ArcelorMittal Correlations

The current 90-days correlation between ArcelorMittal SA ADR and POSCO Holdings is 0.18 (i.e., Average diversification). The correlation of ArcelorMittal 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.

Metals & Mining Materials Basic Materials NYSE Composite CAC All-Tradable Net SBF 120 CAC All Tradable SBF 120 Gross CAC All-Tradable AEX Amsterdam Index CAC 40 Gross CAC All Shares CAC Basic Materials CAC Large 60 Iron Steel Works Etc Power Assets Manufacturing ESG Investing