C-Bond Systems Correlations
| CBNT Stock | USD 0 0.0002 16.67% |
The current 90-days correlation between C Bond Systems and Renewal Fuels is 0.03 (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
Good diversification
The correlation between C Bond Systems and DJI is -0.02 (i.e., Good 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
| 0.84 | AIQUY | Air Liquide SA | PairCorr |
| 0.88 | AIQUF | LAir Liquide SA | PairCorr |
| 0.85 | SKFOF | Sika AG | PairCorr |
| 0.86 | SXYAY | Sika AG ADR | PairCorr |
| 0.89 | GVDNY | Givaudan SA ADR | PairCorr |
| 0.79 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.76 | BKRKY | Bank Rakyat | PairCorr |
| 0.68 | PBCRY | Bank Central Asia | PairCorr |
| 0.72 | PTBRY | Bank Negara Indonesia | PairCorr |
Moving against C-Bond Pink Sheet
| 0.51 | APD | Air Products | PairCorr |
| 0.51 | KB | KB Financial Group | PairCorr |
| 0.36 | AUR | Aurora Innovation Sell-off Trend | PairCorr |
| 0.31 | SHW | Sherwin Williams Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.94 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.86 | ATOM | Atomera | PairCorr |
| 0.75 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.75 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.72 | STR | Sitio Royalties Corp | PairCorr |
| 0.72 | KD | Kyndryl Holdings | PairCorr |
| 0.72 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.63 | TTD | Trade Desk | PairCorr |
| 0.59 | LINK | Interlink Electronics | PairCorr |
| 0.59 | MA | Mastercard | PairCorr |
| 0.57 | GOODN | Gladstone Commercial Corp | PairCorr |
| 0.54 | B | Barnes Group | PairCorr |
| 0.49 | FDS | FactSet Research Systems | PairCorr |
| 0.48 | DDD | 3D Systems | 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 | 3.17 | (2.13) | 0.00 | (0.41) | 0.00 | 0.00 | 100.00 | |||
| INTK | 119.93 | 44.44 | 0.00 | 0.64 | 0.00 | 1,000.00 | 1,100 | |||
| CNEY | 16.53 | 4.80 | 0.33 | (2.03) | 10.58 | 33.96 | 413.69 | |||
| ACRB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AKZOF | 0.68 | (0.05) | 0.00 | 0.05 | 0.00 | 2.13 | 19.11 | |||
| ASGLY | 1.55 | 0.09 | (0.02) | (3.53) | 1.83 | 4.96 | 11.06 | |||
| ARKAY | 1.53 | (0.33) | 0.00 | (0.24) | 0.00 | 3.17 | 10.23 | |||
| ABSSF | 1.91 | (0.41) | 0.00 | (0.70) | 0.00 | 5.26 | 16.57 | |||
| GLGI | 3.14 | (0.68) | 0.00 | (0.61) | 0.00 | 5.45 | 22.42 |
Be your own money manager
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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 |