Cricut Correlations

CRCT Stock

USD 6.73 0.06 0.90%

The current 90-days correlation between Cricut Inc and Quantum Computing is -0.19 (i.e., Good diversification). The correlation of Cricut 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.

Cricut Correlation With Market

Very weak diversification

The correlation between Cricut Inc and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cricut Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cricut Stock

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

Moving together with Cricut Stock

0.79	SNT	Senstar Technologies	Pair Corr
0.65	KSCP	Knightscope	Pair Corr
0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.7	U	Unity Software	Pair Corr
0.81	FSLY	Fastly Inc	Pair Corr
0.82	NOW	ServiceNow	Pair Corr
0.86	TTD	Trade Desk	Pair Corr
0.84	MANH	Manhattan Associates	Pair Corr
0.65	PCOR	Procore Technologies	Pair Corr
0.79	ALKT	Alkami Technology Tech Boost	Pair Corr
0.83	ALRM	Alarm Holdings	Pair Corr
0.85	ANSS	ANSYS Inc	Pair Corr
0.75	SHOP	Shopify Class A	Pair Corr
0.91	DDOG	Datadog	Pair Corr
0.69	PIFMY	Indofood Sukses Makmur	Pair Corr

Moving against Cricut Stock

0.63	DCBO	Docebo Inc	Pair Corr
0.62	IVDA	Iveda Solutions	Pair Corr
0.52	IVDAW	Iveda Solutions Warrant	Pair Corr
0.43	JAMF	Jamf Holding	Pair Corr
0.31	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	QBTS	RGTI	SMCI	QUBT	IONQ	ANET	DM	QMCO	SSYS	NNDM
QBTS		0.89	0.8	0.8	0.93	0.76	0.16	-0.19	0.7	-0.17	QBTS
RGTI	0.89		0.75	0.65	0.94	0.79	0.01	-0.22	0.67	-0.1	RGTI
SMCI	0.8	0.75		0.73	0.71	0.77	0.23	-0.02	0.75	0.08	SMCI
QUBT	0.8	0.65	0.73		0.75	0.61	0.58	-0.29	0.6	-0.27	QUBT
IONQ	0.93	0.94	0.71	0.75		0.75	0.17	-0.38	0.6	-0.28	IONQ
ANET	0.76	0.79	0.77	0.61	0.75		0.15	-0.14	0.8	0.11	ANET
DM	0.16	0.01	0.23	0.58	0.17	0.15		-0.31	0.15	-0.26	DM
QMCO	-0.19	-0.22	-0.02	-0.29	-0.38	-0.14	-0.31		0.13	0.83	QMCO
SSYS	0.7	0.67	0.75	0.6	0.6	0.8	0.15	0.13		0.26	SSYS
NNDM	-0.17	-0.1	0.08	-0.27	-0.28	0.11	-0.26	0.83	0.26		NNDM
	QBTS	RGTI	SMCI	QUBT	IONQ	ANET	DM	QMCO	SSYS	NNDM

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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

IONQ	+ 0.94	RGTI
IONQ	+ 0.93	QBTS
RGTI	+ 0.89	QBTS
NNDM	+ 0.83	QMCO
SMCI	+ 0.8	QBTS
QUBT	+ 0.8	QBTS

High negative correlations

QMCO	- 0.38	IONQ
QMCO	- 0.31	DM
QMCO	- 0.29	QUBT
NNDM	- 0.28	IONQ
NNDM	- 0.27	QUBT
NNDM	- 0.26	DM

Risk-Adjusted Indicators

There is a big difference between Cricut Stock performing well and Cricut 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 Cricut'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
QBTS	5.80	1.11	0.24	0.67	3.95	(7.80)	15.76	(7.29)	58.81
RGTI	5.24	0.52	0.10	0.29	5.03	(6.16)	16.30	(7.98)	36.18
SMCI	4.21	0.21	0.05	0.17	4.76	(4.77)	10.66	(8.25)	27.27
QUBT	6.85	1.54	0.24	(5.78)	5.43	(9.58)	19.21	(8.49)	48.14
IONQ	4.85	1.13	0.28	0.51	3.63	(6.42)	12.93	(7.19)	45.69
ANET	2.78	0.20	0.05	0.17	4.04	(2.56)	6.61	(6.07)	16.36
DM	6.31	1.64	0.30	2.13	4.53	(8.39)	14.96	(9.35)	100.72
QMCO	5.44	(1.06)	0.00	2.16	0.00	0.00	11.90	(10.59)	38.09
SSYS	1.86	0.08	0.01	(0.41)	2.19	(2.06)	3.78	(3.96)	19.27
NNDM	2.11	(0.57)	0.00	4.74	0.00	0.00	3.87	(5.30)	16.83

Cricut Corporate Management

Frank Iarusci	Executive Marketing	Profile
Vivekanand Jayaraman	Executive Development	Profile
James CPA	Treasurer Finance	Profile
David Henry	Executive Care	Profile
Vivek Jayaraman	Executive Development	Profile
Kimball Shill	Chief Officer	Profile

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