FutureFuel Corp Correlations

FF Stock

USD 4.15 0.11 2.72%

The current 90-days correlation between FutureFuel Corp and Oil Dri is 0.23 (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

Very good diversification

The correlation between FutureFuel Corp and DJI is -0.25 (i.e., Very good 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.

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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

0.93	CC	Chemours Earnings Call This Week	Pair Corr
0.84	ECVT	Ecovyst Earnings Call This Week	Pair Corr
0.86	FEAM	5E Advanced Materials	Pair Corr
0.75	ALB-PA	Albemarle Earnings Call This Week	Pair Corr
0.81	ALB	Albemarle Corp Earnings Call This Week	Pair Corr
0.85	APD	Air Products Earnings Call This Week	Pair Corr
0.89	ASH	Ashland Global Holdings Earnings Call This Week	Pair Corr
0.82	CBT	Cabot	Pair Corr
0.64	EMN	Eastman Chemical Downward Rally	Pair Corr
0.64	ESI	Element Solutions Earnings Call This Week	Pair Corr
0.82	FSI	Flexible Solutions	Pair Corr
0.92	FUL	H B Fuller	Pair Corr
0.87	IFF	International Flavors	Pair Corr
0.72	KOP	Koppers Holdings Earnings Call This Week	Pair Corr
0.93	KRO	Kronos Worldwide	Pair Corr
0.74	KWR	Quaker Chemical	Pair Corr
0.69	LYB	LyondellBasell Industries	Pair Corr
0.9	MTX	Minerals Technologies	Pair Corr
0.78	OEC	Orion Engineered Carbons	Pair Corr
0.82	PPG	PPG Industries Earnings Call This Week	Pair Corr
0.89	PRM	Perimeter Solutions	Pair Corr
0.81	RPM	RPM International	Pair Corr
0.82	SCL	Stepan Company Earnings Call This Week	Pair Corr
0.74	SHW	Sherwin Williams	Pair Corr
0.77	SSL	Sasol	Pair Corr
0.83	WLK	Westlake Chemical Earnings Call This Week	Pair Corr
0.92	GEVO	Gevo Inc Earnings Call This Week	Pair Corr
0.84	SDSTW	Stardust Power Symbol Change	Pair Corr
0.94	IOSP	Innospec	Pair Corr

Moving against FutureFuel Stock

0.31	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr
0.77	NEU	NewMarket	Pair Corr
0.67	X	United States Steel Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ODC	KWR	ECVT	MTX	ESI	OEC	WTTR	PRM	KRO	IOSP
ODC		0.1	-0.26	-0.09	0.26	-0.03	-0.28	-0.57	-0.32	-0.21	ODC
KWR	0.1		0.87	0.92	0.95	0.93	0.86	0.48	0.83	0.86	KWR
ECVT	-0.26	0.87		0.91	0.8	0.9	0.91	0.7	0.91	0.9	ECVT
MTX	-0.09	0.92	0.91		0.87	0.9	0.93	0.72	0.95	0.98	MTX
ESI	0.26	0.95	0.8	0.87		0.91	0.78	0.36	0.76	0.8	ESI
OEC	-0.03	0.93	0.9	0.9	0.91		0.88	0.59	0.87	0.87	OEC
WTTR	-0.28	0.86	0.91	0.93	0.78	0.88		0.81	0.95	0.95	WTTR
PRM	-0.57	0.48	0.7	0.72	0.36	0.59	0.81		0.83	0.81	PRM
KRO	-0.32	0.83	0.91	0.95	0.76	0.87	0.95	0.83		0.97	KRO
IOSP	-0.21	0.86	0.9	0.98	0.8	0.87	0.95	0.81	0.97		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

IOSP	+ 0.98	MTX
IOSP	+ 0.97	KRO
ESI	+ 0.95	KWR
KRO	+ 0.95	MTX
KRO	+ 0.95	WTTR
IOSP	+ 0.95	WTTR

High negative correlations

PRM	- 0.57	ODC
KRO	- 0.32	ODC
WTTR	- 0.28	ODC
ECVT	- 0.26	ODC
IOSP	- 0.21	ODC
MTX	- 0.09	ODC

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ODC	1.45	(0.08)	0.18	2.89	(4.31)	13.82
KWR	2.02	(0.38)	5.74	3.00	(4.60)	20.89
ECVT	2.14	(0.46)	1.32	3.59	(5.05)	17.57
MTX	1.45	(0.42)	2.63	1.81	(3.06)	13.50
ESI	2.11	(0.35)	1.90	4.41	(4.91)	17.71
OEC	2.03	(0.35)	0.77	3.54	(4.77)	18.81
WTTR	2.56	(0.63)	16.91	4.67	(5.58)	17.55
PRM	2.37	(0.44)	2.00	3.73	(6.01)	15.99
KRO	2.16	(0.32)	2.77	3.95	(5.93)	19.81
IOSP	1.52	(0.37)	(8.60)	2.34	(3.74)	11.52

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