ConnectM Technology Correlations

CNTM Stock

USD 0.43 0.02 4.88%

The current 90-days correlation between ConnectM Technology and Firefly Neuroscience is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConnectM Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConnectM Technology Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ConnectM Technology Correlation With Market

Significant diversification

The correlation between ConnectM Technology Solutions and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ConnectM Technology Solutions and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ConnectM Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConnectM Technology 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 ConnectM Technology - 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 ConnectM Technology Solutions to buy it.

Moving together with ConnectM Pink Sheet

0.7	BAC	Bank of America	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.81	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.67	JPM	JPMorgan Chase	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr

Moving against ConnectM Pink Sheet

0.78	GLABF	Gemina Laboratories	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.65	ZTLLF	Zonetail	Pair Corr
0.53	NSFDF	NXT Energy Solutions	Pair Corr
0.52	T	ATT Inc	Pair Corr
0.47	CVX	Chevron Corp	Pair Corr
0.41	HD	Home Depot	Pair Corr
0.38	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	AIFF	NXPL	ANY	SAGT	NTCL	MNDO	RMSG	BNAI	CXAI
AIFF		0.74	0.91	-0.2	0.82	-0.48	0.61	0.68	0.9	AIFF
NXPL	0.74		0.81	-0.25	0.69	-0.76	0.6	0.69	0.89	NXPL
ANY	0.91	0.81		-0.29	0.77	-0.67	0.73	0.78	0.96	ANY
SAGT	-0.2	-0.25	-0.29		-0.06	0.35	-0.1	-0.18	-0.32	SAGT
NTCL	0.82	0.69	0.77	-0.06		-0.4	0.69	0.76	0.77	NTCL
MNDO	-0.48	-0.76	-0.67	0.35	-0.4		-0.42	-0.58	-0.73	MNDO
RMSG	0.61	0.6	0.73	-0.1	0.69	-0.42		0.55	0.67	RMSG
BNAI	0.68	0.69	0.78	-0.18	0.76	-0.58	0.55		0.81	BNAI
CXAI	0.9	0.89	0.96	-0.32	0.77	-0.73	0.67	0.81		CXAI
	AIFF	NXPL	ANY	SAGT	NTCL	MNDO	RMSG	BNAI	CXAI

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

CXAI	+ 0.96	ANY
ANY	+ 0.91	AIFF
CXAI	+ 0.9	AIFF
CXAI	+ 0.89	NXPL
NTCL	+ 0.82	AIFF
ANY	+ 0.81	NXPL

High negative correlations

MNDO	- 0.76	NXPL
CXAI	- 0.73	MNDO
MNDO	- 0.67	ANY
BNAI	- 0.58	MNDO
MNDO	- 0.48	AIFF
RMSG	- 0.42	MNDO

Risk-Adjusted Indicators

There is a big difference between ConnectM Pink Sheet performing well and ConnectM Technology 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 ConnectM Technology'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
AIFF	3.89	(1.82)	0.00	(0.58)	0.00	0.00	5.45	(10.17)	23.28
NXPL	4.00	(0.65)	0.00	(0.22)	0.00	0.00	8.33	(10.23)	28.43
ANY	4.77	(1.31)	0.00	(0.52)	0.00	0.00	8.93	(9.26)	32.96
SAGT	3.61	0.04	0.01	0.07	4.23	(4.10)	5.58	(7.50)	29.68
NTCL	5.07	(2.02)	0.00	(1.76)	0.00	0.00	5.31	(16.05)	62.86
MNDO	1.53	0.04	0.00	1.38	1.64	(2.25)	5.77	(3.39)	14.13
RMSG	5.24	(0.66)	0.00	(2.56)	0.00	0.00	10.13	(10.26)	65.55
BNAI	10.95	0.91	0.09	1.47	9.13	(14.76)	28.27	(15.69)	124.31
CXAI	4.90	(1.15)	0.00	(0.37)	0.00	0.00	10.00	(11.32)	36.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in ConnectM Technology 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.

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ConnectM Technology Corporate Management

John Schinter	Chief Officer	Profile
Mahesh Choudhury	Vice Operations	Profile
Daniel Davis	Interim Officer	Profile
Kevin Stateham	Vice Development	Profile
Barbara Leavitt	Chief Officer	Profile
Girish Subramanya	Global Operations	Profile

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