FutureFuel Corp Correlations

FF Stock

USD 5.62 0.05 0.88%

The current 90-days correlation between FutureFuel Corp and Oil Dri is 0.2 (i.e., Modest diversification). The correlation of FutureFuel Corp 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.

FutureFuel Corp Correlation With Market

Weak diversification

The correlation between FutureFuel Corp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FutureFuel Corp and DJI in the same portfolio, assuming nothing else is changed.

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

For more detail on how to invest in FutureFuel Stock please use our How to Invest in FutureFuel Corp guide.

Moving together with FutureFuel Stock

0.67	CMT	Core Molding Technologies	Pair Corr
0.71	FSI	Flexible Solutions	Pair Corr
0.63	IFF	International Flavors	Pair Corr
0.7	LIN	Linde plc Ordinary	Pair Corr
0.64	NEU	NewMarket	Pair Corr
0.61	PRM	Perimeter Solutions	Pair Corr
0.65	SHW	Sherwin Williams Fiscal Year End 23rd of January 2025	Pair Corr
0.65	TSE	Trinseo SA	Pair Corr

Moving against FutureFuel Stock

0.56	DNMR	Danimer Scientific	Pair Corr
0.53	FEAM	5E Advanced Materials	Pair Corr
0.39	ECVT	Ecovyst	Pair Corr
0.38	CC	Chemours	Pair Corr
0.33	ALB	Albemarle Corp	Pair Corr
0.32	ASH	Ashland Global Holdings Fiscal Year End 13th of November 2024	Pair Corr
0.39	OEC	Orion Engineered Carbons	Pair Corr

Related Correlations Analysis

	ODC	KWR	ECVT	MTX	ESI	OEC	WTTR	PRM	KRO	IOSP
ODC		-0.14	-0.58	-0.46	-0.32	-0.53	0.51	0.87	-0.27	-0.42	ODC
KWR	-0.14		0.79	0.79	0.7	0.83	0.38	-0.41	0.45	0.89	KWR
ECVT	-0.58	0.79		0.93	0.83	0.97	-0.06	-0.81	0.64	0.92	ECVT
MTX	-0.46	0.79	0.93		0.87	0.87	-0.08	-0.71	0.66	0.86	MTX
ESI	-0.32	0.7	0.83	0.87		0.76	-0.09	-0.53	0.85	0.74	ESI
OEC	-0.53	0.83	0.97	0.87	0.76		0.1	-0.76	0.58	0.95	OEC
WTTR	0.51	0.38	-0.06	-0.08	-0.09	0.1		0.39	-0.16	0.17	WTTR
PRM	0.87	-0.41	-0.81	-0.71	-0.53	-0.76	0.39		-0.43	-0.68	PRM
KRO	-0.27	0.45	0.64	0.66	0.85	0.58	-0.16	-0.43		0.59	KRO
IOSP	-0.42	0.89	0.92	0.86	0.74	0.95	0.17	-0.68	0.59		IOSP
	ODC	KWR	ECVT	MTX	ESI	OEC	WTTR	PRM	KRO	IOSP

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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

OEC	+ 0.97	ECVT
IOSP	+ 0.95	OEC
MTX	+ 0.93	ECVT
IOSP	+ 0.92	ECVT
IOSP	+ 0.89	KWR
PRM	+ 0.87	ODC

High negative correlations

PRM	- 0.81	ECVT
PRM	- 0.76	OEC
PRM	- 0.71	MTX
IOSP	- 0.68	PRM
ECVT	- 0.58	ODC
PRM	- 0.53	ESI

Risk-Adjusted Indicators

There is a big difference between FutureFuel Stock performing well and FutureFuel Corp 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 FutureFuel Corp'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
ODC	1.30	0.03	0.02	0.14	1.29	(1.48)	3.01	(2.53)	9.42
KWR	1.38	(0.14)	(0.04)	0.02	1.89	(1.31)	2.23	(3.49)	9.74
ECVT	2.09	(0.59)	0.00	(0.13)	0.00	0.00	3.73	(4.60)	20.70
MTX	1.43	(0.25)	0.00	(0.11)	0.00	0.00	2.96	(3.63)	12.43
ESI	1.45	(0.16)	(0.05)	0.01	1.99	(1.43)	3.16	(3.44)	7.57
OEC	2.58	(0.60)	0.00	(0.09)	0.00	0.00	5.35	(5.93)	27.20
WTTR	1.82	(0.06)	(0.01)	0.06	2.83	(1.67)	3.16	(3.47)	12.59
PRM	2.10	0.72	0.29	0.64	1.89	(2.49)	4.92	(2.75)	20.43
KRO	2.12	(0.18)	(0.02)	0.01	4.13	(2.09)	4.70	(4.43)	23.78
IOSP	1.52	(0.31)	0.00	(0.06)	0.00	0.00	2.35	(3.20)	14.05

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