ConnectM Technology Correlations

CNTM Stock

USD 0.98 0.10 11.36%

The current 90-days correlation between ConnectM Technology and Siriuspoint is 0.13 (i.e., Average 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

Modest diversification

The correlation between ConnectM Technology Solutions, and DJI is 0.23 (i.e., Modest 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.

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

Moving together with ConnectM Stock

0.61	CDW	CDW Corp	Pair Corr
0.61	CMTL	Comtech Telecommunicatio Earnings Call This Week	Pair Corr

Moving against ConnectM Stock

0.75	KSCP	Knightscope	Pair Corr
0.6	KN	Knowles Cor	Pair Corr
0.54	EBON	Ebang International	Pair Corr
0.52	ADTN	ADTRAN Inc	Pair Corr
0.42	BAERW	Bridger Aerospace	Pair Corr
0.41	SILC	Silicom	Pair Corr
0.34	HPQ	HP Inc	Pair Corr
0.34	NTGR	NETGEAR	Pair Corr
0.62	DGII	Digi International	Pair Corr
0.58	ANY	Sphere 3D Corp	Pair Corr
0.5	BAER	Bridger Aerospace	Pair Corr
0.45	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.44	EPAM	EPAM Systems	Pair Corr
0.43	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.41	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.41	DXC	DXC Technology	Pair Corr

Related Correlations Analysis

	SPNT	PINS	GETY	BCE	NTGR	PYTCF	PLTK	AFSIP
SPNT		-0.52	-0.74	-0.4	0.15	0.11	0.49	0.35	SPNT
PINS	-0.52		0.7	0.24	-0.1	-0.08	-0.24	-0.26	PINS
GETY	-0.74	0.7		0.47	-0.28	-0.06	-0.44	-0.46	GETY
BCE	-0.4	0.24	0.47		-0.81	-0.75	-0.85	-0.78	BCE
NTGR	0.15	-0.1	-0.28	-0.81		0.64	0.83	0.71	NTGR
PYTCF	0.11	-0.08	-0.06	-0.75	0.64		0.6	0.59	PYTCF
PLTK	0.49	-0.24	-0.44	-0.85	0.83	0.6		0.76	PLTK
AFSIP	0.35	-0.26	-0.46	-0.78	0.71	0.59	0.76		AFSIP
	SPNT	PINS	GETY	BCE	NTGR	PYTCF	PLTK	AFSIP

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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

PLTK	+ 0.83	NTGR
AFSIP	+ 0.76	PLTK
AFSIP	+ 0.71	NTGR
GETY	+ 0.7	PINS
PYTCF	+ 0.64	NTGR
PLTK	+ 0.6	PYTCF

High negative correlations

PLTK	- 0.85	BCE
NTGR	- 0.81	BCE
AFSIP	- 0.78	BCE
PYTCF	- 0.75	BCE
GETY	- 0.74	SPNT
PINS	- 0.52	SPNT

Risk-Adjusted Indicators

There is a big difference between ConnectM Stock 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
SPNT	1.30	(0.13)	(0.03)	0.04	1.67	(1.46)	2.19	(2.74)	13.03
PINS	1.64	(0.15)	0.00	(0.04)	0.00	0.00	2.79	(3.30)	17.91
GETY	2.16	(0.43)	0.00	(0.28)	0.00	0.00	3.77	(4.72)	26.04
BCE	0.88	(0.38)	0.00	(3.44)	0.00	0.00	1.53	(1.83)	12.47
NTGR	2.28	0.56	0.29	0.58	1.54	(2.97)	5.28	(3.74)	34.60
PYTCF	0.66	0.22	0.00	0.72	0.00	0.00	0.00	0.00	21.48
PLTK	1.18	0.05	0.02	0.17	1.24	(1.33)	2.33	(2.19)	7.19
AFSIP	0.93	0.13	0.01	1.52	1.18	(1.05)	2.71	(2.28)	7.09

ConnectM Technology Corporate Management

Mahesh Choudhury	Vice Operations	Profile
Daniel Davis	Interim Officer	Profile
Kevin Stateham	Vice Development	Profile
Girish Subramanya	Global Operations	Profile

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