CEA Industries Correlations

VAPEW Stock

0.03 0.01 43.81%

The current 90-days correlation between CEA Industries and Western Digital is 0.07 (i.e., Significant diversification). The correlation of CEA Industries 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.

CEA Industries Correlation With Market

Significant diversification

The correlation between CEA Industries and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CEA Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CEA Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in CEA Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with CEA Stock

0.66	ALG	Alamo Group	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.64	CNH	CNH Industrial NV Sell-off Trend	Pair Corr
0.73	LNN	Lindsay	Pair Corr
0.68	MTW	Manitowoc	Pair Corr
0.64	OSK	Oshkosh	Pair Corr
0.65	TEX	Terex	Pair Corr
0.68	PCAR	PACCAR Inc Earnings Call This Week	Pair Corr
0.63	AGCO	AGCO	Pair Corr
0.62	ARTW	Arts Way Manufacturing	Pair Corr
0.64	SHYF	Shyft Group Earnings Call This Week	Pair Corr
0.66	BLBD	Blue Bird Corp	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.62	CE	Celanese	Pair Corr
0.63	CX	Cemex SAB de Earnings Call This Week	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr

Moving against CEA Stock

0.45	XOS	Xos Inc	Pair Corr
0.39	HCAI	Huachen AI Parking	Pair Corr
0.31	GP	GreenPower Motor	Pair Corr
0.6	UGRO	Urban Gro	Pair Corr

Related Correlations Analysis

	WDC	MTSI	STM	VALN	ASUR	TSEM	IPGP	AMKR
WDC		0.97	0.97	-0.79	0.55	0.91	0.94	0.95	WDC
MTSI	0.97		0.94	-0.81	0.51	0.88	0.91	0.94	MTSI
STM	0.97	0.94		-0.75	0.59	0.89	0.93	0.97	STM
VALN	-0.79	-0.81	-0.75		-0.34	-0.6	-0.7	-0.78	VALN
ASUR	0.55	0.51	0.59	-0.34		0.61	0.61	0.61	ASUR
TSEM	0.91	0.88	0.89	-0.6	0.61		0.93	0.89	TSEM
IPGP	0.94	0.91	0.93	-0.7	0.61	0.93		0.92	IPGP
AMKR	0.95	0.94	0.97	-0.78	0.61	0.89	0.92		AMKR
	WDC	MTSI	STM	VALN	ASUR	TSEM	IPGP	AMKR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MTSI	+ 0.97	WDC
STM	+ 0.97	WDC
AMKR	+ 0.97	STM
AMKR	+ 0.95	WDC
IPGP	+ 0.94	WDC
STM	+ 0.94	MTSI

High negative correlations

VALN	- 0.81	MTSI
VALN	- 0.79	WDC
AMKR	- 0.78	VALN
VALN	- 0.75	STM
IPGP	- 0.7	VALN
TSEM	- 0.6	VALN

Risk-Adjusted Indicators

There is a big difference between CEA Stock performing well and CEA Industries 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 CEA Industries' 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
WDC	1.34	0.88	0.64	1.18	0.00	(1.73)	5.25	(1.84)	10.25
MTSI	1.44	0.59	0.24	(3.80)	1.16	(1.59)	4.74	(2.27)	9.83
STM	2.00	0.55	0.37	0.52	1.09	(2.46)	5.42	(2.45)	13.58
VALN	1.86	0.10	(0.02)	(0.35)	2.59	(1.79)	3.45	(3.28)	18.89
ASUR	2.00	0.24	0.02	(0.41)	2.17	(2.32)	4.86	(3.94)	11.91
TSEM	2.06	0.42	0.21	0.57	1.60	(2.44)	6.04	(2.76)	11.00
IPGP	1.80	0.27	0.12	0.28	2.43	(1.86)	3.78	(2.94)	18.19
AMKR	1.78	0.20	0.12	0.27	1.73	(2.05)	3.82	(3.26)	11.83

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