Caesarstone Correlations

CSTE Stock

USD 2.23 0.19 9.31%

The current 90-days correlation between Caesarstone and Knightscope is 0.09 (i.e., Significant diversification). The correlation of Caesarstone 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.

Caesarstone Correlation With Market

Average diversification

The correlation between Caesarstone and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caesarstone and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Caesarstone Stock

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

For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.

Moving together with Caesarstone Stock

0.77	NX	Quanex Building Products	Pair Corr
0.71	GWA	GWA Group	Pair Corr
0.75	FBIN	Fortune Brands Innov	Pair Corr
0.75	AOS	Smith AO Earnings Call This Week	Pair Corr
0.68	CNR	Core Natural Resources	Pair Corr
0.89	CSW	CSW Industrials Earnings Call This Week	Pair Corr
0.71	GFF	Griffon	Pair Corr
0.66	LII	Lennox International	Pair Corr
0.68	WMS	Advanced Drainage Systems	Pair Corr
0.64	603221	Zhangjiagang Elegant Home	Pair Corr
0.62	603828	Suzhou Kelida Bldg	Pair Corr
0.65	IIIN	Insteel Industries	Pair Corr
0.71	NXR	Norcros Plc	Pair Corr
0.67	300093	Gansu Golden Glass	Pair Corr

Moving against Caesarstone Stock

0.76	TT	Trane Technologies plc Earnings Call This Week	Pair Corr
0.72	002791	Guangdong Kinlong	Pair Corr
0.73	600876	Luoyang Glass	Pair Corr
0.7	NCL	Northann Corp	Pair Corr
0.7	600202	Harbin Air Conditioning	Pair Corr
0.61	200055	China Fangda Group	Pair Corr
0.54	JCTC	Jewett Cameron Trading	Pair Corr
0.43	000619	Wuhu Conch Profiles	Pair Corr
0.36	WXM	WF International	Pair Corr
0.83	300125	Lingda Group	Pair Corr
0.76	MSAI	Infrared Cameras Holdings	Pair Corr

Related Correlations Analysis

	KSCP	GPUS	APWC	EDRY	SDST	NEOV	APT	UFG	BGSF	FLYY
KSCP		0.56	0.27	-0.4	0.7	0.65	0.16	0.14	-0.67	0.77	KSCP
GPUS	0.56		0.18	-0.69	0.79	0.27	0.53	0.51	-0.53	0.67	GPUS
APWC	0.27	0.18		-0.41	0.27	-0.01	-0.29	-0.35	-0.47	0.48	APWC
EDRY	-0.4	-0.69	-0.41		-0.62	-0.31	-0.2	-0.32	0.65	-0.66	EDRY
SDST	0.7	0.79	0.27	-0.62		0.42	0.48	0.46	-0.54	0.87	SDST
NEOV	0.65	0.27	-0.01	-0.31	0.42		0.21	0.26	-0.48	0.39	NEOV
APT	0.16	0.53	-0.29	-0.2	0.48	0.21		0.61	0.03	0.21	APT
UFG	0.14	0.51	-0.35	-0.32	0.46	0.26	0.61		0.06	0.2	UFG
BGSF	-0.67	-0.53	-0.47	0.65	-0.54	-0.48	0.03	0.06		-0.69	BGSF
FLYY	0.77	0.67	0.48	-0.66	0.87	0.39	0.21	0.2	-0.69		FLYY
	KSCP	GPUS	APWC	EDRY	SDST	NEOV	APT	UFG	BGSF	FLYY

Please upgrade your account to get full access to Macroaxis premium features

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

FLYY	+ 0.87	SDST
SDST	+ 0.79	GPUS
FLYY	+ 0.77	KSCP
SDST	+ 0.7	KSCP
FLYY	+ 0.67	GPUS
NEOV	+ 0.65	KSCP

High negative correlations

FLYY	- 0.69	BGSF
EDRY	- 0.69	GPUS
BGSF	- 0.67	KSCP
FLYY	- 0.66	EDRY
SDST	- 0.62	EDRY
BGSF	- 0.54	SDST

Risk-Adjusted Indicators

There is a big difference between Caesarstone Stock performing well and Caesarstone 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 Caesarstone'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
KSCP	4.27	(0.46)	0.00	(3.22)	0.00	0.00	9.43	(8.59)	30.69
GPUS	7.80	(0.17)	0.01	0.05	6.94	(14.51)	25.00	(11.76)	62.50
APWC	2.22	(0.15)	0.00	0.89	0.00	0.00	5.08	(4.23)	14.43
EDRY	1.73	0.15	0.03	(1.88)	1.81	(2.06)	3.63	(3.02)	11.04
SDST	4.58	(0.47)	0.00	(0.10)	0.00	0.00	7.42	(11.39)	26.43
NEOV	4.97	0.27	(0.01)	(0.02)	5.64	(5.71)	9.42	(9.51)	27.03
APT	1.27	(0.05)	(0.05)	0.00	1.87	(1.28)	3.03	(2.61)	8.80
UFG	6.33	0.51	0.12	0.22	6.24	(8.11)	10.11	(10.29)	96.60
BGSF	2.26	0.49	0.23	0.40	1.90	(2.72)	6.80	(4.03)	13.16
FLYY	9.21	(2.38)	0.00	(0.36)	0.00	0.00	14.29	(23.40)	90.07

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC