CNHI Old Correlations

Summary

The correlation of CNHI Old 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.

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Related Correlations Analysis

	DE	LNN	ALG	CAT	OSK	TEX	MTW	AGCO	ASTE	HY
DE		0.83	0.07	-0.2	0.57	-0.21	0.79	0.67	0.09	0.0	DE
LNN	0.83		0.19	0.21	0.51	0.17	0.74	0.83	0.24	0.36	LNN
ALG	0.07	0.19		0.48	0.32	0.61	0.31	0.26	0.57	0.53	ALG
CAT	-0.2	0.21	0.48		0.01	0.87	-0.08	0.46	0.46	0.71	CAT
OSK	0.57	0.51	0.32	0.01		0.3	0.7	0.45	0.16	0.44	OSK
TEX	-0.21	0.17	0.61	0.87	0.3		0.12	0.38	0.43	0.86	TEX
MTW	0.79	0.74	0.31	-0.08	0.7	0.12		0.5	0.17	0.35	MTW
AGCO	0.67	0.83	0.26	0.46	0.45	0.38	0.5		0.24	0.46	AGCO
ASTE	0.09	0.24	0.57	0.46	0.16	0.43	0.17	0.24		0.25	ASTE
HY	0.0	0.36	0.53	0.71	0.44	0.86	0.35	0.46	0.25		HY
	DE	LNN	ALG	CAT	OSK	TEX	MTW	AGCO	ASTE	HY

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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

TEX	+ 0.87	CAT
HY	+ 0.86	TEX
LNN	+ 0.83	DE
AGCO	+ 0.83	LNN
MTW	+ 0.79	DE
MTW	+ 0.74	LNN

High negative correlations

TEX	- 0.21	DE
CAT	- 0.2	DE
MTW	- 0.08	CAT
HY	- 0.0	DE

Risk-Adjusted Indicators

There is a big difference between CNHI Stock performing well and CNHI Old 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 CNHI Old'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
DE	1.39	0.16	0.11	0.08	1.56	(1.46)	3.48	(2.65)	8.33
LNN	1.18	0.09	0.00	(0.03)	0.00	0.00	2.90	(2.27)	6.31
ALG	1.07	(0.12)	0.00	(1.14)	0.00	0.00	1.96	(2.71)	7.08
CAT	1.21	(0.12)	0.00	(0.25)	0.00	0.00	2.72	(3.10)	8.22
OSK	1.54	(0.07)	0.00	(0.19)	0.00	0.00	1.68	(3.05)	24.90
TEX	1.85	(0.33)	0.00	(0.37)	0.00	0.00	3.39	(4.36)	10.40
MTW	2.18	0.12	0.00	(0.06)	0.00	0.00	5.24	(5.05)	19.98
AGCO	1.93	0.03	0.00	(0.08)	0.00	0.00	4.48	(3.80)	13.24
ASTE	1.77	0.00	0.00	(0.13)	0.00	0.00	3.65	(3.69)	16.24
HY	1.63	(0.28)	0.00	(0.48)	0.00	0.00	2.25	(3.69)	15.44

Delisting Warning - CNHI

CNHI Old was delisted

The entity CNHI Old with a symbol CNHI was delisted from NASDAQ Exchange. Please try CNH Industrial NV with a symbol CNH from now on. Check all delisted instruments accross multiple markets.

Still Interested in CNHI Old?

Investing in delisted delisted stocks can be risky, as the stock 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.

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