Core Main Stock Volatility
| CNM Stock | USD 50.67 1.63 3.32% |
Sharpe Ratio = -0.0946
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Core Main posted a Market Risk Adjusted Performance of -0.1%, a Risk of 2.00, and a Risk Adjusted Performance of -0.1% for the reported period. Monthly performance data suggests the stock is falling short of its full potential.
Key indicators related to Core Main's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for Core Main (3 Months):
Beta 1.19 | Alpha -0.16 | Risk 2 | Sharpe Ratio -0.09 | Expected Return -0.19 |
Moving together with Core Main Stock
| 0.71 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.82 | VLKAF | Volkswagen AG | PairCorr |
| 0.84 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.63 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.69 | PG | Procter Gamble | PairCorr |
Moving Against Core Main Stock
| 0.61 | CVX | Chevron Corp | PairCorr |
| 0.42 | XOM | Exxon Mobil Corp | PairCorr |
| 0.36 | JD | JD Inc Adr | PairCorr |
| 0.34 | AMZN | Amazon Inc | PairCorr |
| 0.33 | HPQ | HP Inc | PairCorr |
Sensitivity To Market
Core Main beta coefficient measures the volatility of Core Main stock relative to the systematic risk of the broad market benchmark. A beta of 1.19 indicates the degree of sensitivity to market-wide movements. Current total volatility is approximately 2.0%. Core Main has shown noticeable price swings over the selected period. Downside deviation is about 0.0% and standard deviation is about 2.03%, which summarize how widely returns have moved. Stock volatility blends company-specific effects with broader market movement. Sector rotation and analyst revisions shift expectations and increase short-term dispersion.
3 Months Beta |Core Main Demand TrendCurrent 90-day Core Main correlation with market (Dow Jones Industrial)Downside Risk
Standard deviation measures how far Core Main returns deviate from the historical mean and remains a primary indicator of total price volatility. A large standard deviation signals wide price swings; a small one signals relative stability. Tracking Core Main standard deviation across time horizons shows whether volatility is expanding or contracting.
Standard Deviation | 2.0 |
It is essential to understand the difference between upside risk and downside risk for Core Main. Total volatility includes favorable moves, while downside deviation isolates the loss risk in Core Main's daily returns. Both total and downside risk metrics contribute to a thorough analysis of Core Main. Core Main posted a Maximum Drawdown of 8.13 for the reported period.
Stock Volatility Analysis
Volatility refers to the frequency at which Core Main stock price increases or decreases within a specified period. It is generally measured from either the standard deviation or variance between returns from that same stock. A stock with high volatility produces outsized gains or losses compared to a low-volatility alternative.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of Core Main's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.
Projected Return Density Against Market
Over a 90-day investment horizon, Core Main has a beta of 1.1936 suggesting when the benchmark rises, CNM tends to outperform it on average. However, when benchmark returns turn negative, Core Main tends to underperform.Both systematic and unsystematic risks influence Core Main. Market-wide movements drive the former, while company or sector-specific developments drive the latter. Beta estimates market responsiveness. Core Main posted a Mean Deviation of 1.58 and a Standard Deviation of 2.03 for the reported period.
Predicted Return Distribution |
| Density |
What Drives Core Main's Price Volatility?
Industry Dynamics
Regulatory updates, demand shifts, and competitive changes in the Trading Companies & Distributors sector can move Core Main's volatility even when broad indices are stable.Political and Economic Environment
Rates, inflation expectations, and policy headlines can shift discount rates and risk appetite for Core Main.Core Main's Company-Specific Factors
Earnings surprises, guidance changes, management decisions, and litigation risk are common catalysts for sharp re-pricing in Core Main's shares.Stock Risk Measures
Over a 90-day investment horizon, the coefficient of variation of Core Main is -1056.54. The daily returns are distributed with a variance of 3.98 and standard deviation of 2.0. The mean deviation of Core Main is currently at 1.55. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.96
α | Alpha over Dow Jones | -0.156 | |
β | Beta against Dow Jones | 1.19 | |
σ | Overall volatility | 2.00 | |
Ir | Information ratio | -0.076 |
Stock Return Volatility
Core Main historical daily return volatility represents how much of Core Main stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm reported 1.9961% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial reported 0.9279% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
Strong recent returns in Core Main Stock do not always mean Core Main Company is outperforming peers on business quality. Reviewing Core Main's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POOL | 1.87 | -0.47 | 0.00 | -0.48 | 0.00 | 3.35 | 17.83 | |||
| AIT | 1.32 | 0.15 | 0.08 | 0.14 | 1.65 | 3.01 | 6.21 | |||
| DCI | 1.29 | -0.31 | 0.00 | -0.32 | 0.00 | 2.39 | 13.57 | |||
| FLS | 2.33 | -0.08 | 0.00 | -0.04 | 0.00 | 6.29 | 20.80 | |||
| WMS | 1.94 | -0.21 | 0.00 | -0.09 | 0.00 | 4.30 | 10.72 | |||
| AOS | 1.31 | -0.39 | 0.00 | -0.37 | 0.00 | 2.43 | 9.33 | |||
| GNRC | 2.55 | 0.75 | 0.29 | 0.51 | 2.15 | 6.19 | 24.69 | |||
| WTS | 1.21 | -0.09 | 0.00 | -0.10 | 0.00 | 2.29 | 9.66 | |||
| ARMK | 1.32 | 0.27 | 0.14 | 0.28 | 1.55 | 3.12 | 12.74 | |||
| SWK | 2.20 | -0.06 | 0.00 | -0.02 | 0.00 | 4.61 | 12.65 |
Risk Metrics, Assumptions & Methodology
Standard deviation for Core Main measures how widely returns scatter around their average over a given period. Return scatter increases when new information or regime shifts widen the distribution of outcomes. Core Main has a market cap of 9.59 billion, P/E of 65.2, ROE of 24.01%.
Core Main figures are aggregated from periodic company reporting and market reference feeds and normalized across reporting formats. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board
Volatility Profile Summary
Recent data suggests that Core Main is more volatile than Dow Jones Industrial by approximately 2.15x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 17% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.Core Main with characteristics aligned to broad market upside participation. This price-change note interprets the latest move in the context of short-horizon trading behavior. It works best as a directional cue rather than as a standalone forecast. an unexpected upward trend with elevated sensitivity to market signals. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View Core Main probability analysis.
Poor diversification
For the present investment horizon, the measured correlation between Core Main and Dow Jones stands at 0.61, or Poor diversification. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
Additional Risk Indicators
A broader risk-indicator set for Core Main extends the analysis beyond standard volatility and risk measures. The practical goal is to identify how much risk is being accepted and whether that risk still fits the thesis.
| Risk Adjusted Performance | -0.06 | |||
| Market Risk Adjusted Performance | -0.11 | |||
| Mean Deviation | 1.58 | |||
| Coefficient Of Variation | -1,510 | |||
| Standard Deviation | 2.03 | |||
| Variance | 4.11 | |||
| Information Ratio | -0.08 |
Core Main Suggested Diversification Pairs
Pair analysis provides a framework for evaluating relative performance between Core Main and comparable securities. The advantage is that adverse movement in one leg may be partly offset by the other when correlation and thesis alignment hold.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Core Main as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Core Main's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Core Main's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Core Main.