Custom Truck Correlations

CTOS Stock

USD 5.58 0.20 3.46%

The current 90-days correlation between Custom Truck One and Alta Equipment Group is 0.4 (i.e., Very weak diversification). The correlation of Custom Truck 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.

Custom Truck Correlation With Market

Good diversification

The correlation between Custom Truck One and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Custom Truck One and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Custom Stock

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

Moving together with Custom Stock

0.87	R	Ryder System Earnings Call This Week	Pair Corr
0.81	AL	Air Lease	Pair Corr
0.78	AER	AerCap Holdings NV	Pair Corr
0.92	CAR	Avis Budget Group	Pair Corr
0.68	HRI	Herc Holdings Earnings Call This Week	Pair Corr
0.73	PRG	PROG Holdings Earnings Call This Week	Pair Corr
0.71	GATX	GATX	Pair Corr
0.92	URI	United Rentals Earnings Call This Week	Pair Corr
0.8	WSC	Willscot Mobile Mini	Pair Corr
0.75	FTAIM	FTAI Aviation Earnings Call This Week	Pair Corr
0.81	FTAIN	Fortress Transportation Earnings Call This Week	Pair Corr
0.81	MGRC	McGrath RentCorp Earnings Call This Week	Pair Corr
0.81	TRTN-PC	Triton International	Pair Corr
0.83	TRTN-PD	Triton International	Pair Corr
0.76	TRTN-PE	Triton International	Pair Corr
0.81	TRTN-PA	Triton International	Pair Corr
0.75	TRTN-PB	Triton International	Pair Corr
0.88	ALTG	Alta Equipment Group	Pair Corr
0.85	ALTG-PA	Alta Equipment Group	Pair Corr
0.94	J	Jacobs Solutions	Pair Corr
0.68	AP	Ampco Pittsburgh	Pair Corr
0.87	AZ	A2Z Smart Technologies	Pair Corr
0.9	BA	Boeing	Pair Corr
0.86	BE	Bloom Energy Corp	Pair Corr
0.65	BV	BrightView Holdings	Pair Corr
0.8	BW	Babcock Wilcox Enter	Pair Corr
0.66	CP	Canadian Pacific Railway	Pair Corr

Moving against Custom Stock

0.62	VSTS	Vestis	Pair Corr
0.5	MWG	Multi Ways Holdings	Pair Corr
0.69	ZCAR	Zoomcar Holdings	Pair Corr
0.56	ZCARW	Zoomcar Holdings	Pair Corr
0.42	G	Genpact Limited	Pair Corr
0.49	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	ALTG	MGRC	GATX	MPU	FTAIM	EPAC	JBI	ADV	GCMG
ALTG		0.79	0.83	0.79	0.67	-0.39	0.75	0.65	-0.67	ALTG
MGRC	0.79		0.73	0.51	0.83	0.08	0.94	0.39	-0.41	MGRC
GATX	0.83	0.73		0.54	0.72	-0.27	0.63	0.57	-0.61	GATX
MPU	0.79	0.51	0.54		0.33	-0.68	0.5	0.46	-0.51	MPU
FTAIM	0.67	0.83	0.72	0.33		0.17	0.82	0.42	-0.46	FTAIM
EPAC	-0.39	0.08	-0.27	-0.68	0.17		0.18	-0.37	0.44	EPAC
JBI	0.75	0.94	0.63	0.5	0.82	0.18		0.36	-0.35	JBI
ADV	0.65	0.39	0.57	0.46	0.42	-0.37	0.36		-0.61	ADV
GCMG	-0.67	-0.41	-0.61	-0.51	-0.46	0.44	-0.35	-0.61		GCMG
	ALTG	MGRC	GATX	MPU	FTAIM	EPAC	JBI	ADV	GCMG

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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

JBI	+ 0.94	MGRC
GATX	+ 0.83	ALTG
FTAIM	+ 0.83	MGRC
JBI	+ 0.82	FTAIM
MGRC	+ 0.79	ALTG
MPU	+ 0.79	ALTG

High negative correlations

EPAC	- 0.68	MPU
GCMG	- 0.67	ALTG
GCMG	- 0.61	ADV
GCMG	- 0.61	GATX
GCMG	- 0.51	MPU
GCMG	- 0.46	FTAIM

Risk-Adjusted Indicators

There is a big difference between Custom Stock performing well and Custom Truck 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 Custom Truck'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
ALTG	3.38	0.96	0.27	251.56	2.52	(4.04)	8.33	(4.66)	23.70
MGRC	1.27	(0.01)	(0.01)	0.12	1.34	(1.35)	2.35	(2.51)	6.36
GATX	1.06	0.11	(0.03)	(0.46)	1.31	(1.07)	2.02	(1.79)	11.39
MPU	6.40	1.80	0.27	2.16	5.43	(8.18)	14.61	(10.12)	74.09
FTAIM	0.64	0.07	(0.04)	0.44	0.66	(0.87)	1.89	(1.59)	4.97
EPAC	1.32	(0.21)	0.00	(0.05)	0.00	0.00	3.08	(2.80)	10.80
JBI	2.06	0.33	0.16	0.36	2.00	(2.38)	4.60	(3.67)	15.09
ADV	4.45	0.32	0.06	0.38	5.22	(5.23)	12.24	(7.41)	28.72
GCMG	0.88	(0.20)	0.00	(0.16)	0.00	0.00	1.80	(1.94)	5.36

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