CiT Correlations
| CINT Stock | USD 5.56 0.08 1.42% |
The current 90-days correlation between CiT Inc and Endava is -0.1 (i.e., Good diversification). The correlation of CiT 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.
CiT Correlation With Market
Average diversification
The correlation between CiT Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CiT Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with CiT Stock
| 0.77 | S | SentinelOne | PairCorr |
| 0.7 | VRSN | VeriSign Earnings Call This Week | PairCorr |
| 0.78 | EEFT | Euronet Worldwide | PairCorr |
| 0.79 | EVTC | Evertec | PairCorr |
| 0.71 | FIVN | Five9 Inc | PairCorr |
| 0.69 | FLYW | Flywire Corp | PairCorr |
| 0.66 | DBX | Dropbox | PairCorr |
| 0.76 | DOX | Amdocs | PairCorr |
| 0.71 | IOT | Samsara | PairCorr |
| 0.62 | ODD | ODDITY Tech | PairCorr |
| 0.76 | PAY | Paymentus Holdings | PairCorr |
Moving against CiT Stock
Related Correlations Analysis
| -0.37 | -0.43 | 0.57 | -0.44 | -0.19 | CCCS | ||
| -0.37 | 0.67 | 0.02 | 0.55 | 0.67 | DAVA | ||
| -0.43 | 0.67 | -0.32 | 0.85 | 0.86 | AUID | ||
| 0.57 | 0.02 | -0.32 | -0.23 | -0.24 | EVCM | ||
| -0.44 | 0.55 | 0.85 | -0.23 | 0.69 | MLGO | ||
| -0.19 | 0.67 | 0.86 | -0.24 | 0.69 | EXFY | ||
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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 CiT Stock performing well and CiT 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 CiT'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCCS | 1.46 | (0.02) | 0.01 | 0.12 | 2.36 | 3.63 | 14.13 | |||
| DAVA | 2.67 | (0.57) | 0.00 | (0.15) | 0.00 | 5.44 | 34.88 | |||
| AUID | 4.61 | (0.90) | 0.00 | (0.42) | 0.00 | 9.63 | 34.26 | |||
| EVCM | 1.69 | 0.03 | 0.03 | 0.16 | 1.83 | 3.36 | 10.35 | |||
| MLGO | 10.65 | (3.24) | 0.00 | 1.37 | 0.00 | 25.82 | 105.61 | |||
| EXFY | 2.71 | (0.44) | 0.00 | (0.28) | 0.00 | 5.02 | 30.35 |
CiT Corporate Management
| Cesar Gon | CEO Director | Profile | |
| Carla Borges | Chief Officer | Profile | |
| Bruno Guicardi | Director Operations | Profile | |
| Amin Nunes | Ex Latam | Profile | |
| Leandro Angelo | Executive Officer | Profile | |
| Leonardo Mattiazzi | Executive Innovation | Profile |