CONX Corp Correlations
| CONXUDelisted Stock | USD 10.43 0.00 0.00% |
The correlation of CONX Corp 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.
CONX Corp Correlation With Market
Average diversification
The correlation between CONX Corp 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 CONX Corp and DJI in the same portfolio, assuming nothing else is changed.
CONX |
Moving together with CONX Stock
| 0.87 | WMT | Walmart | PairCorr |
| 0.71 | AMZN | Amazon Inc | PairCorr |
| 0.78 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.91 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.84 | GLPPRB | Global Partners LP | PairCorr |
| 0.8 | FNMFO | Federal National Mortgage | PairCorr |
| 0.75 | DMRC | Digimarc | PairCorr |
| 0.68 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.74 | HWC | Hancock Whitney Corp Fiscal Year End 21st of January 2025 | PairCorr |
| 0.7 | EVGR | Evergreen Corp | PairCorr |
| 0.8 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.7 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.7 | BSGM | BioSig Technologies, | PairCorr |
| 0.79 | SAPMF | Saipem SpA | PairCorr |
| 0.83 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.83 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | BSIG | Brightsphere Investment | PairCorr |
| 0.76 | NBIX | Neurocrine Biosciences | PairCorr |
Moving against CONX Stock
| 0.84 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.84 | DPSTF | Deutsche Post AG | PairCorr |
| 0.83 | VLKAF | Volkswagen AG | PairCorr |
| 0.83 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.79 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.61 | MEDS | Trxade Group Symbol Change | PairCorr |
| 0.57 | BYDDY | BYD Co | PairCorr |
| 0.42 | 251566AA3 | DT 3625 21 | PairCorr |
Related Correlations Analysis
| -0.12 | 0.28 | 0.54 | 0.11 | CFIVU | ||
| -0.12 | -0.58 | -0.19 | -0.02 | BWACU | ||
| 0.28 | -0.58 | 0.58 | 0.45 | ARBGU | ||
| 0.54 | -0.19 | 0.58 | 0.41 | COOLU | ||
| 0.11 | -0.02 | 0.45 | 0.41 | ERESU | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CONX Stock performing well and CONX Corp 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 CONX Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CFIVU | 0.27 | (0.01) | (0.02) | 0.00 | 0.70 | 0.58 | 6.53 | |||
| BWACU | 0.49 | (0.14) | 0.00 | (17.29) | 0.00 | 0.55 | 12.54 | |||
| ARBGU | 0.08 | 0.03 | 0.00 | (2.48) | 0.00 | 0.00 | 2.36 | |||
| COOLU | 1.19 | 0.08 | 0.01 | 0.77 | 1.68 | 4.20 | 17.98 | |||
| ERESU | 1.28 | (0.01) | (0.01) | 0.26 | 2.66 | 4.53 | 21.50 |
CONX Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CONX Corp stock to make a market-neutral strategy. Peer analysis of CONX Corp could also be used in its relative valuation, which is a method of valuing CONX Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in CONX Corp?
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.