CDT Environmental Correlations

CDTG Stock

0.40 0.02 4.76%

The current 90-days correlation between CDT Environmental and China Natural Resources is 0.13 (i.e., Average diversification). The correlation of CDT Environmental 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.

CDT Environmental Correlation With Market

Significant diversification

The correlation between CDT Environmental Technology and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDT Environmental Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CDT Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CDT Environmental Technology. 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 CDT Stock

0.63	0E1Y	Chargeurs	Pair Corr
0.7	0I0J	Clorox	Pair Corr
0.63	NRL	Nupur Recyclers	Pair Corr
0.7	0L9E	Stanley Black Decker	Pair Corr

Moving against CDT Stock

0.72	0RJI	Anheuser Busch Inbev	Pair Corr
0.54	0FQ8	Pharol SGPS SA	Pair Corr
0.53	0K87	NiSource	Pair Corr
0.52	003027	Tongxing Environmental	Pair Corr
0.51	0J4G	Helmerich Payne	Pair Corr
0.51	0HAH	Fortum Oyj	Pair Corr
0.49	0G9R	PowerCell Sweden	Pair Corr
0.43	0JVV	Lumentum Holdings	Pair Corr
0.42	0EWD	Interpump Group SpA	Pair Corr
0.41	0HRZ	Cabot Oil Gas	Pair Corr
0.39	0QWA	Logista	Pair Corr
0.36	0GWB	Lundbergforetagen AB Earnings Call This Week	Pair Corr
0.34	0NV5	UPM Kymmene Oyj	Pair Corr
0.55	0LEF	Teradyne	Pair Corr
0.48	0KII	SSAB AB ser	Pair Corr
0.34	0HTF	Norwegian Energy	Pair Corr
0.32	0E6Y	11 AG	Pair Corr

Related Correlations Analysis

	CHNR	OP	SKK	GLXG	DEVS	IVDA	AEHL	FGL	FBGL	INTJ
CHNR		-0.04	0.02	0.05	0.25	0.19	0.38	-0.43	0.03	-0.37	CHNR
OP	-0.04		0.05	-0.13	-0.18	0.14	-0.15	0.09	-0.53	-0.07	OP
SKK	0.02	0.05		0.66	0.82	0.8	0.76	0.66	0.36	0.3	SKK
GLXG	0.05	-0.13	0.66		0.75	0.66	0.59	0.63	0.37	0.51	GLXG
DEVS	0.25	-0.18	0.82	0.75		0.79	0.88	0.56	0.45	0.22	DEVS
IVDA	0.19	0.14	0.8	0.66	0.79		0.8	0.57	0.33	0.18	IVDA
AEHL	0.38	-0.15	0.76	0.59	0.88	0.8		0.46	0.34	0.17	AEHL
FGL	-0.43	0.09	0.66	0.63	0.56	0.57	0.46		0.03	0.6	FGL
FBGL	0.03	-0.53	0.36	0.37	0.45	0.33	0.34	0.03		-0.11	FBGL
INTJ	-0.37	-0.07	0.3	0.51	0.22	0.18	0.17	0.6	-0.11		INTJ
	CHNR	OP	SKK	GLXG	DEVS	IVDA	AEHL	FGL	FBGL	INTJ

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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

AEHL	+ 0.88	DEVS
DEVS	+ 0.82	SKK
IVDA	+ 0.8	SKK
AEHL	+ 0.8	IVDA
IVDA	+ 0.79	DEVS
AEHL	+ 0.76	SKK

High negative correlations

FBGL	- 0.53	OP
FGL	- 0.43	CHNR
INTJ	- 0.37	CHNR
DEVS	- 0.18	OP
AEHL	- 0.15	OP
GLXG	- 0.13	OP

Risk-Adjusted Indicators

There is a big difference between CDT Stock performing well and CDT Environmental 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 CDT Environmental'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
CHNR	4.75	0.04	0.01	0.06	5.54	(5.72)	11.61	(9.96)	55.92
OP	6.10	(0.56)	0.00	(0.18)	0.00	0.00	10.24	(19.70)	52.42
SKK	3.22	(0.44)	0.00	(0.20)	0.00	0.00	7.32	(7.14)	29.17
GLXG	5.28	(0.64)	0.00	(0.28)	0.00	0.00	12.55	(12.98)	44.48
DEVS	4.81	(0.52)	0.00	1.38	0.00	0.00	11.27	(10.89)	35.94
IVDA	5.31	(0.61)	0.00	(0.09)	0.00	0.00	11.67	(10.60)	67.69
AEHL	6.56	(1.20)	0.00	(1.37)	0.00	0.00	15.97	(13.67)	39.94
FGL	6.81	(1.23)	0.00	(0.78)	0.00	0.00	17.14	(15.56)	47.87
FBGL	4.33	0.46	0.07	0.55	5.11	(5.12)	14.55	(9.37)	36.43
INTJ	4.31	(0.11)	0.00	(0.01)	0.00	0.00	10.42	(8.33)	39.79

CDT Environmental Corporate Executives

Elected by the shareholders, the CDT Environmental's board of directors comprises two types of representatives: CDT Environmental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CDT. The board's role is to monitor CDT Environmental's management team and ensure that shareholders' interests are well served. CDT Environmental'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, CDT Environmental's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zijiang Liu

CTO VP

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