Showing posts with label Teflon. Show all posts
Showing posts with label Teflon. Show all posts

Sunday, February 12, 2023

The Chemours Company had a fantastic start to 2023

The Chemours Company is a diversified chemical company serving multiple industries. Here are its products:

Exhibit 1:


Here's the graph of the monthly returns of the Vanguard S&P 500 Index ETF and the Chemours Company:  

Exhibit 2:

Source: Data Provided by IEX Cloud, Graph Created Using Microsoft Excel and RStudio

The Chemours Company averaged a monthly return of 2.59% compared to a 1% return for the Vanguard S&P 500 Index ETF (Exhibits 3 & 4). 

Exhibit 3:
Source: Data Provided by IEX Cloud, Calculated Using Microsoft Excel

Exhibit 4:
Source: Data Provided by IEX Cloud, Calculated Using Microsoft Excel

A linear regression of the monthly returns of the Vanguard S&P 500 Index ETF and the Chemours Company estimates the beta (the coefficient of the Vanguard S&P 500 Index) as 1.82. Yahoo Finance estimates the beta as 1.88 based on five years of monthly returns.   

Here's the output from the linear model:  
 
Call:
lm(formula = CC_Monthly_Return ~ VOO_Monthly_Return, data = VOOandCC)

Residuals:
     Min       1Q   Median       3Q      Max 
-0.23930 -0.07880  0.01016  0.07621  0.29157 

Coefficients:
                   Estimate Std. Error t value Pr(>|t|)    
(Intercept)        0.006698   0.018764   0.357    0.723    
VOO_Monthly_Return 1.825643   0.325520   5.608 1.45e-06 ***
---
Signif. codes:  0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1

Residual standard error: 0.1224 on 42 degrees of freedom
Multiple R-squared:  0.4282, Adjusted R-squared:  0.4146 
F-statistic: 31.45 on 1 and 42 DF,  p-value: 1.45e-06

The stock had a great January 2023 with a return of 18% compared to a 6.2% return of the Vanguard S&P 500 Index ETF.  

Here's the chart of the monthly returns of the Vanguard S&P 500 Index and the Chemours Company:

Exhibit 5:

Source: Data Provided by IEX Cloud, Calculated Using Microsoft Excel



The Chemours Company had a fantastic start to 2023

The Chemours Company is a diversified chemical company serving multiple industries. Here are its products: Exhibit 1: Here's the graph o...