SID Companhia Siderurgica Nacional S.A. (CSN)

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

SID vs VALE

Both indexed to 100 at 2026-05-11.

SID VALE · range 52–104 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

VALE VALE S.A.

ρ +0.64beyond mkt +0.48holdout +0.59stable 100%robust

GGB Gerdau S.A.

ρ +0.62beyond mkt +0.47holdout +0.59stable 100%robust

EWZ iShares MSCI Brazil ETF

ρ +0.60beyond mkt +0.42holdout +0.64stable 100%robust

SLX VanEck Steel ETF

ρ +0.58beyond mkt +0.35holdout +0.53stable 100%robust

SDEM Global X MSCI SuperDividend Emerging Markets ETF

ρ +0.51beyond mkt +0.22holdout +0.56stable 100%robust

JPEM JPMorgan Diversified Return Emerging Markets Equity ETF

ρ +0.52beyond mkt +0.21holdout +0.52stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.31beyond mkt -0.02holdout -0.30stable 62%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BC Brunswick Corporation

Δ -0.72recent -0.35prior +0.37beyond mkt +0.02

RPM RPM International, Inc.

Δ -0.67recent -0.38prior +0.29beyond mkt -0.09

PII Polaris Inc.

Δ -0.61recent -0.27prior +0.34beyond mkt +0.02

SGRX SANGRIX INC. Class A Ordinary Shares

Δ -0.61recent -0.36prior +0.25beyond mkt -0.03

LOW Lowe's Companies Inc.

Δ -0.60recent -0.35prior +0.25beyond mkt -0.05

SW Smurfit WestRock plc

Δ -0.60recent -0.24prior +0.35beyond mkt +0.02

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
VALE VALE S.A.	+0.48	+0.64	18
GGB Gerdau S.A.	+0.47	+0.62	22
EWZ iShares MSCI Brazil ETF	+0.42	+0.60	23