Cemtrex Correlations

CETX Stock

USD 1.08 0.02 1.89%

The current 90-days correlation between Cemtrex and Treasure Global is 0.02 (i.e., Significant diversification). The correlation of Cemtrex 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.

Cemtrex Correlation With Market

Excellent diversification

The correlation between Cemtrex and DJI is -0.59 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cemtrex and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cemtrex Stock

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

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

Moving together with Cemtrex Stock

0.7	EBON	Ebang International	Pair Corr
0.69	EHGO	Eshallgo Class A	Pair Corr
0.61	WRAP	Wrap Technologies	Pair Corr

Moving against Cemtrex Stock

0.73	LFS	Littelfuse	Pair Corr
0.73	PX4	Plexus Corp	Pair Corr
0.67	Q	Qnity Electronics Tech Boost	Pair Corr
0.65	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.62	PRHA	Prosegur Compaa de	Pair Corr
0.6	KN	Knowles Cor	Pair Corr
0.56	P4O	Plan Optik AG	Pair Corr
0.48	VRME	VerifyMe	Pair Corr
0.45	AN1	Anritsu	Pair Corr
0.41	MQR1	MULTI CHEM LTD	Pair Corr
0.31	FN	Fabrinet	Pair Corr
0.74	BRV	Brady	Pair Corr
0.72	MKT	MKS Instruments	Pair Corr
0.7	VNI	Avnet Inc	Pair Corr
0.67	BAERW	Bridger Aerospace	Pair Corr
0.65	SATLW	Satellogic Warrant	Pair Corr
0.61	H7B	COHERENT CORP	Pair Corr
0.34	7YM	NSE SA EO	Pair Corr
0.7	AVT	Avnet Inc	Pair Corr
0.68	ARW	Arrow Electronics	Pair Corr
0.65	BHE	Benchmark Electronics	Pair Corr
0.58	MLI	MESA LABS INC	Pair Corr
0.54	BDC	Belden Inc	Pair Corr
0.46	FEIM	Frequency Electronics	Pair Corr

Related Correlations Analysis

	TGL	AUUD	OLB	ULY	BIYA	BOXL	MYSZ	CCG	TAOP
TGL		0.39	0.53	0.07	0.65	0.67	0.53	0.69	0.69	TGL
AUUD	0.39		0.54	0.16	0.5	0.44	0.56	0.46	0.46	AUUD
OLB	0.53	0.54		-0.27	0.54	0.75	0.4	0.68	0.69	OLB
ULY	0.07	0.16	-0.27		0.02	-0.24	0.16	-0.15	-0.26	ULY
BIYA	0.65	0.5	0.54	0.02		0.76	0.85	0.83	0.77	BIYA
BOXL	0.67	0.44	0.75	-0.24	0.76		0.61	0.94	0.89	BOXL
MYSZ	0.53	0.56	0.4	0.16	0.85	0.61		0.71	0.63	MYSZ
CCG	0.69	0.46	0.68	-0.15	0.83	0.94	0.71		0.82	CCG
TAOP	0.69	0.46	0.69	-0.26	0.77	0.89	0.63	0.82		TAOP
	TGL	AUUD	OLB	ULY	BIYA	BOXL	MYSZ	CCG	TAOP

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

CCG	+ 0.94	BOXL
TAOP	+ 0.89	BOXL
MYSZ	+ 0.85	BIYA
CCG	+ 0.83	BIYA
TAOP	+ 0.82	CCG
TAOP	+ 0.77	BIYA

High negative correlations

ULY	- 0.27	OLB
TAOP	- 0.26	ULY
BOXL	- 0.24	ULY
CCG	- 0.15	ULY

Risk-Adjusted Indicators

There is a big difference between Cemtrex Stock performing well and Cemtrex 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 Cemtrex'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
TGL	12.53	1.34	0.11	0.79	12.27	(17.86)	14.68	(22.25)	316.34
AUUD	5.29	0.26	0.03	(1.00)	5.22	(9.44)	19.39	(11.11)	47.43
OLB	10.95	1.54	0.18	0.51	9.24	(21.87)	10.96	(17.07)	290.89
ULY	6.32	0.38	0.06	0.34	6.07	(8.53)	15.23	(10.29)	70.74
BIYA	7.28	(1.74)	0.00	(1.04)	0.00	0.00	16.71	(17.48)	76.82
BOXL	7.32	(1.40)	0.00	(0.53)	0.00	0.00	12.24	(16.49)	77.40
MYSZ	3.84	(0.52)	0.00	(0.33)	0.00	0.00	11.39	(8.25)	26.97
CCG	1.72	(0.27)	0.00	(0.73)	0.00	0.00	4.26	(4.08)	10.03
TAOP	5.12	(0.21)	0.00	(0.39)	0.00	0.00	11.43	(9.57)	51.37

Cemtrex Corporate Management

Mark Provinsal	SVP Industries	Profile
Paul Wyckoff	Corporate Controller	Profile
Gaurav Taywade	Chief Studio	Profile
Shane Compton	Chief Industries	Profile
Bret McGowan	SVP Industries	Profile
Christopher Moore	Chief Officer	Profile

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