Balchem Correlations

BCPC Stock

USD 152.42 0.60 0.39%

The current 90-days correlation between Balchem and Sensient Technologies is 0.25 (i.e., Modest diversification). The correlation of Balchem 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.

Balchem Correlation With Market

Very weak diversification

The correlation between Balchem and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balchem and DJI in the same portfolio, assuming nothing else is changed.

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

For information on how to trade Balchem Stock refer to our How to Trade Balchem Stock guide.

Moving together with Balchem Stock

0.67	RPM	RPM International Earnings Call This Week	Pair Corr
0.76	SHW	Sherwin Williams Sell-off Trend	Pair Corr

Moving against Balchem Stock

0.51	CC	Chemours Earnings Call This Week	Pair Corr
0.34	FF	FutureFuel Corp	Pair Corr
0.51	WLK	Westlake Chemical	Pair Corr
0.43	TSE	Trinseo SA	Pair Corr
0.42	SQM	Sociedad Quimica y	Pair Corr
0.33	GEVO	Gevo Inc	Pair Corr
0.31	LYB	LyondellBasell Industries	Pair Corr

Related Correlations Analysis

	SXT	IOSP	MTX	ODC	FUL	KWR	CBT	ASH	AXTA
SXT		-0.07	0.24	0.78	0.79	0.78	-0.05	0.36	-0.35	SXT
IOSP	-0.07		-0.02	-0.48	-0.06	-0.19	0.32	0.28	0.77	IOSP
MTX	0.24	-0.02		0.32	0.51	0.42	0.16	0.37	0.01	MTX
ODC	0.78	-0.48	0.32		0.74	0.87	-0.04	0.27	-0.73	ODC
FUL	0.79	-0.06	0.51	0.74		0.86	0.37	0.63	-0.3	FUL
KWR	0.78	-0.19	0.42	0.87	0.86		0.31	0.6	-0.52	KWR
CBT	-0.05	0.32	0.16	-0.04	0.37	0.31		0.75	0.2	CBT
ASH	0.36	0.28	0.37	0.27	0.63	0.6	0.75		0.1	ASH
AXTA	-0.35	0.77	0.01	-0.73	-0.3	-0.52	0.2	0.1		AXTA
	SXT	IOSP	MTX	ODC	FUL	KWR	CBT	ASH	AXTA

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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

KWR	+ 0.87	ODC
KWR	+ 0.86	FUL
FUL	+ 0.79	SXT
ODC	+ 0.78	SXT
KWR	+ 0.78	SXT
AXTA	+ 0.77	IOSP

High negative correlations

AXTA	- 0.73	ODC
AXTA	- 0.52	KWR
ODC	- 0.48	IOSP
AXTA	- 0.35	SXT
AXTA	- 0.3	FUL
KWR	- 0.19	IOSP

Risk-Adjusted Indicators

There is a big difference between Balchem Stock performing well and Balchem 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 Balchem'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
SXT	1.23	0.51	0.56	1.06	0.00	(1.58)	4.75	(1.08)	15.95
IOSP	1.09	(0.16)	0.00	(0.06)	0.00	0.00	2.47	(2.76)	6.32
MTX	1.67	(0.08)	(0.02)	0.07	2.48	(1.71)	3.51	(3.37)	12.14
ODC	1.49	0.41	0.21	0.60	1.34	(1.74)	3.13	(2.74)	12.23
FUL	1.57	0.02	0.03	0.15	1.45	(1.97)	3.43	(2.56)	13.34
KWR	1.91	0.06	0.05	0.18	1.78	(2.33)	4.98	(3.47)	15.11
CBT	1.20	(0.20)	0.00	(0.05)	0.00	0.00	2.74	(2.42)	9.23
ASH	1.78	(0.13)	(0.03)	0.04	2.60	(1.75)	3.33	(3.12)	12.88
AXTA	1.32	(0.22)	0.00	(0.06)	0.00	0.00	2.61	(2.48)	9.69

Balchem Corporate Management

Hatsuki Miyata	General VP	Profile
William CPA	VP Officer	Profile
Frederic Boned	Senior Health	Profile
CPA CPA	Chief Officer	Profile
Brent Tignor	Senior Officer	Profile
Carl Bengtsson	CFO Treasurer	Profile

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