Creative Global Correlations

CGTL Stock

1.14 0.04 3.39%

The current 90-days correlation between Creative Global Tech and iPower Inc is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Creative Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Creative Global Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Creative Global Correlation With Market

Average diversification

The correlation between Creative Global Technology and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Creative Global Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Creative Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Creative Global 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 persons.

Moving together with Creative Stock

0.78	300771	Shenzhen Zhilai Sci	Pair Corr
0.79	688053	Chengdu Screen Micro	Pair Corr
0.63	300502	Eoptolink Technology	Pair Corr
0.61	002134	Tianjin Printronics	Pair Corr
0.64	300940	Shen Zhen Australis	Pair Corr
0.76	BAERW	Bridger Aerospace	Pair Corr

Moving against Creative Stock

0.79	VRME	VerifyMe	Pair Corr
0.75	300333	Sinosun Tech	Pair Corr
0.7	000938	Unisplendour Corp	Pair Corr
0.68	AMPGW	AmpliTech Group	Pair Corr
0.6	002960	Jade Bird Fire	Pair Corr
0.52	301099	Shanghai Yct Electronics	Pair Corr
0.49	600207	Henan Ancai Hi	Pair Corr
0.49	KN	Knowles Cor	Pair Corr
0.34	603936	Bomin Electronics	Pair Corr
0.83	ELSE	Electro Sensors	Pair Corr
0.77	ELTK	Eltek	Pair Corr
0.76	EHGO	Eshallgo Class A	Pair Corr
0.75	EBON	Ebang International	Pair Corr
0.74	002819	Beijing Oriental Jicheng	Pair Corr
0.61	300354	DongHua Testing Tech	Pair Corr
0.35	000988	Huagong Tech	Pair Corr
0.78	002402	Shenzhen HT Intelligent	Pair Corr
0.73	000050	Tianma Microelectronics	Pair Corr
0.7	300065	Beijing Highlander	Pair Corr
0.54	EVLV	Evolv Technologies Buyout Trend	Pair Corr
0.52	605066	Zhejiang Tengen Electrics	Pair Corr
0.51	601138	Foxconn Industrial	Pair Corr

Related Correlations Analysis

	IPW	YJ	REBN	UCAR	BYAH	AZI	CENN	YYGH	DSS	ATER
IPW		0.67	0.75	0.22	0.69	0.61	0.4	0.59	0.7	0.72	IPW
YJ	0.67		0.84	0.61	0.9	0.9	0.56	0.83	0.88	0.91	YJ
REBN	0.75	0.84		0.46	0.94	0.89	0.76	0.9	0.89	0.88	REBN
UCAR	0.22	0.61	0.46		0.65	0.53	0.33	0.59	0.62	0.51	UCAR
BYAH	0.69	0.9	0.94	0.65		0.93	0.78	0.92	0.93	0.88	BYAH
AZI	0.61	0.9	0.89	0.53	0.93		0.75	0.85	0.92	0.86	AZI
CENN	0.4	0.56	0.76	0.33	0.78	0.75		0.79	0.69	0.66	CENN
YYGH	0.59	0.83	0.9	0.59	0.92	0.85	0.79		0.82	0.87	YYGH
DSS	0.7	0.88	0.89	0.62	0.93	0.92	0.69	0.82		0.9	DSS
ATER	0.72	0.91	0.88	0.51	0.88	0.86	0.66	0.87	0.9		ATER
	IPW	YJ	REBN	UCAR	BYAH	AZI	CENN	YYGH	DSS	ATER

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Risk-Adjusted Indicators

There is a big difference between Creative Stock performing well and Creative Global 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 Creative Global'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IPW	6.72	(0.59)	(0.20)	14.98	(17.32)	57.41
YJ	2.77	(0.54)	(0.35)	5.96	(7.45)	21.58
REBN	3.41	(0.90)	(0.27)	7.59	(9.04)	27.14
UCAR	2.10	(0.27)	(0.82)	4.06	(4.29)	16.39
BYAH	3.63	(1.54)	(0.51)	6.38	(7.69)	24.00
AZI	7.79	(0.96)	(1.82)	13.79	(15.56)	74.77
CENN	5.20	(1.79)	(0.37)	13.33	(10.00)	61.37
YYGH	3.47	(0.87)	(0.36)	6.90	(8.33)	30.95
DSS	2.78	(0.56)	(0.21)	5.04	(6.16)	18.47
ATER	3.34	(0.75)	(0.30)	6.52	(7.14)	28.48

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