Callan JMB Correlations

CJMB Stock

2.08 0.03 1.42%

The current 90-days correlation between Callan JMB Common and Howmet Aerospace is 0.04 (i.e., Significant diversification). The correlation of Callan JMB 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.

Callan JMB Correlation With Market

Excellent diversification

The correlation between Callan JMB Common and DJI is -0.53 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Callan JMB Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Callan Stock

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

Moving together with Callan Stock

0.81	HKPD	Hong Kong Pharma	Pair Corr
0.72	AIRT	Air T Inc	Pair Corr

Moving against Callan Stock

0.69	ZTO	ZTO Express	Pair Corr
0.66	RLGT	Radiant Logistics	Pair Corr
0.63	EXPD	Expeditors International	Pair Corr
0.54	FDX	FedEx	Pair Corr
0.48	UPS	United Parcel Service	Pair Corr
0.47	UPAB	United Parcel Service	Pair Corr
0.47	CJT	Cargojet	Pair Corr
0.43	NRSA	NTG Nordic Transport	Pair Corr
0.39	NCEW	New Century Logistics	Pair Corr
0.36	CHRW	CH Robinson Worldwide	Pair Corr
0.32	XPO	XPO Logistics Earnings Call Today	Pair Corr
0.61	MAT	Mattel Inc Earnings Call This Week	Pair Corr
0.61	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.53	LNDNF	Lundin Energy AB	Pair Corr
0.53	SVSN	Stereo Vision Entert	Pair Corr
0.52	GGLDF	Getchell Gold Corp	Pair Corr
0.51	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.33	ANDE	Andersons	Pair Corr
0.32	NFG	National Fuel Gas	Pair Corr
0.72	BNKHF	BOC Hong Kong	Pair Corr
0.65	FIBK	First Interstate Ban	Pair Corr
0.59	SCLTF	Searchlight Resources	Pair Corr
0.56	IVVD	Invivyd	Pair Corr

Related Correlations Analysis

	FDX	NOC	WM	EMR	MMM	TDG	JCI	ITW	HWM
FDX		0.82	0.8	0.84	-0.46	0.49	0.24	0.91	0.57	FDX
NOC	0.82		0.66	0.89	-0.56	0.66	0.12	0.82	0.71	NOC
WM	0.8	0.66		0.61	-0.41	0.56	0.05	0.68	0.41	WM
EMR	0.84	0.89	0.61		-0.43	0.61	-0.01	0.86	0.64	EMR
MMM	-0.46	-0.56	-0.41	-0.43		-0.19	-0.35	-0.36	-0.29	MMM
TDG	0.49	0.66	0.56	0.61	-0.19		-0.37	0.36	0.61	TDG
JCI	0.24	0.12	0.05	-0.01	-0.35	-0.37		0.27	0.02	JCI
ITW	0.91	0.82	0.68	0.86	-0.36	0.36	0.27		0.46	ITW
HWM	0.57	0.71	0.41	0.64	-0.29	0.61	0.02	0.46		HWM
	FDX	NOC	WM	EMR	MMM	TDG	JCI	ITW	HWM

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

ITW	+ 0.91	FDX
EMR	+ 0.89	NOC
ITW	+ 0.86	EMR
EMR	+ 0.84	FDX
NOC	+ 0.82	FDX
ITW	+ 0.82	NOC

High negative correlations

MMM	- 0.56	NOC
MMM	- 0.46	FDX
MMM	- 0.43	EMR
MMM	- 0.41	WM
JCI	- 0.37	TDG
ITW	- 0.36	MMM

Risk-Adjusted Indicators

There is a big difference between Callan Stock performing well and Callan JMB 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 Callan JMB'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
FDX	1.20	0.53	0.48	0.58	0.46	(1.48)	3.52	(1.59)	7.76
NOC	1.22	0.25	0.14	0.49	1.36	(1.43)	2.91	(1.78)	9.88
WM	0.83	0.17	0.11	0.65	0.96	(0.89)	2.06	(1.50)	6.00
EMR	1.34	0.13	0.09	0.14	1.67	(1.40)	3.00	(2.84)	8.01
MMM	1.17	(0.08)	0.00	(0.01)	0.00	0.00	2.11	(2.10)	9.29
TDG	1.01	(0.06)	0.00	(0.15)	0.00	0.00	1.70	(2.03)	12.34
JCI	1.21	0.17	0.08	0.31	1.47	(1.27)	3.03	(2.00)	15.08
ITW	0.94	0.22	0.17	0.28	0.85	(1.02)	2.77	(2.12)	6.22
HWM	1.28	0.01	0.00	0.07	1.49	(1.35)	3.03	(2.29)	7.17

Callan JMB Corporate Management

Scott Bullard	Chief Officer	Profile
Christopher Shields	Senior Affairs	Profile
Shannon Badger	Interim Officer	Profile
Jeffrey Appleman	Interim Officer	Profile
David MD	Chief Officer	Profile

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