Correlations

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Aluminium

When the aluminium price increases, upstream aluminium companies such as aluminium producers will be able to increase their average selling price and indirectly improve their profit margin. Normally, aluminium price has a positive correlation with upstream aluminium players' revenue.



Stock Last Price 1D % After 2019 All Time Days Trading Sectors

Stock Last Price 1D % After 2019 All Time Days Trading Sectors

Note:

  • Correlations score shown above is representing Pearson correlation coefficient (Pearson's r).
  • Newly listed companies have been filtered out due to lack of data points.