Cemtrex Correlations
| CETX Stock | USD 1.25 0.07 5.30% |
The correlation of Cemtrex 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Cemtrex Correlation With Market
Average diversification
The correlation between Cemtrex and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cemtrex and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Cemtrex Stock
Moving against Cemtrex Stock
| 0.55 | MCRP | Micropolis Holding | PairCorr |
| 0.53 | ZS | Zscaler | PairCorr |
| 0.53 | FAAS | DigiAsia Corp | PairCorr |
| 0.41 | VRNS | Varonis Systems Earnings Call This Week | PairCorr |
| 0.39 | BB | BlackBerry | PairCorr |
| 0.39 | JG | Aurora Mobile | PairCorr |
| 0.39 | AVPTW | AvePoint | PairCorr |
| 0.35 | VRAR | Glimpse Group Tech Boost | PairCorr |
| 0.34 | MQ | Marqeta | PairCorr |
| 0.68 | BOX | Box Inc | PairCorr |
| 0.48 | ODD | ODDITY Tech | PairCorr |
| 0.39 | NET | Cloudflare Earnings Call This Week | PairCorr |
| 0.37 | MDB | MongoDB | PairCorr |
| 0.33 | FOUR | Shift4 Payments | PairCorr |
| 0.33 | GEN | Gen Digital | PairCorr |
| 0.33 | ORCL | Oracle | PairCorr |
| 0.32 | TCX | Tucows Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Cemtrex Stock performing well and Cemtrex 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 Cemtrex'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CETXP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALAR | 4.23 | 0.99 | 0.23 | 2.80 | 3.28 | 8.20 | 48.48 | |||
| BLIN | 2.58 | (0.14) | 0.00 | (0.26) | 0.00 | 4.96 | 23.89 | |||
| NXTP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AUID | 4.50 | (0.34) | 0.00 | 0.40 | 0.00 | 7.87 | 30.42 | |||
| OPGN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VISL | 3.76 | (0.68) | 0.00 | (6.08) | 0.00 | 7.12 | 34.96 | |||
| DGLY | 8.37 | (3.30) | 0.00 | (0.76) | 0.00 | 19.68 | 110.26 | |||
| SINT | 3.34 | (0.06) | 0.01 | 0.19 | 3.90 | 6.57 | 32.15 |
Cemtrex Corporate Management
| Mark Provinsal | SVP Industries | Profile | |
| Paul Wyckoff | Corporate Controller | Profile | |
| Gaurav Taywade | Chief Studio | Profile | |
| Shane Compton | Chief Industries | Profile | |
| Bret McGowan | SVP Industries | Profile | |
| Christopher Moore | Chief Officer | Profile |