Creative Global Correlations

Stocks . USA . 
Stock . Creative Global Technology
CGTL Stock   1.16  0.01  0.87%   
The current 90-days correlation between Creative Global Tech and Aehr Test Systems is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Creative Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Creative Global Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Creative Global Correlation With Market

Average diversification

The correlation between Creative Global Technology and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Creative Global Technology and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Creative Global 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 estimate.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Creative Stock performing well and Creative Global 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 Creative Global'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.

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