Chicago Rivet Correlations

CVR Stock

USD 9.65 0.06 0.63%

The current 90-days correlation between Chicago Rivet Machine and Multi Ways Holdings is -0.07 (i.e., Good diversification). The correlation of Chicago Rivet 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.

Chicago Rivet Correlation With Market

Significant diversification

The correlation between Chicago Rivet Machine and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chicago Rivet Machine and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Chicago Stock

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

Moving together with Chicago Stock

0.73	300280	Jiangsu Zitian Media	Pair Corr
0.7	HILTON	Hilton Metal Forging	Pair Corr
0.68	XOS	Xos Inc	Pair Corr
0.78	GTEC	Greenland Acquisition Earnings Call This Week	Pair Corr

Moving against Chicago Stock

0.87	DCI	Donaldson	Pair Corr
0.77	301053	Yoantion Industrial	Pair Corr
0.65	002534	Xizi Clean Energy	Pair Corr
0.62	RR	Richtech Robotics Class	Pair Corr
0.61	301070	Kale Environmental	Pair Corr
0.6	PH	Parker Hannifin Earnings Call This Week	Pair Corr
0.6	GRC	Gorman Rupp	Pair Corr
0.56	CXT	Crane NXT Earnings Call This Week	Pair Corr
0.44	WATR	Current Water Techno	Pair Corr
0.8	MLI	Mueller Industries	Pair Corr
0.75	PNR	Pentair PLC	Pair Corr
0.73	FTAIN	Fortress Transportation	Pair Corr
0.71	WTS	Watts Water Technologies	Pair Corr
0.63	KAYNES	Kaynes Technology India	Pair Corr
0.55	ITT	ITT Inc	Pair Corr
0.46	GTLS	Chart Industries Earnings Call Today	Pair Corr
0.44	IEX	IDEX	Pair Corr

Related Correlations Analysis

	MWG	ATXG	IPDN	MNTS	FPAY	DEVS	OP	CLWT	FBGL	INLF
MWG		0.49	0.53	-0.16	-0.12	-0.22	-0.62	0.64	0.41	-0.69	MWG
ATXG	0.49		0.28	0.42	-0.28	-0.24	-0.5	0.44	0.58	-0.79	ATXG
IPDN	0.53	0.28		0.04	-0.13	-0.4	-0.51	0.35	0.03	-0.35	IPDN
MNTS	-0.16	0.42	0.04		-0.3	-0.16	-0.17	0.11	0.18	-0.16	MNTS
FPAY	-0.12	-0.28	-0.13	-0.3		0.82	0.35	0.1	0.19	0.53	FPAY
DEVS	-0.22	-0.24	-0.4	-0.16	0.82		0.55	0.01	0.18	0.43	DEVS
OP	-0.62	-0.5	-0.51	-0.17	0.35	0.55		-0.68	-0.35	0.47	OP
CLWT	0.64	0.44	0.35	0.11	0.1	0.01	-0.68		0.61	-0.41	CLWT
FBGL	0.41	0.58	0.03	0.18	0.19	0.18	-0.35	0.61		-0.36	FBGL
INLF	-0.69	-0.79	-0.35	-0.16	0.53	0.43	0.47	-0.41	-0.36		INLF
	MWG	ATXG	IPDN	MNTS	FPAY	DEVS	OP	CLWT	FBGL	INLF

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

DEVS	+ 0.82	FPAY
CLWT	+ 0.64	MWG
FBGL	+ 0.61	CLWT
FBGL	+ 0.58	ATXG
OP	+ 0.55	DEVS
IPDN	+ 0.53	MWG

High negative correlations

INLF	- 0.79	ATXG
INLF	- 0.69	MWG
CLWT	- 0.68	OP
OP	- 0.62	MWG
OP	- 0.51	IPDN
OP	- 0.5	ATXG

Risk-Adjusted Indicators

There is a big difference between Chicago Stock performing well and Chicago Rivet 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 Chicago Rivet'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
MWG	3.50	0.26	0.05	0.36	3.57	(6.13)	8.33	(7.69)	35.20
ATXG	4.84	0.18	0.02	0.24	7.46	(6.21)	11.00	(7.35)	59.91
IPDN	13.01	3.21	0.29	(8.93)	8.91	(17.63)	29.64	(19.90)	280.17
MNTS	5.30	(0.18)	0.04	0.06	5.72	(7.64)	7.76	(9.87)	90.40
FPAY	10.29	(5.29)	0.00	3.62	0.00	0.00	12.12	(35.00)	92.74
DEVS	5.35	(1.01)	0.00	(0.60)	0.00	0.00	11.49	(10.89)	37.95
OP	6.20	(1.66)	0.00	(0.59)	0.00	0.00	9.28	(20.00)	52.42
CLWT	2.42	(0.03)	(0.03)	0.01	3.03	(3.20)	6.02	(5.88)	23.48
FBGL	4.31	(0.02)	(0.01)	0.05	5.01	(5.30)	9.62	(8.93)	36.43
INLF	3.09	(0.41)	0.00	(0.56)	0.00	0.00	7.14	(7.45)	24.73

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