Optical Cable Correlations

OCC Stock

USD 4.93 0.03 0.61%

The current 90-days correlation between Optical Cable and Amplitech Group is -0.05 (i.e., Good diversification). The correlation of Optical Cable 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.

Optical Cable Correlation With Market

Excellent diversification

The correlation between Optical Cable and DJI is -0.59 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Optical Cable and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Optical Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optical Cable. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving against Optical Stock

0.73	BA	Boeing Sell-off Trend	Pair Corr
0.7	MRK	Merck Company Earnings Call This Week	Pair Corr
0.62	GE	GE Aerospace	Pair Corr
0.59	DD	Dupont De Nemours Earnings Call Next Week	Pair Corr
0.53	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.47	CAT	Caterpillar	Pair Corr
0.45	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Related Correlations Analysis

	AMPG	CMBM	FKWL	REFR	WYY	MSAI	WBX	YIBO	ZENV	MOB
AMPG		-0.21	-0.3	-0.23	0.41	-0.26	0.07	-0.06	-0.43	0.71	AMPG
CMBM	-0.21		0.65	0.44	0.07	0.7	0.46	0.51	0.62	-0.23	CMBM
FKWL	-0.3	0.65		0.75	0.22	0.89	0.81	0.72	0.87	-0.18	FKWL
REFR	-0.23	0.44	0.75		0.2	0.68	0.71	0.53	0.8	-0.26	REFR
WYY	0.41	0.07	0.22	0.2		0.19	0.47	0.39	0.02	0.48	WYY
MSAI	-0.26	0.7	0.89	0.68	0.19		0.82	0.7	0.77	-0.2	MSAI
WBX	0.07	0.46	0.81	0.71	0.47	0.82		0.67	0.66	0.13	WBX
YIBO	-0.06	0.51	0.72	0.53	0.39	0.7	0.67		0.64	0.03	YIBO
ZENV	-0.43	0.62	0.87	0.8	0.02	0.77	0.66	0.64		-0.33	ZENV
MOB	0.71	-0.23	-0.18	-0.26	0.48	-0.2	0.13	0.03	-0.33		MOB
	AMPG	CMBM	FKWL	REFR	WYY	MSAI	WBX	YIBO	ZENV	MOB

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

MSAI	+ 0.89	FKWL
ZENV	+ 0.87	FKWL
WBX	+ 0.82	MSAI
WBX	+ 0.81	FKWL
ZENV	+ 0.8	REFR
ZENV	+ 0.77	MSAI

High negative correlations

ZENV	- 0.43	AMPG
MOB	- 0.33	ZENV
FKWL	- 0.3	AMPG
MOB	- 0.26	REFR
MSAI	- 0.26	AMPG
MOB	- 0.23	CMBM

Risk-Adjusted Indicators

There is a big difference between Optical Stock performing well and Optical Cable 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 Optical Cable'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
AMPG	4.27	(0.05)	(0.01)	(0.01)	5.19	(4.55)	11.28	(8.88)	31.09
CMBM	15.21	5.34	0.54	(1.95)	7.42	(22.17)	27.12	(13.22)	407.58
FKWL	1.63	(0.29)	0.00	0.91	0.00	0.00	3.56	(3.75)	9.54
REFR	3.07	(0.98)	0.00	(0.69)	0.00	0.00	4.94	(8.43)	21.50
WYY	2.93	(0.15)	0.00	(0.05)	0.00	0.00	6.36	(6.84)	16.87
MSAI	8.17	(0.94)	0.00	(0.29)	0.00	0.00	18.82	(17.16)	63.02
WBX	2.75	(0.76)	0.00	(0.38)	0.00	0.00	6.60	(6.84)	18.65
YIBO	3.67	(0.27)	0.00	1.88	0.00	0.00	7.48	(9.09)	54.49
ZENV	2.48	(0.58)	0.00	(1.09)	0.00	0.00	4.69	(7.09)	15.64
MOB	6.53	(0.18)	0.00	(0.01)	0.00	0.00	11.31	(12.42)	34.44

Optical Cable Corporate Executives

Elected by the shareholders, the Optical Cable's board of directors comprises two types of representatives: Optical Cable inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Optical. The board's role is to monitor Optical Cable's management team and ensure that shareholders' interests are well served. Optical Cable's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Optical Cable's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Tracy CPA	CFO VP	Profile
	Tracy Smith	CFO, Sr. VP and Corporate Secretary	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

2026 Macroaxis LLC