Cintas Correlations

CTAS Stock

USD 221.94 0.02 0.01%

The current 90-days correlation between Cintas and ABM Industries Incorporated is 0.32 (i.e., Weak diversification). The correlation of Cintas 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.

Cintas Correlation With Market

Poor diversification

The correlation between Cintas and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cintas and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cintas Stock

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

For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.

Moving together with Cintas Stock

0.67	DRVN	Driven Brands Holdings	Pair Corr
0.69	KAR	KAR Auction Services	Pair Corr
0.83	AL	Air Lease	Pair Corr
0.87	AP	Ampco Pittsburgh	Pair Corr
0.68	BA	Boeing	Pair Corr
0.83	BV	BrightView Holdings	Pair Corr
0.72	BW	Babcock Wilcox Enter	Pair Corr
0.77	BZ	Kanzhun Ltd ADR	Pair Corr
0.8	CP	Canadian Pacific Railway	Pair Corr
0.69	CR	Crane Company	Pair Corr
0.75	CW	Curtiss Wright	Pair Corr
0.84	DE	Deere Company	Pair Corr
0.74	DY	Dycom Industries	Pair Corr
0.83	FA	First Advantage Corp	Pair Corr
0.71	FC	Franklin Covey	Pair Corr
0.79	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.65	IR	Ingersoll Rand	Pair Corr
0.74	KE	Kimball Electronics	Pair Corr
0.83	LZ	LegalZoom	Pair Corr
0.68	PH	Parker Hannifin	Pair Corr

Moving against Cintas Stock

0.73	VIRC	Virco Manufacturing	Pair Corr
0.48	DSS	DSS Inc	Pair Corr
0.83	MG	Mistras Group	Pair Corr
0.47	NL	NL Industries	Pair Corr
0.35	PC	Premium Catering	Pair Corr
0.34	HI	Hillenbrand	Pair Corr

Related Correlations Analysis

	ABM	CPRT	DLB	RELX	KMX	LAD	AN	GPN	MMS	AZZ
ABM		0.41	0.55	0.59	-0.11	-0.11	-0.11	0.11	0.58	0.16	ABM
CPRT	0.41		0.16	-0.04	0.04	-0.7	-0.72	-0.08	-0.01	-0.6	CPRT
DLB	0.55	0.16		0.41	0.3	0.31	0.33	0.45	0.63	0.42	DLB
RELX	0.59	-0.04	0.41		-0.19	0.22	0.24	-0.09	0.39	0.32	RELX
KMX	-0.11	0.04	0.3	-0.19		0.45	0.35	0.5	0.17	0.01	KMX
LAD	-0.11	-0.7	0.31	0.22	0.45		0.95	0.39	0.46	0.66	LAD
AN	-0.11	-0.72	0.33	0.24	0.35	0.95		0.41	0.41	0.81	AN
GPN	0.11	-0.08	0.45	-0.09	0.5	0.39	0.41		0.38	0.49	GPN
MMS	0.58	-0.01	0.63	0.39	0.17	0.46	0.41	0.38		0.42	MMS
AZZ	0.16	-0.6	0.42	0.32	0.01	0.66	0.81	0.49	0.42		AZZ
	ABM	CPRT	DLB	RELX	KMX	LAD	AN	GPN	MMS	AZZ

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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

AN	+ 0.95	LAD
AZZ	+ 0.81	AN
AZZ	+ 0.66	LAD
MMS	+ 0.63	DLB
RELX	+ 0.59	ABM
MMS	+ 0.58	ABM

High negative correlations

AN	- 0.72	CPRT
LAD	- 0.7	CPRT
AZZ	- 0.6	CPRT
KMX	- 0.19	RELX
AN	- 0.11	ABM
LAD	- 0.11	ABM

Risk-Adjusted Indicators

There is a big difference between Cintas Stock performing well and Cintas 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 Cintas' 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
ABM	1.27	(0.08)	(0.04)	0.05	2.04	(1.36)	2.96	(2.94)	13.13
CPRT	1.09	(0.50)	0.00	(0.45)	0.00	0.00	1.51	(2.61)	14.38
DLB	0.94	(0.08)	(0.10)	0.03	1.02	(1.08)	2.09	(1.63)	4.79
RELX	0.90	0.08	(0.03)	0.94	1.09	(0.97)	1.92	(1.52)	6.53
KMX	1.57	(0.28)	0.00	(0.07)	0.00	0.00	4.36	(3.50)	10.48
LAD	1.51	(0.05)	(0.01)	0.09	2.39	(1.42)	4.08	(4.17)	12.40
AN	1.23	0.15	0.09	0.29	1.25	(1.42)	2.69	(1.93)	9.19
GPN	1.73	(0.27)	0.00	(0.01)	0.00	0.00	3.28	(2.98)	17.85
MMS	1.25	(0.06)	(0.05)	0.07	1.33	(1.45)	2.18	(1.93)	16.21
AZZ	1.40	0.32	0.24	0.38	1.04	(1.64)	3.49	(2.13)	6.93

Cintas Corporate Executives

Elected by the shareholders, the Cintas' board of directors comprises two types of representatives: Cintas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cintas. The board's role is to monitor Cintas' management team and ensure that shareholders' interests are well served. Cintas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cintas' outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Hansen	CFO and VP of Fin.	Profile
Scott Garula	Executive CFO	Profile
James Rozakis	Executive COO	Profile

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