CDT Environmental Correlations

CDTG Stock

0.73 0.03 4.29%

The current 90-days correlation between CDT Environmental and Park Electrochemical is 0.02 (i.e., Significant diversification). The correlation of CDT Environmental 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

CDT Environmental Correlation With Market

Good diversification

The correlation between CDT Environmental Technology and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDT Environmental Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CDT Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CDT Environmental Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with CDT Stock

0.7	MG	Mistras Group	Pair Corr
0.79	VIRC	Virco Manufacturing	Pair Corr

Moving against CDT Stock

0.85	VLTO	Veralto	Pair Corr
0.84	DRVN	Driven Brands Holdings	Pair Corr
0.83	BV	BrightView Holdings	Pair Corr
0.81	LZ	LegalZoom	Pair Corr
0.78	FA	First Advantage Corp	Pair Corr
0.78	VSEC	VSE Corporation	Pair Corr
0.74	DLHC	DLH Holdings Corp	Pair Corr
0.73	VRSK	Verisk Analytics	Pair Corr
0.7	EEFT	Euronet Worldwide	Pair Corr
0.55	DXST	Decent Holding Ordinary	Pair Corr
0.55	WLDN	Willdan Group	Pair Corr
0.5	FC	Franklin Covey	Pair Corr
0.49	BTM	Bitcoin Depot	Pair Corr
0.4	BR	Broadridge Financial	Pair Corr
0.4	DNB	Dun Bradstreet Holdings Sell-off Trend	Pair Corr
0.34	DLX	Deluxe	Pair Corr
0.76	HDSN	Hudson Technologies	Pair Corr
0.75	RCMT	RCM Technologies	Pair Corr
0.73	KAR	KAR Auction Services	Pair Corr
0.72	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.71	STN	Stantec	Pair Corr
0.71	TILE	Interface	Pair Corr
0.7	MSA	MSA Safety Earnings Call This Week	Pair Corr
0.7	NIXX	Nixxy, Inc Symbol Change	Pair Corr
0.67	KFY	Korn Ferry	Pair Corr
0.57	KELYA	Kelly Services A	Pair Corr
0.55	MIMI	Mint Incorporation	Pair Corr
0.5	ZONE	CleanCore Solutions	Pair Corr

Related Correlations Analysis

	MGPI	PKE	KO	COCO	SXT	PRMB	FIZZ	LXFR
MGPI		0.15	-0.34	0.49	0.52	-0.07	0.05	0.55	MGPI
PKE	0.15		-0.36	0.71	0.72	-0.67	0.53	0.59	PKE
KO	-0.34	-0.36		-0.44	-0.55	0.49	0.16	-0.58	KO
COCO	0.49	0.71	-0.44		0.84	-0.55	0.41	0.79	COCO
SXT	0.52	0.72	-0.55	0.84		-0.72	0.44	0.82	SXT
PRMB	-0.07	-0.67	0.49	-0.55	-0.72		-0.33	-0.68	PRMB
FIZZ	0.05	0.53	0.16	0.41	0.44	-0.33		0.43	FIZZ
LXFR	0.55	0.59	-0.58	0.79	0.82	-0.68	0.43		LXFR
	MGPI	PKE	KO	COCO	SXT	PRMB	FIZZ	LXFR

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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

SXT	+ 0.84	COCO
LXFR	+ 0.82	SXT
LXFR	+ 0.79	COCO
SXT	+ 0.72	PKE
COCO	+ 0.71	PKE
LXFR	+ 0.59	PKE

High negative correlations

PRMB	- 0.72	SXT
LXFR	- 0.68	PRMB
PRMB	- 0.67	PKE
LXFR	- 0.58	KO
PRMB	- 0.55	COCO
SXT	- 0.55	KO

Risk-Adjusted Indicators

There is a big difference between CDT Stock performing well and CDT Environmental 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 CDT Environmental's 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
MGPI	1.78	0.07	0.02	0.22	2.30	(1.82)	4.26	(3.15)	12.88
PKE	1.52	0.52	0.38	0.85	0.72	(1.90)	3.99	(2.17)	9.11
KO	0.75	(0.08)	0.00	(0.26)	0.00	0.00	1.55	(1.28)	4.81
COCO	1.60	0.29	0.12	0.78	1.57	(1.85)	3.21	(2.27)	9.61
SXT	1.23	0.52	0.58	1.07	0.00	(1.58)	4.75	(1.08)	15.95
PRMB	1.36	(0.28)	0.00	(0.62)	0.00	0.00	2.24	(2.76)	8.86
FIZZ	1.23	0.00	(0.03)	0.13	1.28	(1.40)	2.99	(2.27)	6.95
LXFR	1.66	0.32	0.11	14.67	1.49	(1.92)	3.99	(2.70)	10.90

CDT Environmental Corporate Executives

Elected by the shareholders, the CDT Environmental's board of directors comprises two types of representatives: CDT Environmental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CDT. The board's role is to monitor CDT Environmental's management team and ensure that shareholders' interests are well served. CDT Environmental's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CDT Environmental's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zijiang Liu

CTO VP

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