Corpay Correlations
| CPAY Stock | 387.47 6.25 1.64% |
The current 90-days correlation between Corpay Inc and Summit Materials is 0.05 (i.e., Significant diversification). The correlation of Corpay 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.
Corpay Correlation With Market
Very weak diversification
The correlation between Corpay Inc and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corpay Inc and DJI in the same portfolio, assuming nothing else is changed.
Corpay |
Moving together with Corpay Stock
Moving against Corpay Stock
Related Correlations Analysis
| 0.05 | 0.3 | 0.49 | 0.79 | 0.72 | 0.0 | HTZWW | ||
| 0.05 | -0.32 | -0.25 | -0.2 | -0.25 | 0.0 | SUM | ||
| 0.3 | -0.32 | 0.46 | 0.39 | 0.39 | 0.0 | EGO | ||
| 0.49 | -0.25 | 0.46 | 0.46 | 0.38 | 0.0 | CAR | ||
| 0.79 | -0.2 | 0.39 | 0.46 | 0.84 | 0.0 | CTOS | ||
| 0.72 | -0.25 | 0.39 | 0.38 | 0.84 | 0.0 | AL | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GTCDF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Corpay Stock performing well and Corpay 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 Corpay'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTZWW | 3.25 | 0.29 | 0.07 | 0.45 | 3.65 | 7.34 | 20.60 | |||
| SUM | 0.63 | 0.17 | 0.12 | 0.90 | 0.35 | 2.04 | 9.88 | |||
| EGO | 1.78 | (0.13) | 0.00 | (9.91) | 0.00 | 4.42 | 10.45 | |||
| CAR | 2.12 | (0.06) | 0.00 | 0.06 | 2.34 | 4.40 | 15.33 | |||
| CTOS | 2.43 | 0.71 | 0.25 | 0.68 | 1.97 | 8.95 | 20.86 | |||
| AL | 1.23 | 0.04 | 0.00 | 0.15 | 1.45 | 2.71 | 9.62 | |||
| GTCDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Corpay Corporate Management
| Thomas CPA | Chief Officer | Profile | |
| Daniel Fishbein | General Counsel | Profile | |
| Scott Dufour | Chief Officer | Profile | |
| Alan King | Group Australasia | Profile | |
| John Coughlin | Senior Advisor | Profile | |
| Steve Greene | Executive Strategy | Profile |