C-Bond Systems Correlations
| CBNT Stock | USD 0.0009 0.0001 10.00% |
The current 90-days correlation between C Bond Systems and Renewal Fuels is 0.06 (i.e., Significant diversification). The correlation of C-Bond Systems 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.
C-Bond Systems Correlation With Market
Significant diversification
The correlation between C Bond Systems and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding C Bond Systems and DJI in the same portfolio, assuming nothing else is changed.
C-Bond |
The ability to find closely correlated positions to C-Bond Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace C-Bond Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back C-Bond Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling C Bond Systems to buy it.
Moving together with C-Bond Pink Sheet
| 0.73 | AIQUY | Air Liquide SA | PairCorr |
| 0.7 | AIQUF | LAir Liquide SA | PairCorr |
| 0.67 | SKFOF | Sika AG | PairCorr |
| 0.76 | SXYAY | Sika AG ADR | PairCorr |
Moving against C-Bond Pink Sheet
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| 0.4 | V | Visa Class A | PairCorr |
| 0.35 | GSTX | Graphene Solar Techn | PairCorr |
| 0.63 | BA | Boeing | PairCorr |
| 0.58 | MSFT | Microsoft Downward Rally | PairCorr |
| 0.55 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.55 | IBM | International Business Upward Rally | PairCorr |
| 0.54 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.52 | VZ | Verizon Communications | PairCorr |
| 0.47 | AXP | American Express | PairCorr |
| 0.41 | BAMXF | Bayerische Motoren Werke | PairCorr |
| 0.39 | GILT | Gilat Satellite Networks | PairCorr |
| 0.32 | JPM | JPMorgan Chase | 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
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Risk-Adjusted Indicators
There is a big difference between C-Bond Pink Sheet performing well and C-Bond Systems 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 C-Bond Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LHYFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RNWF | 3.39 | (2.00) | 0.00 | (0.59) | 0.00 | 0.00 | 100.00 | |||
| INTK | 256.38 | 131.86 | 1.24 | (16.27) | 42.74 | 1,000.00 | 1,100 | |||
| CNEY | 6.70 | (0.64) | 0.00 | (0.25) | 0.00 | 14.29 | 90.75 | |||
| ACRB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AKZOF | 0.81 | (0.04) | 0.00 | (0.35) | 0.00 | 4.85 | 13.17 | |||
| ASGLY | 1.94 | (0.16) | 0.00 | 0.91 | 0.00 | 5.41 | 12.59 | |||
| ARKAY | 1.38 | (0.17) | 0.00 | (0.98) | 0.00 | 2.93 | 7.71 | |||
| ABSSF | 1.60 | 0.02 | 0.00 | 0.06 | 0.00 | 7.06 | 12.75 | |||
| GLGI | 2.30 | (0.15) | 0.00 | (0.95) | 0.00 | 4.21 | 13.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in C-Bond Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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C-Bond Systems Corporate Management
| Michael Wanke | Pres Group | Profile | |
| Andrew Barron | Chief Officer | Profile | |
| Craig Steinroeder | VP Devel | Profile | |
| Enrique Barrera | Chief Advisor | Profile | |
| Brian JD | Legal Board | Profile | |
| Scott Silverman | Chairman CEO | Profile | |
| Allison Tomek | Pres Director | Profile |