CiT Correlations

CINT Stock

USD 6.10 0.34 5.28%

The current 90-days correlation between CiT Inc and Global Blue Group is 0.05 (i.e., Significant 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

Very weak diversification

The correlation between CiT Inc and DJI is 0.5 (i.e., Very weak 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.

Build AI portfolio with CiT Stock

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

Moving together with CiT Stock

0.68	S	SentinelOne	Pair Corr
0.8	BB	BlackBerry	Pair Corr
0.68	JG	Aurora Mobile	Pair Corr
0.8	DOCN	DigitalOcean Holdings	Pair Corr
0.65	DTSS	Datasea Buyout Trend	Pair Corr
0.63	DVLT	Datavault AI Symbol Change	Pair Corr
0.84	VRAR	Glimpse Group Tech Boost	Pair Corr
0.83	VRNT	Verint Systems	Pair Corr
0.77	FAAS	DigiAsia Corp	Pair Corr
0.91	FIVN	Five9 Inc	Pair Corr
0.85	BOX	Box Inc	Pair Corr
0.78	GEN	Gen Digital	Pair Corr
0.66	FTNT	Fortinet	Pair Corr
0.69	IOT	Samsara	Pair Corr
0.76	MDB	MongoDB	Pair Corr
0.67	NET	Cloudflare Tech Boost	Pair Corr
0.64	PGY	Pagaya Technologies	Pair Corr
0.84	RPD	Rapid7 Inc	Pair Corr
0.74	RXT	Rackspace Technology	Pair Corr
0.63	SWI	SolarWinds Corp	Pair Corr

Related Correlations Analysis

	GB	EVCM	CSGS	CCSI	ESMT	NEWR	EGIO	PAGS	VMW	DLO
GB		-0.36	-0.18	-0.62	0.0	0.0	0.0	0.13	0.0	-0.61	GB
EVCM	-0.36		0.44	0.28	0.0	0.0	0.0	0.51	0.0	0.45	EVCM
CSGS	-0.18	0.44		0.65	0.0	0.0	0.0	0.01	0.0	0.66	CSGS
CCSI	-0.62	0.28	0.65		0.0	0.0	0.0	-0.35	0.0	0.74	CCSI
ESMT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ESMT
NEWR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NEWR
EGIO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EGIO
PAGS	0.13	0.51	0.01	-0.35	0.0	0.0	0.0		0.0	-0.03	PAGS
VMW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	VMW
DLO	-0.61	0.45	0.66	0.74	0.0	0.0	0.0	-0.03	0.0		DLO
	GB	EVCM	CSGS	CCSI	ESMT	NEWR	EGIO	PAGS	VMW	DLO

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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

DLO	+ 0.74	CCSI
DLO	+ 0.66	CSGS
CCSI	+ 0.65	CSGS
PAGS	+ 0.51	EVCM
DLO	+ 0.45	EVCM
CSGS	+ 0.44	EVCM

High negative correlations

CCSI	- 0.62	GB
DLO	- 0.61	GB
EVCM	- 0.36	GB
PAGS	- 0.35	CCSI
CSGS	- 0.18	GB
DLO	- 0.03	PAGS

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
GB	0.73	0.21	0.20	(2.54)	0.77	(1.05)	0.96	(0.95)	18.45
EVCM	2.07	0.02	0.00	(0.04)	0.00	0.00	4.58	(3.77)	18.68
CSGS	1.34	0.13	0.09	0.13	1.62	(1.33)	2.48	(2.86)	9.65
CCSI	2.29	(0.23)	0.00	(0.24)	0.00	0.00	4.53	(5.66)	13.75
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAGS	2.55	0.23	0.08	0.18	2.85	(2.95)	6.53	(4.29)	18.41
VMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLO	3.07	0.04	0.00	(0.01)	0.00	0.00	8.53	(5.03)	39.00

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

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