Conrad Industries Correlations

Summary

CNRDDelisted Stock

USD 10.30 0.00 0.00%

The current 90-days correlation between Conrad Industries and Innovative Solutions and is 0.09 (i.e., Significant diversification). The correlation of Conrad 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.

Conrad Industries Correlation With Market

Average diversification

The correlation between Conrad Industries and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conrad Industries and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Conrad Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conrad Industries 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 Conrad Industries - 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 Conrad Industries to buy it.

Moving together with Conrad Pink Sheet

0.82	MCOM	Micromobility	Pair Corr
0.8	MCOMW	Micromobility	Pair Corr
0.61	OI	O I Glass	Pair Corr
0.87	EBET	Ebet Inc	Pair Corr
0.61	F-PD	F PD	Pair Corr
0.61	FIGS	Figs Inc	Pair Corr
0.79	AVY	Avery Dennison Corp	Pair Corr
0.64	CCK	Crown Holdings	Pair Corr
0.75	CYD	China Yuchai Interna Upward Rally	Pair Corr
0.69	DSS	DSS Inc	Pair Corr
0.78	IPW	iPower Inc	Pair Corr
0.65	FXLV	F45 Training Holdings	Pair Corr

Moving against Conrad Pink Sheet

0.71	DRVN	Driven Brands Holdings	Pair Corr
0.69	VSTO	Vista Outdoor	Pair Corr
0.62	IP	International Paper	Pair Corr
0.59	SW	Smurfit WestRock plc	Pair Corr
0.53	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.51	EFOI	Energy Focu	Pair Corr
0.78	KRT	Karat Packaging	Pair Corr
0.71	KAR	KAR Auction Services	Pair Corr
0.68	MLR	Miller Industries	Pair Corr
0.68	PKG	Packaging Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.67	FLUT	Flutter Entertainment plc	Pair Corr
0.64	NCL	Northann Corp	Pair Corr
0.44	FATBP	FAT Brands	Pair Corr
0.43	GEF	Greif Bros	Pair Corr

Related Correlations Analysis

	THLLY	MTUAY	SAFRF	FINMY	THLEF	SGGKF	KAMN	KITTW	ISSC	NPK
THLLY		-0.32	0.56	-0.57	0.9	0.1	-0.76	-0.4	-0.57	-0.85	THLLY
MTUAY	-0.32		-0.08	0.69	-0.31	0.65	0.53	0.0	0.74	0.55	MTUAY
SAFRF	0.56	-0.08		-0.15	0.56	0.12	-0.39	-0.51	-0.36	-0.53	SAFRF
FINMY	-0.57	0.69	-0.15		-0.5	0.44	0.78	-0.02	0.83	0.71	FINMY
THLEF	0.9	-0.31	0.56	-0.5		0.19	-0.76	-0.44	-0.54	-0.85	THLEF
SGGKF	0.1	0.65	0.12	0.44	0.19		0.18	-0.17	0.53	0.1	SGGKF
KAMN	-0.76	0.53	-0.39	0.78	-0.76	0.18		0.19	0.7	0.82	KAMN
KITTW	-0.4	0.0	-0.51	-0.02	-0.44	-0.17	0.19		0.12	0.48	KITTW
ISSC	-0.57	0.74	-0.36	0.83	-0.54	0.53	0.7	0.12		0.69	ISSC
NPK	-0.85	0.55	-0.53	0.71	-0.85	0.1	0.82	0.48	0.69		NPK
	THLLY	MTUAY	SAFRF	FINMY	THLEF	SGGKF	KAMN	KITTW	ISSC	NPK

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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

THLEF	+ 0.9	THLLY
ISSC	+ 0.83	FINMY
NPK	+ 0.82	KAMN
KAMN	+ 0.78	FINMY
ISSC	+ 0.74	MTUAY
NPK	+ 0.71	FINMY

High negative correlations

NPK	- 0.85	THLEF
NPK	- 0.85	THLLY
KAMN	- 0.76	THLEF
KAMN	- 0.76	THLLY
ISSC	- 0.57	THLLY
FINMY	- 0.57	THLLY

Risk-Adjusted Indicators

There is a big difference between Conrad Pink Sheet performing well and Conrad 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 Conrad 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
THLLY	1.09	(0.22)	0.00	(0.70)	0.00	0.00	1.91	(2.75)	8.35
MTUAY	1.03	0.08	0.05	0.28	1.02	(1.24)	1.82	(1.69)	7.65
SAFRF	1.61	(0.14)	0.00	(0.26)	0.00	0.00	3.77	(3.83)	11.75
FINMY	1.42	0.24	0.12	2.71	1.52	(1.58)	2.99	(2.08)	10.22
THLEF	0.96	(0.18)	0.00	1.08	0.00	0.00	1.98	(3.35)	11.73
SGGKF	1.31	0.21	0.00	0.34	0.00	0.00	5.11	(1.56)	25.21
KAMN	1.85	0.09	0.03	0.16	2.21	(1.87)	5.37	(3.75)	14.48
KITTW	6.50	1.12	0.11	(0.83)	6.97	(9.00)	20.49	(13.18)	45.61
ISSC	1.50	0.50	0.25	1.64	1.30	(1.74)	4.42	(2.06)	11.58
NPK	1.27	0.40	0.25	11.19	1.06	(1.47)	3.22	(2.20)	8.03

View Conrad Industries Related Equities

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Risk & Return

Correlation

Conrad Industries Corporate Executives

Elected by the shareholders, the Conrad Industries' board of directors comprises two types of representatives: Conrad Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Conrad. The board's role is to monitor Conrad Industries' management team and ensure that shareholders' interests are well served. Conrad Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Conrad Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.

Terry Frickey

COO, Executive VP of Bus. and Product Devel. and Executive VP

Profile

Still Interested in Conrad Industries?

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.

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