Innospec Correlations

IOSP Stock

USD 112.48 1.61 1.41%

The current 90-days correlation between Innospec and Dominos Pizza is 0.17 (i.e., Average diversification). The correlation of Innospec 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.

Innospec Correlation With Market

Poor diversification

The correlation between Innospec and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innospec 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 Innospec. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Moving together with Innospec Stock

0.96	CC	Chemours	Pair Corr
0.72	DNMR	Danimer Scientific	Pair Corr
0.92	ECVT	Ecovyst	Pair Corr
0.64	FEAM	5E Advanced Materials	Pair Corr
0.69	ALB-PA	Albemarle	Pair Corr
0.73	ALB	Albemarle Corp	Pair Corr
0.97	ASH	Ashland Global Holdings Fiscal Year End 13th of November 2024	Pair Corr
0.74	ESI	Element Solutions	Pair Corr
0.89	KWR	Quaker Chemical	Pair Corr
0.86	MTX	Minerals Technologies	Pair Corr
0.95	OEC	Orion Engineered Carbons	Pair Corr
0.95	SCL	Stepan Company	Pair Corr

Moving against Innospec Stock

0.63	FSI	Flexible Solutions	Pair Corr
0.6	APD	Air Products Fiscal Year End 5th of November 2024	Pair Corr
0.42	IFF	International Flavors	Pair Corr
0.39	FF	FutureFuel Corp	Pair Corr
0.38	CBT	Cabot Fiscal Year End 4th of November 2024	Pair Corr
0.68	PRM	Perimeter Solutions	Pair Corr
0.63	HWKN	Hawkins	Pair Corr
0.58	SHW	Sherwin Williams Fiscal Year End 23rd of January 2025	Pair Corr
0.54	LIN	Linde plc Ordinary	Pair Corr
0.41	TSE	Trinseo SA	Pair Corr
0.37	GEVO	Gevo Inc Buyout Trend	Pair Corr
0.32	RPM	RPM International Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ECL	BAC-PN	DELL	PYPL	DPZ	MGUY	HPQ	MRK	CVX	IT
ECL		0.77	0.06	0.68	-0.42	0.7	0.27	-0.06	-0.33	0.58	ECL
BAC-PN	0.77		-0.24	0.92	-0.55	0.74	-0.11	-0.49	-0.6	0.87	BAC-PN
DELL	0.06	-0.24		-0.37	0.7	0.04	0.52	0.81	0.64	-0.5	DELL
PYPL	0.68	0.92	-0.37		-0.59	0.55	-0.14	-0.66	-0.64	0.87	PYPL
DPZ	-0.42	-0.55	0.7	-0.59		-0.33	0.13	0.62	0.52	-0.71	DPZ
MGUY	0.7	0.74	0.04	0.55	-0.33		0.01	-0.08	-0.36	0.59	MGUY
HPQ	0.27	-0.11	0.52	-0.14	0.13	0.01		0.52	0.68	-0.18	HPQ
MRK	-0.06	-0.49	0.81	-0.66	0.62	-0.08	0.52		0.74	-0.71	MRK
CVX	-0.33	-0.6	0.64	-0.64	0.52	-0.36	0.68	0.74		-0.6	CVX
IT	0.58	0.87	-0.5	0.87	-0.71	0.59	-0.18	-0.71	-0.6		IT
	ECL	BAC-PN	DELL	PYPL	DPZ	MGUY	HPQ	MRK	CVX	IT

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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

PYPL	+ 0.92	BAC-PN
IT	+ 0.87	BAC-PN
IT	+ 0.87	PYPL
MRK	+ 0.81	DELL
BAC-PN	+ 0.77	ECL
MGUY	+ 0.74	BAC-PN

High negative correlations

IT	- 0.71	MRK
IT	- 0.71	DPZ
MRK	- 0.66	PYPL
CVX	- 0.64	PYPL
IT	- 0.6	CVX
CVX	- 0.6	BAC-PN

Risk-Adjusted Indicators

There is a big difference between Innospec Stock performing well and Innospec 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 Innospec'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
ECL	0.88	0.04	(0.01)	0.18	1.62	(0.87)	1.72	(1.73)	9.66
BAC-PN	0.46	0.10	0.04	0.42	0.44	(0.51)	1.16	(0.92)	3.04
DELL	2.44	(0.39)	0.00	(0.08)	0.00	0.00	4.90	(5.66)	12.78
PYPL	1.62	0.27	0.19	0.28	1.50	(1.87)	3.79	(2.75)	13.68
DPZ	1.37	(0.36)	0.00	(0.33)	0.00	0.00	2.56	(2.68)	17.46
MGUY	9.67	1.76	0.15	0.69	8.35	(16.55)	33.80	(18.37)	78.36
HPQ	1.38	(0.11)	(0.04)	0.03	2.04	(1.27)	2.22	(3.62)	6.74
MRK	1.09	(0.20)	0.00	2.55	0.00	0.00	2.01	(2.09)	13.12
CVX	1.03	(0.20)	0.00	(0.09)	0.00	0.00	1.60	(2.36)	7.09
IT	1.08	0.06	0.06	0.16	1.16	(1.20)	2.51	(2.06)	10.48

Innospec Corporate Executives

Elected by the shareholders, the Innospec's board of directors comprises two types of representatives: Innospec inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Innospec. The board's role is to monitor Innospec's management team and ensure that shareholders' interests are well served. Innospec's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Innospec's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Ian Cleminson	CFO and Executive VP	Profile
	Philip Boon	COO and Executive VP of Bus. Operations	Profile

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