Constellium Correlations
| CSTM Stock | USD 13.67 0.14 1.01% |
The current 90-days correlation between Constellium Nv and Kaiser Aluminum is 0.62 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Constellium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Constellium Nv moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Constellium Correlation With Market
Very weak diversification
The correlation between Constellium Nv and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Constellium Nv and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Constellium Stock
| 0.64 | B | Barrick Mining Symbol Change | PairCorr |
| 0.88 | AA | Alcoa Corp | PairCorr |
| 0.74 | AG | First Majestic Silver Aggressive Push | PairCorr |
| 0.7 | AU | AngloGold Ashanti plc Earnings Call This Week | PairCorr |
| 0.97 | CE | Celanese | PairCorr |
| 0.89 | CF | CF Industries Holdings | PairCorr |
| 0.88 | CX | Cemex SAB de Aggressive Push | PairCorr |
| 0.85 | DC | Dakota Gold Corp | PairCorr |
| 0.81 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.84 | EU | enCore Energy Corp | PairCorr |
| 0.77 | IE | Ivanhoe Electric | PairCorr |
| 0.8 | MT | ArcelorMittal SA ADR Earnings Call This Week | PairCorr |
| 0.69 | NC | NACCO Industries Earnings Call This Week | PairCorr |
| 0.87 | NX | Quanex Building Products | PairCorr |
| 0.77 | OR | Osisko Gold Ro | PairCorr |
| 0.88 | RS | Reliance Steel Aluminum | PairCorr |
| 0.72 | SA | Seabridge Gold | PairCorr |
| 0.9 | TT | Trane Technologies plc Earnings Call This Week | PairCorr |
| 0.85 | TX | Ternium SA ADR Earnings Call This Week | PairCorr |
| 0.64 | WS | Worthington Steel | PairCorr |
| 0.95 | ECVT | Ecovyst Earnings Call This Week | PairCorr |
Moving against Constellium Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Constellium Stock performing well and Constellium 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 Constellium'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KALU | 1.74 | 0.37 | 0.33 | 0.44 | 0.99 | 5.30 | 9.01 | |||
| CENX | 2.69 | 0.38 | 0.20 | 0.53 | 1.89 | 6.70 | 25.61 | |||
| NHYDY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OEC | 2.22 | (0.33) | 0.00 | (0.04) | 0.00 | 4.20 | 13.26 | |||
| TROX | 3.33 | 0.44 | 0.01 | (0.40) | 3.75 | 8.02 | 21.48 |