Core Main Correlations

CNM Stock

USD 57.42 0.25 0.43%

The current 90-days correlation between Core Main and Pool Corporation is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Core Main moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Main moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Core Main Correlation With Market

Almost no diversification

The correlation between Core Main and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Main and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Core Stock

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

To learn how to invest in Core Stock, please use our How to Invest in Core Main guide.

Moving together with Core Stock

0.82	AL	Air Lease Earnings Call This Week	Pair Corr
0.85	DSGR	Distribution Solutions	Pair Corr
0.75	WLFC	Willis Lease Finance	Pair Corr
0.74	FTAI	FTAI Aviation	Pair Corr
0.63	URI	United Rentals	Pair Corr
0.71	WJX	Wajax	Pair Corr
0.77	RUSHA	Rush Enterprises A	Pair Corr
0.81	FXL	FUYO GENERAL LEASE	Pair Corr
0.73	WIJ	WILLIS LEASE FIN	Pair Corr
0.76	WS11	WillScot Mobile Mini	Pair Corr
0.78	DBM	Doman Building Materials	Pair Corr
0.66	CTOS	Custom Truck One	Pair Corr
0.73	ADEN	ADENTRA	Pair Corr
0.7	ENS	Enersys Earnings Call This Week	Pair Corr
0.75	BNKHF	BOC Hong Kong	Pair Corr
0.63	RILYL	B Riley Financial	Pair Corr

Moving against Core Stock

0.59	EFN	Element Fleet Management	Pair Corr
0.48	AA4	Amedeo Air Four	Pair Corr
0.46	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.73	BROGF	BROGF	Pair Corr
0.7	PTAIF	PT Astra International	Pair Corr
0.68	PBCRY	Bank Central Asia	Pair Corr
0.6	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	POOL	AIT	DCI	FLS	WMS	AOS	GNRC	WTS	ARMK	SWK
POOL		0.65	0.64	0.7	0.53	0.6	0.78	0.66	0.7	0.54	POOL
AIT	0.65		0.84	0.85	0.81	0.86	0.56	0.85	0.75	0.9	AIT
DCI	0.64	0.84		0.95	0.82	0.94	0.69	0.94	0.74	0.89	DCI
FLS	0.7	0.85	0.95		0.79	0.93	0.77	0.93	0.72	0.88	FLS
WMS	0.53	0.81	0.82	0.79		0.82	0.53	0.77	0.62	0.8	WMS
AOS	0.6	0.86	0.94	0.93	0.82		0.67	0.94	0.7	0.88	AOS
GNRC	0.78	0.56	0.69	0.77	0.53	0.67		0.62	0.52	0.5	GNRC
WTS	0.66	0.85	0.94	0.93	0.77	0.94	0.62		0.77	0.88	WTS
ARMK	0.7	0.75	0.74	0.72	0.62	0.7	0.52	0.77		0.75	ARMK
SWK	0.54	0.9	0.89	0.88	0.8	0.88	0.5	0.88	0.75		SWK
	POOL	AIT	DCI	FLS	WMS	AOS	GNRC	WTS	ARMK	SWK

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Risk-Adjusted Indicators

There is a big difference between Core Stock performing well and Core Main 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 Core Main'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
POOL	1.29	(0.05)	(0.02)	0.04	1.26	(1.52)	3.12	(1.92)	6.97
AIT	1.19	0.13	0.08	0.19	1.58	(1.25)	2.73	(2.10)	9.70
DCI	1.23	0.32	0.29	0.42	0.74	(1.48)	2.43	(1.74)	9.29
FLS	1.25	0.15	0.14	0.18	1.19	(1.45)	2.46	(2.28)	5.39
WMS	1.49	0.31	0.22	0.42	1.00	(1.74)	3.31	(2.33)	11.59
AOS	1.12	0.21	0.17	0.30	0.88	(1.26)	2.66	(2.04)	7.53
GNRC	2.34	0.02	0.04	0.09	3.08	(2.31)	4.89	(4.80)	10.93
WTS	1.15	0.15	0.11	0.20	1.36	(1.33)	2.85	(1.61)	9.37
ARMK	0.89	(0.01)	(0.02)	0.07	1.23	(1.03)	1.87	(1.74)	6.45
SWK	1.63	0.34	0.24	0.26	1.31	(1.94)	4.60	(2.60)	10.50

Core Main Corporate Management

Ian Rorick	Director	Profile
Dennis Gipson	Independent Director	Profile
Laura Schneider	Chief Human Resource Officer	Profile
Mark Whittenburg	General Counsel, Company Secretary	Profile
James Castellano	Independent Director	Profile
Nathan Sleeper	Director	Profile
Robyn Bradbury	Analysis Planning	Profile

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