ConnectM Technology Correlations

CNTM Stock

USD 0.55 0.03 5.19%

The current 90-days correlation between ConnectM Technology and Gamehost is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConnectM Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConnectM Technology Solutions, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ConnectM Technology Correlation With Market

Average diversification

The correlation between ConnectM Technology Solutions, and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ConnectM Technology Solutions, 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 ConnectM Technology Solutions,. 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.

Moving together with ConnectM Stock

0.71	HPQ	HP Inc Sell-off Trend	Pair Corr
0.81	TLK	Telkom Indonesia Tbk	Pair Corr
0.74	DCGO	DocGo Inc	Pair Corr
0.82	PTITF	PT Indosat Tbk	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.72	BAC	Bank of America	Pair Corr
0.81	AXP	American Express	Pair Corr
0.68	DIS	Walt Disney	Pair Corr
0.79	CAT	Caterpillar	Pair Corr
0.86	MSFT	Microsoft	Pair Corr

Moving against ConnectM Stock

0.92	VZ	Verizon Communications Aggressive Push	Pair Corr
0.91	JNJ	Johnson Johnson	Pair Corr
0.81	TRV	The Travelers Companies	Pair Corr
0.76	KEP	Korea Electric Power	Pair Corr
0.67	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr
0.61	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.57	INTC	Intel	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.53	MMM	3M Company	Pair Corr
0.51	GE	GE Aerospace	Pair Corr
0.44	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	GMWKF	GHIFF	NTGL	IGT	DAN	DOOO	MGA	BRAG
GMWKF		0.57	0.0	-0.09	0.41	-0.6	-0.4	0.28	GMWKF
GHIFF	0.57		0.0	-0.18	0.15	-0.48	-0.28	0.04	GHIFF
NTGL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NTGL
IGT	-0.09	-0.18	0.0		-0.06	-0.04	-0.04	-0.01	IGT
DAN	0.41	0.15	0.0	-0.06		-0.52	-0.49	0.91	DAN
DOOO	-0.6	-0.48	0.0	-0.04	-0.52		0.89	-0.45	DOOO
MGA	-0.4	-0.28	0.0	-0.04	-0.49	0.89		-0.46	MGA
BRAG	0.28	0.04	0.0	-0.01	0.91	-0.45	-0.46		BRAG
	GMWKF	GHIFF	NTGL	IGT	DAN	DOOO	MGA	BRAG

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

BRAG	+ 0.91	DAN
MGA	+ 0.89	DOOO
GHIFF	+ 0.57	GMWKF
DAN	+ 0.41	GMWKF
BRAG	+ 0.28	GMWKF
DAN	+ 0.15	GHIFF

High negative correlations

DOOO	- 0.6	GMWKF
DOOO	- 0.52	DAN
MGA	- 0.49	DAN
DOOO	- 0.48	GHIFF
BRAG	- 0.46	MGA
BRAG	- 0.45	DOOO

Risk-Adjusted Indicators

There is a big difference between ConnectM Stock performing well and ConnectM Technology 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 ConnectM Technology'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
GMWKF	1.05	0.04	0.02	(0.34)	1.59	(2.72)	2.73	(2.09)	17.87
GHIFF	0.56	0.03	0.02	0.05	1.05	(3.74)	2.36	(1.55)	8.46
NTGL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IGT	1.22	(0.02)	0.00	(0.06)	0.00	0.00	2.06	(2.30)	6.57
DAN	2.18	0.36	0.13	0.19	2.46	(2.26)	5.46	(3.75)	19.62
DOOO	2.20	(0.50)	0.00	(0.41)	0.00	0.00	3.23	(5.27)	11.99
MGA	1.61	(0.18)	0.00	(0.17)	0.00	0.00	2.59	(4.42)	11.48
BRAG	3.00	0.48	0.14	0.35	3.00	(3.86)	7.87	(5.52)	28.30

ConnectM Technology Corporate Management

John Schinter	Chief Officer	Profile
Mahesh Choudhury	Vice Operations	Profile
Daniel Davis	Interim Officer	Profile
Kevin Stateham	Vice Development	Profile
Barbara Leavitt	Chief Officer	Profile
Girish Subramanya	Global Operations	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