CSP Correlations

CSPI Stock

USD 11.35 0.21 1.82%

The current 90-days correlation between CSP Inc and AstroNova is 0.39 (i.e., Weak diversification). The correlation of CSP 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.

CSP Correlation With Market

Average diversification

The correlation between CSP Inc and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSP Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CSP Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CSP 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 american community survey.

Moving together with CSP Stock

0.64	IT	Gartner	Pair Corr
0.81	AUR	Aurora Innovation Aggressive Push	Pair Corr
0.87	GDYN	Grid Dynamics Holdings	Pair Corr
0.74	GLOB	Globant SA	Pair Corr
0.86	JDZG	JIADE LIMITED Common Tech Boost	Pair Corr

Moving against CSP Stock

0.88	IBM	International Business Earnings Call This Week	Pair Corr
0.72	VRRM	Verra Mobility Corp	Pair Corr
0.66	CTM	Castellum Buyout Trend	Pair Corr
0.65	VYX	NCR Voyix	Pair Corr
0.65	WIT	Wipro Limited ADR	Pair Corr
0.63	KD	Kyndryl Holdings	Pair Corr
0.62	III	Information Services	Pair Corr
0.56	GDS	GDS Holdings	Pair Corr
0.54	PSN	Parsons Corp	Pair Corr
0.51	FIS	Fidelity National	Pair Corr
0.4	JFU	9F Inc	Pair Corr
0.4	WNS	WNS Holdings	Pair Corr
0.39	BR	Broadridge Financial	Pair Corr
0.33	VNET	VNET Group DRC Tech Boost	Pair Corr
0.31	GMM	Global Mofy Metaverse	Pair Corr
0.81	NTRP	NextTrip	Pair Corr
0.75	MGIC	Magic Software Enter	Pair Corr
0.74	DAICW	CID HoldCo, Warrants	Pair Corr
0.7	INOD	Innodata	Pair Corr
0.7	VEEAW	Veea Inc Symbol Change	Pair Corr
0.67	NYAX	Nayax	Pair Corr
0.64	INFY	Infosys Ltd ADR	Pair Corr
0.63	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.61	IBEX	IBEX	Pair Corr
0.56	BNAIW	Brand Engagement Network	Pair Corr
0.52	NABL	N Able Inc	Pair Corr

Related Correlations Analysis

	FORTY	NYAX	HCKT	ALOT	FEIM	DAIO	KEQU
FORTY		0.75	-0.34	0.67	0.57	0.94	0.92	FORTY
NYAX	0.75		-0.3	0.35	0.55	0.76	0.62	NYAX
HCKT	-0.34	-0.3		0.03	-0.03	-0.47	-0.15	HCKT
ALOT	0.67	0.35	0.03		0.55	0.55	0.78	ALOT
FEIM	0.57	0.55	-0.03	0.55		0.51	0.54	FEIM
DAIO	0.94	0.76	-0.47	0.55	0.51		0.82	DAIO
KEQU	0.92	0.62	-0.15	0.78	0.54	0.82		KEQU
	FORTY	NYAX	HCKT	ALOT	FEIM	DAIO	KEQU

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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

DAIO	+ 0.94	FORTY
KEQU	+ 0.92	FORTY
KEQU	+ 0.82	DAIO
KEQU	+ 0.78	ALOT
DAIO	+ 0.76	NYAX
NYAX	+ 0.75	FORTY

High negative correlations

DAIO	- 0.47	HCKT
HCKT	- 0.34	FORTY
HCKT	- 0.3	NYAX
KEQU	- 0.15	HCKT
FEIM	- 0.03	HCKT

Risk-Adjusted Indicators

There is a big difference between CSP Stock performing well and CSP 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 CSP'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
FORTY	2.21	0.60	0.13	2.10	2.08	(3.39)	6.23	(4.76)	20.45
NYAX	2.29	0.25	0.10	0.41	2.31	(2.80)	5.47	(3.81)	14.07
HCKT	1.35	(0.32)	0.00	(0.15)	0.00	0.00	2.77	(2.48)	10.55
ALOT	2.02	0.51	0.21	0.79	1.74	(2.24)	4.33	(3.55)	28.83
FEIM	3.35	0.47	0.09	1.67	3.96	(3.74)	7.37	(5.82)	27.35
DAIO	1.90	0.66	0.22	(2.95)	1.80	(2.36)	4.17	(3.11)	14.32
KEQU	2.89	0.68	0.32	0.47	1.97	(3.56)	6.27	(4.45)	38.49

CSP Corporate Executives

Elected by the shareholders, the CSP's board of directors comprises two types of representatives: CSP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CSP. The board's role is to monitor CSP's management team and ensure that shareholders' interests are well served. CSP'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, CSP's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gary Levine

CFO, VP of Fin., Treasurer and Secretary

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