Caspian Services Correlations
| CSSV Stock | USD 0.0006 0.0001 20.00% |
The correlation of Caspian Services 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.
Caspian Services Correlation With Market
Good diversification
The correlation between Caspian Services and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caspian Services and DJI in the same portfolio, assuming nothing else is changed.
Caspian |
The ability to find closely correlated positions to Caspian Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caspian Services 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 Caspian Services - 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 Caspian Services to buy it.
Moving together with Caspian Pink Sheet
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| 0.88 | GWW | WW Grainger | PairCorr |
| 0.86 | ASTI | Ascent Solar Technol | PairCorr |
| 0.77 | CX | Cemex SAB de | PairCorr |
| 0.62 | DDS | Dillards, | PairCorr |
| 0.63 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.84 | ZPTA | Zapata Computing Holdings Tech Boost | PairCorr |
| 0.72 | BAC | Bank of America | PairCorr |
| 0.82 | CM | Canadian Imperial Bank | PairCorr |
| 0.62 | TSLA | Tesla Inc | PairCorr |
| 0.84 | NOEM | CO2 Energy Transition | PairCorr |
| 0.82 | GSVRF | Guanajuato Silver | PairCorr |
| 0.66 | APGE | Apogee Therapeutics, | PairCorr |
Moving against Caspian Pink Sheet
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Caspian Pink Sheet performing well and Caspian Services 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 Caspian Services' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDVIQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BMMCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LBYE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RYPE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XLEFF | 239.50 | 121.23 | 0.00 | 31.61 | 0.00 | 0.00 | 8,033 | |||
| NKRSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RRRI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QOIL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SUBB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AURI | 14.58 | 3.51 | 0.00 | 0.86 | 0.00 | 100.00 | 150.00 |
Be your own money manager
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Caspian Services Corporate Executives
Elected by the shareholders, the Caspian Services' board of directors comprises two types of representatives: Caspian Services inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Caspian. The board's role is to monitor Caspian Services' management team and ensure that shareholders' interests are well served. Caspian Services' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Caspian Services' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Indira Kaliyeva | CFO and VP | Profile |