Charles Colvard Correlations

Stocks . USA . 
Stock . Charles Colvard
CTHR Stock  USD 1.01  0.02  2.02%   
The current 90-days correlation between Charles Colvard and Lanvin Group Holdings is 0.25 (i.e., Modest diversification). The correlation of Charles Colvard 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.

Charles Colvard Correlation With Market

Good diversification

The correlation between Charles Colvard and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charles Colvard 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 Charles Colvard. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
To learn how to invest in Charles Stock, please use our How to Invest in Charles Colvard guide.

Moving together with Charles Stock

  0.68FORD Forward IndustriesPairCorr
  0.82CRI CartersPairCorr
  0.73DHI DR HortonPairCorr
  0.83DTC Solo BrandsPairCorr
  0.78KBH KB HomePairCorr
  0.86KTB Kontoor BrandsPairCorr
  0.73LEN LennarPairCorr
  0.72NVR NVR IncPairCorr
  0.87OXM Oxford Industries Earnings Call This WeekPairCorr
  0.76PHM PulteGroupPairCorr
  0.7PVH PVH CorpPairCorr
  0.85SKX Skechers USAPairCorr
  0.87VRA Vera BradleyPairCorr
  0.83WWW Wolverine World WidePairCorr
  0.67ZGN Ermenegildo Zegna Earnings Call This WeekPairCorr
  0.79GIII G III ApparelPairCorr
  0.78JOUT Johnson OutdoorsPairCorr
  0.84ONON On HoldingPairCorr
  0.88RCKY Rocky BrandsPairCorr
  0.62AOUT American Outdoor BrandsPairCorr
  0.87SHOO Steven MaddenPairCorr
  0.78CLAR Clarus CorpPairCorr
  0.83DECK Deckers OutdoorPairCorr
  0.85HD Home DepotPairCorr
  0.74WEYS Weyco GroupPairCorr

Moving against Charles Stock

  0.42MAT Mattel IncPairCorr
  0.38HAS Hasbro IncPairCorr
  0.78YUM Yum BrandsPairCorr
  0.73VIPS Vipshop HoldingsPairCorr
  0.68AZO AutoZonePairCorr
  0.68LNW Light WonderPairCorr
  0.62MCD McDonaldsPairCorr
  0.61GPC Genuine PartsPairCorr
  0.56PDD PDD Holdings Aggressive PushPairCorr
  0.5JD JD Inc AdrPairCorr

Related Correlations Analysis

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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   
TPR
+ 0.94
MYTE
HESAF
+ 0.89
MYTE
TPR
+ 0.89
HESAF
FOSL
+ 0.87
ELA
ELA
+ 0.79
MOV
ELA
+ 0.74
BGI
  
High negative correlations   
HESAF
- 0.86
SIG
SIG
- 0.75
MYTE
TPR
- 0.73
SIG
TPR
- 0.69
BGI
BGI
- 0.66
MYTE
HESAF
- 0.62
BGI

Risk-Adjusted Indicators

There is a big difference between Charles Stock performing well and Charles Colvard 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 Charles Colvard'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LANV  4.79  0.64  0.13 (4.70) 4.90 
(5.92)
 13.21 
(10.67)
 27.75 
MYTE  3.23  0.32  0.10  0.27  3.07 
(4.06)
 6.87 
(5.70)
 30.56 
MOV  1.33 (0.22) 0.00 (5.96) 0.00 
 0.00 
 2.77 
(2.78)
 7.03 
BGI  3.17 (0.37) 0.00 (0.57) 0.00 
 0.00 
 9.33 
(9.23)
 26.51 
SIG  2.57 (0.43) 0.00 (0.39) 0.00 
 0.00 
 3.58 
(4.23)
 24.56 
ELA  1.72 (0.41) 0.00 (0.91) 0.00 
 0.00 
 2.95 
(3.97)
 13.23 
HESAF  1.33  0.22  0.14  0.68  1.76 
(1.33)
 3.78 
(2.62)
 11.55 
FOSL  4.03 (0.39) 0.00 (0.79) 0.00 
 0.00 
 6.79 
(8.39)
 37.53 
TPR  1.82  0.36  0.16  0.28  2.13 
(1.96)
 3.56 
(3.60)
 17.66 
CPRI  2.37 (0.04) 0.00  0.25  0.00 
 0.00 
 4.97 
(4.43)
 20.30 

Charles Colvard Corporate Executives

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