RPM International Correlations

RPM Stock  USD 112.47  1.79  1.57%   
The current 90-days correlation between RPM International and Cabot is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RPM International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RPM International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RPM International Correlation With Market

Very weak diversification

The correlation between RPM International and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RPM International and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RPM International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
To learn how to invest in RPM Stock, please use our How to Invest in RPM International guide.

Moving together with RPM Stock

  0.65ASH Ashland Global Holdings Fiscal Year End 13th of November 2024 PairCorr
  0.87CBT Cabot Fiscal Year End 4th of November 2024 PairCorr
  0.72EMN Eastman Chemical Earnings Call This WeekPairCorr
  0.8FUL H B Fuller Fiscal Year End 15th of January 2025 PairCorr
  0.64OEC Orion Engineered CarbonsPairCorr
  0.65PPG PPG Industries Fiscal Year End 16th of January 2025 PairCorr
  0.82SCL Stepan CompanyPairCorr
  0.63SHW Sherwin Williams Financial Report 23rd of July 2024 PairCorr
  0.66SXT Sensient Technologies Earnings Call This WeekPairCorr
  0.62TSE Trinseo SAPairCorr
  0.65WLK Westlake ChemicalPairCorr

Moving against RPM Stock

  0.33SSL SasolPairCorr

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   
CBTIOSP
OECCBT
ECVTOEC
OECIOSP
HWKNIOSP
ECVTCBT
  
High negative correlations   
ECVTHWKN
HWKNOEC
ECVTIOSP

Risk-Adjusted Indicators

There is a big difference between RPM Stock performing well and RPM 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 RPM 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.