CVD Equipment Correlations

CVV Stock

USD 3.69 0.25 7.27%

The current 90-days correlation between CVD Equipment and Taylor Devices is -0.02 (i.e., Good diversification). The correlation of CVD Equipment 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.

CVD Equipment Correlation With Market

Significant diversification

The correlation between CVD Equipment and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVD Equipment and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CVD Stock

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

For more information on how to buy CVD Stock please use our How to Invest in CVD Equipment guide.

Moving against CVD Stock

0.39	S	SentinelOne	Pair Corr
0.31	ARQQW	Arqit Quantum Warrants	Pair Corr

Related Correlations Analysis

	TAYD	GHM	OFLX	LXFR	DAIO	CYAN	YHGJ	ELSE	CSPI
TAYD		0.88	0.86	0.84	0.88	0.0	-0.64	0.5	-0.69	TAYD
GHM	0.88		0.76	0.82	0.97	0.0	-0.78	0.59	-0.88	GHM
OFLX	0.86	0.76		0.78	0.72	0.0	-0.52	0.4	-0.55	OFLX
LXFR	0.84	0.82	0.78		0.84	0.0	-0.58	0.37	-0.58	LXFR
DAIO	0.88	0.97	0.72	0.84		0.0	-0.79	0.57	-0.81	DAIO
CYAN	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CYAN
YHGJ	-0.64	-0.78	-0.52	-0.58	-0.79	0.0		-0.38	0.71	YHGJ
ELSE	0.5	0.59	0.4	0.37	0.57	0.0	-0.38		-0.46	ELSE
CSPI	-0.69	-0.88	-0.55	-0.58	-0.81	0.0	0.71	-0.46		CSPI
	TAYD	GHM	OFLX	LXFR	DAIO	CYAN	YHGJ	ELSE	CSPI

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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

DAIO	+ 0.97	GHM
GHM	+ 0.88	TAYD
DAIO	+ 0.88	TAYD
OFLX	+ 0.86	TAYD
LXFR	+ 0.84	TAYD
DAIO	+ 0.84	LXFR

High negative correlations

CSPI	- 0.88	GHM
CSPI	- 0.81	DAIO
YHGJ	- 0.79	DAIO
YHGJ	- 0.78	GHM
CSPI	- 0.69	TAYD
YHGJ	- 0.64	TAYD

Risk-Adjusted Indicators

There is a big difference between CVD Stock performing well and CVD Equipment 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 CVD Equipment'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
TAYD	2.40	0.42	0.16	0.53	2.33	(2.74)	5.92	(4.34)	16.96
GHM	2.04	0.67	0.46	0.59	0.96	(2.66)	6.01	(2.43)	13.36
OFLX	2.22	(0.06)	0.03	0.10	2.21	(2.65)	7.01	(4.19)	14.80
LXFR	1.66	0.32	0.11	14.67	1.49	(1.92)	3.99	(2.70)	10.90
DAIO	1.90	0.66	0.22	(2.95)	1.80	(2.36)	4.17	(3.11)	14.32
CYAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
YHGJ	3.93	(0.35)	0.00	0.57	0.00	0.00	8.97	(8.24)	20.93
ELSE	2.29	0.25	0.02	(2.03)	4.05	(2.47)	4.22	(3.57)	39.66
CSPI	2.98	(0.44)	0.00	(0.63)	0.00	0.00	4.56	(5.49)	20.20

CVD Equipment Corporate Management

Kevin Collins	VP Division	Profile
Warren Cheesman	Vice Operations	Profile
Jeffrey Brogan	Vice Marketing	Profile
Maxim Shatalov	Vice Technology	Profile
Richard Catalano	CFO, VP	Profile

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