CDTi Advanced Correlations
| CDTI Stock | USD 0.67 0.09 11.84% |
The current 90-days correlation between CDTi Advanced Materials and Athene Holding is -0.14 (i.e., Good diversification). The correlation of CDTi Advanced 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.
CDTi Advanced Correlation With Market
Significant diversification
The correlation between CDTi Advanced Materials and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDTi Advanced Materials and DJI in the same portfolio, assuming nothing else is changed.
CDTi |
The ability to find closely correlated positions to CDTi Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CDTi Advanced 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 CDTi Advanced - 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 CDTi Advanced Materials to buy it.
Moving together with CDTi Pink Sheet
Moving against CDTi Pink Sheet
| 0.91 | AA | Alcoa Corp Earnings Call This Week | PairCorr |
| 0.85 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.84 | MRK | Merck Company | PairCorr |
| 0.81 | SAR | Saratoga Investment Corp | PairCorr |
| 0.77 | ACN | Accenture plc | PairCorr |
| 0.77 | DD | Dupont De Nemours | PairCorr |
| 0.77 | CAT | Caterpillar Sell-off Trend | PairCorr |
| 0.71 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.69 | JNJ | Johnson Johnson Earnings Call This Week | PairCorr |
| 0.65 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.62 | VLKAF | Volkswagen AG | PairCorr |
| 0.62 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.57 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.55 | AXP | American Express | PairCorr |
| 0.51 | INTC | Intel Aggressive Push | PairCorr |
| 0.49 | PFE | Pfizer Inc | PairCorr |
| 0.38 | AMZN | Amazon Inc | PairCorr |
| 0.35 | TRV | The Travelers Companies Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between CDTi Pink Sheet performing well and CDTi Advanced 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 CDTi Advanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFFL | 3.58 | (0.31) | 0.00 | (0.21) | 0.00 | 3.88 | 84.81 | |||
| NFGRF | 6.14 | 3.42 | 0.00 | (1.36) | 0.00 | 0.00 | 90.91 | |||
| ATHHF | 14.94 | 0.39 | 0.03 | 0.18 | 17.72 | 32.76 | 92.28 | |||
| SNHO | 7.18 | 2.81 | 0.00 | (0.59) | 0.00 | 4.76 | 110.00 | |||
| FFLO | 2.45 | (1.69) | 0.00 | (0.26) | 0.00 | 0.00 | 78.50 | |||
| GHST | 3.47 | (0.05) | 0.00 | 0.04 | 5.32 | 17.65 | 50.29 | |||
| GKIT | 0.72 | (0.06) | 0.00 | 0.03 | 0.00 | 0.00 | 31.18 | |||
| LFEV | 3.00 | 0.71 | 0.00 | (0.19) | 0.00 | 0.00 | 69.33 | |||
| BWMG | 13.01 | 2.61 | 0.11 | 0.91 | 12.04 | 48.15 | 105.49 | |||
| TALN | 2.26 | (0.16) | 0.00 | (0.07) | 0.00 | 0.00 | 58.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CDTi Advanced 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?
Run Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
| All Next | Launch Module |
CDTi Advanced Corporate Executives
Elected by the shareholders, the CDTi Advanced's board of directors comprises two types of representatives: CDTi Advanced inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CDTi. The board's role is to monitor CDTi Advanced's management team and ensure that shareholders' interests are well served. CDTi Advanced'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, CDTi Advanced's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Golden | Co-Founder, CTO and VP of Bus. Devel. and Strategy | Profile | |
| Tracy Kern | CFO, Corporate Secretary | Profile |