CompX International Correlations

CIX Stock

USD 23.51 0.51 2.22%

The current 90-days correlation between CompX International and NL Industries is 0.05 (i.e., Significant diversification). The correlation of CompX International 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.

CompX International Correlation With Market

Good diversification

The correlation between CompX International and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CompX International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CompX Stock

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

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

Moving together with CompX Stock

0.7

ACU

Acme United

Pair Corr

Moving against CompX Stock

0.4	VIRC	Virco Manufacturing	Pair Corr
0.32	002229	Hongbo	Pair Corr
0.31	BTM	Bitcoin Depot	Pair Corr
0.42	SCS	Steelcase	Pair Corr
0.31	YIBO	Planet Image Interna Tech Boost	Pair Corr

Related Correlations Analysis

	NL	MG	RLGT	MEC	FSTR	PKOH	OFLX	SPCE	QUAD	TGEN
NL		0.1	0.31	0.2	0.44	0.47	0.58	-0.1	0.24	0.08	NL
MG	0.1		0.71	0.63	0.64	0.51	0.5	-0.72	0.55	-0.87	MG
RLGT	0.31	0.71		0.7	0.59	0.87	0.74	-0.48	0.87	-0.7	RLGT
MEC	0.2	0.63	0.7		0.55	0.6	0.52	-0.63	0.66	-0.65	MEC
FSTR	0.44	0.64	0.59	0.55		0.54	0.62	-0.55	0.59	-0.57	FSTR
PKOH	0.47	0.51	0.87	0.6	0.54		0.77	-0.33	0.85	-0.52	PKOH
OFLX	0.58	0.5	0.74	0.52	0.62	0.77		-0.47	0.71	-0.47	OFLX
SPCE	-0.1	-0.72	-0.48	-0.63	-0.55	-0.33	-0.47		-0.38	0.74	SPCE
QUAD	0.24	0.55	0.87	0.66	0.59	0.85	0.71	-0.38		-0.63	QUAD
TGEN	0.08	-0.87	-0.7	-0.65	-0.57	-0.52	-0.47	0.74	-0.63		TGEN
	NL	MG	RLGT	MEC	FSTR	PKOH	OFLX	SPCE	QUAD	TGEN

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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

PKOH	+ 0.87	RLGT
QUAD	+ 0.87	RLGT
QUAD	+ 0.85	PKOH
OFLX	+ 0.77	PKOH
OFLX	+ 0.74	RLGT
TGEN	+ 0.74	SPCE

High negative correlations

TGEN	- 0.87	MG
SPCE	- 0.72	MG
TGEN	- 0.7	RLGT
TGEN	- 0.65	MEC
TGEN	- 0.63	QUAD
SPCE	- 0.63	MEC

Risk-Adjusted Indicators

There is a big difference between CompX Stock performing well and CompX International 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 CompX International'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
NL	2.28	(0.01)	0.00	0.05	2.51	(2.76)	5.51	(4.82)	20.34
MG	2.16	0.52	0.29	0.37	1.55	(2.75)	4.20	(2.81)	27.65
RLGT	1.22	(0.03)	(0.01)	0.04	1.64	(1.27)	2.71	(2.50)	8.55
MEC	2.63	0.41	0.15	0.38	2.61	(3.38)	5.21	(4.98)	31.17
FSTR	1.54	0.17	0.05	(0.39)	1.49	(1.84)	3.69	(2.45)	10.80
PKOH	1.82	0.06	0.04	0.11	2.42	(1.99)	3.63	(3.60)	14.74
OFLX	1.66	0.07	0.05	0.13	1.72	(1.99)	3.87	(2.79)	11.55
SPCE	3.70	(0.67)	0.00	(0.26)	0.00	0.00	6.71	(7.90)	27.80
QUAD	1.77	0.03	0.01	0.09	3.27	(1.70)	3.09	(4.72)	14.67
TGEN	4.37	(1.37)	0.00	(0.61)	0.00	0.00	8.10	(10.49)	35.03

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