Cadre Holdings Correlations

CDRE Stock

USD 38.55 0.69 1.76%

The current 90-days correlation between Cadre Holdings and European Wax Center is 0.08 (i.e., Significant diversification). The correlation of Cadre Holdings 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.

Cadre Holdings Correlation With Market

Average diversification

The correlation between Cadre Holdings and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadre Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

For information on how to trade Cadre Stock refer to our How to Trade Cadre Stock guide.

Moving together with Cadre Stock

0.71

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Pair Corr

Moving against Cadre Stock

0.36	EVTL	Vertical Aerospace	Pair Corr
0.55	MNTS	Momentus	Pair Corr

Related Correlations Analysis

	EWCZ	STER	ENFN	CINT	CNM
EWCZ		-0.48	-0.44	0.5	-0.27	EWCZ
STER	-0.48		0.91	-0.51	0.8	STER
ENFN	-0.44	0.91		-0.31	0.83	ENFN
CINT	0.5	-0.51	-0.31		-0.23	CINT
CNM	-0.27	0.8	0.83	-0.23		CNM
	EWCZ	STER	ENFN	CINT	CNM

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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

ENFN	+ 0.91	STER
CNM	+ 0.83	ENFN
CNM	+ 0.8	STER
CINT	+ 0.5	EWCZ

High negative correlations

CINT	- 0.51	STER
STER	- 0.48	EWCZ
ENFN	- 0.44	EWCZ
CINT	- 0.31	ENFN
CNM	- 0.27	EWCZ
CNM	- 0.23	CINT

Risk-Adjusted Indicators

There is a big difference between Cadre Stock performing well and Cadre Holdings 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 Cadre Holdings' 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
EWCZ	3.42	0.02	0.01	0.08	5.41	(3.43)	7.64	(6.28)	31.55
STER	0.66	0.08	0.02	0.89	0.93	(0.71)	1.77	(1.22)	7.04
ENFN	1.63	0.33	0.13	1.46	1.85	(1.94)	3.77	(3.40)	9.86
CINT	2.15	(0.02)	(0.01)	0.04	3.10	(2.13)	4.20	(4.38)	14.69
CNM	1.65	0.30	0.17	0.44	1.43	(2.00)	4.25	(2.43)	18.90

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