ChargePoint Holdings Correlations
| CHPT Stock | USD 1.33 0.06 4.72% |
The correlation of ChargePoint Holdings is a statistical measure of how it moves in relation to other instruments. 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 ChargePoint Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChargePoint Holdings 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.
Very weak diversification
The correlation between ChargePoint Holdings and NYA is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ChargePoint Holdings and NYA in the same portfolio, assuming nothing else is changed.
ChargePoint |
The ability to find closely correlated positions to ChargePoint Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChargePoint Holdings 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 ChargePoint Holdings - 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 ChargePoint Holdings to buy it.
Moving together with ChargePoint Stock
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Moving against ChargePoint Stock
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ChargePoint Stock performing well and ChargePoint Holdings 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 ChargePoint Holdings' 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WOOF | 3.11 | (0.58) | 0.00 | 0.82 | 0.00 | 4.30 | 25.26 | |||
| ULTA | 1.30 | (0.28) | 0.00 | (0.55) | 0.00 | 1.97 | 18.25 | |||
| BBY | 1.28 | (0.08) | (0.03) | 0.00 | 1.71 | 2.96 | 7.78 | |||
| DKS | 1.41 | 0.49 | 0.33 | (1.51) | 0.93 | 2.63 | 18.16 | |||
| RH | 2.76 | 0.03 | 0.00 | 0.02 | 0.00 | 5.45 | 27.04 | |||
| AZO | 0.98 | 0.10 | 0.04 | 0.34 | 1.23 | 1.67 | 8.78 | |||
| WSM | 1.62 | 0.56 | 0.24 | (0.48) | 1.45 | 3.25 | 22.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ChargePoint Holdings 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.Did you try this?
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ChargePoint Holdings Corporate Management
Elected by the shareholders, the ChargePoint Holdings' board of directors comprises two types of representatives: ChargePoint Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ChargePoint. The board's role is to monitor ChargePoint Holdings' management team and ensure that shareholders' interests are well served. ChargePoint Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ChargePoint Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hossein Kazemi | Chief Hardware | Profile | |
| Michael Linse | Independent Director | Profile | |
| Ekta Singhbushell | Independent Director | Profile | |
| Sherice Torres | Chief Officer | Profile | |
| Jeffrey Harris | Independent Director | Profile | |
| Lawrence Lee | Senior Vice President - Operations and Services | Profile |
Already Invested in ChargePoint Holdings?
The danger of trading ChargePoint Holdings 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 ChargePoint Holdings 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 ChargePoint Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ChargePoint Holdings 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.
When determining whether ChargePoint Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ChargePoint Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Chargepoint Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Chargepoint Holdings Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChargePoint Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy ChargePoint Stock please use our How to Invest in ChargePoint Holdings guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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When running ChargePoint Holdings' price analysis, check to measure ChargePoint Holdings' 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 ChargePoint Holdings is operating at the current time. Most of ChargePoint Holdings' value examination focuses on studying past and present price action to predict the probability of ChargePoint Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChargePoint Holdings' price. Additionally, you may evaluate how the addition of ChargePoint Holdings to your portfolios can decrease your overall portfolio volatility.
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Is ChargePoint Holdings' 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 ChargePoint Holdings. If investors know ChargePoint 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 ChargePoint Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.22) | Revenue Per Share 1.349 | Quarterly Revenue Growth (0.24) | Return On Assets (0.26) | Return On Equity (1.34) |
The market value of ChargePoint Holdings is measured differently than its book value, which is the value of ChargePoint that is recorded on the company's balance sheet. Investors also form their own opinion of ChargePoint Holdings' value that differs from its market value or its book value, called intrinsic value, which is ChargePoint Holdings' 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 ChargePoint Holdings' market value can be influenced by many factors that don't directly affect ChargePoint Holdings' 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 ChargePoint Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if ChargePoint Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChargePoint Holdings' 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.