Caravelle International Correlations

HTCO Stock

USD 7.50 0.01 0.13%

The current 90-days correlation between Caravelle International and NiSource is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caravelle International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caravelle International Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Caravelle International Correlation With Market

Significant diversification

The correlation between Caravelle International Group 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 Caravelle International Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Caravelle Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Caravelle International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Caravelle Stock

0.68

GASS

StealthGas

Pair Corr

Moving against Caravelle Stock

0.64	EHLD	Euroholdings Symbol Change	Pair Corr
0.6	NCT	Intercont Limited	Pair Corr
0.49	OP	Oceanpal	Pair Corr
0.49	KEX	Kirby	Pair Corr
0.49	SFL	SFL Corporation	Pair Corr
0.54	ZIM	ZIM Integrated Shipping	Pair Corr
0.51	ICON	Icon Energy Corp	Pair Corr
0.43	MATX	Matson Inc	Pair Corr
0.49	AZ	A2Z Smart Technologies Downward Rally	Pair Corr
0.46	CCEC	Capital Clean Energy	Pair Corr
0.42	CTRM	Castor Maritime Earnings Call Tomorrow	Pair Corr
0.35	CISS	C3is Inc	Pair Corr

Related Correlations Analysis

	NI	POR	CHBAY	PPL	CMS-PB	AEP	GEV	EXCH
NI		0.53	0.41	0.76	0.3	0.89	0.67	-0.05	NI
POR	0.53		0.77	0.61	0.75	0.57	0.42	0.35	POR
CHBAY	0.41	0.77		0.58	0.72	0.39	0.24	0.37	CHBAY
PPL	0.76	0.61	0.58		0.51	0.8	0.7	-0.12	PPL
CMS-PB	0.3	0.75	0.72	0.51		0.28	0.36	0.35	CMS-PB
AEP	0.89	0.57	0.39	0.8	0.28		0.74	-0.2	AEP
GEV	0.67	0.42	0.24	0.7	0.36	0.74		-0.32	GEV
EXCH	-0.05	0.35	0.37	-0.12	0.35	-0.2	-0.32		EXCH
	NI	POR	CHBAY	PPL	CMS-PB	AEP	GEV	EXCH

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

AEP	+ 0.89	NI
AEP	+ 0.8	PPL
CHBAY	+ 0.77	POR
PPL	+ 0.76	NI
CMS-PB	+ 0.75	POR
GEV	+ 0.74	AEP

High negative correlations

EXCH	- 0.32	GEV
EXCH	- 0.2	AEP
EXCH	- 0.12	PPL
EXCH	- 0.05	NI

Risk-Adjusted Indicators

There is a big difference between Caravelle Stock performing well and Caravelle International 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 Caravelle International'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
NI	0.96	0.14	0.04	(1.03)	1.43	(0.95)	1.95	(2.15)	6.91
POR	0.93	0.06	0.04	0.16	0.90	(1.02)	1.73	(1.43)	5.91
CHBAY	0.68	0.26	0.00	0.96	0.00	0.00	3.61	0.00	7.25
PPL	0.78	0.09	0.06	0.28	0.80	(0.89)	1.70	(1.44)	4.05
CMS-PB	0.93	0.10	0.05	0.39	0.92	(1.32)	2.49	(1.71)	6.91
AEP	0.78	0.11	0.07	0.45	0.74	(0.89)	1.50	(1.26)	5.75
GEV	1.87	0.16	0.07	0.23	2.01	(2.11)	3.77	(3.50)	20.01
EXCH	0.54	0.18	0.00	0.25	0.00	0.00	0.76	0.00	10.02

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