Cyngn Correlations

CYN Stock

USD 6.39 0.38 6.32%

The current 90-days correlation between Cyngn Inc and Paltalk is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cyngn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cyngn Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cyngn 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 manufacturing.

Moving together with Cyngn Stock

0.78	DJCO	Daily Journal Corp	Pair Corr
0.77	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.69	BL	Blackline	Pair Corr
0.7	DV	DoubleVerify Holdings	Pair Corr
0.76	EB	Eventbrite Class A	Pair Corr
0.83	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.92	ML	MoneyLion	Pair Corr
0.67	PD	Pagerduty	Pair Corr
0.89	WK	Workiva	Pair Corr
0.77	ZM	Zoom Video Communications	Pair Corr
0.76	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.79	DOMO	Domo Inc	Pair Corr
0.83	VERX	Vertex	Pair Corr
0.8	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.62	DTRK	DATATRAK International	Pair Corr
0.64	DUOL	Duolingo	Pair Corr
0.79	VMEO	Vimeo Inc	Pair Corr
0.84	EGHT	8x8 Common Stock	Pair Corr
0.71	ENFN	Enfusion	Pair Corr
0.7	WDAY	Workday Downward Rally	Pair Corr

Moving against Cyngn Stock

0.55	VTEX	VTEX	Pair Corr
0.52	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.49	ELCO	Elcom International	Pair Corr
0.34	WALD	Waldencast Acquisition	Pair Corr
0.31	ILLRW	Triller Group Symbol Change	Pair Corr
0.73	XELAP	Exela Technologies	Pair Corr
0.64	BMR	Beamr Imaging	Pair Corr

Related Correlations Analysis

	PALT	ANY	SOPA	MRIN	EZFL	PBTS	INPX	KSPN	AUUD	FRGT
PALT		-0.58	0.2	0.7	0.43	0.78	0.75	0.44	0.68	0.7	PALT
ANY	-0.58		0.04	-0.62	-0.52	-0.79	-0.55	-0.74	-0.57	-0.57	ANY
SOPA	0.2	0.04		0.04	-0.35	0.14	-0.08	0.11	0.13	-0.02	SOPA
MRIN	0.7	-0.62	0.04		0.54	0.65	0.84	0.36	0.85	0.84	MRIN
EZFL	0.43	-0.52	-0.35	0.54		0.52	0.59	0.35	0.52	0.51	EZFL
PBTS	0.78	-0.79	0.14	0.65	0.52		0.72	0.67	0.72	0.69	PBTS
INPX	0.75	-0.55	-0.08	0.84	0.59	0.72		0.23	0.9	0.96	INPX
KSPN	0.44	-0.74	0.11	0.36	0.35	0.67	0.23		0.31	0.22	KSPN
AUUD	0.68	-0.57	0.13	0.85	0.52	0.72	0.9	0.31		0.92	AUUD
FRGT	0.7	-0.57	-0.02	0.84	0.51	0.69	0.96	0.22	0.92		FRGT
	PALT	ANY	SOPA	MRIN	EZFL	PBTS	INPX	KSPN	AUUD	FRGT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FRGT	+ 0.96	INPX
FRGT	+ 0.92	AUUD
AUUD	+ 0.9	INPX
AUUD	+ 0.85	MRIN
INPX	+ 0.84	MRIN
FRGT	+ 0.84	MRIN

High negative correlations

PBTS	- 0.79	ANY
KSPN	- 0.74	ANY
MRIN	- 0.62	ANY
ANY	- 0.58	PALT
FRGT	- 0.57	ANY
AUUD	- 0.57	ANY

Risk-Adjusted Indicators

There is a big difference between Cyngn Stock performing well and Cyngn 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 Cyngn'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
PALT	4.66	(1.11)	0.00	(1.10)	0.00	0.00	8.82	(8.11)	55.20
ANY	4.91	0.37	0.10	0.25	4.76	(6.70)	11.63	(8.05)	41.60
SOPA	4.21	(0.25)	0.00	(0.10)	0.00	0.00	8.75	(8.70)	36.18
MRIN	2.08	(0.30)	0.00	(0.10)	0.00	0.00	6.51	(4.62)	13.36
EZFL	3.60	(0.20)	0.00	1.71	0.00	0.00	7.82	(6.82)	21.25
PBTS	71.04	30.71	1.68	2.60	15.82	(128.99)	25.00	(21.84)	2,409
INPX	4.54	(1.43)	0.00	1.50	0.00	0.00	5.71	(12.00)	49.23
KSPN	8.14	(0.55)	0.00	(0.35)	0.00	0.00	21.05	(13.33)	58.71
AUUD	4.05	(0.67)	0.00	1.12	0.00	0.00	8.77	(8.20)	49.98
FRGT	5.63	(1.98)	0.00	(0.57)	0.00	0.00	12.73	(11.76)	41.50

Cyngn Corporate Management

William Ong	Head Strategy	Profile
Marcus Brown	VP HR	Profile
Ben Mimmack	Head Relations	Profile
Chris Wright	Head Sales	Profile
Lior Tal	Chairman CEO	Profile
Donald Alvarez	CFO Director	Profile
Ben Landen	Vice Development	Profile

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

2024 Macroaxis LLC