CompX International Correlations

CIX Stock

USD 23.70 1.03 4.16%

The current 90-days correlation between CompX International and NL Industries is 0.15 (i.e., Average 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

Very weak diversification

The correlation between CompX International and DJI is 0.57 (i.e., Very weak 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

0.63	NL	NL Industries Earnings Call This Week	Pair Corr
0.64	INPST	Inpost SA	Pair Corr
0.79	ACU	Acme United	Pair Corr
0.66	BCO	Brinks Company	Pair Corr
0.7	BRC	Brady	Pair Corr
0.7	DLX	Deluxe	Pair Corr
0.7	EBF	Ennis Inc	Pair Corr
0.64	6690	INPOST SA UNSPADR12	Pair Corr
0.65	MSA	MSA Safety	Pair Corr
0.61	UNF	Unifirst Upward Rally	Pair Corr

Moving against CompX Stock

0.68	BTM	Bitcoin Depot Normal Trading	Pair Corr
0.64	CRE	Cre8 Enterprise	Pair Corr
0.61	VIRC	Virco Manufacturing	Pair Corr
0.59	WOSB	Wolters Kluwers Nv	Pair Corr
0.53	TEP	Teleperformance SE	Pair Corr
0.39	OYM1	Odyssey Marine Explo	Pair Corr
0.66	PHQ	Photo Me International Earnings Call Tomorrow	Pair Corr
0.59	WKL	Wolters Kluwer NV	Pair Corr
0.57	P8X	PAX Global Technology	Pair Corr
0.54	N09	NOVUS HOLDINGS LTD	Pair Corr
0.47	T9CA	TEAM INC DL	Pair Corr
0.46	APC	Apple Inc	Pair Corr
0.32	GEO	Geo Group	Pair Corr

Related Correlations Analysis

	NL	MG	RLGT	MEC	FSTR	PKOH	OFLX	SPCE	QUAD	TGEN
NL		0.81	0.65	0.61	0.78	0.7	0.8	-0.69	0.37	-0.69	NL
MG	0.81		0.71	0.8	0.89	0.75	0.91	-0.88	0.6	-0.9	MG
RLGT	0.65	0.71		0.83	0.84	0.93	0.85	-0.73	0.6	-0.71	RLGT
MEC	0.61	0.8	0.83		0.86	0.85	0.88	-0.85	0.68	-0.79	MEC
FSTR	0.78	0.89	0.84	0.86		0.88	0.94	-0.86	0.61	-0.87	FSTR
PKOH	0.7	0.75	0.93	0.85	0.88		0.89	-0.75	0.68	-0.7	PKOH
OFLX	0.8	0.91	0.85	0.88	0.94	0.89		-0.9	0.59	-0.87	OFLX
SPCE	-0.69	-0.88	-0.73	-0.85	-0.86	-0.75	-0.9		-0.57	0.92	SPCE
QUAD	0.37	0.6	0.6	0.68	0.61	0.68	0.59	-0.57		-0.55	QUAD
TGEN	-0.69	-0.9	-0.71	-0.79	-0.87	-0.7	-0.87	0.92	-0.55		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

OFLX	+ 0.94	FSTR
PKOH	+ 0.93	RLGT
TGEN	+ 0.92	SPCE
OFLX	+ 0.91	MG
FSTR	+ 0.89	MG
OFLX	+ 0.89	PKOH

High negative correlations

SPCE	- 0.9	OFLX
TGEN	- 0.9	MG
SPCE	- 0.88	MG
TGEN	- 0.87	OFLX
TGEN	- 0.87	FSTR
SPCE	- 0.86	FSTR

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	2.22	0.15	0.05	0.17	2.52	(2.49)	4.39	(4.35)	20.34
MG	1.48	0.39	0.23	0.37	1.34	(1.73)	3.85	(2.37)	8.75
RLGT	1.87	0.27	0.12	0.19	2.16	(2.02)	3.86	(4.53)	23.53
MEC	2.34	0.22	0.09	0.24	2.36	(2.93)	4.64	(3.26)	11.91
FSTR	1.57	0.20	0.12	0.19	1.55	(1.77)	4.75	(2.79)	11.66
PKOH	1.86	0.37	0.18	0.31	1.72	(2.08)	5.26	(3.57)	10.52
OFLX	1.94	0.45	0.22	0.32	1.79	(2.34)	4.53	(3.44)	13.45
SPCE	3.62	(0.49)	0.00	(0.24)	0.00	0.00	6.71	(6.79)	27.80
QUAD	1.68	0.29	0.11	0.25	2.28	(1.83)	3.87	(5.12)	12.61
TGEN	4.12	(1.07)	0.00	(0.39)	0.00	0.00	7.23	(10.34)	29.87

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