Calian Group Correlations

CLNFF Stock

USD 34.76 0.13 0.38%

The current 90-days correlation between Calian Group and Orion Engineered Carbons is 0.22 (i.e., Modest diversification). The correlation of Calian Group 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.

Calian Group Correlation With Market

Weak diversification

The correlation between Calian Group and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calian Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Calian Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calian Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Calian Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Calian Group to buy it.

Moving together with Calian Pink Sheet

0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Calian Pink Sheet

0.72	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.68	MSB	Mesabi Trust	Pair Corr
0.66	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr
0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.65	T	ATT Inc Aggressive Push	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.53	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.52	NTNX	Nutanix Earnings Call This Week	Pair Corr
0.43	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	ESI	OEC	MTX	NGVT	HWKN	CRKN	CMT	BCPC	NEU	REX
ESI		0.01	0.77	0.81	0.01	-0.62	-0.41	0.68	0.12	0.52	ESI
OEC	0.01		0.22	0.26	0.67	0.33	0.59	0.44	0.34	0.16	OEC
MTX	0.77	0.22		0.61	0.42	-0.51	-0.32	0.63	-0.12	0.64	MTX
NGVT	0.81	0.26	0.61		0.0	-0.5	-0.07	0.84	0.31	0.46	NGVT
HWKN	0.01	0.67	0.42	0.0		0.05	0.29	0.34	-0.14	0.35	HWKN
CRKN	-0.62	0.33	-0.51	-0.5	0.05		0.61	-0.4	0.28	-0.19	CRKN
CMT	-0.41	0.59	-0.32	-0.07	0.29	0.61		0.12	0.56	-0.02	CMT
BCPC	0.68	0.44	0.63	0.84	0.34	-0.4	0.12		0.31	0.59	BCPC
NEU	0.12	0.34	-0.12	0.31	-0.14	0.28	0.56	0.31		0.07	NEU
REX	0.52	0.16	0.64	0.46	0.35	-0.19	-0.02	0.59	0.07		REX
	ESI	OEC	MTX	NGVT	HWKN	CRKN	CMT	BCPC	NEU	REX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BCPC	+ 0.84	NGVT
NGVT	+ 0.81	ESI
MTX	+ 0.77	ESI
BCPC	+ 0.68	ESI
HWKN	+ 0.67	OEC
REX	+ 0.64	MTX

High negative correlations

CRKN	- 0.62	ESI
CRKN	- 0.51	MTX
CRKN	- 0.5	NGVT
CMT	- 0.41	ESI
BCPC	- 0.4	CRKN
CMT	- 0.32	MTX

Risk-Adjusted Indicators

There is a big difference between Calian Pink Sheet performing well and Calian Group 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 Calian Group'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
ESI	1.29	0.08	0.06	0.20	1.30	(1.55)	3.77	(1.95)	11.06
OEC	2.21	(0.19)	(0.01)	0.04	2.56	(2.18)	5.81	(3.84)	15.71
MTX	1.31	(0.06)	0.04	0.09	1.30	(1.49)	2.94	(2.51)	11.90
NGVT	3.02	0.21	0.12	0.20	2.79	(3.69)	8.28	(3.76)	21.33
HWKN	1.67	(0.12)	0.00	0.06	2.48	(1.62)	3.27	(3.65)	12.56
CRKN	4.36	(1.66)	0.00	(7.00)	0.00	0.00	7.87	(10.59)	35.24
CMT	1.92	(0.25)	(0.06)	0.00	2.14	(2.11)	3.97	(3.59)	13.85
BCPC	1.11	(0.02)	0.00	0.10	1.26	(1.25)	2.64	(1.99)	8.32
NEU	1.14	(0.19)	0.00	(0.02)	0.00	0.00	2.47	(1.93)	10.57
REX	1.58	(0.18)	(0.06)	0.00	2.19	(1.63)	3.13	(3.71)	10.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in Calian Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Sectors Now

Sectors

List of equity sectors categorizing publicly traded companies based on their primary business activities

All Next

Launch Module

Calian Group Corporate Management

Patrick Thera	VP and General Manager of Systems Engineering Division	Profile
Gordon PEng	Pres Services	Profile
Jennifer CFA	Director Relations	Profile
Michele Bedford	Chief Officer	Profile
Michael Muldner	Chief Officer	Profile
Seann Hamer	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC