Concrete Leveling Correlations

CLEV Stock

USD 1.14 0.05 4.59%

The current 90-days correlation between Concrete Leveling Systems and Caterpillar is 0.1 (i.e., Average diversification). The correlation of Concrete Leveling 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Concrete Leveling Correlation With Market

Significant diversification

The correlation between Concrete Leveling Systems 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 Concrete Leveling Systems and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Concrete Leveling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Concrete Leveling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Concrete Leveling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Concrete Leveling Systems to buy it.

Moving against Concrete Pink Sheet

0.57	DE	Deere Company	Pair Corr
0.55	EPOKY	Epiroc AB	Pair Corr
0.44	DIS	Walt Disney	Pair Corr
0.43	MSFT	Microsoft	Pair Corr
0.41	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.36	VLVLY	Volvo AB ADR	Pair Corr
0.36	VOLAF	AB Volvo	Pair Corr
0.36	DD	Dupont De Nemours	Pair Corr
0.35	MMM	3M Company	Pair Corr
0.34	DTGHF	Daimler Truck Holding	Pair Corr
0.33	AXP	American Express	Pair Corr
0.33	BAC	Bank of America	Pair Corr
0.32	CAT	Caterpillar	Pair Corr
0.32	DTRUY	Daimler Truck Holding	Pair Corr
0.31	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	CAT	DE	PCAR	VLVLY	VOLVF	VOLAF	DTRUY	DTGHF	EPOKY	KMTUF
CAT		0.76	0.81	0.59	0.49	0.52	0.97	0.98	0.71	0.93	CAT
DE	0.76		0.74	0.64	0.6	0.67	0.81	0.76	0.89	0.61	DE
PCAR	0.81	0.74		0.82	0.72	0.31	0.85	0.82	0.6	0.7	PCAR
VLVLY	0.59	0.64	0.82		0.75	0.16	0.65	0.61	0.5	0.49	VLVLY
VOLVF	0.49	0.6	0.72	0.75		0.18	0.56	0.51	0.51	0.36	VOLVF
VOLAF	0.52	0.67	0.31	0.16	0.18		0.58	0.53	0.75	0.44	VOLAF
DTRUY	0.97	0.81	0.85	0.65	0.56	0.58		0.98	0.73	0.89	DTRUY
DTGHF	0.98	0.76	0.82	0.61	0.51	0.53	0.98		0.69	0.91	DTGHF
EPOKY	0.71	0.89	0.6	0.5	0.51	0.75	0.73	0.69		0.59	EPOKY
KMTUF	0.93	0.61	0.7	0.49	0.36	0.44	0.89	0.91	0.59		KMTUF
	CAT	DE	PCAR	VLVLY	VOLVF	VOLAF	DTRUY	DTGHF	EPOKY	KMTUF

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Risk-Adjusted Indicators

There is a big difference between Concrete Pink Sheet performing well and Concrete Leveling 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 Concrete Leveling'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
CAT	1.13	0.36	0.36	0.45	0.56	(1.45)	2.92	(1.57)	7.20
DE	1.04	0.00	(0.02)	0.13	1.04	(1.15)	2.97	(1.92)	6.00
PCAR	1.12	(0.06)	(0.05)	0.08	1.14	(1.27)	3.20	(2.03)	7.85
VLVLY	1.28	0.00	(0.04)	0.12	1.25	(1.45)	3.20	(1.89)	7.21
VOLVF	1.50	0.02	(0.05)	(0.06)	1.89	(2.37)	4.84	(3.99)	13.08
VOLAF	0.52	0.23	0.00	(0.30)	0.00	0.00	0.00	0.00	17.65
DTRUY	1.34	0.26	0.18	0.43	1.07	(1.59)	4.08	(2.19)	7.47
DTGHF	1.35	0.38	0.14	0.95	0.93	(2.56)	4.01	(2.56)	8.81
EPOKY	1.49	0.13	0.02	0.53	1.94	(1.62)	3.98	(3.13)	15.64
KMTUF	1.55	0.17	0.05	0.33	2.04	(2.05)	3.90	(3.79)	15.28

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Our tools can tell you how much better you can do entering a position in Concrete Leveling without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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