Cps Technologies Correlations

CPSH Stock

USD 2.52 0.12 4.55%

The correlation of Cps Technologies 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.

Cps Technologies Correlation With Market

Good diversification

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

Build AI portfolio with Cps Stock

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

For more detail on how to invest in Cps Stock please use our How to Invest in Cps Technologies guide.

Moving together with Cps Stock

0.62	CDW	CDW Corp	Pair Corr
0.77	LPL	LG Display Earnings Call This Week	Pair Corr
0.71	VSH	Vishay Intertechnology	Pair Corr
0.9	LASR	nLIGHT Inc	Pair Corr
0.82	LITE	Lumentum Holdings	Pair Corr
0.66	NTGR	NETGEAR	Pair Corr
0.73	RGTIW	Rigetti Computing Trending	Pair Corr
0.9	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.81	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.66	RDWR	Radware	Pair Corr
0.69	RGTI	Rigetti Computing Trending	Pair Corr
0.64	AAOI	Applied Opt	Pair Corr
0.84	AVNW	Aviat Networks	Pair Corr
0.73	CIEN	Ciena Corp	Pair Corr
0.64	CRNT	Ceragon Networks	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.84	MU	Micron Technology	Pair Corr
0.82	MX	MagnaChip Semiconductor	Pair Corr
0.72	ON	ON Semiconductor	Pair Corr
0.81	VRRM	Verra Mobility Corp	Pair Corr
0.77	ADI	Analog Devices	Pair Corr
0.73	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.79	ARM	Arm Holdings plc	Pair Corr
0.68	FRGE	Forge Global Holdings	Pair Corr

Moving against Cps Stock

0.74	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.37	KODK	Eastman Kodak	Pair Corr
0.79	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	MMAT	KOPN	EMAN	TMPO	BELFB	BHE	BELFA	PLXS	MEI	LPTH
MMAT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MMAT
KOPN	0.0		0.0	0.0	0.78	0.66	0.73	0.8	0.52	0.87	KOPN
EMAN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	EMAN
TMPO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TMPO
BELFB	0.0	0.78	0.0	0.0		0.85	0.99	0.8	0.62	0.82	BELFB
BHE	0.0	0.66	0.0	0.0	0.85		0.84	0.82	0.58	0.71	BHE
BELFA	0.0	0.73	0.0	0.0	0.99	0.84		0.75	0.59	0.77	BELFA
PLXS	0.0	0.8	0.0	0.0	0.8	0.82	0.75		0.75	0.82	PLXS
MEI	0.0	0.52	0.0	0.0	0.62	0.58	0.59	0.75		0.62	MEI
LPTH	0.0	0.87	0.0	0.0	0.82	0.71	0.77	0.82	0.62		LPTH
	MMAT	KOPN	EMAN	TMPO	BELFB	BHE	BELFA	PLXS	MEI	LPTH

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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

BELFA	+ 0.99	BELFB
LPTH	+ 0.87	KOPN
BHE	+ 0.85	BELFB
BELFA	+ 0.84	BHE
LPTH	+ 0.82	BELFB
PLXS	+ 0.82	BHE

High negative correlations

LPTH	- 0.0	TMPO
MEI	- 0.0	TMPO
PLXS	- 0.0	TMPO
BELFA	- 0.0	TMPO
BHE	- 0.0	TMPO
BELFB	- 0.0	TMPO

Risk-Adjusted Indicators

There is a big difference between Cps Stock performing well and Cps Technologies 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 Cps Technologies' 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
MMAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KOPN	3.69	1.24	0.42	0.82	2.44	(4.89)	12.89	(5.16)	22.89
EMAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TMPO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BELFB	1.85	0.43	0.21	0.52	1.69	(2.13)	4.04	(3.30)	10.99
BHE	1.44	0.03	0.02	0.16	2.94	(1.55)	3.22	(1.98)	18.09
BELFA	2.20	0.30	0.15	0.32	1.96	(2.46)	4.98	(3.59)	13.68
PLXS	1.11	0.04	0.02	0.18	1.09	(1.27)	2.47	(2.10)	6.55
MEI	2.63	0.16	0.04	0.23	5.16	(2.57)	5.59	(3.57)	33.90
LPTH	3.56	1.00	0.23	7.09	3.17	(4.55)	9.13	(5.28)	23.40

Cps Technologies Corporate Management

Mark Occhionero	VP of Marketing and Technical Sales	Profile
Michael II	CEO Pres	Profile
Susan April	Secretary	Profile
Charles Griffith	Chief Officer	Profile
Daniel Barton	Vice Operations	Profile
Chris Witty	Investor Executive	Profile
Stephen Kachur	Vice Technology	Profile

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