Cps Technologies Correlations

CPSH Stock

USD 1.53 0.02 1.32%

The current 90-days correlation between Cps Technologies and Deswell Industries is 0.1 (i.e., Average diversification). The correlation of Cps Technologies 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.

Cps Technologies Correlation With Market

Good diversification

The correlation between Cps Technologies and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cps Technologies 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 Cps Technologies. 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.

For more detail on how to invest in Cps Stock please use our How to Invest in Cps Technologies guide.

Moving together with Cps Stock

0.68	GLW	Corning Incorporated	Pair Corr
0.65	JBL	Jabil Circuit	Pair Corr
0.67	ZBRA	Zebra Technologies	Pair Corr
0.69	MYNA	Mynaric AG ADR	Pair Corr

Moving against Cps Stock

0.46	CDW	CDW Corp	Pair Corr
0.41	EVLV	Evolv Technologies Trending	Pair Corr
0.31	UKOMW	Ucommune International	Pair Corr
0.59	SHMD	SCHMID Group NV	Pair Corr
0.53	NTIP	Network 1 Technologies	Pair Corr
0.36	TRSG	Tungray Technologies	Pair Corr
0.35	SMCI	Super Micro Computer Downward Rally	Pair Corr

Related Correlations Analysis

	DM	FN	KE	KN	UI	DSWL	AMPGW	VIAV	VISL	VRME
DM		0.36	-0.38	-0.41	-0.35	0.21	-0.07	-0.14	0.4	0.61	DM
FN	0.36		0.33	0.39	0.29	0.45	-0.26	0.55	0.19	0.11	FN
KE	-0.38	0.33		0.87	0.7	0.28	-0.3	0.75	-0.37	-0.58	KE
KN	-0.41	0.39	0.87		0.71	0.37	-0.22	0.74	-0.39	-0.63	KN
UI	-0.35	0.29	0.7	0.71		0.65	-0.56	0.9	-0.72	-0.84	UI
DSWL	0.21	0.45	0.28	0.37	0.65		-0.58	0.62	-0.42	-0.43	DSWL
AMPGW	-0.07	-0.26	-0.3	-0.22	-0.56	-0.58		-0.52	0.49	0.42	AMPGW
VIAV	-0.14	0.55	0.75	0.74	0.9	0.62	-0.52		-0.49	-0.61	VIAV
VISL	0.4	0.19	-0.37	-0.39	-0.72	-0.42	0.49	-0.49		0.83	VISL
VRME	0.61	0.11	-0.58	-0.63	-0.84	-0.43	0.42	-0.61	0.83		VRME
	DM	FN	KE	KN	UI	DSWL	AMPGW	VIAV	VISL	VRME

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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

VIAV	+ 0.9	UI
KN	+ 0.87	KE
VRME	+ 0.83	VISL
VIAV	+ 0.75	KE
VIAV	+ 0.74	KN
UI	+ 0.71	KN

High negative correlations

VRME	- 0.84	UI
VISL	- 0.72	UI
VRME	- 0.63	KN
VRME	- 0.61	VIAV
AMPGW	- 0.58	DSWL
VRME	- 0.58	KE

Risk-Adjusted Indicators

There is a big difference between Cps Stock performing well and Cps Technologies 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 Cps Technologies' 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
DM	1.67	0.01	(0.05)	0.00	2.45	(1.73)	2.86	(4.44)	23.02
FN	2.47	(0.29)	0.00	(0.01)	0.00	0.00	4.68	(6.81)	16.19
KE	1.61	(0.11)	(0.01)	0.06	1.81	(1.79)	3.85	(3.18)	11.84
KN	1.46	(0.14)	0.00	0.06	1.70	(1.68)	2.56	(3.10)	12.11
UI	1.75	0.91	0.46	2.14	1.09	(2.19)	3.63	(2.33)	23.21
DSWL	1.47	0.21	0.03	(5.59)	1.81	(1.72)	3.48	(3.79)	12.33
AMPGW	15.41	2.75	0.10	1.93	13.69	(53.71)	33.33	(33.88)	200.55
VIAV	1.37	0.25	0.05	(1.74)	1.66	(1.45)	3.02	(2.84)	9.95
VISL	3.04	(0.59)	0.00	(0.37)	0.00	0.00	5.34	(6.25)	43.95
VRME	3.81	(0.73)	0.00	(0.59)	0.00	0.00	7.09	(11.43)	23.66

Cps Technologies Corporate Management

Mark Occhionero	VP of Marketing and Technical Sales	Profile
Michael II	CEO Pres	Profile
Susan April	Secretary	Profile
Charles Griffith	Chief Officer	Profile
Daniel Barton	Vice Operations	Profile
Chris Witty	Investor Executive	Profile
Stephen Kachur	Vice Technology	Profile

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