Sherwin Williams Correlations

SHW
 Stock
  

USD 253.46  1.06  0.42%   

The correlation of Sherwin Williams is a statistical measure of how it moves in relation to other equities. 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 Sherwin Williams moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sherwin-Williams Co 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.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to Sherwin Williams could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sherwin Williams 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 Sherwin Williams - 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 Sherwin-Williams Co to buy it.

Moving together with Sherwin Williams

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+0.89EMNEastman ChemicalPairCorr
+0.79FULH B FullerPairCorr
+0.74IFFInternational FlavorsPairCorr
+0.82LINLinde PLCPairCorr
+0.78LYBLyondellBasell IndustriesPairCorr
+0.93OECOrion Engineered CarbonsPairCorr
+0.8OLNOlin Sell-off TrendPairCorr
+0.88RPMRPM InternationalPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CATURI
CATTRV
TRVMRK
XOMTRV
XOMCAT
CATMRK
  
High negative correlations   
VZXOM
VZMRK
VZTRV
VZCAT
VZWMT

Sherwin Williams Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Sherwin Stock performing well and Sherwin Williams company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Sherwin Williams' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
URI 2.04  0.19  0.09  0.20  2.26  0.09 (2.16)  4.25 (3.62)  11.76 
AXP 1.75 (0.02)  0.00  0.05  1.77 (0.0013) (2.14)  3.88 (3.11)  8.22 
WMT 1.04  0.14  0.09  0.31  1.11  0.08 (1.17)  2.18 (2.33)  6.90 
MRK 0.98  0.34  0.24  1.17  0.80  0.23 (1.18)  2.44 (1.43)  7.38 
BAC 1.60 (0.02)  0.00  0.05  1.82 (0.0026) (1.68)  4.14 (2.89)  9.00 
TRV 1.12  0.18  0.10  0.39  1.22  0.1 (1.19)  2.80 (2.03)  6.50 
CAT 1.60  0.31  0.18  0.35  1.40  0.15 (1.83)  4.36 (2.70)  9.57 
XOM 1.59  0.15  0.07  0.24  1.81  0.07 (1.68)  3.65 (2.91)  9.75 
VZ 1.23 (0.20)  0.00 (0.24)  0.00 (0.14)  0.00  2.21 (2.62)  7.59 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sherwin Williams 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.

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Sherwin Williams Corporate Directors

Sherwin Williams corporate directors refer to members of a Sherwin Williams board of directors. The board of directors generally takes responsibility for the Sherwin Williams' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Sherwin Williams' board members must vote for the resolution. The Sherwin Williams board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael Thaman - Independent DirectorProfile
Kerrii Anderson - Independent DirectorProfile
Matthew Thornton - Independent DirectorProfile
Richard Kramer - Independent DirectorProfile

Invested in Sherwin-Williams Co?

The danger of trading Sherwin-Williams Co 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 Sherwin Williams 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 Sherwin Williams. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sherwin-Williams 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.
Additionally, take a look at World Market Map. Note that the Sherwin-Williams information on this page should be used as a complementary analysis to other Sherwin Williams' 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Sherwin-Williams price analysis, check to measure Sherwin Williams' 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 Sherwin Williams is operating at the current time. Most of Sherwin Williams' value examination focuses on studying past and present price action to predict the probability of Sherwin Williams' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Sherwin Williams' price. Additionally, you may evaluate how the addition of Sherwin Williams to your portfolios can decrease your overall portfolio volatility.
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Is Sherwin Williams' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sherwin Williams. If investors know Sherwin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sherwin Williams listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.39
Market Capitalization
66.8 B
Quarterly Revenue Growth YOY
0.18
Return On Assets
0.0802
Return On Equity
0.73
The market value of Sherwin-Williams is measured differently than its book value, which is the value of Sherwin that is recorded on the company's balance sheet. Investors also form their own opinion of Sherwin Williams' value that differs from its market value or its book value, called intrinsic value, which is Sherwin Williams' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sherwin Williams' market value can be influenced by many factors that don't directly affect Sherwin Williams' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sherwin Williams' value and its price as these two are different measures arrived at by different means. Investors typically determine Sherwin Williams value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sherwin Williams' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.