Cavitation Techs Correlations

CVAT Stock

USD 0.07 0.01 16.67%

The current 90-days correlation between Cavitation Techs and Legend Power Systems is -0.23 (i.e., Very good diversification). The correlation of Cavitation Techs 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.

Cavitation Techs Correlation With Market

Significant diversification

The correlation between Cavitation Techs and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cavitation Techs and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Cavitation Techs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cavitation Techs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cavitation Techs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cavitation Techs to buy it.

Moving together with Cavitation OTC Stock

0.72	SSNLF	Samsung Electronics	Pair Corr
0.79	AA	Alcoa Corp Downward Rally	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.81	IBM	International Business Tech Boost	Pair Corr
0.77	GE	GE Aerospace	Pair Corr
0.88	INTC	Intel Aggressive Push	Pair Corr
0.65	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr

Moving against Cavitation OTC Stock

0.68	VZ	Verizon Communications Aggressive Push	Pair Corr
0.68	T	ATT Inc Earnings Call This Week	Pair Corr
0.49	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	LPSIF	IAALF	TOGI	ITGMF	NXTN	HLLK	OCLN	LEIC	ATVK	TMGEF
LPSIF		0.48	0.71	0.0	-0.28	-0.05	-0.43	0.0	0.39	-0.71	LPSIF
IAALF	0.48		0.88	0.0	-0.71	0.34	-0.45	0.0	0.69	-0.64	IAALF
TOGI	0.71	0.88		0.0	-0.72	0.35	-0.5	0.0	0.78	-0.83	TOGI
ITGMF	0.0	0.0	0.0		0.0	0.0	0.0	1.0	0.0	0.0	ITGMF
NXTN	-0.28	-0.71	-0.72	0.0		-0.46	0.22	0.0	-0.66	0.49	NXTN
HLLK	-0.05	0.34	0.35	0.0	-0.46		-0.18	0.0	0.47	-0.15	HLLK
OCLN	-0.43	-0.45	-0.5	0.0	0.22	-0.18		0.0	-0.54	0.49	OCLN
LEIC	0.0	0.0	0.0	1.0	0.0	0.0	0.0		0.0	0.0	LEIC
ATVK	0.39	0.69	0.78	0.0	-0.66	0.47	-0.54	0.0		-0.61	ATVK
TMGEF	-0.71	-0.64	-0.83	0.0	0.49	-0.15	0.49	0.0	-0.61		TMGEF
	LPSIF	IAALF	TOGI	ITGMF	NXTN	HLLK	OCLN	LEIC	ATVK	TMGEF

Please upgrade your account to get full access to Macroaxis premium features

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

LEIC	+ 1.0	ITGMF
TOGI	+ 0.88	IAALF
ATVK	+ 0.78	TOGI
TOGI	+ 0.71	LPSIF
ATVK	+ 0.69	IAALF
TMGEF	+ 0.49	NXTN

High negative correlations

TMGEF	- 0.83	TOGI
NXTN	- 0.72	TOGI
NXTN	- 0.71	IAALF
TMGEF	- 0.71	LPSIF
ATVK	- 0.66	NXTN
TMGEF	- 0.64	IAALF

Risk-Adjusted Indicators

There is a big difference between Cavitation OTC Stock performing well and Cavitation Techs OTC Stock 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 Cavitation Techs' 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
LPSIF	4.27	0.75	0.07	0.76	4.61	(10.26)	18.18	(8.35)	43.75
IAALF	9.07	2.91	0.15	67.10	7.58	(21.63)	33.33	(20.00)	58.33
TOGI	12.20	6.26	0.59	(2.08)	6.66	(18.02)	25.00	(12.48)	186.78
ITGMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NXTN	2.80	0.07	0.01	0.17	5.14	(6.34)	9.09	(8.33)	55.33
HLLK	43.35	16.77	0.63	0.65	14.59	(122.39)	33.33	(27.59)	1,369
OCLN	6.45	0.37	0.03	0.70	7.24	(11.08)	16.67	(13.33)	62.89
LEIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATVK	17.05	4.63	0.22	(0.49)	14.32	(21.18)	55.70	(23.33)	121.80
TMGEF	1.81	(0.38)	0.00	(0.28)	0.00	0.00	4.03	(8.33)	21.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cavitation Techs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Equity Search Now

Equity Search

Search for actively traded equities including funds and ETFs from over 30 global markets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC