Cricut Correlations

CRCT Stock

USD 5.48 0.02 0.37%

The current 90-days correlation between Cricut Inc and Rigetti Computing is 0.19 (i.e., Average diversification). The correlation of Cricut 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.

Cricut Correlation With Market

Significant diversification

The correlation between Cricut Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cricut Inc 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 Cricut Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Cricut Stock

0.76	NOK	Nokia Corp ADR	Pair Corr
0.68	IMTE	Integrated Media Tec	Pair Corr
0.67	JNPR	Juniper Networks	Pair Corr

Moving against Cricut Stock

0.7	MSI	Motorola Solutions Earnings Call This Week	Pair Corr
0.5	SSYS	Stratasys	Pair Corr
0.46	LITE	Lumentum Holdings Earnings Call This Week	Pair Corr
0.41	BKTI	BK Technologies	Pair Corr
0.34	ZBRA	Zebra Technologies	Pair Corr
0.31	HPE	Hewlett Packard Ente	Pair Corr
0.31	RDCM	Radcom	Pair Corr
0.62	ZD	Ziff Davis	Pair Corr
0.55	KLTR	Kaltura	Pair Corr
0.51	VNT	Vontier Corp	Pair Corr
0.48	FARO	FARO Technologies	Pair Corr
0.45	ITRI	Itron Inc	Pair Corr
0.43	ICHR	Ichor Holdings Earnings Call This Week	Pair Corr
0.42	ANY	Sphere 3D Corp	Pair Corr
0.41	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	RGTI	IONQ-WT	ARQQW	QBTS-WT
RGTI		0.33	0.19	0.58	RGTI
IONQ-WT	0.33		0.05	0.83	IONQ-WT
ARQQW	0.19	0.05		0.05	ARQQW
QBTS-WT	0.58	0.83	0.05		QBTS-WT
	RGTI	IONQ-WT	ARQQW	QBTS-WT

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Risk-Adjusted Indicators

There is a big difference between Cricut Stock performing well and Cricut 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 Cricut'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
RGTI	14.52	5.80	0.37	(4.06)	12.18	(17.97)	42.22	(20.00)	103.45
IONQ-WT	12.38	2.30	0.14	(7.84)	14.83	(15.34)	36.25	(22.38)	86.97
ARQQW	38.93	19.72	0.00	(1.74)	0.00	0.00	0.00	0.00	536.44
QBTS-WT	17.20	4.26	0.19	(1.49)	17.84	(22.08)	55.86	(35.23)	107.32

Cricut Corporate Management

Frank Iarusci	Executive Marketing	Profile
Vivekanand Jayaraman	Executive Development	Profile
James CPA	Treasurer Finance	Profile
Kimball Shill	Chief Officer	Profile
Kim Kanarowski	Executive Marketing	Profile
Courtney Hill	Senior Resources	Profile

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