Ecolab Correlations
| ECL Stock | USD 244.50 0.07 0.03% |
The current 90-days correlation between Ecolab Inc and Minerals Technologies is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ecolab moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecolab Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ecolab Correlation With Market
Poor diversification
The correlation between Ecolab Inc and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ecolab Inc and DJI in the same portfolio, assuming nothing else is changed.
Ecolab |
Moving together with Ecolab Stock
| 0.82 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.72 | ALB-PA | Albemarle | PairCorr |
| 0.7 | ALB | Albemarle Corp | PairCorr |
| 0.71 | APD | Air Products | PairCorr |
| 0.88 | CBT | Cabot | PairCorr |
| 0.86 | EMN | Eastman Chemical | PairCorr |
| 0.85 | FSI | Flexible Solutions | PairCorr |
| 0.91 | IFF | International Flavors | PairCorr |
| 0.77 | KRO | Kronos Worldwide | PairCorr |
| 0.95 | LIN | Linde plc Ordinary | PairCorr |
| 0.73 | MTX | Minerals Technologies | PairCorr |
| 0.86 | PPG | PPG Industries Fiscal Year End 16th of January 2025 | PairCorr |
| 0.84 | PRM | Perimeter Solutions | PairCorr |
| 0.75 | RPM | RPM International | PairCorr |
| 0.85 | SHW | Sherwin Williams Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | SQM | Sociedad Quimica y | PairCorr |
| 0.89 | SXT | Sensient Technologies | PairCorr |
| 0.82 | TSE | Trinseo SA | PairCorr |
| 0.73 | GEVO | Gevo Inc Buyout Trend | PairCorr |
Moving against Ecolab Stock
| 0.73 | FEAM | 5E Advanced Materials | PairCorr |
| 0.41 | HGAS | Global Gas Symbol Change | PairCorr |
| 0.37 | SSL | Sasol | PairCorr |
Related Correlations Analysis
| -0.01 | 0.73 | 0.11 | -0.05 | 0.54 | MTX | ||
| -0.01 | 0.15 | 0.43 | 0.67 | 0.38 | KWR | ||
| 0.73 | 0.15 | 0.02 | -0.21 | 0.29 | ODC | ||
| 0.11 | 0.43 | 0.02 | 0.33 | -0.09 | ECVT | ||
| -0.05 | 0.67 | -0.21 | 0.33 | 0.52 | OEC | ||
| 0.54 | 0.38 | 0.29 | -0.09 | 0.52 | HWKN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Ecolab Stock performing well and Ecolab 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 Ecolab'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MTX | 1.18 | (0.05) | (0.01) | 0.04 | 1.43 | 2.46 | 6.73 | |||
| KWR | 1.34 | (0.20) | 0.00 | (0.07) | 0.00 | 2.23 | 6.26 | |||
| ODC | 1.22 | 0.03 | 0.02 | 0.10 | 1.32 | 2.90 | 9.53 | |||
| ECVT | 1.87 | 0.12 | 0.08 | 0.15 | 1.79 | 4.50 | 10.28 | |||
| OEC | 2.29 | (0.38) | 0.00 | (0.09) | 0.00 | 5.35 | 14.11 | |||
| HWKN | 1.71 | (0.30) | 0.00 | (0.11) | 0.00 | 3.27 | 12.83 |