| CDRE Stock | | | USD 32.25 0.39 1.19% |
The current 90-days correlation between Cadre Holdings and CiT Inc is 0.02 (i.e., Significant diversification). The correlation of Cadre Holdings 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.
Cadre Holdings Correlation With Market
Very weak diversification
The correlation between Cadre Holdings and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadre Holdings and DJI in the same portfolio, assuming nothing else is changed.
Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadre Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For information on how to trade Cadre Stock refer to our
How to Trade Cadre Stock guide.