Huntsman Correlations

HUN Stock

USD 10.44 0.02 0.19%

The current 90-days correlation between Huntsman and Foreign Trade Bank is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Huntsman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Huntsman moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Huntsman Correlation With Market

Average diversification

The correlation between Huntsman and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huntsman and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Huntsman Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntsman. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Huntsman Stock, please use our How to Invest in Huntsman guide.

Moving together with Huntsman Stock

0.75	002597	Anhui Jinhe Industrial	Pair Corr
0.85	EMN	Eastman Chemical	Pair Corr
0.66	GCMGW	GCM Grosvenor	Pair Corr

Moving against Huntsman Stock

0.81	SNPHF	Santen Pharmaceutical	Pair Corr
0.72	ATCOL	Atlas Corp	Pair Corr
0.42	DD	Dupont De Nemours	Pair Corr
0.42	SZKMF	Suzuki Motor	Pair Corr
0.73	BB	BlackBerry Potential Growth	Pair Corr
0.67	NGLOY	Anglo American PLC	Pair Corr
0.65	BKKPF	Bangkok Bank Public	Pair Corr
0.64	HQL	Tekla Life Sciences	Pair Corr
0.61	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.4	LAW	CS Disco LLC	Pair Corr
0.37	31620RAL9	FNF 32 17	Pair Corr
0.35	TBVPF	Thai Beverage Public	Pair Corr
0.76	VRT	Vertiv Holdings	Pair Corr
0.58	IVSBF	Investor AB ser	Pair Corr
0.57	GLNS	Golden Star Resource	Pair Corr
0.55	TOKUF	Tokyu	Pair Corr

Related Correlations Analysis

	ZNAE	SYNJ	RFGPF	LINC	BLX	TSHO	WAFU	FLTLF
ZNAE		1.0	-1.0	0.0	0.0	0.0	0.0	0.0	ZNAE
SYNJ	1.0		-1.0	0.0	0.0	0.0	0.0	0.0	SYNJ
RFGPF	-1.0	-1.0		0.0	0.0	0.0	0.0	0.0	RFGPF
LINC	0.0	0.0	0.0		-0.05	0.0	0.6	0.37	LINC
BLX	0.0	0.0	0.0	-0.05		0.0	-0.17	0.5	BLX
TSHO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TSHO
WAFU	0.0	0.0	0.0	0.6	-0.17	0.0		0.2	WAFU
FLTLF	0.0	0.0	0.0	0.37	0.5	0.0	0.2		FLTLF
	ZNAE	SYNJ	RFGPF	LINC	BLX	TSHO	WAFU	FLTLF

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

SYNJ	+ 1.0	ZNAE
WAFU	+ 0.6	LINC
FLTLF	+ 0.5	BLX
FLTLF	+ 0.37	LINC
FLTLF	+ 0.2	WAFU
LINC	+ 0.0	ZNAE

High negative correlations

RFGPF	- 1.0	SYNJ
RFGPF	- 1.0	ZNAE
WAFU	- 0.17	BLX
BLX	- 0.05	LINC
FLTLF	- 0.0	TSHO
WAFU	- 0.0	TSHO

Risk-Adjusted Indicators

There is a big difference between Huntsman Stock performing well and Huntsman 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 Huntsman'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
ZNAE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SYNJ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RFGPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LINC	2.17	0.16	0.04	0.39	2.84	(2.23)	4.00	(4.66)	20.71
BLX	0.88	(0.06)	0.00	(0.03)	0.00	0.00	1.75	(1.56)	8.66
TSHO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WAFU	3.45	0.18	0.04	0.19	4.22	(3.94)	8.18	(7.22)	24.37
FLTLF	1.06	(0.11)	0.00	0.63	0.00	0.00	1.93	(1.59)	17.30

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