Chicago Rivet Correlations

CVR Stock

USD 13.59 0.39 2.95%

The current 90-days correlation between Chicago Rivet Machine and Polar Power is 0.01 (i.e., Significant diversification). The correlation of Chicago Rivet 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.

Chicago Rivet Correlation With Market

Very poor diversification

The correlation between Chicago Rivet Machine and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chicago Rivet Machine and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Chicago Stock

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

Moving together with Chicago Stock

0.64	IR	Ingersoll Rand	Pair Corr
0.78	PH	Parker Hannifin	Pair Corr
0.88	PL	Planet Labs PBC	Pair Corr
0.77	HZ8	Insteel Industries	Pair Corr
0.75	FELE	Franklin Electric	Pair Corr
0.67	DCI	Donaldson	Pair Corr
0.7	FTV	Fortive Corp Sell-off Trend	Pair Corr
0.64	GGG	Graco Inc	Pair Corr
0.8	GHM	Graham	Pair Corr
0.65	FSTR	LB Foster	Pair Corr
0.71	GRC	Gorman Rupp	Pair Corr
0.71	IEX	IDEX	Pair Corr
0.78	KAI	Kadant Inc	Pair Corr
0.78	SNA	Snap On	Pair Corr

Moving against Chicago Stock

0.82	CXT	Crane NXT Earnings Call This Week	Pair Corr
0.66	WATR	Current Water Techno	Pair Corr
0.82	XPON	Expion360	Pair Corr

Related Correlations Analysis

	ZOOZ	POLA	KITT	SOAR	CETY	MWG	CLWT	MNTS	GLXG	EHGO
ZOOZ		0.68	0.53	0.52	0.64	0.12	-0.18	0.65	0.57	0.59	ZOOZ
POLA	0.68		0.68	0.82	0.71	0.14	-0.41	0.83	0.9	0.92	POLA
KITT	0.53	0.68		0.43	0.32	-0.11	-0.05	0.64	0.64	0.63	KITT
SOAR	0.52	0.82	0.43		0.73	0.28	-0.65	0.78	0.85	0.85	SOAR
CETY	0.64	0.71	0.32	0.73		0.12	-0.64	0.64	0.69	0.75	CETY
MWG	0.12	0.14	-0.11	0.28	0.12		-0.12	0.07	0.03	0.03	MWG
CLWT	-0.18	-0.41	-0.05	-0.65	-0.64	-0.12		-0.51	-0.6	-0.56	CLWT
MNTS	0.65	0.83	0.64	0.78	0.64	0.07	-0.51		0.82	0.85	MNTS
GLXG	0.57	0.9	0.64	0.85	0.69	0.03	-0.6	0.82		0.9	GLXG
EHGO	0.59	0.92	0.63	0.85	0.75	0.03	-0.56	0.85	0.9		EHGO
	ZOOZ	POLA	KITT	SOAR	CETY	MWG	CLWT	MNTS	GLXG	EHGO

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

EHGO	+ 0.92	POLA
GLXG	+ 0.9	POLA
EHGO	+ 0.9	GLXG
GLXG	+ 0.85	SOAR
EHGO	+ 0.85	SOAR
EHGO	+ 0.85	MNTS

High negative correlations

CLWT	- 0.65	SOAR
CLWT	- 0.64	CETY
GLXG	- 0.6	CLWT
EHGO	- 0.56	CLWT
MNTS	- 0.51	CLWT
CLWT	- 0.41	POLA

Risk-Adjusted Indicators

There is a big difference between Chicago Stock performing well and Chicago Rivet 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 Chicago Rivet'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
ZOOZ	4.57	(1.82)	0.00	(1.03)	0.00	0.00	6.12	(10.17)	46.81
POLA	5.32	(1.15)	0.00	(1.79)	0.00	0.00	12.44	(12.34)	53.41
KITT	9.41	(0.08)	0.04	0.07	9.46	(12.91)	15.58	(14.95)	141.67
SOAR	6.27	(1.54)	0.00	(1.04)	0.00	0.00	8.93	(15.23)	48.58
CETY	7.60	(1.50)	0.00	(0.19)	0.00	0.00	9.78	(17.14)	140.58
MWG	4.04	(0.19)	0.00	(0.02)	0.00	0.00	8.57	(8.70)	60.59
CLWT	2.11	0.05	(0.03)	0.00	2.71	(2.26)	3.88	(4.24)	14.34
MNTS	9.32	(1.20)	0.00	(0.16)	0.00	0.00	17.86	(17.01)	70.67
GLXG	5.77	(0.82)	0.00	1.34	0.00	0.00	12.50	(14.81)	53.25
EHGO	3.69	(0.86)	0.00	(0.60)	0.00	0.00	9.09	(8.33)	34.40

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