International Flavors Correlations

IFF Stock

USD 99.10 0.13 0.13%

The current 90-days correlation between International Flavors and LyondellBasell Industries NV is 0.39 (i.e., Weak diversification). The correlation of International Flavors 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.

International Flavors Correlation With Market

Very weak diversification

The correlation between International Flavors Fragranc and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Flavors Fragranc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Flavors Fragrances. 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.

Moving together with International Stock

0.74	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.77	CBT	Cabot	Pair Corr
0.91	ECL	Ecolab Inc	Pair Corr
0.76	EMN	Eastman Chemical	Pair Corr
0.78	FSI	Flexible Solutions	Pair Corr
0.66	KRO	Kronos Worldwide	Pair Corr
0.92	LIN	Linde plc Ordinary	Pair Corr
0.89	PPG	PPG Industries Sell-off Trend	Pair Corr
0.71	PRM	Perimeter Solutions	Pair Corr
0.88	SHW	Sherwin Williams Fiscal Year End 23rd of January 2025	Pair Corr
0.84	SXT	Sensient Technologies	Pair Corr
0.69	TSE	Trinseo SA	Pair Corr

Moving against International Stock

0.76	FEAM	5E Advanced Materials	Pair Corr
0.38	HGAS	Global Gas Symbol Change	Pair Corr

Related Correlations Analysis

	LYB	CBT	WLK	APD	EMN	SHW	PPG	CC	LIN	ECL
LYB		-0.27	0.82	-0.64	-0.12	0.01	0.09	0.15	-0.09	-0.18	LYB
CBT	-0.27		0.06	0.78	0.91	0.83	0.8	0.52	0.83	0.88	CBT
WLK	0.82	0.06		-0.31	0.2	0.17	0.21	0.44	0.05	-0.01	WLK
APD	-0.64	0.78	-0.31		0.72	0.51	0.46	0.4	0.61	0.71	APD
EMN	-0.12	0.91	0.2	0.72		0.84	0.84	0.63	0.82	0.86	EMN
SHW	0.01	0.83	0.17	0.51	0.84		0.86	0.49	0.84	0.85	SHW
PPG	0.09	0.8	0.21	0.46	0.84	0.86		0.61	0.9	0.86	PPG
CC	0.15	0.52	0.44	0.4	0.63	0.49	0.61		0.46	0.4	CC
LIN	-0.09	0.83	0.05	0.61	0.82	0.84	0.9	0.46		0.95	LIN
ECL	-0.18	0.88	-0.01	0.71	0.86	0.85	0.86	0.4	0.95		ECL
	LYB	CBT	WLK	APD	EMN	SHW	PPG	CC	LIN	ECL

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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

ECL	+ 0.95	LIN
EMN	+ 0.91	CBT
LIN	+ 0.9	PPG
ECL	+ 0.88	CBT
ECL	+ 0.86	EMN
PPG	+ 0.86	SHW

High negative correlations

APD	- 0.64	LYB
APD	- 0.31	WLK
CBT	- 0.27	LYB
ECL	- 0.18	LYB
EMN	- 0.12	LYB
LIN	- 0.09	LYB

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Flavors 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 International Flavors' 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
LYB	0.87	(0.23)	0.00	(0.15)	0.00	0.00	2.02	(1.93)	6.26
CBT	1.46	0.21	0.16	0.19	1.44	(1.67)	3.07	(2.19)	20.91
WLK	1.28	(0.16)	0.00	(0.03)	0.00	0.00	2.34	(2.32)	12.00
APD	0.91	0.11	0.07	0.33	0.76	(1.04)	1.47	(1.52)	10.91
EMN	1.08	(0.03)	(0.01)	0.04	1.26	(1.25)	2.92	(2.02)	7.31
SHW	0.87	0.07	0.04	0.16	1.12	(1.05)	1.70	(1.52)	7.77
PPG	0.78	(0.04)	(0.04)	0.02	1.08	(0.76)	1.39	(1.72)	7.42
CC	2.29	(0.08)	0.00	0.03	2.63	(2.78)	4.66	(4.40)	15.26
LIN	0.65	(0.05)	(0.05)	0.01	1.05	(0.62)	1.29	(1.40)	5.01
ECL	0.76	(0.02)	(0.02)	0.05	0.97	(0.77)	1.69	(1.26)	5.14

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