Cabot Correlations

CBT Stock

USD 72.19 0.04 0.06%

The current 90-days correlation between Cabot and NovaGold Resources is 0.15 (i.e., Average diversification). The correlation of Cabot 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.

Cabot Correlation With Market

Very poor diversification

The correlation between Cabot and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cabot and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cabot Stock

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

For more information on how to buy Cabot Stock please use our How to Invest in Cabot guide.

Moving together with Cabot Stock

0.88	OEC	Orion Engineered Carbons	Pair Corr
0.71	ATCOL	Atlas Corp	Pair Corr
0.7	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.71	LILIF	Argentina Lithium Energy	Pair Corr
0.8	ACN	Accenture plc	Pair Corr
0.7	FNCHF	FINEOSHoldings Plc	Pair Corr
0.69	KGC	Kinross Gold	Pair Corr
0.8	ARRJF	Arjo AB	Pair Corr

Moving against Cabot Stock

0.72	GCMGW	GCM Grosvenor	Pair Corr
0.72	PBCRY	Bank Central Asia	Pair Corr
0.6	ADVWW	Advantage Solutions	Pair Corr
0.54	ATMV	ATMV Old Symbol Change	Pair Corr
0.5	MAPSW	WM Technology	Pair Corr
0.46	PTAIF	PT Astra International	Pair Corr
0.39	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	NG	CGAU	KNF	PRM	SMG	FUL
NG		0.88	0.61	0.71	0.74	0.54	NG
CGAU	0.88		0.5	0.58	0.87	0.51	CGAU
KNF	0.61	0.5		0.86	0.51	0.51	KNF
PRM	0.71	0.58	0.86		0.46	0.42	PRM
SMG	0.74	0.87	0.51	0.46		0.61	SMG
FUL	0.54	0.51	0.51	0.42	0.61		FUL
	NG	CGAU	KNF	PRM	SMG	FUL

Risk-Adjusted Indicators

There is a big difference between Cabot Stock performing well and Cabot 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 Cabot'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
NG	2.55	0.38	0.12	0.45	2.60	(3.03)	5.97	(4.93)	16.31
CGAU	2.02	0.86	0.35	1.58	1.61	(2.42)	5.00	(2.88)	14.92
KNF	1.92	0.09	0.05	0.10	2.26	(2.23)	3.85	(3.28)	16.62
PRM	1.93	0.25	0.09	0.39	2.49	(2.01)	3.38	(2.84)	30.19
SMG	1.40	0.19	0.08	0.40	1.64	(1.37)	3.19	(3.22)	7.91
FUL	1.24	(0.08)	0.00	(0.02)	0.00	0.00	3.48	(2.38)	8.23

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC