ChargePoint Holdings Correlations
| CHPT Stock | USD 1.13 0.04 3.67% |
The current 90-days correlation between ChargePoint Holdings and Pet Acquisition LLC is 0.26 (i.e., Modest diversification). The correlation of ChargePoint Holdings 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.
ChargePoint Holdings Correlation With Market
Average diversification
The correlation between ChargePoint Holdings and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ChargePoint Holdings and DJI in the same portfolio, assuming nothing else is changed.
ChargePoint |
Moving together with ChargePoint Stock
Moving against ChargePoint Stock
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| 0.52 | DRVN | Driven Brands Holdings | PairCorr |
| 0.49 | IP | International Paper | PairCorr |
| 0.47 | SW | Smurfit WestRock plc | PairCorr |
| 0.43 | DIIBF | Dorel Industries | PairCorr |
| 0.37 | ELYS | Elys Game Technology | PairCorr |
| 0.36 | WBUY | WEBUY GLOBAL LTD | PairCorr |
| 0.77 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.54 | KRT | Karat Packaging | PairCorr |
| 0.53 | KFS | Kingsway Financial | PairCorr |
| 0.49 | MLR | Miller Industries | PairCorr |
| 0.48 | NCI | Neo Concept Internat | PairCorr |
| 0.47 | GEF | Greif Bros Fiscal Year End 4th of December 2024 | PairCorr |
| 0.45 | CCK | Crown Holdings | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ChargePoint Stock performing well and ChargePoint Holdings 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 ChargePoint Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WOOF | 4.64 | 0.60 | 0.16 | 0.41 | 4.06 | 11.27 | 41.26 | |||
| ULTA | 1.38 | (0.15) | 0.00 | (0.18) | 0.00 | 2.89 | 8.40 | |||
| BBY | 1.30 | 0.04 | (0.01) | 0.25 | 1.59 | 2.26 | 18.06 | |||
| DKS | 1.39 | (0.26) | 0.00 | (0.36) | 0.00 | 2.49 | 9.72 | |||
| RH | 2.24 | 0.36 | 0.18 | 0.44 | 1.77 | 4.89 | 29.32 | |||
| AZO | 1.06 | (0.12) | 0.00 | (0.12) | 0.00 | 2.14 | 6.36 | |||
| WSM | 2.24 | 0.40 | 0.13 | 0.90 | 2.35 | 4.52 | 13.79 |
ChargePoint Holdings Corporate Management
| Mansi Khetani | Chief Officer | Profile | |
| Hossein Kazemi | Chief Hardware | Profile | |
| Michael Linse | Independent Director | Profile | |
| Jagdeep Singh | Chief Officer | Profile | |
| Ekta Singhbushell | Independent Director | Profile | |
| Sherice Torres | Chief Officer | Profile | |
| Jeffrey Harris | Independent Director | Profile |