(0.06)	0.00	(0.18)	0.00	0.00	1.75	(1.12)	4.39
TROX	3.27	(0.13)	0.01	0.08	3.72	(3.66)	8.02	(6.27)	21.48
SIRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASIX	1.55	(0.04)	0.00	0.11	1.62	(1.75)	4.42	(2.93)	11.53
MEOH	1.74	0.32	0.10	1.38	1.84	(1.79)	4.58	(3.05)	12.75
GPRE	3.14	1.14	0.35	0.97	2.50	(3.85)	8.00	(4.02)	22.66

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