Celerity Solutions Correlations
| CLTY Stock | USD 0.01 0.00 0.000002% |
The current 90-days correlation between Celerity Solutions and USDATA Corp is -0.02 (i.e., Good diversification). The correlation of Celerity Solutions 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.
Celerity Solutions Correlation With Market
Very weak diversification
The correlation between Celerity Solutions and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celerity Solutions and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Celerity Stock
| 0.87 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.64 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.79 | DAIUF | Daifuku Co | PairCorr |
| 0.69 | FUWAF | Furukawa Electric | PairCorr |
| 0.81 | ALF | Centurion Acquisition | PairCorr |
| 0.69 | AX | Axos Financial | PairCorr |
| 0.63 | POROF | Panoro Minerals | PairCorr |
| 0.83 | VET | Vermilion Energy | PairCorr |
| 0.74 | T | ATT Inc Aggressive Push | PairCorr |
| 0.76 | ENB | Enbridge | PairCorr |
| 0.77 | TPL | Texas Pacific Land | PairCorr |
| 0.63 | TV | Grupo Televisa SAB Earnings Call This Week | PairCorr |
| 0.65 | BHFAP | Brighthouse Financial | PairCorr |
| 0.74 | ASAZF | ASSA ABLOY AB | PairCorr |
| 0.74 | KELYA | Kelly Services A | PairCorr |
| 0.66 | EKCS | Electronic Control | PairCorr |
| 0.63 | KLXE | KLX Energy Services | PairCorr |
| 0.81 | HGKGY | Power Assets Holdings | PairCorr |
| 0.82 | IVSBF | Investor AB ser | PairCorr |
| 0.83 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.82 | CDUAF | Canadian Utilities | PairCorr |
| 0.76 | JCI | Johnson Controls Int | PairCorr |
Moving against Celerity Stock
| 0.66 | NDEKY | Nitto Denko Corp | PairCorr |
| 0.43 | EGRX | Eagle Pharmaceuticals | PairCorr |
| 0.36 | CRKT | Cirmaker Technology | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Celerity Stock performing well and Celerity Solutions 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 Celerity Solutions' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| USDC | 32.83 | 16.55 | 0.00 | 9.48 | 0.00 | 0.00 | 1,100 | |||
| PRZM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FDBL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SOFO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPHM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FUEG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPDC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VRVR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CDRBQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATIW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |