Cadeler AS Correlations

CDLR Stock

20.42 0.43 2.15%

The current 90-days correlation between Cadeler AS and Hudson Technologies is 0.21 (i.e., Modest diversification). The correlation of Cadeler AS 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.

Cadeler AS Correlation With Market

Modest diversification

The correlation between Cadeler AS and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadeler AS and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Cadeler Stock, please use our How to Invest in Cadeler AS guide.

Moving together with Cadeler Stock

0.61	J	Jacobs Solutions	Pair Corr
0.77	ESOA	Energy Services	Pair Corr
0.66	ACA	Arcosa Inc	Pair Corr
0.82	ACM	Aecom Technology	Pair Corr
0.79	ECG	Everus Construction	Pair Corr
0.67	EME	EMCOR Group	Pair Corr
0.67	FGL	Founder Group Limited	Pair Corr
0.65	FIX	Comfort Systems USA	Pair Corr
0.85	FLR	Fluor	Pair Corr
0.71	GVA	Granite Construction	Pair Corr
0.78	PWR	Quanta Services	Pair Corr
0.82	GLDD	Great Lakes Dredge	Pair Corr
0.86	MYRG	MYR Group	Pair Corr
0.74	NVEE	NV5 Global	Pair Corr
0.87	PGHL	Primega Group Holdings	Pair Corr
0.66	PRIM	Primoris Services	Pair Corr
0.82	RITR	Reitar Logtech Holdings	Pair Corr
0.9	ROAD	Construction Partners	Pair Corr
0.79	AMRC	Ameresco Buyout Trend	Pair Corr
0.82	SHIM	Shimmick Common	Pair Corr
0.8	STRL	Sterling Construction	Pair Corr
0.84	BWMN	Bowman Consulting	Pair Corr

Moving against Cadeler Stock

0.53	VATE	Innovate Corp	Pair Corr
0.51	WLGS	Wang Lee Group, Trending	Pair Corr
0.81	EH	Ehang Holdings	Pair Corr
0.8	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	ROOOF	DOW	APD	PWWRF	ECCI	HDSN	TSQ
ROOOF		0.2	-0.21	0.0	0.0	0.27	0.11	ROOOF
DOW	0.2		0.12	0.0	0.0	0.02	0.69	DOW
APD	-0.21	0.12		0.0	0.0	0.15	0.02	APD
PWWRF	0.0	0.0	0.0		0.0	0.0	0.0	PWWRF
ECCI	0.0	0.0	0.0	0.0		0.0	0.0	ECCI
HDSN	0.27	0.02	0.15	0.0	0.0		-0.33	HDSN
TSQ	0.11	0.69	0.02	0.0	0.0	-0.33		TSQ
	ROOOF	DOW	APD	PWWRF	ECCI	HDSN	TSQ

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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

TSQ	+ 0.69	DOW
HDSN	+ 0.27	ROOOF
DOW	+ 0.2	ROOOF
HDSN	+ 0.15	APD
APD	+ 0.12	DOW
TSQ	+ 0.11	ROOOF

High negative correlations

TSQ	- 0.33	HDSN
APD	- 0.21	ROOOF
TSQ	- 0.0	ECCI
HDSN	- 0.0	ECCI
TSQ	- 0.0	PWWRF
HDSN	- 0.0	PWWRF

Risk-Adjusted Indicators

There is a big difference between Cadeler Stock performing well and Cadeler AS 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 Cadeler AS'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
ROOOF	2.85	0.01	0.02	(0.02)	2.88	(5.22)	8.00	(4.17)	15.99
DOW	1.41	(0.08)	0.00	(0.23)	0.00	0.00	2.71	(2.61)	9.12
APD	1.13	(0.03)	0.00	(0.14)	0.00	0.00	2.38	(1.85)	8.35
PWWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HDSN	1.58	0.10	0.07	0.07	1.80	(1.91)	3.42	(3.02)	8.73
TSQ	1.55	(0.18)	0.00	(0.24)	0.00	0.00	4.49	(3.27)	9.99

Cadeler AS Corporate Management

Jacob Gregersen	Chief Officer	Profile
Bo Lauridsen	Head HSEQ	Profile
Karen Roiy	Vice Communication	Profile
Pernille Korsager	General Counsel	Profile
Carina Cappelen	Chief Officer	Profile

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