Linde Plc Correlations

Stocks . USA . 
Stock . Linde plc Ordinary
LIN Stock  USD 472.89  1.40  0.30%   
The current 90-days correlation between Linde plc Ordinary and PPG Industries is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Linde Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Linde plc Ordinary moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Linde Plc Correlation With Market

Very weak diversification

The correlation between Linde plc Ordinary and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Linde plc Ordinary and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Linde Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Linde plc Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Linde Stock

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Moving against Linde Stock

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Related Correlations Analysis

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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   
ALB
+ 0.91
APD
ECL
+ 0.84
PPG
PPG
+ 0.8
APD
ECL
+ 0.76
APD
ALB
+ 0.65
PPG
ROP
+ 0.56
SHW
  
High negative correlations   
ROP
- 0.5
ALB
ROP
- 0.46
APD
ALB
- 0.24
SHW
ROP
- 0.11
ECL
ROP
- 0.11
PPG
SPGI
- 0.08
SHW

Risk-Adjusted Indicators

There is a big difference between Linde Stock performing well and Linde Plc 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 Linde Plc'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.

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