Croda International Correlations
The correlation of Croda International 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Croda International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Croda International Plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Croda |
The ability to find closely correlated positions to Croda International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Croda International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Croda International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Croda International Plc to buy it.
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Croda Pink Sheet performing well and Croda International 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 Croda International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GVDBF | 1.14 | 0.07 | 0.01 | 0.31 | 1.71 | 1.80 | 14.74 | |||
| IFF | 1.35 | 0.04 | 0.03 | 0.10 | 1.99 | 3.13 | 8.58 | |||
| ECL | 0.79 | 0.22 | 0.16 | (1.82) | 0.61 | 1.55 | 10.87 | |||
| SHW | 0.94 | (0.05) | (0.02) | 0.03 | 1.42 | 1.81 | 6.43 | |||
| SKFOF | 1.61 | 0.09 | 0.04 | 0.19 | 1.66 | 3.62 | 8.15 | |||
| LTHM | 3.36 | 0.04 | 0.00 | 0.05 | 0.00 | 7.21 | 17.25 | |||
| ALB | 3.15 | (0.02) | 0.04 | 0.06 | 4.88 | 6.67 | 23.69 | |||
| TSE | 4.41 | (1.21) | 0.00 | (0.19) | 0.00 | 8.95 | 26.55 | |||
| WLK | 1.26 | 0.06 | 0.04 | 0.11 | 1.80 | 2.47 | 10.04 | |||
| CC | 2.92 | (0.13) | 0.00 | (0.02) | 0.00 | 5.64 | 35.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Croda International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Bond Analysis Now
Bond AnalysisEvaluate and analyze corporate bonds as a potential investment for your portfolios. |
| All Next | Launch Module |
Croda International Corporate Management
Elected by the shareholders, the Croda International's board of directors comprises two types of representatives: Croda International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Croda. The board's role is to monitor Croda International's management team and ensure that shareholders' interests are well served. Croda International'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, Croda International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nicholas Challoner | Group Officer | Profile | |
| Mark Robinson | Pres Operations | Profile | |
| Thomas Brophy | Group Sec | Profile | |
| Anthony Fitzpatrick | Industrial Technologies | Profile | |
| David Bishop | Director Relations | Profile | |
| FCMA BA | Group Director | Profile | |
| Stephen Foots | Group Director | Profile |
Already Invested in Croda International Plc?
The danger of trading Croda International Plc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Croda International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Croda International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Croda International Plc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Croda International Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Croda International Plc information on this page should be used as a complementary analysis to other Croda International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Croda Pink Sheet analysis
When running Croda International's price analysis, check to measure Croda International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Croda International is operating at the current time. Most of Croda International's value examination focuses on studying past and present price action to predict the probability of Croda International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Croda International's price. Additionally, you may evaluate how the addition of Croda International to your portfolios can decrease your overall portfolio volatility.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |