CDT Environmental Correlations

CDTG Stock

1.35 0.05 3.57%

The correlation of CDT Environmental 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.

CDT Environmental Correlation With Market

Average diversification

The correlation between CDT Environmental Technology and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDT Environmental Technology 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 CDT Environmental Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with CDT Stock

0.75	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.71	BW	Babcock Wilcox Enter	Pair Corr

Moving against CDT Stock

0.84	MG	Mistras Group Earnings Call This Week	Pair Corr
0.7	MGRC	McGrath RentCorp	Pair Corr
0.69	PYCR	Paycor HCM Sell-off Trend	Pair Corr
0.66	LTBR	Lightbridge Corp Earnings Call Tomorrow	Pair Corr
0.49	AP	Ampco Pittsburgh	Pair Corr
0.45	TOMZ	TOMI Environmental	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.73	LZ	LegalZoom	Pair Corr
0.71	CP	Canadian Pacific Railway	Pair Corr
0.64	PL	Planet Labs PBC	Pair Corr
0.63	DE	Deere Company	Pair Corr
0.6	BZ	Kanzhun Ltd ADR	Pair Corr
0.59	HI	Hillenbrand	Pair Corr
0.52	EH	Ehang Holdings	Pair Corr
0.38	DY	Dycom Industries Earnings Call Tomorrow	Pair Corr
0.37	BA	Boeing	Pair Corr
0.37	RR	Richtech Robotics Class	Pair Corr
0.36	PH	Parker Hannifin	Pair Corr

Related Correlations Analysis

	IAS	TSQ	CCGY	DNN	ZIJMF	TTAM	MAKOF	KUYAF
IAS		0.61	0.0	0.47	0.01	0.13	-0.1	0.38	IAS
TSQ	0.61		0.0	0.83	-0.26	-0.09	-0.66	0.01	TSQ
CCGY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CCGY
DNN	0.47	0.83	0.0		-0.32	-0.08	-0.65	-0.05	DNN
ZIJMF	0.01	-0.26	0.0	-0.32		0.25	0.6	0.59	ZIJMF
TTAM	0.13	-0.09	0.0	-0.08	0.25		0.21	0.05	TTAM
MAKOF	-0.1	-0.66	0.0	-0.65	0.6	0.21		0.49	MAKOF
KUYAF	0.38	0.01	0.0	-0.05	0.59	0.05	0.49		KUYAF
	IAS	TSQ	CCGY	DNN	ZIJMF	TTAM	MAKOF	KUYAF

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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

DNN	+ 0.83	TSQ
TSQ	+ 0.61	IAS
MAKOF	+ 0.6	ZIJMF
KUYAF	+ 0.59	ZIJMF
KUYAF	+ 0.49	MAKOF
DNN	+ 0.47	IAS

High negative correlations

MAKOF	- 0.66	TSQ
MAKOF	- 0.65	DNN
ZIJMF	- 0.32	DNN
ZIJMF	- 0.26	TSQ
MAKOF	- 0.1	IAS
TTAM	- 0.09	TSQ

Risk-Adjusted Indicators

There is a big difference between CDT Stock performing well and CDT Environmental 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 CDT Environmental'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
IAS	1.22	0.05	0.02	0.08	1.81	(1.28)	3.22	(2.25)	10.17
TSQ	1.45	(0.16)	0.00	(0.18)	0.00	0.00	4.42	(3.12)	9.99
CCGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DNN	2.82	(0.38)	0.00	(0.56)	0.00	0.00	4.41	(5.29)	30.33
ZIJMF	2.50	(0.03)	0.00	0.08	0.00	0.00	6.38	(6.19)	16.52
TTAM	1.65	0.05	0.03	0.34	1.46	(3.35)	4.38	(3.15)	7.52
MAKOF	2.03	0.48	0.22	(8.59)	1.62	(2.63)	5.06	(3.36)	19.72
KUYAF	3.18	0.04	0.01	0.04	3.71	(6.61)	9.52	(5.56)	24.16

CDT Environmental Corporate Executives

Elected by the shareholders, the CDT Environmental's board of directors comprises two types of representatives: CDT Environmental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CDT. The board's role is to monitor CDT Environmental's management team and ensure that shareholders' interests are well served. CDT Environmental's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CDT Environmental's outside directors are responsible for providing unbiased perspectives on the board's policies.

Zijiang Liu

CTO VP

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