Click Holdings Correlations

CLIK Stock

0.41 0.02 4.65%

The current 90-days correlation between Click Holdings and Atmus Filtration Technologies is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Click Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Click Holdings Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Click Holdings Correlation With Market

Modest diversification

The correlation between Click Holdings Limited and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Click Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Click Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Click Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Click Stock

0.54	BR	Broadridge Financial	Pair Corr
0.54	DLHC	DLH Holdings Corp	Pair Corr
0.53	BV	BrightView Holdings	Pair Corr
0.53	VLTO	Veralto	Pair Corr
0.52	EEFT	Euronet Worldwide Earnings Call This Week	Pair Corr
0.51	DRVN	Driven Brands Holdings	Pair Corr
0.46	VRSK	Verisk Analytics	Pair Corr
0.43	VSEC	VSE Corporation	Pair Corr
0.39	FA	First Advantage Corp	Pair Corr
0.39	EXLS	ExlService Holdings	Pair Corr
0.34	FC	Franklin Covey	Pair Corr
0.32	WM	Waste Management	Pair Corr
0.32	ESGL	ESGL Holdings Limited	Pair Corr
0.87	CIX	CompX International	Pair Corr
0.77	DNB	Dun Bradstreet Holdings	Pair Corr
0.73	EFX	Equifax Earnings Call This Week	Pair Corr
0.71	CLH	Clean Harbors	Pair Corr
0.55	AXR	AMREP	Pair Corr
0.52	FORR	Forrester Research Downward Rally	Pair Corr
0.44	BRC	Brady	Pair Corr
0.44	FOUR	Shift4 Payments	Pair Corr
0.4	CXW	CoreCivic	Pair Corr
0.36	ABM	ABM Industries	Pair Corr
0.36	ADP	Automatic Data Processing	Pair Corr
0.35	DSS	DSS Inc	Pair Corr
0.34	BTM	Bitcoin Depot	Pair Corr
0.33	DLX	Deluxe	Pair Corr
0.32	WLDN	Willdan Group	Pair Corr
0.31	BCO	Brinks Company	Pair Corr
0.31	FCN	FTI Consulting	Pair Corr

Related Correlations Analysis

	ATMU	WPP	VC	ADNT	COE	MCHX
ATMU		0.31	0.77	0.69	0.46	0.5	ATMU
WPP	0.31		-0.11	-0.13	-0.17	-0.13	WPP
VC	0.77	-0.11		0.97	0.81	0.82	VC
ADNT	0.69	-0.13	0.97		0.89	0.91	ADNT
COE	0.46	-0.17	0.81	0.89		0.94	COE
MCHX	0.5	-0.13	0.82	0.91	0.94		MCHX
	ATMU	WPP	VC	ADNT	COE	MCHX

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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

ADNT	+ 0.97	VC
MCHX	+ 0.94	COE
MCHX	+ 0.91	ADNT
COE	+ 0.89	ADNT
MCHX	+ 0.82	VC
COE	+ 0.81	VC

High negative correlations

COE	- 0.17	WPP
MCHX	- 0.13	WPP
ADNT	- 0.13	WPP
VC	- 0.11	WPP

Risk-Adjusted Indicators

There is a big difference between Click Stock performing well and Click Holdings 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 Click Holdings' 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
ATMU	1.53	(0.08)	0.01	0.18	1.68	(1.78)	2.92	(3.00)	17.77
WPP	1.79	(0.40)	0.00	(0.15)	0.00	0.00	2.88	(3.45)	26.44
VC	1.87	0.41	0.18	0.56	2.08	(2.20)	4.61	(2.81)	18.79
ADNT	2.76	0.75	0.32	0.67	2.16	(3.47)	6.98	(2.95)	25.92
COE	3.32	0.77	0.11	(10.40)	3.80	(3.83)	8.91	(7.55)	24.60
MCHX	2.94	0.53	0.13	1.26	2.50	(4.10)	8.39	(5.29)	19.61

Click Holdings Corporate Management

Hau Ip	Chief Officer	Profile
Iu Siu	Chief Officer	Profile
Ming Choi	Secretary Team	Profile
Chi Chow	Chief Officer	Profile

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