Cemtrex Correlations

CETX Stock

USD 1.88 0.14 6.93%

The correlation of Cemtrex 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.

Cemtrex Correlation With Market

Good diversification

The correlation between Cemtrex and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cemtrex 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 Cemtrex. 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.

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

Moving against Cemtrex Stock

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0.55	FKWL	Franklin Wireless Corp	Pair Corr
0.48	CDW	CDW Corp	Pair Corr
0.37	FLEX	Flex	Pair Corr
0.34	MEI	Methode Electronics Earnings Call This Week	Pair Corr
0.73	TSAT	Telesat Corp	Pair Corr
0.7	KVHI	KVH Industries	Pair Corr
0.7	AVNW	Aviat Networks	Pair Corr
0.67	AUDC	AudioCodes	Pair Corr
0.64	ADTN	ADTRAN Inc	Pair Corr
0.61	OSIS	OSI Systems	Pair Corr
0.61	CIEN	Ciena Corp Earnings Call This Week	Pair Corr
0.57	NTGR	NETGEAR	Pair Corr
0.56	SANM	Sanmina	Pair Corr
0.52	BELFB	Bel Fuse B	Pair Corr
0.45	CLFD	Clearfield	Pair Corr
0.79	KD	Kyndryl Holdings Sell-off Trend	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.66	VRRM	Verra Mobility Corp Earnings Call Today	Pair Corr
0.66	ENFN	Enfusion	Pair Corr

Related Correlations Analysis

	IIIV	AUID	BLZE	PKKFF	GCT	ARQQ	IRNT	TLS	NXTP	CISO
IIIV		0.33	0.55	-0.53	-0.09	-0.42	0.0	-0.01	0.0	-0.42	IIIV
AUID	0.33		-0.08	-0.04	0.1	-0.18	0.0	0.07	0.0	-0.16	AUID
BLZE	0.55	-0.08		-0.17	0.01	-0.21	0.0	0.44	0.0	-0.15	BLZE
PKKFF	-0.53	-0.04	-0.17		0.56	-0.12	0.0	0.2	0.0	0.23	PKKFF
GCT	-0.09	0.1	0.01	0.56		-0.43	0.0	-0.05	0.0	-0.35	GCT
ARQQ	-0.42	-0.18	-0.21	-0.12	-0.43		0.0	0.32	0.0	0.74	ARQQ
IRNT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	IRNT
TLS	-0.01	0.07	0.44	0.2	-0.05	0.32	0.0		0.0	0.37	TLS
NXTP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NXTP
CISO	-0.42	-0.16	-0.15	0.23	-0.35	0.74	0.0	0.37	0.0		CISO
	IIIV	AUID	BLZE	PKKFF	GCT	ARQQ	IRNT	TLS	NXTP	CISO

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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

CISO	+ 0.74	ARQQ
GCT	+ 0.56	PKKFF
BLZE	+ 0.55	IIIV
TLS	+ 0.44	BLZE
CISO	+ 0.37	TLS
AUID	+ 0.33	IIIV

High negative correlations

PKKFF	- 0.53	IIIV
ARQQ	- 0.43	GCT
CISO	- 0.42	IIIV
ARQQ	- 0.42	IIIV
CISO	- 0.35	GCT
ARQQ	- 0.21	BLZE

Risk-Adjusted Indicators

There is a big difference between Cemtrex Stock performing well and Cemtrex 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 Cemtrex'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
IIIV	1.69	0.13	0.06	0.33	2.02	(1.82)	3.97	(3.18)	13.07
AUID	4.32	(0.26)	0.00	(0.36)	0.00	0.00	10.25	(8.96)	44.75
BLZE	2.45	0.23	0.07	(1.27)	2.87	(2.68)	6.89	(4.39)	17.02
PKKFF	7.28	(1.59)	0.00	(0.80)	0.00	0.00	15.91	(19.64)	49.72
GCT	3.18	(0.16)	0.00	(0.25)	0.00	0.00	7.29	(6.12)	16.65
ARQQ	9.99	1.80	0.18	4.56	9.22	(13.49)	37.23	(12.37)	81.53
IRNT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TLS	2.69	(0.03)	0.00	(0.04)	0.00	0.00	5.18	(5.79)	18.49
NXTP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CISO	6.75	0.32	0.03	(0.69)	9.79	(8.29)	20.22	(15.23)	76.75

Cemtrex Corporate Management

Mark Provinsal	SVP Industries	Profile
Paul Wyckoff	Corporate Controller	Profile
Gaurav Taywade	Chief Studio	Profile
Shane Compton	Chief Industries	Profile
Bret McGowan	SVP Industries	Profile
Christopher Moore	Chief Officer	Profile

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