CDT Environmental Correlations

CDTG Stock

0.39 0.05 14.71%

The current 90-days correlation between CDT Environmental and China Natural Resources is -0.04 (i.e., Good diversification). The correlation of CDT Environmental 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.

CDT Environmental Correlation With Market

Very good diversification

The correlation between CDT Environmental Technology and DJI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDT Environmental Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CDT Stock

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

Moving together with CDT Stock

0.63	0Z4I	Sunny Optical Technology	Pair Corr
0.88	FTEK	Fuel Tech	Pair Corr
0.64	0HW4	Charter Communications	Pair Corr

Moving against CDT Stock

0.83	WM	Waste Management	Pair Corr
0.83	0NIF	SMA Solar Technology	Pair Corr
0.78	0IFX	Electronic Arts Earnings Call Tomorrow	Pair Corr
0.72	0LHR	Tyson Foods Cl Earnings Call Today	Pair Corr
0.71	0QZ4	Delta Air Lines	Pair Corr
0.7	TVE	Tennessee Valley Aut	Pair Corr
0.69	0J71	JB Hunt Transport	Pair Corr
0.67	0N9K	Elmos Semiconductor	Pair Corr
0.64	0P5L	Axway Software SA	Pair Corr
0.63	0J5Z	Hormel Foods Corp	Pair Corr
0.63	0HDK	Systemair AB	Pair Corr
0.56	0Q7L	AMAG Austria Metall	Pair Corr
0.56	0KBL	Omega Healthcare Inv Earnings Call This Week	Pair Corr
0.54	0IL1	Federal Realty Investment	Pair Corr
0.53	0FGH	Norwegian Air Shuttle	Pair Corr
0.48	0L8B	Southern Copper Corp	Pair Corr
0.44	0I6U	DXC Technology	Pair Corr
0.35	0NY8	Veolia Environnement	Pair Corr
0.75	0L8F	Southwest Airlines	Pair Corr
0.73	0LEE	Teradata Corp	Pair Corr
0.72	0KV3	Regions Financial Corp	Pair Corr
0.71	0JW2	MT Bank Corp	Pair Corr
0.69	0IW3	Global Net Lease	Pair Corr
0.69	0RQ9	Lundin Mining Corp	Pair Corr
0.69	0JSZ	Ladder Capital Corp Earnings Call This Week	Pair Corr
0.69	0J66	Host Hotels Resorts	Pair Corr

Related Correlations Analysis

	CHNR	OP	SKK	GLXG	DEVS	IVDA	AEHL	FGL	FBGL	INTJ
CHNR		0.27	0.62	0.51	0.31	0.56	0.05	0.27	-0.4	-0.13	CHNR
OP	0.27		-0.18	-0.18	-0.09	0.22	-0.11	-0.27	0.32	0.13	OP
SKK	0.62	-0.18		0.56	0.27	0.39	0.02	0.41	-0.64	-0.35	SKK
GLXG	0.51	-0.18	0.56		0.77	0.37	0.31	0.85	-0.84	0.24	GLXG
DEVS	0.31	-0.09	0.27	0.77		0.49	0.63	0.78	-0.61	0.6	DEVS
IVDA	0.56	0.22	0.39	0.37	0.49		0.6	0.3	-0.18	0.18	IVDA
AEHL	0.05	-0.11	0.02	0.31	0.63	0.6		0.51	-0.17	0.51	AEHL
FGL	0.27	-0.27	0.41	0.85	0.78	0.3	0.51		-0.83	0.37	FGL
FBGL	-0.4	0.32	-0.64	-0.84	-0.61	-0.18	-0.17	-0.83		-0.03	FBGL
INTJ	-0.13	0.13	-0.35	0.24	0.6	0.18	0.51	0.37	-0.03		INTJ
	CHNR	OP	SKK	GLXG	DEVS	IVDA	AEHL	FGL	FBGL	INTJ

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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

FGL	+ 0.85	GLXG
FGL	+ 0.78	DEVS
DEVS	+ 0.77	GLXG
AEHL	+ 0.63	DEVS
SKK	+ 0.62	CHNR
INTJ	+ 0.6	DEVS

High negative correlations

FBGL	- 0.84	GLXG
FBGL	- 0.83	FGL
FBGL	- 0.64	SKK
FBGL	- 0.61	DEVS
FBGL	- 0.4	CHNR
INTJ	- 0.35	SKK

Risk-Adjusted Indicators

There is a big difference between CDT Stock performing well and CDT Environmental 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 CDT Environmental'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
CHNR	3.79	(0.38)	0.00	(0.59)	0.00	0.00	8.87	(8.29)	29.14
OP	6.16	(0.28)	0.00	0.76	0.00	0.00	10.95	(19.70)	52.42
SKK	3.50	(0.32)	0.00	(0.14)	0.00	0.00	7.14	(6.06)	16.80
GLXG	5.45	(0.96)	0.00	0.83	0.00	0.00	10.30	(14.81)	53.25
DEVS	5.30	(0.82)	0.00	(0.49)	0.00	0.00	15.17	(11.76)	41.39
IVDA	6.35	(0.33)	0.00	(0.22)	0.00	0.00	16.67	(12.64)	50.60
AEHL	9.87	(0.33)	0.00	(0.04)	0.00	0.00	10.83	(18.81)	134.82
FGL	6.86	(0.89)	0.00	1.99	0.00	0.00	20.00	(13.73)	59.34
FBGL	4.21	0.73	0.12	0.45	5.22	(5.01)	12.64	(7.53)	34.97
INTJ	3.73	(0.26)	0.00	(0.22)	0.00	0.00	8.16	(10.42)	29.93

CDT Environmental Corporate Executives

Elected by the shareholders, the CDT Environmental's board of directors comprises two types of representatives: CDT Environmental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CDT. The board's role is to monitor CDT Environmental's management team and ensure that shareholders' interests are well served. CDT Environmental's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CDT Environmental's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zijiang Liu

CTO VP

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