CEA Industries Correlations

CEADW Stock

USD 0.02 0 21.92%

The current 90-days correlation between CEA Industries Warrant and CEA Industries is 0.01 (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

Very good diversification

The correlation between CEA Industries Warrant and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CEA Industries Warrant 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 CEA Industries Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving against CEA Stock

0.72	HY	Hyster Yale Materials	Pair Corr
0.69	TEX	Terex	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.62	HYFM	Hydrofarm Holdings	Pair Corr
0.6	REVG	Rev Group	Pair Corr
0.56	GP	GreenPower Motor	Pair Corr
0.5	GENC	Gencor Industries	Pair Corr
0.49	WNC	Wabash National	Pair Corr
0.49	AGFY	Agrify Corp	Pair Corr
0.39	PCAR	PACCAR Inc	Pair Corr
0.35	ALG	Alamo Group	Pair Corr
0.32	AGCO	AGCO	Pair Corr
0.74	SHYF	Shyft Group	Pair Corr
0.69	J	Jacobs Solutions	Pair Corr
0.67	DY	Dycom Industries	Pair Corr
0.65	BV	BrightView Holdings	Pair Corr
0.61	BA	Boeing	Pair Corr
0.59	CW	Curtiss Wright	Pair Corr
0.58	R	Ryder System Earnings Call Next Week	Pair Corr
0.52	CMCO	Columbus McKinnon	Pair Corr
0.51	BW	Babcock Wilcox Enter	Pair Corr
0.39	CR	Crane Company	Pair Corr
0.38	AL	Air Lease	Pair Corr
0.34	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	CEAD	ISPOW	IVDAW	PETVW	GROMW
CEAD		-0.14	-0.06	0.0	0.0	CEAD
ISPOW	-0.14		0.32	0.0	0.0	ISPOW
IVDAW	-0.06	0.32		0.0	0.0	IVDAW
PETVW	0.0	0.0	0.0		0.0	PETVW
GROMW	0.0	0.0	0.0	0.0		GROMW
	CEAD	ISPOW	IVDAW	PETVW	GROMW

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

IVDAW	+ 0.32	ISPOW
PETVW	+ 0.0	CEAD
GROMW	+ 0.0	CEAD
PETVW	+ 0.0	ISPOW
GROMW	+ 0.0	ISPOW
PETVW	+ 0.0	IVDAW

High negative correlations

ISPOW	- 0.14	CEAD
IVDAW	- 0.06	CEAD
GROMW	- 0.0	PETVW
GROMW	- 0.0	IVDAW
PETVW	- 0.0	IVDAW
GROMW	- 0.0	ISPOW

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
CEAD	4.27	0.18	0.04	0.27	5.14	(5.38)	10.19	(8.60)	36.65
ISPOW	6.91	0.93	0.05	0.28	8.43	(17.11)	28.57	(12.50)	73.33
IVDAW	17.05	3.48	0.16	0.85	16.44	(23.44)	50.00	(32.67)	146.40
PETVW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GROMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

CEA Industries Corporate Management

Troy Rippe	Vice Development	Profile
Anthony McDonald	CEO Chairman	Profile
Bryan Merritt	G Mang	Profile
Jamie English	Vice Communications	Profile
Ryan Gift	Senior Development	Profile

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

2024 Macroaxis LLC