CDTi Advanced Correlations
| CDTIDelisted Stock | USD 0.15 0.00 0.00% |
The current 90-days correlation between CDTi Advanced Materials and Nyxoah is 0.07 (i.e., Significant diversification). The correlation of CDTi Advanced 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.
CDTi Advanced Correlation With Market
Average diversification
The correlation between CDTi Advanced Materials and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDTi Advanced Materials and DJI in the same portfolio, assuming nothing else is changed.
CDTi |
The ability to find closely correlated positions to CDTi Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CDTi Advanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CDTi Advanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CDTi Advanced Materials to buy it.
Moving together with CDTi Pink Sheet
| 0.66 | LIQT | LiqTech International | PairCorr |
| 0.69 | CLWT | Euro Tech Holdings | PairCorr |
| 0.76 | CP | Canadian Pacific Railway | PairCorr |
Moving against CDTi Pink Sheet
| 0.84 | PFFVF | Pfeiffer Vacuum Tech | PairCorr |
| 0.58 | ATMU | Atmus Filtration Tec | PairCorr |
| 0.54 | PCTTW | PureCycle Technologies | PairCorr |
| 0.52 | ZWS | Zurn Elkay Water | PairCorr |
| 0.51 | PCT | Purecycle Technologies | PairCorr |
| 0.51 | PCTTU | Purecycle Technologies Upward Rally | PairCorr |
| 0.48 | ARQ | Arq Inc Symbol Change | PairCorr |
| 0.41 | ERII | Energy Recovery | PairCorr |
| 0.74 | B | Barnes Group | PairCorr |
| 0.68 | J | Jacobs Solutions | PairCorr |
| 0.67 | AZ | A2Z Smart Technologies | PairCorr |
| 0.66 | CW | Curtiss Wright | PairCorr |
| 0.61 | BV | BrightView Holdings | PairCorr |
| 0.55 | R | Ryder System | PairCorr |
| 0.55 | BR | Broadridge Financial | PairCorr |
| 0.53 | CR | Crane Company | PairCorr |
| 0.51 | BW | Babcock Wilcox Enter | PairCorr |
| 0.5 | AL | Air Lease | PairCorr |
| 0.41 | G | Genpact Limited | PairCorr |
| 0.36 | BE | Bloom Energy Corp | PairCorr |
| 0.62 | EH | Ehang Holdings | PairCorr |
| 0.61 | NX | Quanex Building Products Downward Rally | PairCorr |
| 0.61 | OC | Owens Corning | PairCorr |
| 0.6 | NL | NL Industries | PairCorr |
| 0.59 | HI | Hillenbrand | PairCorr |
| 0.56 | LZ | LegalZoom | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CDTi Pink Sheet performing well and CDTi Advanced 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 CDTi Advanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOKFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNCY | 2.63 | 0.34 | 0.13 | 0.38 | 2.63 | 7.47 | 16.71 | |||
| WSRC | 0.77 | (0.40) | 0.00 | (2.92) | 0.00 | 0.00 | 11.36 | |||
| LOMLF | 1.90 | (0.12) | 0.00 | (1.26) | 0.00 | 4.76 | 9.76 | |||
| VLRS | 1.69 | 0.44 | 0.16 | (1.70) | 1.47 | 4.72 | 10.38 | |||
| NYXH | 1.90 | (0.09) | (0.06) | (0.01) | 2.11 | 5.40 | 11.03 | |||
| JBLU | 3.02 | 0.17 | 0.06 | 0.21 | 4.09 | 7.53 | 31.32 |
CDTi Advanced Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CDTi Advanced pink sheet to make a market-neutral strategy. Peer analysis of CDTi Advanced could also be used in its relative valuation, which is a method of valuing CDTi Advanced by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CDTi Advanced Corporate Executives
Elected by the shareholders, the CDTi Advanced's board of directors comprises two types of representatives: CDTi Advanced inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CDTi. The board's role is to monitor CDTi Advanced's management team and ensure that shareholders' interests are well served. CDTi Advanced'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, CDTi Advanced's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Golden | Co-Founder, CTO and VP of Bus. Devel. and Strategy | Profile | |
| Tracy Kern | CFO, Corporate Secretary | Profile |
Still Interested in CDTi Advanced Materials?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.