CMBTECH NV Correlations

CMBT Stock

12.47 0.41 3.40%

The current 90-days correlation between CMBTECH NV and Cadeler AS is 0.2 (i.e., Modest diversification). The correlation of CMBTECH NV 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.

CMBTECH NV Correlation With Market

Poor diversification

The correlation between CMBTECH NV and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CMBTECH NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CMBTECH Stock

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

For more information on how to buy CMBTECH Stock please use our How to Invest in CMBTECH NV guide.

Moving together with CMBTECH Stock

0.92	ET	Energy Transfer LP Earnings Call This Week	Pair Corr
0.72	P5P	Pembina Pipeline Corp	Pair Corr
0.83	EPD	Enterprise Products	Pair Corr
0.84	GLP	Global Partners LP	Pair Corr
0.86	KMI	Kinder Morgan Aggressive Push	Pair Corr
0.75	NGL	NGL Energy Partners	Pair Corr
0.83	GASS	StealthGas	Pair Corr
0.88	WMB	Williams Companies	Pair Corr
0.81	KNTK	Kinetik Holdings	Pair Corr
0.76	MPLX	MPLX LP	Pair Corr
0.77	S5H0	SIEM OFFSHORE NEW Earnings Call This Week	Pair Corr
0.82	PPL	Pembina Pipeline Corp	Pair Corr
0.79	APETF	Alpha Esports Tech	Pair Corr
0.8	RILYL	B Riley Financial	Pair Corr
0.79	THO	Thor Industries	Pair Corr
0.78	RCKY	Rocky Brands	Pair Corr
0.66	NFG	National Fuel Gas	Pair Corr
0.77	OBYCF	Obayashi	Pair Corr
0.86	TFLM	TFLM	Pair Corr
0.77	SECVY	Seche Environnement	Pair Corr

Moving against CMBTECH Stock

0.46	NVNIW	Nvni Group Limited	Pair Corr
0.42	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	CDLR	BWLP	ZIM	SBLK	CMRE	DAC	NMM
CDLR		0.93	0.67	0.88	0.66	0.85	0.85	CDLR
BWLP	0.93		0.49	0.82	0.48	0.74	0.79	BWLP
ZIM	0.67	0.49		0.65	0.9	0.74	0.66	ZIM
SBLK	0.88	0.82	0.65		0.73	0.9	0.96	SBLK
CMRE	0.66	0.48	0.9	0.73		0.82	0.76	CMRE
DAC	0.85	0.74	0.74	0.9	0.82		0.94	DAC
NMM	0.85	0.79	0.66	0.96	0.76	0.94		NMM
	CDLR	BWLP	ZIM	SBLK	CMRE	DAC	NMM

Risk-Adjusted Indicators

There is a big difference between CMBTECH Stock performing well and CMBTECH NV 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 CMBTECH NV'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
CDLR	2.13	0.50	0.22	0.46	1.83	(2.35)	5.39	(3.41)	11.93
BWLP	1.59	0.37	0.16	2.56	1.55	(1.83)	4.02	(2.78)	7.74
ZIM	2.50	0.54	0.19	0.45	2.55	(2.84)	6.15	(5.40)	20.91
SBLK	1.37	0.40	0.16	3.07	1.66	(1.50)	3.15	(2.41)	9.64
CMRE	1.48	0.30	0.13	0.62	1.73	(1.65)	3.17	(2.62)	10.89
DAC	0.93	0.19	0.10	20.45	0.89	(1.07)	2.47	(1.62)	5.60
NMM	1.25	0.38	0.23	3.15	0.99	(1.51)	2.74	(2.05)	7.50

CMBTECH NV Corporate Management

Sofie Lemlijn	Senior General	Profile
Rustin Edwards	Head procurement	Profile
Joris Daman	Head Relations	Profile
Katrien Hennin	Head Communications	Profile
Hugo Stoop	Senior Advisor	Profile
Veronique Raes	Chief Officer	Profile

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