Cemtrex Correlations

CETX Stock

USD 1.62 0.22 15.71%

The current 90-days correlation between Cemtrex and Treasure Global is 0.03 (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 -0.55 (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 poverty.

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

Moving together with Cemtrex Stock

0.62	ELTK	Eltek	Pair Corr
0.68	WBX	Wallbox NV	Pair Corr
0.81	HOLO	MicroCloud Hologram	Pair Corr
0.62	REFR	Research Frontiers	Pair Corr
0.79	TRNR	Interactive Strength	Pair Corr
0.75	APVO	Aptevo Therapeutics	Pair Corr
0.7	MSFT	Microsoft	Pair Corr

Moving against Cemtrex Stock

0.8	JNJ	Johnson Johnson	Pair Corr
0.64	WNC	Wabash National	Pair Corr
0.5	ARW	Arrow Electronics Tech Boost	Pair Corr
0.5	GLW	Corning Incorporated Tech Boost	Pair Corr
0.69	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.6	BA	Boeing	Pair Corr
0.59	CVX	Chevron Corp	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.56	MCD	McDonalds Earnings Call This Week	Pair Corr
0.53	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.45	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.39	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	TGL	AUUD	OLB	ULY	BIYA	BOXL	MYSZ	CCG	TAOP
TGL		0.61	0.7	0.04	0.76	0.81	0.69	0.76	0.73	TGL
AUUD	0.61		0.62	0.19	0.62	0.67	0.77	0.59	0.57	AUUD
OLB	0.7	0.62		-0.29	0.71	0.87	0.67	0.92	0.85	OLB
ULY	0.04	0.19	-0.29		-0.11	-0.16	0.05	-0.25	-0.3	ULY
BIYA	0.76	0.62	0.71	-0.11		0.82	0.75	0.74	0.72	BIYA
BOXL	0.81	0.67	0.87	-0.16	0.82		0.78	0.92	0.87	BOXL
MYSZ	0.69	0.77	0.67	0.05	0.75	0.78		0.67	0.66	MYSZ
CCG	0.76	0.59	0.92	-0.25	0.74	0.92	0.67		0.83	CCG
TAOP	0.73	0.57	0.85	-0.3	0.72	0.87	0.66	0.83		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	+ 0.92	OLB
CCG	+ 0.92	BOXL
BOXL	+ 0.87	OLB
TAOP	+ 0.87	BOXL
TAOP	+ 0.85	OLB
TAOP	+ 0.83	CCG

High negative correlations

TAOP	- 0.3	ULY
ULY	- 0.29	OLB
CCG	- 0.25	ULY
BOXL	- 0.16	ULY
BIYA	- 0.11	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	12.39	0.65	0.06	0.33	12.41	(20.31)	14.68	(22.25)	316.34
AUUD	4.34	(0.53)	0.00	(2.78)	0.00	0.00	15.15	(11.11)	36.34
OLB	4.90	(1.22)	0.00	(0.37)	0.00	0.00	10.53	(11.01)	51.07
ULY	6.46	0.02	0.01	0.09	6.39	(9.06)	15.23	(10.29)	70.74
BIYA	8.50	(0.48)	0.00	0.45	0.00	0.00	16.71	(16.61)	93.44
BOXL	6.91	(2.18)	0.00	(0.66)	0.00	0.00	7.89	(15.60)	63.52
MYSZ	4.22	(0.86)	0.00	(0.43)	0.00	0.00	11.39	(10.14)	26.97
CCG	1.74	(0.33)	0.00	(0.90)	0.00	0.00	4.26	(4.08)	10.20
TAOP	5.22	(0.49)	0.00	(0.64)	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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