Ecovyst Correlations

ECVT Stock

USD 8.72 0.03 0.34%

The current 90-days correlation between Ecovyst and Orion Engineered Carbons is 0.01 (i.e., Significant diversification). The correlation of Ecovyst 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.

Ecovyst Correlation With Market

Average diversification

The correlation between Ecovyst and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ecovyst and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ecovyst Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ecovyst. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Ecovyst Stock please use our How to Invest in Ecovyst guide.

Moving together with Ecovyst Stock

0.79	CC	Chemours	Pair Corr
0.77	DD	Dupont De Nemours	Pair Corr
0.67	ALB-PA	Albemarle	Pair Corr
0.68	ALB	Albemarle Corp	Pair Corr
0.61	CMT	Core Molding Technologies	Pair Corr
0.82	ESI	Element Solutions	Pair Corr
0.71	FSI	Flexible Solutions	Pair Corr
0.73	KWR	Quaker Chemical	Pair Corr
0.79	MTX	Minerals Technologies	Pair Corr
0.72	NEU	NewMarket	Pair Corr
0.77	PRM	Perimeter Solutions	Pair Corr
0.66	RPM	RPM International Earnings Call Today	Pair Corr
0.68	SQM	Sociedad Quimica y Sell-off Trend	Pair Corr
0.79	SSL	Sasol	Pair Corr
0.67	WLK	Westlake Chemical	Pair Corr
0.63	GEVO	Gevo Inc	Pair Corr
0.63	LWLG	Lightwave Logic	Pair Corr

Moving against Ecovyst Stock

0.55	KOP	Koppers Holdings	Pair Corr
0.41	IFF	International Flavors	Pair Corr
0.36	SCL	Stepan Company	Pair Corr
0.69	CRKN	Crown Electrokinetics	Pair Corr
0.38	TSE	Trinseo SA	Pair Corr
0.34	BGLC	BioNexus Gene Lab	Pair Corr
0.34	CNEY	CN Energy Group	Pair Corr

Related Correlations Analysis

	OEC	CBT	MTX	KWR	ODC	ESI	SXT	IOSP	FUL	NEU
OEC		0.16	-0.29	-0.28	-0.43	-0.36	0.5	0.8	0.32	-0.52	OEC
CBT	0.16		0.54	0.81	0.32	0.62	0.3	0.49	0.56	0.64	CBT
MTX	-0.29	0.54		0.81	0.55	0.8	0.08	-0.01	0.24	0.8	MTX
KWR	-0.28	0.81	0.81		0.55	0.89	0.18	0.1	0.38	0.9	KWR
ODC	-0.43	0.32	0.55	0.55		0.79	-0.37	-0.17	0.43	0.73	ODC
ESI	-0.36	0.62	0.8	0.89	0.79		-0.06	0.03	0.5	0.9	ESI
SXT	0.5	0.3	0.08	0.18	-0.37	-0.06		0.3	-0.23	-0.12	SXT
IOSP	0.8	0.49	-0.01	0.1	-0.17	0.03	0.3		0.69	-0.11	IOSP
FUL	0.32	0.56	0.24	0.38	0.43	0.5	-0.23	0.69		0.32	FUL
NEU	-0.52	0.64	0.8	0.9	0.73	0.9	-0.12	-0.11	0.32		NEU
	OEC	CBT	MTX	KWR	ODC	ESI	SXT	IOSP	FUL	NEU

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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

NEU	+ 0.9	KWR
NEU	+ 0.9	ESI
ESI	+ 0.89	KWR
KWR	+ 0.81	CBT
KWR	+ 0.81	MTX
IOSP	+ 0.8	OEC

High negative correlations

NEU	- 0.52	OEC
ODC	- 0.43	OEC
SXT	- 0.37	ODC
ESI	- 0.36	OEC
MTX	- 0.29	OEC
KWR	- 0.28	OEC

Risk-Adjusted Indicators

There is a big difference between Ecovyst Stock performing well and Ecovyst 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 Ecovyst'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
OEC	2.77	(0.69)	0.00	(0.17)	0.00	0.00	4.80	(6.46)	30.34
CBT	1.47	(0.15)	(0.05)	0.01	1.60	(1.76)	3.86	(2.89)	11.85
MTX	1.59	0.18	0.07	0.55	1.68	(1.70)	4.37	(2.72)	16.93
KWR	1.98	0.03	0.06	0.11	1.94	(2.40)	4.48	(3.26)	11.81
ODC	1.40	(0.02)	(0.01)	0.07	1.74	(1.53)	2.36	(3.08)	9.97
ESI	1.25	0.04	0.03	0.13	1.15	(1.47)	2.91	(2.05)	6.41
SXT	1.22	(0.17)	0.00	(0.07)	0.00	0.00	2.34	(2.60)	10.15
IOSP	1.19	(0.25)	0.00	(0.11)	0.00	0.00	2.67	(2.51)	6.82
FUL	1.50	(0.22)	0.00	(0.05)	0.00	0.00	3.44	(2.59)	8.82
NEU	0.96	0.24	0.17	0.67	0.84	(1.06)	2.06	(1.57)	4.73

Ecovyst Corporate Management

Martin Craighead	Independent Director	Profile
Mark McFadden	Independent Director	Profile
Greg Brenneman	Independent Director	Profile
Christopher Behrens	Independent Director	Profile
Susan Ward	Independent Director	Profile
Colleen Donofrio	Vice Sustainability	Profile

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