CTS Correlations

Stocks . USA . 
Stock . CTS Corporation
CTS Stock  USD 44.62  0.11  0.25%   
The current 90-days correlation between CTS Corporation and Steven Madden is 0.73 (i.e., Poor diversification). The correlation of CTS 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.

CTS Correlation With Market

Poor diversification

The correlation between CTS Corp. and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CTS Corp. and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CTS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with CTS Stock

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Moving against CTS Stock

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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   
EL
+ 0.84
CODA
ARW
+ 0.84
EL
ARW
+ 0.82
WEYS
ARW
+ 0.8
CODA
WEYS
+ 0.74
EL
WEYS
+ 0.68
SHOO
  
High negative correlations   
ARW
- 0.68
CHD
WEYS
- 0.54
CHD
CODA
- 0.5
CHD
EL
- 0.29
CHD
SHOO
- 0.09
CHD

Risk-Adjusted Indicators

There is a big difference between CTS Stock performing well and CTS 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 CTS'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.

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