CDT Environmental Correlations
| CDTG Stock | 0.84 0.14 14.29% |
The current 90-days correlation between CDT Environmental and Ebang International Holdings is -0.02 (i.e., Good 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
Significant diversification
The correlation between CDT Environmental Technology and DJI is 0.04 (i.e., Significant 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.
Moving together with CDT Stock
Moving against CDT Stock
| 0.84 | BV | BrightView Holdings | PairCorr |
| 0.8 | FA | First Advantage Corp | PairCorr |
| 0.78 | DRVN | Driven Brands Holdings | PairCorr |
| 0.78 | VRSK | Verisk Analytics Sell-off Trend | PairCorr |
| 0.77 | VLTO | Veralto | PairCorr |
| 0.77 | VSEC | VSE Corporation | PairCorr |
| 0.72 | DLHC | DLH Holdings Corp | PairCorr |
| 0.58 | LZ | LegalZoom | PairCorr |
| 0.54 | WM | Waste Management | PairCorr |
| 0.43 | BR | Broadridge Financial | PairCorr |
| 0.82 | CLH | Clean Harbors | PairCorr |
| 0.79 | ADP | Automatic Data Processing | PairCorr |
| 0.73 | FORR | Forrester Research | PairCorr |
| 0.69 | WLDN | Willdan Group | PairCorr |
| 0.66 | EEFT | Euronet Worldwide | PairCorr |
| 0.66 | ABM | ABM Industries | PairCorr |
| 0.56 | BTM | Bitcoin Depot Buyout Trend | PairCorr |
| 0.52 | ESGL | ESGL Holdings Limited | PairCorr |
| 0.51 | BRC | Brady | PairCorr |
| 0.5 | CIX | CompX International | PairCorr |
| 0.47 | EXLS | ExlService Holdings | PairCorr |
| 0.84 | III | Information Services | PairCorr |
| 0.83 | FVRR | Fiverr International | PairCorr |
| 0.82 | HNI | HNI Corp | PairCorr |
| 0.79 | KAR | KAR Auction Services | PairCorr |
Related Correlations Analysis
| 0.51 | 0.26 | 0.29 | 0.61 | 0.0 | 0.23 | EBON | ||
| 0.51 | 0.82 | 0.85 | 0.32 | 0.0 | 0.84 | DAL | ||
| 0.26 | 0.82 | 0.91 | 0.25 | 0.0 | 0.93 | SINGY | ||
| 0.29 | 0.85 | 0.91 | 0.11 | 0.0 | 0.92 | NTGR | ||
| 0.61 | 0.32 | 0.25 | 0.11 | 0.0 | 0.08 | GETY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SPMMF | ||
| 0.23 | 0.84 | 0.93 | 0.92 | 0.08 | 0.0 | CPNG | ||
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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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBON | 3.10 | (0.26) | 0.00 | 1.77 | 0.00 | 6.18 | 20.72 | |||
| DAL | 2.69 | 0.07 | 0.03 | 0.06 | 3.52 | 5.79 | 34.50 | |||
| SINGY | 0.85 | 0.06 | 0.03 | 0.20 | 1.35 | 1.79 | 5.83 | |||
| NTGR | 2.51 | 0.25 | 0.07 | 0.98 | 3.12 | 5.80 | 22.43 | |||
| GETY | 3.49 | (0.17) | 0.00 | 1.41 | 0.00 | 6.91 | 23.43 | |||
| SPMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CPNG | 1.59 | 0.31 | 0.13 | 5.30 | 1.91 | 3.64 | 14.48 |
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 | Profile |