Cimpress Correlations

CMPR Stock

USD 44.70 0.54 1.19%

The current 90-days correlation between Cimpress NV and Deluxe is 0.33 (i.e., Weak diversification). The correlation of Cimpress 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.

Cimpress Correlation With Market

Weak diversification

The correlation between Cimpress NV and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cimpress NV 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 Cimpress NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Cimpress Stock

0.94	BV	BrightView Holdings	Pair Corr
0.66	FA	First Advantage Corp	Pair Corr
0.86	CLH	Clean Harbors	Pair Corr
0.64	KFY	Korn Ferry	Pair Corr
0.73	MMS	Maximus	Pair Corr
0.9	TBI	TrueBlue	Pair Corr
0.85	BBSI	Barrett Business Services	Pair Corr
0.92	TILE	Interface	Pair Corr
0.61	J	Jacobs Solutions	Pair Corr
0.86	CW	Curtiss Wright	Pair Corr

Moving against Cimpress Stock

0.84	CSGS	CSG Systems International	Pair Corr
0.75	WCN	Waste Connections	Pair Corr
0.73	NSP	Insperity	Pair Corr
0.57	PYCR	Paycor HCM Sell-off Trend	Pair Corr
0.57	CASS	Cass Information Systems	Pair Corr
0.55	KAR	KAR Auction Services	Pair Corr
0.45	CWST	Casella Waste Systems	Pair Corr
0.9	EH	Ehang Holdings	Pair Corr
0.73	GE	GE Aerospace	Pair Corr
0.68	DE	Deere Company	Pair Corr
0.68	PC	Premium Catering	Pair Corr
0.63	MG	Mistras Group	Pair Corr
0.55	LZ	LegalZoom	Pair Corr
0.47	SB	Safe Bulkers	Pair Corr

Related Correlations Analysis

	CTV	DLX	OMC	EEX	QNST	CRTO	IPG	ADV	MCHX	EVC
CTV		0.33	0.33	0.24	-0.19	-0.69	0.24	-0.18	-0.13	0.2	CTV
DLX	0.33		0.63	0.76	0.6	0.07	0.48	0.41	0.09	0.67	DLX
OMC	0.33	0.63		0.68	0.62	0.09	0.94	0.63	-0.22	0.49	OMC
EEX	0.24	0.76	0.68		0.77	0.29	0.46	0.69	-0.29	0.85	EEX
QNST	-0.19	0.6	0.62	0.77		0.6	0.51	0.83	-0.24	0.62	QNST
CRTO	-0.69	0.07	0.09	0.29	0.6		0.07	0.66	-0.08	0.27	CRTO
IPG	0.24	0.48	0.94	0.46	0.51	0.07		0.57	-0.14	0.28	IPG
ADV	-0.18	0.41	0.63	0.69	0.83	0.66	0.57		-0.28	0.64	ADV
MCHX	-0.13	0.09	-0.22	-0.29	-0.24	-0.08	-0.14	-0.28		-0.17	MCHX
EVC	0.2	0.67	0.49	0.85	0.62	0.27	0.28	0.64	-0.17		EVC
	CTV	DLX	OMC	EEX	QNST	CRTO	IPG	ADV	MCHX	EVC

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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

IPG	+ 0.94	OMC
EVC	+ 0.85	EEX
ADV	+ 0.83	QNST
QNST	+ 0.77	EEX
EEX	+ 0.76	DLX
ADV	+ 0.69	EEX

High negative correlations

CRTO	- 0.69	CTV
MCHX	- 0.29	EEX
MCHX	- 0.28	ADV
MCHX	- 0.24	QNST
MCHX	- 0.22	OMC
QNST	- 0.19	CTV

Risk-Adjusted Indicators

There is a big difference between Cimpress Stock performing well and Cimpress 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 Cimpress' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CTV	0.44	(0.04)	2.34	0.98	(1.94)	2.52
DLX	1.68	(0.45)	(0.46)	2.40	(3.95)	14.33
OMC	1.02	(0.14)	1.25	1.73	(2.46)	5.91
EEX	1.39	(0.21)	0.63	1.91	(2.82)	13.91
QNST	2.15	(0.27)	0.75	4.47	(4.36)	16.33
CRTO	1.85	(0.33)	3.19	2.96	(3.55)	22.21
IPG	1.10	(0.13)	1.24	1.87	(2.85)	6.63
ADV	3.26	(0.96)	0.63	4.97	(8.90)	24.78
MCHX	2.03	(0.09)	(0.19)	3.76	(3.94)	11.90
EVC	3.26	(0.09)	0.58	5.41	(10.00)	33.87

Cimpress Corporate Management

Matthew Walsh	Vice Counsel	Profile
Colin Sprague	Senior Analyst	Profile
Jonathan Chevalier	VP Treasurer	Profile
Ricky Engelberg	Chief Vistaprint	Profile

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