Cantaloupe Correlations
CTLP Stock | USD 11.11 0.02 0.18% |
The current 90-days correlation between Cantaloupe and Quipt Home Medical is -0.05 (i.e., Good diversification). The correlation of Cantaloupe 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.
Cantaloupe Correlation With Market
Weak diversification
The correlation between Cantaloupe and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cantaloupe and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Cantaloupe Stock
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0.85 | VYX | NCR Voyix | PairCorr |
0.77 | WIT | Wipro Limited ADR | PairCorr |
0.61 | CYCUW | Cycurion, Warrant Symbol Change | PairCorr |
0.66 | IBEX | IBEX | PairCorr |
0.74 | INFY | Infosys Ltd ADR | PairCorr |
0.88 | INOD | Innodata | PairCorr |
Moving against Cantaloupe Stock
0.7 | AUR | Aurora Innovation Aggressive Push | PairCorr |
0.65 | IT | Gartner | PairCorr |
0.62 | MFH | Mercurity Fintech Holding Upward Rally | PairCorr |
0.53 | FI | Fiserv, Earnings Call This Week | PairCorr |
0.38 | EXLS | ExlService Holdings | PairCorr |
0.36 | GIB | CGI Inc | PairCorr |
0.83 | GDYN | Grid Dynamics Holdings | PairCorr |
0.82 | JDZG | JIADE LIMITED Common Tech Boost | PairCorr |
0.82 | AUROW | Aurora Innovation | PairCorr |
0.78 | GLOB | Globant SA | PairCorr |
0.43 | SLNHP | Soluna Holdings Preferred | PairCorr |
0.38 | HCKT | Hackett Group | PairCorr |
0.37 | WYY | Widepoint C | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cantaloupe Stock performing well and Cantaloupe 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 Cantaloupe'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ARBB | 4.48 | (0.65) | 0.00 | (1.35) | 0.00 | 8.28 | 65.00 | |||
FORTY | 2.21 | 0.60 | 0.13 | 2.10 | 2.08 | 6.23 | 20.45 | |||
CSPI | 2.98 | (0.44) | 0.00 | (0.63) | 0.00 | 4.56 | 20.20 | |||
CLVT | 2.07 | 0.15 | 0.08 | 0.25 | 2.04 | 4.86 | 22.51 | |||
QIPT | 4.02 | 0.18 | 0.02 | 0.56 | 5.29 | 6.11 | 63.11 | |||
ALKT | 2.04 | 0.01 | 0.03 | 0.14 | 2.16 | 4.82 | 11.33 | |||
IIIV | 1.79 | 0.14 | 0.05 | 0.30 | 2.01 | 3.93 | 13.95 |
Cantaloupe Corporate Management
Davina Furnish | Gen Officer | Profile | |
Paul Hamman | Chief Officer | Profile | |
Jeffrey Dumbrell | Chief Officer | Profile | |
Ankit Varia | Chief Officer | Profile | |
Scott Stewart | Chief Officer | Profile | |
Anna Novoseletsky | General Officer | Profile | |
Elyssa Steiner | Chief Officer | Profile |