CapsoVision Common Correlations

CV Stock

5.02 0.40 7.38%

The correlation of CapsoVision Common 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.

CapsoVision Common Correlation With Market

Modest diversification

The correlation between CapsoVision Common Stock and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CapsoVision Common Stock and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CapsoVision Stock

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

Moving together with CapsoVision Stock

0.68

AXP

American Express

Pair Corr

Moving against CapsoVision Stock

0.57	BKRKY	Bank Rakyat	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.52	BKRKF	PT Bank Rakyat	Pair Corr
0.46	HD	Home Depot	Pair Corr
0.38	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	ASIC	THG	HG	LEAI	CWID	FKWL	STRA
ASIC		0.56	0.37	-0.16	-0.4	-0.2	0.02	ASIC
THG	0.56		0.63	-0.26	-0.41	-0.08	-0.3	THG
HG	0.37	0.63		-0.73	0.19	-0.7	0.37	HG
LEAI	-0.16	-0.26	-0.73		-0.22	0.91	-0.48	LEAI
CWID	-0.4	-0.41	0.19	-0.22		-0.38	0.53	CWID
FKWL	-0.2	-0.08	-0.7	0.91	-0.38		-0.67	FKWL
STRA	0.02	-0.3	0.37	-0.48	0.53	-0.67		STRA
	ASIC	THG	HG	LEAI	CWID	FKWL	STRA

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

FKWL	+ 0.91	LEAI
HG	+ 0.63	THG
THG	+ 0.56	ASIC
STRA	+ 0.53	CWID
HG	+ 0.37	ASIC
STRA	+ 0.37	HG

High negative correlations

LEAI	- 0.73	HG
FKWL	- 0.7	HG
STRA	- 0.67	FKWL
STRA	- 0.48	LEAI
CWID	- 0.41	THG
CWID	- 0.4	ASIC

Risk-Adjusted Indicators

There is a big difference between CapsoVision Stock performing well and CapsoVision Common 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 CapsoVision Common'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
ASIC	1.70	(0.14)	0.00	(0.28)	0.00	0.00	3.10	(3.44)	8.64
THG	0.87	0.00	(0.02)	0.06	1.33	(0.82)	1.58	(2.03)	6.34
HG	1.23	0.18	0.10	0.56	1.18	(1.38)	2.26	(2.26)	12.81
LEAI	0.99	(0.51)	0.00	9.20	0.00	0.00	0.00	0.00	33.33
CWID	0.22	0.09	0.00	0.40	0.00	0.00	0.00	0.00	7.50
FKWL	1.63	(0.29)	0.00	0.91	0.00	0.00	3.56	(3.75)	9.54
STRA	1.32	0.00	0.00	0.04	2.21	(1.23)	2.32	(4.08)	12.29

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