Climb Global Correlations

Stocks . USA . 
Stock . Climb Global Solutions
CLMB Stock  USD 129.47  1.75  1.33%   
The current 90-days correlation between Climb Global Solutions and ScanSource is 0.52 (i.e., Very weak diversification). The correlation of Climb Global 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.

Climb Global Correlation With Market

Average diversification

The correlation between Climb Global Solutions and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Climb Global Solutions and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Climb Global Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Climb Stock

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  0.76KD Kyndryl HoldingsPairCorr
  0.7KN Knowles Cor Earnings Call This WeekPairCorr
  0.87ML MoneyLionPairCorr
  0.62NN Nextnav Acquisition CorpPairCorr
  0.75UI Ubiquiti Networks Earnings Call This WeekPairCorr

Moving against Climb Stock

  0.72DQ Daqo New EnergyPairCorr
  0.64NSIT Insight EnterprisesPairCorr
  0.57TAIT Taitron ComponentsPairCorr
  0.45DM Desktop Metal Tech BoostPairCorr
  0.44ARW Arrow Electronics Earnings Call This WeekPairCorr
  0.75MQ MarqetaPairCorr
  0.71MI NFT LimitedPairCorr
  0.45QH QuhuoPairCorr
  0.4PI Impinj Inc Earnings Call This WeekPairCorr
  0.33ON ON Semiconductor Earnings Call This WeekPairCorr

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   
ARW
+ 0.84
NSIT
CNXN
+ 0.84
SCSC
SNPO
+ 0.5
SCSC
SNX
+ 0.4
SNPO
CNXN
+ 0.39
SNPO
CNXN
+ 0.32
SNX
  
High negative correlations   
ARW
- 0.59
SNPO
SNPO
- 0.58
NSIT
SCSC
- 0.38
NSIT
CNXN
- 0.14
NSIT
ARW
- 0.11
SCSC
ARW
- 0.03
SNX

Risk-Adjusted Indicators

There is a big difference between Climb Stock performing well and Climb 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 Climb 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.

Climb Global Corporate Management

Vito LegrottaglieVP OfficerProfile
Charles BassVP OfficerProfile
Melanie CaponigroDirector AccountingProfile
Matthew SullivanChief OfficerProfile
Gerard BrophyManaging DirectorProfile
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